Some people argue we need to bail out the banks to help the economy in general – right or wrong, that is what they’re saying.
So – a form of corporate welfare IMO – regardless.
Some people say let the banks fail.
So if the bank fails, then if the first group is correct, we all will suffer.
We will all get F’s, in effect. It’s like a reverse socialism won’t work either.
“Society” is too connected.
Edit – we see how socialism is working on the people walking away from homes that are getting bailouts. One guy legitimately for whatever reason can’t pay the mortgage. He gets a bailout. Neighbor says, “Why should I be a sucker and pay when he gets help?” He stops paying.
Now the taxpayers get the bill as all those people walk. If no one got help, people would pay or walk and a renter takes over.
