On 10/04/2011 6:35 AM, bob wrote:
On Sat, 09 Apr 2011 09:58:32 -0600,
wrote:

On 09/04/2011 4:45 AM, bob wrote:
On Fri, 08 Apr 2011 20:57:58 -0600,
wrote:

Why bail out banks at all? Pay the $250K account guarantee and let the
billionaires deposit fry in debt court? A bank that screws up that bad
with their cash flow is certainly corrupt.

because we TRIED that in 1929. didnt work out at all

those of us who know history know your view is a DISASTER

No, 1929 they tried the debt-spend

really? proof? because that's what they DIDNT do. what they DID do is
what YOU suggest:

let the banks fail. that's WHY there was a bank crisis in 29; they let
the banks fail. just like you suggest

how'd that work out??

Didn't change a damn thing. Bailing out banks was the wrong thing to
do. Just let billionaires off the hook at the taxpayers expense. Banks
should have taken the write offs.

and it failed in 1932 where it
collapsed with inflation from the debt spend. Broke, and taxing, the
economy didn't really recover for almost a decade. Not much unlike now
being early 1932.

yep it recovered

in 1940....and what was happening in 1940?

WW II. But USA was more or less out of it already. People were
hoarding money at the time. Lending it for war bonds put it into
circulation.

massive govt spending...in preparation for a little event that would
start, for the US, on dec 7 1941.

Yep, and unlike Pearl Harbor screw ups who got caught with their pants
down, todays economic Pearl Harbor will not be as easy to fix.

$113 / barrel and climbing.
--
I can assure you that the road to prosperity is not paved with
fleabagger debt.