Quote:
Originally Posted by Wayne Luke
Letting these underperforming assets fail would be more detrimental to the economy. Not only would thousands of people lose their jobs causing a job loss domino as less money is in the economy but customers would lose 100s of billions of dollars.
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As much as it pains me to say, I have to agree with this comment. I watched a program on the History Channel last night comparing this mess to the one in 1929 and thats exactly what the Treasury Sec. did back then...nothing and let the system try and correct itself and we all know what happened then.