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by Im Alec has abandoned this account on August 13th, 2009
It is highly undesirable but unfortunately necessary. The problem is that we should not have banks which are "too big to fail". Instead of supporting giant "national champions", governments should have been enforcing higher standards on banks as they approach this "Too big to fail" level, both to reduce the chance of having to bail them out, and to squeeze risky behaviour out of them into smaller, "more agile" banks which can be allowed to fail if they get it wrong.
What should be done about the Wall Street lobbyists against CEO pay reform?
by Halliburton Shill on July 24th, 2011
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So rest of California, when are we going to have to start releasing prisoners and closing schools to fix the deficit?
by Faithlesstheist on February 1st, 2011
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Should America boycott GM products because they flaked on paying off 14 billions of their taxpayer bailout funds?
by Anonymous on June 5th, 2011
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Are the US banks responsible for the financial crisis in Greece?
by Marguerite on June 23rd, 2011
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Do you feel americans deserve the punishment we get from financial businesses over Obamas reforms?
by hallagan on July 8th, 2010
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You're reading Do you think it is necessary or desirable for governments to bail out banks when economic conditions like those we are in now hit? If 'no', do you understand what would happen if they didn't?
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Comments
Nice points. +
The crash should improve regulation. We'll see.
by Who Is She on August 13th, 2009