On the same weekend Lehman failed, AIG and Merrill Lynch were saved via government intervention.
So we will keep bailing out these companies everytime they fail no matter what the cost?
What about when the 600 trillion-$1.5 quadrillion derivative bubble bursts, that is more money then the entire global economy.
That is why we had to bail AIG out, so that bubble didn't burst. The whole financial system would have come to a grinding halt. Of course, the GOP thinks we do not need to regulate derivatives.So we will keep bailing out these companies everytime they fail no matter what the cost?
What about when the 600 trillion-$1.5 quadrillion derivative bubble bursts, that is more money then the entire global economy.
I know the GOP is to blame for deregulation. Bill Clinton is also at fault for signing the repeal of Glass-Steagall.
The bubble is going to burst eventually and the bailout costs will be so high that we can't afford to do it anyway, so we should have gotten it over with already, putting it off is just going to make it worse.
Is the debate online?
FTFY.And despite the partisan rhetoric since then, they will do it again. This claiming to be against is is just partisan hackery and irresponsibility.
Huntsman's excuse hasn't happened yet.
FTFY.
8.8 -> 9.0
Regearing, I guess.