tag:blogger.com,1999:blog-7536140049505603887.post1551359472674829527..comments2024-01-26T03:26:54.060-05:00Comments on O-pinion: Ken Lewis and BofA's shotgun marriageUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7536140049505603887.post-62999822086036014302009-06-17T19:45:53.029-04:002009-06-17T19:45:53.029-04:00There are too many people taking the bailouts and ...There are too many people taking the bailouts and forced bailouts of our financial institutions far too lightly. <br /><br />I think we were never really on the edge of doom and the hysteria was manufactured to give government even more control over the economy. The badly run institutions should have been allowed to fail, that is how captialism is supposed to work. A lot of people want to blame greedy capitialism for much of our problems, but what we have experienced is not true capitialism. We've been told these institutions were "too big to fail". If that's really the case, then they shouldn't be allowed to get "too big". Has any of that changed? <br /><br />I think the government purposely added to the panic, which pummled big bank stocks and created a run on deposits, forcing some banks into even more trouble. That made it easier for the government to put pressure on these banks to take TARP money. Why force the banks to take the funds? It's about *control*. <br /><br />If that's not the case, then the other scenerio is just as bad. By giving companies that have been run badly bailout money, the government has not allowed the dead weight to be tossed aside... they have rewarded failure. In capitialism, the weak, the failing must be allowed fail. It allows the healthy well-run businesses to grow and flourish. The good companies are rewarded. Our government has rewarded failure and/or manipulated the siuation, and let there be no doubt- it is about *control*. <br /><br />This is not good for us or the long term health of our economy.<br />Not to mention the massive budget deficits that have occured because of these bailouts. I don't think most Americans have any clue about the enormous size of our deficits and what it really means for the future of this Nation. If ever there was true doom to be worried about, it is the looming insolvency of our treasury. We better hope the Chinese keep buying our treasury bonds, we are at their mercy.<br /><br />It hurts me to see what has happened to our country. This isn't about being a Republican or a Democrat, both have contributed to the massive problems we face... you are truly ignorant if you can't see that.<br /><br /><br /><br><br /><a href="http://twisted-tidings.blogspot.com/" rel="nofollow">TWISTED TIDINGS</a><br /><a href="http://twisted-tidings.blogspot.com/" rel="nofollow">http://twisted-tidings.blogspot.com/</a><br /><br>Michaelhttps://www.blogger.com/profile/11345403787541122140noreply@blogger.com