|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Sep 2008
Posts: 2,326
|
|
Out of Control
On Mon, 24 Nov 2008 04:58:40 -0600, wrote:
On Mon, 24 Nov 2008 03:50:38 -0500, Eisboch wrote:
Congress should reconvene immediately and put a halt to the TARP
program. The banana heads running it are loose cannons, operating on
their own and should be fired.
IMO, there is an overreaction taking place, led by a bunch of ex-wall
street suits that have a very narrow view factor of the overall problem.
Calmer heads should take over. Let things settle a bit. Tossing
billions of dollars to any company that comes along and cries for help
isn't the solution.
If the Great Depression happened today, it's cost has been estimated at
somewhere north of $30 trillion. An economic collapse, would be even
more. Both scenarios are still quite possible. I don't like bailing out
incompetent greedy *******s, but I like breadlines even less.
As I pointed out to Eisboch, the greedy *******s are Robert Rubin and
Dick Parsons.
And we all know where they came from don't we? :)
|