Our Great Uncle Sam is still the uncle of all uncles……I definitely agree

[no_such_reality]

[quote=Rich Toscano]Wow, the guy who has a $10 billion investment in Wells Fargo thinks the bank bailout was a good thing. Shocker.

Bias notwithstanding, here are my two problems with this article:

1. It gives a free pass for the government failing to prevent — if not outright aiding and abetting, in many cases — the years of bubbles and capital misallocation that brought the crisis on to begin with.

2. He acts as if it’s all over. Yes, they mitigated one problem, but in so doing they have created another potentially even bigger problem. It’s not yet clear what will be the consequences of all the borrowing and printing that financed the bailout, and it’s thus way, way too early for the pro-bailout folks to declare victory.[/quote]

Warren makes his own conclusion without answering the inherent question. He concludes that the world would be different. He fails to answer if it would be worse than the inherent problems with the existing system.

The pain would have been severe, but would we have come out the otherside with an better world?

[KIBU]

From the article that made fun of Warren ‘s letter, I see lots of blamings, and then when it comes to “alternative” solution, it looks back and asks for fixing the “cause” by simply retracting, going backward toward the causes of the crisis and fix there, reminding me of similarity to Hoover’s responses to the great depression.

Many assume that because one knows the cause of the crisis now, to fix it, one simply do the reverse course to save the day. That is not correct in all circumstances. When the world was at risk of a financial collapse, losing credits, stop lending, a greater than a depression was looming to jump out and sink for good the world economy as we know it. All of the feds actions to throw money at the problem, save the banks, save the big investors, save the pillars of the financial system-regardless of how unfair it was at the time- eventually come back and saved us all.

The term “bail out” has been over-used and have created knee jerk reflexes without much thinking of the benefits to us all.

Yes, it was your tax money that did these bail outs. Yes, without these bail out, you may not have a job right now, much less paying taxes to uncle Sam.

I give an A for the Ben and Co for the efforts they have done and the results of buying time for a defective ship from sinking immediately. Buying time has its side effects, but at least we are alive to fight the side effects in another day.

[KIBU]

From the article that made fun of Warren ‘s letter, I see lots of blamings, and then when it comes to “alternative” solution, it looks back and asks for fixing the “cause” by simply retracting, going backward toward the causes of the crisis and fix there, reminding me of similarity to Hoover’s responses to the great depression.

Many assume that because one knows the cause of the crisis now, to fix it, one simply do the reverse course to save the day. That is not correct in all circumstances. When the world was at risk of a financial collapse, losing credits, stop lending, a greater than a depression was looming to jump out and sink for good the world economy as we know it. All of the feds actions to throw money at the problem, save the banks, save the big investors, save the pillars of the financial system-regardless of how unfair it was at the time- eventually come back and saved us all.

The term “bail out” has been over-used and have created knee jerk reflexes without much thinking of the benefits to us all.

Yes, it was your tax money that did these bail outs. Yes, without these bail out, you may not have a job right now, much less paying taxes to uncle Sam.

I give an A for the Ben and Co for the efforts they have done and the results of buying time for a defective ship from sinking immediately. Buying time has its side effects, but at least we are alive to fight the side effects in another day.

[KIBU]

From the article that made fun of Warren ‘s letter, I see lots of blamings, and then when it comes to “alternative” solution, it looks back and asks for fixing the “cause” by simply retracting, going backward toward the causes of the crisis and fix there, reminding me of similarity to Hoover’s responses to the great depression.

Many assume that because one knows the cause of the crisis now, to fix it, one simply do the reverse course to save the day. That is not correct in all circumstances. When the world was at risk of a financial collapse, losing credits, stop lending, a greater than a depression was looming to jump out and sink for good the world economy as we know it. All of the feds actions to throw money at the problem, save the banks, save the big investors, save the pillars of the financial system-regardless of how unfair it was at the time- eventually come back and saved us all.

The term “bail out” has been over-used and have created knee jerk reflexes without much thinking of the benefits to us all.

Yes, it was your tax money that did these bail outs. Yes, without these bail out, you may not have a job right now, much less paying taxes to uncle Sam.

I give an A for the Ben and Co for the efforts they have done and the results of buying time for a defective ship from sinking immediately. Buying time has its side effects, but at least we are alive to fight the side effects in another day.

[KIBU]

From the article that made fun of Warren ‘s letter, I see lots of blamings, and then when it comes to “alternative” solution, it looks back and asks for fixing the “cause” by simply retracting, going backward toward the causes of the crisis and fix there, reminding me of similarity to Hoover’s responses to the great depression.

Many assume that because one knows the cause of the crisis now, to fix it, one simply do the reverse course to save the day. That is not correct in all circumstances. When the world was at risk of a financial collapse, losing credits, stop lending, a greater than a depression was looming to jump out and sink for good the world economy as we know it. All of the feds actions to throw money at the problem, save the banks, save the big investors, save the pillars of the financial system-regardless of how unfair it was at the time- eventually come back and saved us all.

The term “bail out” has been over-used and have created knee jerk reflexes without much thinking of the benefits to us all.

Yes, it was your tax money that did these bail outs. Yes, without these bail out, you may not have a job right now, much less paying taxes to uncle Sam.

I give an A for the Ben and Co for the efforts they have done and the results of buying time for a defective ship from sinking immediately. Buying time has its side effects, but at least we are alive to fight the side effects in another day.

[KIBU]

From the article that made fun of Warren ‘s letter, I see lots of blamings, and then when it comes to “alternative” solution, it looks back and asks for fixing the “cause” by simply retracting, going backward toward the causes of the crisis and fix there, reminding me of similarity to Hoover’s responses to the great depression.

Many assume that because one knows the cause of the crisis now, to fix it, one simply do the reverse course to save the day. That is not correct in all circumstances. When the world was at risk of a financial collapse, losing credits, stop lending, a greater than a depression was looming to jump out and sink for good the world economy as we know it. All of the feds actions to throw money at the problem, save the banks, save the big investors, save the pillars of the financial system-regardless of how unfair it was at the time- eventually come back and saved us all.

The term “bail out” has been over-used and have created knee jerk reflexes without much thinking of the benefits to us all.

Yes, it was your tax money that did these bail outs. Yes, without these bail out, you may not have a job right now, much less paying taxes to uncle Sam.

I give an A for the Ben and Co for the efforts they have done and the results of buying time for a defective ship from sinking immediately. Buying time has its side effects, but at least we are alive to fight the side effects in another day.

[scaredyclassic]

maybe it is true, maybe extend and pretend and hop for growth is all that can be done. maybe the whole thing is too complex for a true economic cleansing. it seems morally wrong, and instinctually i don’t like the fakeness of it….but …

[scaredyclassic]

maybe it is true, maybe extend and pretend and hop for growth is all that can be done. maybe the whole thing is too complex for a true economic cleansing. it seems morally wrong, and instinctually i don’t like the fakeness of it….but …

[scaredyclassic]

maybe it is true, maybe extend and pretend and hop for growth is all that can be done. maybe the whole thing is too complex for a true economic cleansing. it seems morally wrong, and instinctually i don’t like the fakeness of it….but …

[scaredyclassic]

maybe it is true, maybe extend and pretend and hop for growth is all that can be done. maybe the whole thing is too complex for a true economic cleansing. it seems morally wrong, and instinctually i don’t like the fakeness of it….but …

[scaredyclassic]

maybe it is true, maybe extend and pretend and hop for growth is all that can be done. maybe the whole thing is too complex for a true economic cleansing. it seems morally wrong, and instinctually i don’t like the fakeness of it….but …

[Author]

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