[quote=davelj]…My issue as a taxpayer and bank customer is that I want the least costly resolution to these huge problem banks…[/quote]
DaveLJ, for some of us, fairness is one of the most important goals of any resolution of this mess. I would prefer a very fair $15 trillion solution to an unfair $10 trillion solution. I’d prefer a solution that costs $5 trillion dollars more and administers lots more pain to the people who bought assets or goodies liberally on borrowed money or who assisted professionally in reckless lending, and delivers much less pain to the people who were restrained and refused to try to ride leverage to riches.
Otherwise, what’s the point in exercising self-restraint and good sense in the future? It just makes you a loser, an easy mark.
