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In article ,
says... One of the important things he did w/ the $$ was stablize the market and restore some confidence. In a sense, the financial system is built and sustained by confidence (not saying this is a good thing, but it's the way it is). If the giants went down, we would have seen what happened when Lehman Bros. failed only on steroids. The market should have been left alone to work and weed out the weak. Bad businesses shouldn't be bailed out. Bad managers shouldn't be bailed out. The market decides who should survive and who should fail. The government shouldn't be involved in these decisions. |
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