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rspawn (November 30, 1999 at 12:00 am)
- Reverse the deregulation that the banks asked for that allowed them to issue bad loans.- Then have the banks swallow their bad loans (simply by not bailing them out).If they go bankrupt because of that, they should, because they were conducting bad business - and they are responsible for the business they conduct (at least they were when it was still profitable).That then opens up the market for some new competition in the banking business.
ReliableInsider (November 30, 1999 at 12:00 am)
"A lot of the major banks are probably not viable." This is pretty serious. It's probably time for people to stop the partisan bickering and actually start working together . . . sort of like in World War II. We all pulled together then . . . and we won.
ReliableInsider (November 30, 1999 at 12:00 am)
The Obama administration should rush to put their plan together and should rush to explain it publicly . . . but I don't see anything wrong with taking a few more weeks to finalize the plan. It's important for them to get the plan RIGHT first before they announce what the plan is.
HairyTurds (November 30, 1999 at 12:00 am)
Credit = Debit. |