Friday, October 7, 2011 5:32:48 AM
SarahofBorg: The banks failing wouldn't have been a disaster, The FDIC and the Federal Reserve step in and auction off failed banks, they insure customers deposits and they`ve quite practiced at it. Many smaller banks did not get bailed out, failed, and have been auctioned since the housing crash.
The banks that were supposedly "Too big to fail" was a load of crap, they should`ve failed and been auctioned, our country would be much better off and the greedy executives that got rich off their loan fraud wouldn`t have been rewarded with millions of dollars in bonuses.
Friday, October 7, 2011 12:26:53 AM
Banks should be regulated so they don't close. Up here in Canada know how many banks we lost? 0 We didn`t lose ANY banks because our government keeps them in check, thank god for liberal politics.
If Harper had his way before the recession our banks would have been as free to loan and go bankrupt as American banks.
Thursday, October 6, 2011 9:19:17 PM
SarahofBorg: (mostly because yours was the first comment I read) I agree with you, except on saving banks. Banks are businesses, and some businesses fail. There are other banks to choose from, and many of them are not as greedy and out of control as the ones that fail.
Thursday, October 6, 2011 6:59:16 PM
Truth is, saving the banks IS important, because not bailing them out is exactly what lead to the Great Depression. There can simply be no economy without functioning banks. Of course, they do get severely out of control and reckless, but we're still dependent on them.