“We are going to be okay. We’re going to find some idiot to buy the lousy crap that we were stupid enough to buy.”
Seems to me that EVERY bank on Wall Street is saying the same thing. And unless our elected officials become that idiot, it’s not going to happen.
I hope Obama sticks to his word that he will have each bank examined and if it requires too much capital or can’t survive even with help, he will let it fall. I imagine a few are going down, but if they don’t nothing will change.
Oh, and BTW- it was not a ‘near collapse’ – it was a COLLAPSE. If the Gov’t hadn’t dumped a ton of our money on their collective desks, they would be standing on the exit ramp with a sign right now.
“We are going to be okay. We’re going to find some idiot to buy the lousy crap that we were stupid enough to buy.”
Seems to me that EVERY bank on Wall Street is saying the same thing. And unless our elected officials become that idiot, it’s not going to happen.
I hope Obama sticks to his word that he will have each bank examined and if it requires too much capital or can’t survive even with help, he will let it fall. I imagine a few are going down, but if they don’t nothing will change.
Oh, and BTW- it was not a ‘near collapse’ – it was a COLLAPSE. If the Gov’t hadn’t dumped a ton of our money on their collective desks, they would be standing on the exit ramp with a sign right now.
Very well put, Dawn!!
I must agree with Dean Wormer….well said Dawn!