To continue along these lines- If the bank fails everyone looses their jobs. Rich executives will be fine and as it goes down the line the negative impact gets worse.
If the government bails out the bank it's saving some jobs and is it possible to make some of that investment back?
I find unacceptable to have institutions that are highly profitable in good times and force the taxpayer to bail them out when they overplayed their hand. They should be treated like any other company. Either go bankrupt or be bought by somebody else. Anything else is a recipe for massive corruption.
Comments
To continue along these lines- If the bank fails everyone looses their jobs. Rich executives will be fine and as it goes down the line the negative impact gets worse.
If the government bails out the bank it's saving some jobs and is it possible to make some of that investment back?
I find unacceptable to have institutions that are highly profitable in good times and force the taxpayer to bail them out when they overplayed their hand. They should be treated like any other company. Either go bankrupt or be bought by somebody else. Anything else is a recipe for massive corruption.