I guess it's good to know I can spark some kind of reactions.
Most of what has happened has been overreaction on the part of many. We've become a 'too big to fail' society with many companies and corporations doing anything to keep from going under, and this is the problem. It's a big mistake. Let them fail. We've been far too 'nice' for far too long. 'Nice' puts us in these kind of situations and totally distorts reality. Be real.
Most of this "crisis" should be handled by the bankruptcy courts. Isn't that what they're for? Sorry, but when it comes to things like this, we need a little FAIL. Many of these CEO's, bankers and accountants should be sent to jail and their assets seized. Bank records shouldn't be kept in secret for 50 years when they fail, they should be made public within a week. Mutual funds and stocks in loans? How foolish. No wonder the Chinese are laughing at us.
There are three ways our government can handle this: 1. Repudiation. We're starting over. The national debt is now zero. See Latin America for this one
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Comments 6
Most of what has happened has been overreaction on the part of many. We've become a 'too big to fail' society with many companies and corporations doing anything to keep from going under, and this is the problem. It's a big mistake. Let them fail. We've been far too 'nice' for far too long. 'Nice' puts us in these kind of situations and totally distorts reality. Be real.
Most of this "crisis" should be handled by the bankruptcy courts. Isn't that what they're for? Sorry, but when it comes to things like this, we need a little FAIL. Many of these CEO's, bankers and accountants should be sent to jail and their assets seized. Bank records shouldn't be kept in secret for 50 years when they fail, they should be made public within a week. Mutual funds and stocks in loans? How foolish. No wonder the Chinese are laughing at us.
There are three ways our government can handle this:
1. Repudiation. We're starting over. The national debt is now zero. See Latin America for this one ( ... )
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