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To: Mr. Brightside

The answer is simple. Not all institutions are created equal. We can let Bennigan’s fail without any serious systemic harm. If we let the financial system just crash instead of organizing a graceful failure, the same people would be complaining about the resultant depression. Sometimes I wonder if our economy has simply gotten too complex for the average person to really understand and we’re left with nothing but rampant emotionalism.


11 posted on 09/19/2008 11:52:32 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: garbanzo
If we let the financial system just crash instead of organizing a graceful failure, the same people would be complaining about the resultant depression. Sometimes I wonder if our economy has simply gotten too complex for the average person to really understand and we’re left with nothing but rampant emotionalism.

No one really understands it in any detail. They might understand the details of a single segment, and they might think they understand the overall system. But they don't. No one does. But what I do know is that in the past, every time government tries to "soften the blow" or create a "soft landing", the ultimate result down the road is worse. In fact that's sort of where we are now, in the "worse". If we "cushion this blow", but not allowing the consequences of the actions of these companies and agencies to play themselves out, the ultimate fall is going to be a whole lot worse. Since we aren't, it will be.

46 posted on 09/19/2008 4:44:34 PM PDT by El Gato ("The Second Amendment is the RESET button of the United States Constitution." -- Doug McKay)
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