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Biggest Lesson From the Bank and Auto Industry Bailouts

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Truth2Tell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 01:00 AM
Original message
Biggest Lesson From the Bank and Auto Industry Bailouts
My number one bailout takeaway:

Any enterprise so large that its potential failure would wreck havoc on our economy, and hence require a taxpayer bailout, can and should be heavily regulated by the State.
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justabob Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 01:02 AM
Response to Original message
1. too big to fail is too big to be allowed
in my not so humble opinion
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Truth2Tell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 01:05 AM
Response to Reply #1
4. Or at least to be allowed to act independently of the common good.
Or just not allowed. I might support that. :shrug:
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Idealism Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 01:02 AM
Response to Original message
2. Too big to fail= Too Big n/t
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 01:03 AM
Response to Original message
3. Money for those who shower before work. No money for those who shower after work.
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ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 01:08 AM
Response to Original message
5. Really, why bother to run a successful business?
Why not just loot the company's bank account, run it into the ground and then ask for a handout? In other words, run you business like a Republican.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 02:37 AM
Response to Original message
6. Big Government good.
The more people employed at tax payer whim fine. They get a pension, benefits..
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Truth2Tell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 02:49 AM
Response to Reply #6
7. Or...
limit the size and behavior of business... and government provide healthcare and retirement separate from employer.
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