1Perry
Banned
- Joined
- Jun 26, 2011
- Messages
- 7,624
- Reaction score
- 1,859
- Gender
- Male
- Political Leaning
- Libertarian
You're right, actually. Wipe out taxpayers' home equity. But save the big banks. Trouble is, once the first happened, the second would have been a true death blow. Where I think our government went wrong was in not putting a lot more strings on their bailouts...one of the most important being multi-million-dollar bonuses. Don't know how they could've done that...but in hindsight, Main Street would have reacted better.
It would have been easy. Let's put aside the fact that it should not have been done this way, but let's argue for a moment we had to.
Government: You suck and are an absolute failure but despite that we are going to save you. The only problem, all your old contracts are null and void and you'll work under our conditions. You are free to refuse but then we will not step in. Sink or swim on your own.