Cancel 2018. 3
<-- sched 2, MJ sched 1
That's over simplistic. If the appropriate level of regulation had been enforced in the first place (Whhhooooops Bush dropped the ball again, another Frat boy asleep at the wheel) then the issue wouldn't have gotten to the point where bail outs were needed.
But no, even when it was obvious the general public that these companies were in deep shit they contintued to sit on their asses and do nothing.
So now if you allow all these institutions to collapse you risk collapsing the entire economy. So that isn't an option either. It's one big aggravating, piss you off, damned if you do damned if you don't Catch-22.
I really think criminal prosecutions of these pricks should be in order to set an example to Wall Street. One that makes them sit up and shit there pants. In China they would have shot some of them by now.
i don't think it would risk the entire economy, that is pure fear mongering on your part. look at JP morgan, they stayed strong and were able to buy up companies, sure they got it cheaper because of the government action, but had the government not intervened, it is possible that they could have waited out the market and still purchased the weaker company.
companies fail all the time. it is part of doing business. further, with the government bailing out mtgs, property values will now continue to hold a false threshold of value. if many mtgs default and the banks are forced to lower the price on the home to sell it in order to recover funds, then guess what, like JP morgan others that didn't blow their money will buy up the houses at a reasonable value.
i know a few doing that right now.