Quote:
Originally Posted by cnredd
And this is something I've REPEATEDLY said shouldn't be happening...Let the losers die and the economy takes a smaller hit NOW than delaying the inevitability of incompetent companies dying on a larger scale later...
The economy needs an amputation of bum companies...The present solution is worthless because it lets the cancerous companies live and spread to other companies that would otherwise be prosporous...
|
I completely agree with you on letting the big guys take their lumps and letting the chips fall.
I have a sneaking suspicion, though, their problems are so interwoven in our economy (weather it is their fault or not), that our very societal infrastructure would fall flat on its face if we had done that.
I think Social Security checks (retirement as well as disability) would not arrive or would be worthless, insurance companies would not have the means to make good on any claims, and of course government paychecks and bonds would be so much smoke.