ST Alpha - "The bank bailouts didn't stabilize the economy, they stabilized the banks. And for months after the banks were stabilized, the economy was still " (Reading a Post)

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In response to "Here's my opinion on the bank bailouts: It had to be done to stabilize the economy. If these "too big to fail" institutions had failed we'd be in " by TWuG

The bank bailouts didn't stabilize the economy, they stabilized the banks. And for months after the banks were stabilized, the economy was still

Posted by Loyola Dec 14 '09, 09:07

shedding jobs hand over fist.

Responses:

And where do you think the economy would be if the banking system went belly up? Getting the banks staqble allows the economy to stabilize. - TWuG Dec 14, 09:11 5
- Well let's ignore for a second many of the investment banks had to actually register to become "bank holding companies" so as to receive TARP funds. - Loyola Dec 14, 09:17
- That would have been a good opportunity to create a nationalized bank -- nm - con_carne Dec 14, 09:13 3
  - Horrible idea. -- nm - TWuG Dec 14, 09:15 2
    - Please explain how this would be so very different from, say, repeatedly bailing out private banks with strings attached -- nm - con_carne Dec 14, 09:18 1
      - You're assuming repetition. I'm assuming better regulation in the future to prevent a repeat. -- nm - TWuG Dec 14, 09:30
Right. Also, credit is still hard to come by (as you suggested earlier). -- nm - con_carne Dec 14, 09:10

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