should the banks have been able to fail?

[one love]

Curious to your answers, please leave a response as well. Especially if you feel they should have all failed.


I will tell you if it all crashed I do NOT think we would recover. Business would have been gone because NO credit would be there to make payroll, order materials etc.
There would be almost no insurance,! Whether Liability, workman's comp, health etc. Most homes would be foreclosed because there would be no backing of the loans, even if you made payments.

think about it realistically and what happened when they were able to fail last time. Difference being is we are way more in debt now, depend on entirely More insurance etc. then ever before.

NO I do not think the bailout was the answer, I do think SOMETHING needs to be done.

I also feel the fair tax would help it all as well. Business would come back to the U.S.

[Tim Elston]

I say we should have let them fail completely. We preach it, so we should live by it. Or else we should shut up with the conservative jargon.

For those who voted No, but no bailout, either--that smacks of having cake and eating it, too. What other option was there besides bailing them out or letting them fail? I mean options, not platitudes.

[dolfan]

Let them fail. It is a house of cards. We've allowed it to happen. We've been complicit. Anything in terms of a bailout is a burnout. That's what we've got. Better to have suffered collapse of the whole than to burn it out from the inside as we've done and then watch it happen anyway.

[RamboPreacher]

i voted to let them fail, but the honest truth of my opinion is actually a cross between that and the last one. we need to do something, and the bailout isn't the option. In other words, we should do something, but we should also allow many of them to fail.

[one love]

appreciate that guys Curious would you all be okay with the U.S. crashing as a result? Would we be in a depression type society?

Just curious if you think it would all have been fine whether they all failed and AIG and the auto makers?

I guess this is my thought... If Bush/McCain/Obama at the time had the business "so called experts" telling them if these companies and banks fail the U.S. is done. BROKE/DEPRESSION/CRASH OF ,MILITARY ETC. ( if we did go as broke or worse then the depression our super power status is over! think Russia) If you were president, how would you handle that? I am not sure the answer, I did not like the bailout but I know how many business's would have failed, homes lost (even if you paid your mortgage, but then with NO jobs what does that matter) AIG is to big! They are in EVERYTHING.

[dolfan]

One love,

Of course, my opinion is like yours and everyone else's: it's mine and I think it's right.

But, the cord has got to be severed somewhere. The government is so bought into (or sold out to, depending on your perspective -- both are probably right) serving big companies that it has grown government to make it happen. Corporations have become an arm of government in their own right. Government and big business couldn't embrace each other quickly enough to make this bailout happen. Now, that's a product of decades of too much influence in both directions.

Government, though, is a public trust. That's all it is, and if it isn't that, it is not worth maintaining at any price. The bailout is a result of government exerting its influence for the benefit of itself and its power at public expense. That's self-dealing of the worst kind. And, the robber-barons of the big corporations have raced to the trough.

That said, it seems almost a given to me that in order to end that, in order to place government in its truly proper place of limited powers, restraint of scope and action borne only of the strictest necessity and least exercise necessary for the safety of the several States, there has to be a, yes I'll say it, violent overthrow of the system.

It is possible in theory to peaceably restore the federal government to its constitutional purpose and scope. There are far too many people with too great an investment in it to allow that to happen. Either because those people and companies will exert their power in the cruelest, most corrupt and violent ways to crush that restoration, or because people will have no choice but to resist those efforts with physical violence, either restoration happens with violence or it won't happen at all.

Now, let me say this: I'm not advocating violence. I'm 180 degrees in the other direction; I don't want it to happen. BUT, I'm also 180 degrees in opposition to the tyranny of today, regardless of whose hands are guilty of it. The average citizen has no recourse, no redress against the massive influence of money and power that constitutes the federal government. The ballot box has been made impotent because of failed education, entitlement spending that enslaves people to government, a decay in the family structure encouraged by government policies (including, certainly but not primarily, drug laws), and governments determination to control opinion by the creation of an elitist culture of guards in academia and media. The only thing the average citizen is left with is himself or herself. And, that's not much in the face of the enemy, which is the federal government. So, it does not seem farfetched at all, nor particularly immoral in my own mind, to believe that violence may be necessary to gain liberty from the power of the federal government. It may be the only choice left at the end of the day, unless you count capitulation as an option. I don't, personally.

There is a belief in our nation that our government is special and to be loved and revered and served. It is a false belief. Our government exists to serve our individual interests and to allow us to freely pursue them. The extent of government control of the citizens of this country is to the point that if liberty and life are to be enjoyed, sacrifice of both for the sake of our children and grandchildren may be required. We have been conditioned by government and all of its constituent interests that sacrifice is bad, and that selfishness is good as long as it is at the expense of everyone else. That's the fertile ground of tyranny, and it is chapter and verse of the federal government's standard operating procedure. It is not wrong or immoral to fight against it, to actually despise it and work for its demise. If that were democratically practical, I'd dismiss any notion of any other means; but, it is democratically impossible since the majority of our nation's occupants are servants of the federal government. How else can you explain this week's DHS report labeling disgruntled Iraq and Afghanistan war vets and advocates of limited government as possible terrorists, and the people who made the report still being in office? That report alone, to me, is worthy of revolt. The federal government must be stopped, period. Or, it must be defended and revered at all costs. There's really no middle ground to be had.

That's my opinion.

[Tim Elston]

appreciate that guys Curious would you all be okay with the U.S. crashing as a result? Would we be in a depression type society?

Part of their control is making us think that we can't live without them. They are crooks who use fear as one of their weapons to keep their coffers overflowing from our labor. Well, I've got news for them: the human race won't go extinct without crooks. Let them drown in their beer. The rest of us have work to do, and a big, wide world to do it in.

A depression is a challenge fit for our kind; but crooks are a disgrace to any people. Proverbs 33:5.

[MacUser]

appreciate that guys Curious would you all be okay with the U.S. crashing as a result? Would we be in a depression type society?

Part of their control is making us think that we can't live without them. ..

A depression is a challenge fit for our kind; but crooks are a disgrace to any people. Proverbs 33:5.

Bingo Tim is right.

Let them fail and don't live of fear from them going the way of the Dinosaur. Except we also need to clean both parties ( especially ANY that wants to raise taxes ) of our Govt out also. These guys the epitome of waste and greed.

[Pastor Bill]

I think the bigger question is why did we let it get to this point before anyone wanted to fix the real problem?

Banks are pushing credit and high interest rates creating a society of buy it now, hope we can pay for it later. The system thrives on the profits of those who can't, the extra fees, the building interest, and they have been ruining families that either didn't care, or didn't know any better, now they've bled the nation dry, and we've allowed it. While we've allowed it, it's eroded our economy to the point of collapse. There is no good option, I hate the bailouts (they seem to have been regulated with as much care as the banks that got us into this mess) but I also understand that doing nothing would have ensured the collapse. Now those that got rich off the greed are holding tight to their money, demanding their bonuses, and trusting that their riches will get them through if someone else doesn't fix things.

Want to really help, put some limits and cuts on the interest people are paying, give them some hope of getting out of debt, and they'll have something to spend again.

[beckrl]

I would agree, Sometimes we must walk through the fire to live again.
There is no easy answer to a world problem.

You know back in the day of the birth of the credit card we all got them and got in debt with no plan to pay them or pay the min.

No one bailed me out...