Quote:
Originally Posted by Cruisingdad
If AIG, the Mae's, Bear, etc would have been allowed to fail, would you like to take a guess where the economy would be now? My guess is we would be facing a plunge possibly even bigger than the 30s. It would be global. No one would be spared.CD
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Certainly possible, but that's not the point. That's like talking about our hard choices in Iraq while ignoring that it was Bush that got us there in the first place. Yes, the government had to make some hard choices in the markets, right or wrong, but it was the free-market deregulators that got us in trouble in the first place. That's the point some of us, at least, are trying to make. Let's see if we can learn a little bit from history and try not to elect people who will make the same mistakes again.