Today in the economy

[Trainer Monkey]

Kirk I know the short term would be horrible but if the Govt just allowed the Big Banks to fail (bankruptcy etc) wouldn't smaller banks pick up the slack? Am I wrong in thinking that there are plenty of smaller banks that are not full of toxic assets to would move quickly to fill the void? I wouldn't even call myself an economic novice but is seems that if there is a market someone would step up. I just really hate the idea of propping up failing industries and rewarding failure.

They arent really rewarding failure right now,unlike Bush who wanted it no ties attached for the same bailout,Obama put a rider in that limits executive pay for banks asking for bailout money.
In other words,short of the execs being fire by the banks in question,their pay is being governed and if the banks wont themselves wont punish their own piss poor governance,Obama has put it in,that the government will,or no damned money.

Salary is only a tiny fraction of total earnings for bank executives. It's just a cosmetic announcement, won't have any real effect on executive earnings. Unfortunately as far as the financial crisis goes the Obama administration looks like a Bush administration third term.

Not even close son
I mean here's the ballpark,and here there is you,youre not in it
Apparently between you and Lyle,there's liberal,conservative,and Ive got to sit here being the realist