Reply #13: what you did not understand is that if an economic system loses its liquidity [View All]

[grantcart]

then it will collapse and it will create millions of unemployed workers.



If you read the article then you would have understood that anything that resembles a "bail out" that saves either shareholder equity or executive compensation is not acceptable.


There are two different issues involved: first maintaining system liquidity and the second keeping up share value in the market.



I care about the first and do not care about the second. Keep the healthy companies running as they normally would and the shareholders in the unhealthy companies should lose thier shares. No golden parachutes for either shareholders or executives.


Now answer me this: Why should a good company (whether it has 3 employees or 3,000) that has always done the right thing and has good credit be wiped out and all the employees lose their job simply because the normal kinds of loans that they have always gotten are no longer available, even though they have good credit and good collateral?