« Back to story "Radical bailout plan has a jawdropping price tag"

Story Comments

Posted by: Candida 1 year, 3 months ago

This page is a permanent archive of the comment below and its replies.
To view this comment in the context of the full discussion for the story, use this link.

All Comments Share Story Report

100%
Candida1 year, 3 months ago

This comment is below the standard viewing threshold View It »

Yes, that's true, but it's not that simple. If they let all those banks fail, then a lot of people's retirement savings would be wiped out and there would be other consequences as well. Suppose the dollar lost half its value. The rich could still manage. Those who have nothing but debt would have their debt cut in half, and those who have saved all their lives would have their savings cut in half. Foreign money would stream out or steam out faster, unemployment would rise, a lot of people would suffer.

I see this situation as I see the Iraq war. The best solution would have been to prevent it, but now that it's happened, there are just bad and worse solutions.

(comment_max_expanded_depth : 55) (comment depth : 3) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 55)
Reply
0 Replies

loading ...