Quote:
Originally Posted by RainMaker
Those investment banks were insolvent when we invested. The free market decided they were a terrible investment at that point.
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I don't disagree they were insolvent at the time of the GR. However, for the years preceding, they produced, they employed alot of people, they helped alot of companies/startups with financing etc. They "produced" significantly.
Not so much the IB, but during the GR, there were Banks and Insurance companies that were "too big to fail". Auto companies were also "too big to fail". I was all for the bailout because IMO it prevented us from diving off the deep, deep, deep end.