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Old 12-14-2009, 10:06 PM
Excaliber Excaliber is offline
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Default Has TARP worked?

Troubled Asset Relief Program, TARP. Dozens of banks are now scrambling to pay back the Government loans from this program. They put a nice spin on it, "Thank you America". But it's pretty clear they simply want the Gov out of their business. That's OK with me, I don't really care WHY there paying back the loan(s), just do it.

Now let's take the next step. Break up the "mega banks". I say let the Government CONTINUE to "mess with their heads". No bank should be allowed to exist that is so big it MUST be protected from bankruptcy by the tax payers. If they are that big, it's time to downsize! What we need here is more Government intervention. Yes, MORE Government control, of big business. Unless you think Wall Street can be trusted to police it itself?

Or, maybe we should have just let Wall Street and the mega banks "crash and burn"? Let them continue to have multiple off shore subsidaries escaping US tax? Let them continue to grow even larger so they can once again threaten the WORLD economy? After all, they can always fall back on the taxpayers...
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