| The US Economy, and bailouts. |
by Illiad |
2007-08-08 14:25:04 |
| Thanks to the link to the Jim Cramer meltdown below, I did some more digging. There's some talk that many large-ish financial institutions are facing an imminent collapse. These are, of course, the same institutions who trumpet the glory of free market capitalism.
Doesn't that mean that the same financial institutions shouldn't be bailed out? That they shouldn't even try to beg the government for a bailout? If free markets are what they believe in, shouldn't they be permitted to implode? You know, free market forces and all that. |
|
[ Reply ] |
|
I am not an economist, so I'll give my answer in | by hadji | 2007-08-08 14:29:43 |
|
Not at all. A general collapse is needed | by subbywan | 2007-08-08 14:34:50 |
|
It's already happening | by ShadoCat | 2007-08-08 14:59:16 |
|
Exactly. a Bailout will merely | by subbywan | 2007-08-08 15:00:48 |
|
Yep. | by ShadoCat | 2007-08-08 15:04:39 |
|
I'd rather rebuild. | by subbywan | 2007-08-08 15:09:49 |
|
That'll be unlikely since those institutions... | by ShadoCat | 2007-08-08 15:24:21 |
|
possibly. Depends what the Govt does. (n/t) | by subbywan | 2007-08-08 15:29:23 |
|
speak for yourselves | by joecrouse | 2007-08-08 18:59:20 |
|
I guess it's a good thing I bought my car already! (n/t) | by SnArL | 2007-08-08 15:03:16 |
|
The cost will be high if we do | by DesertRat66 | 2007-08-08 14:41:48 |
|
IMO yes it does | by DesertRat66 | 2007-08-08 14:32:21 |
|
Weren't the S&L institutions bailed out, though? | by vdp | 2007-08-08 15:09:46 |
|
To an extent | by DesertRat66 | 2007-08-08 15:14:08 |
|
Sounds like the institutions were bailed out, but | by vdp | 2007-08-08 15:18:47 |
|
No the institutions weren't | by DesertRat66 | 2007-08-08 17:27:20 |
|
let them SINK!! | by subbywan | 2007-08-08 14:33:36 |
|
I would say let individual institutions fail. | by AndyA | 2007-08-08 14:34:15 |
|
Not necessarily | by subbywan | 2007-08-08 14:43:12 |
|
Maybe not but | by AndyA | 2007-08-08 14:46:25 |
|
How so? | by subbywan | 2007-08-08 14:58:06 |
|
Tell that to someone who actually LIVED | by SnArL | 2007-08-08 15:00:48 |
|
Probably, but they *did* live | by subbywan | 2007-08-08 15:02:08 |
|
Better yet let them tell us | by DesertRat66 | 2007-08-08 15:10:46 |
|
My Parents grew up in the Dust Bowl | by Ston | 2007-08-08 16:23:00 |
|
I have no idea how possible it would be | by AndyA | 2007-08-08 15:09:57 |
|
That's why I said "realistic" | by subbywan | 2007-08-08 15:12:03 |
|
Sure and how many people | by joecrouse | 2007-08-08 19:02:54 |
|
Would you let a liberalist friend of yours, | by krikkert | 2007-08-08 14:34:49 |
|
Maybe. | by Illiad | 2007-08-08 14:39:21 |
|
Argh, you didn't fall for it. ;-) | by krikkert | 2007-08-08 14:41:25 |
|
Is "bottlepips" the same as "spin the bottle"? | by SnArL | 2007-08-08 14:45:41 |
|
Yep. Quite fun to combine with Truth or Dare.(n/t) | by krikkert | 2007-08-08 14:46:46 |
|
And even more fun when you add alcohol to the mix. | by AndyA | 2007-08-08 14:53:03 |
|
But then the alcohol spews out everywhere | by classic_jon | 2007-08-08 14:57:16 |
|
LOL! (n/t) | by SnArL | 2007-08-08 14:58:52 |
|
Good point.We'll have to empty the bottle first ;) (n/t) | by AndyA | 2007-08-08 14:59:23 |
|
I prefer mixed company for that (n/t) | by Nightwind | 2007-08-08 15:00:57 |
|
Hmmm I bet it I mixed some vodka with something | by classic_jon | 2007-08-08 15:04:40 |
|
Don't use Vodka | by Reddy | 2007-08-08 15:54:38 |
|
mmmm vodka... (n/t) | by esbita | 2007-08-08 16:05:46 |
|
I still have vanilla and orange, iirc... (n/t) | by subbywan | 2007-08-08 16:06:46 |
|
Yup. Let them collapse. | by SnArL | 2007-08-08 14:39:59 |
|
It is a condemnation of the free market | by Peace_man | 2007-08-08 15:02:23 |
|
FYI the industry is regulated | by DesertRat66 | 2007-08-08 15:07:26 |
|
If the industry is regulated, | by Peace_man | 2007-08-08 15:11:47 |
|
It's *very* well regulated. | by subbywan | 2007-08-08 15:14:11 |
|
That's not what I call regulated. | by Peace_man | 2007-08-08 15:25:53 |
|
Doesn't matter what you call it | by subbywan | 2007-08-08 15:28:51 |
|
'institutionalized'? | by Peace_man | 2007-08-08 15:41:12 |
|
Yes, as SOP. | by subbywan | 2007-08-08 15:45:02 |
|
That's not what I would call good, responsible | by Peace_man | 2007-08-08 16:00:14 |
|
No one has called it that good or responsible | by subbywan | 2007-08-08 16:04:52 |
|
OH. Here I thought you were replying to my | by Peace_man | 2007-08-08 16:09:05 |
|
eh. Not without me knowing :P | by subbywan | 2007-08-08 16:12:02 |
|
Unlikely to be reversed | by altordwm | 2007-08-08 17:18:39 |
|
It all depends upon | by leistico | 2007-08-08 15:29:20 |
|
Google - Keating 5 | by DesertRat66 | 2007-08-08 17:11:51 |
|
There might be collusion | by DesertRat66 | 2007-08-08 17:19:43 |
|
The banks still have to keep the ratio | by ShadoCat | 2007-08-08 17:39:36 |
|
Regulation is hard to do. | by ShadoCat | 2007-08-08 16:22:27 |
|
It isn't the institutions that will be hurt. | by ShadoCat | 2007-08-08 15:21:41 |
|
Not if they're smart | by DesertRat66 | 2007-08-08 17:23:12 |
|
Yes, those who can, should think about doing so | by ShadoCat | 2007-08-08 17:43:10 |
|
It's only going to fall harder, if bailed out. | by esbita | 2007-08-08 15:34:43 |
