Monday, October 15, 2012

TARP

How Amazon and Walmart are stepping into financial services and lending.  The article concludes the bank bailout was unnecessary and is stalling economic recovery.

I've always suspect the bank bailout was a bit of bullshit.  What was the big deal of letting them fail?  Someone else would step in and provide banking services cheaper and better and buy the old banks for rock bottom prices.  Same with underwater mortgages.  Those with money should buy up property at the low values.  Value-seekers could have made a killing.  That's capitalism.

No comments: