The Q is – do you want to continue to rely on banking institutions which are so unsound that they would have collapsed without a bailout ? Or do you want to have available to you a stronger breed of bank who weathered the recent storm on their own ?[/quote]
In theory, I agree with you…
But that would have caused a huge recession that would have thrown millions into poverty.[/quote]
That hasn’t not happened with the current plan. Just been pushed down the road a bit, or possibly spread out over years and years, not prevented. It is a cost we will somehow have to incur to get out of the mess we are in.
