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The New DU. Reply #5: That is a complete red herring
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golfguru
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Sun Nov-20-11 02:06 AM
Response to Reply #4 |
| 5. That is a complete red herring |
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Only those banks which either gambled in risky derivatives & MBS or those who made stupid loans are in trouble.
Why bailout the gambling or stupid banks? That same money used in TARP should have been loaned to the thousands of prudent and solvent banks, who could then loan it out to businesses & people.
For capitalism to work, the bad apples must be allowed to fail. There are plenty of good apples to take over their business.
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