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To: pnh102

You simply have no idea what you’re talking about. Had BS been allowed to collapse, there would have been a massive and hysteric “run on the banks” (and all other investment houses) that could have easily thrown the world into a depression. The “Fed” is in place to make sure these things don’t happen. BS has failed...shareholders have lost money....management has been fired.....but the good news is that the “economic wheels” of the Country and World are still on the bus.


9 posted on 04/09/2008 7:22:28 AM PDT by HappyinAZ
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To: HappyinAZ
You simply have no idea what you’re talking about.

So what should we do then? Reward every single private entity that makes bad investment choices with a bailout? What about the rest of us who made more responsible investment choices? Why are we on the hook for those who did not do that?

12 posted on 04/09/2008 7:34:36 AM PDT by pnh102
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