Capitalism

[killersheep]

Killer I subscribe to the idea that if your are too big to fail then you are too big to manage. I wouldn't have bailed out a single one.

OK lets play out that scenario, you have let the big companies fail, what happens next?

[VictorCharlie]

I'll be honest Killer I don't have the national/international economic understanding that some of yall have. But if the failing of a financial institution(s) is going to suck the US and international economy into a black hole then we have to do something. I just wouldn't have bailed them out. Nationalize them. Gut them. Clean them up and sell them. Hopefully by the time this is done legislation has been passed to regulate the economy better and provide transparency/oversight. Is this the right answer? I don't know. I'm sure Kirk is at this moment writing an explanation of why this is a shit idea. Like I preach on here a lot I am big in accountability. If you run a billion dollar business into bankruptcy you should lose your job and your business fail. I'd like to think in a market economy that if there is a window to grab market share and make profit someone will step up and make it happen.

[killersheep]

I'll be honest Killer I don't have the national/international economic understanding that some of yall have. But if the failing of a financial institution(s) is going to suck the US and international economy into a black hole then we have to do something. I just wouldn't have bailed them out. Nationalize them. Gut them. Clean them up and sell them. Hopefully by the time this is done legislation has been passed to regulate the economy better and provide transparency/oversight. Is this the right answer? I don't know. I'm sure Kirk is at this moment writing an explanation of why this is a shit idea. Like I preach on here a lot I am big in accountability. If you run a billion dollar business into bankruptcy you should lose your job and your business fail. I'd like to think in a market economy that if there is a window to grab market share and make profit someone will step up and make it happen.

I think ultimately you and I would like to end up at the same place as far as the economy goes. The problem right now is the factor of time, we don't have the infrastructure to do without these companies. Plus the other ramifications of a higher unemployment and difficulty in lending don't help. You are definately right on when you speak of individual financial responsibility.

Economics lesson 1.
Two assumptions one must make in economics is that all goods are scarce and all people are greedy.

[Kirkland Laing]

I'll be honest Killer I don't have the national/international economic understanding that some of yall have. But if the failing of a financial institution(s) is going to suck the US and international economy into a black hole then we have to do something. I just wouldn't have bailed them out. Nationalize them. Gut them. Clean them up and sell them. Hopefully by the time this is done legislation has been passed to regulate the economy better and provide transparency/oversight. Is this the right answer? I don't know. I'm sure Kirk is at this moment writing an explanation of why this is a shit idea. Like I preach on here a lot I am big in accountability. If you run a billion dollar business into bankruptcy you should lose your job and your business fail. I'd like to think in a market economy that if there is a window to grab market share and make profit someone will step up and make it happen.

http://www.saddoboxing.com/boxingfor...10-post39.html