10-17-2011, 04:34 PM
In regards to the bailout, if I'm not mistaken, haven't most of the big banks repaid the feds? And having said that, if the feds didn't step in when the did and instead let the banks default, then I think we'd be much closer to a Great Depression part 2 instead of the current stagnant status quo because, well, money would loose it's value as everyone who had bank accounts would now have nothing instead of something when the banks sank. The banks had bad practices to be sure, and it sucks the feds had to step in the save them, but if they didn't.... Any theories as to what might of happened if the feds didn't step in?
"The true value of a human being is determined primarily by the measure and the sense in which he has attained liberation from the self." -Albert Einsetin