Let me rephrase: HELL NO!
Stop using taxpayer money to bail out banks.
Nothing should be too big to fail.
And stop using the Fed to bail out other countries! 3.1 TRILLION to prop up Mitsubishi and the Bank of Spain? Frack this crap!
Strictly speaking, nothing is too big to fail… they are just postponing the inevitable.
There’s a great parallel to forest fires.
Turns out they are required for a healthy forest. You can stop the little ones but that just means you have a bigger one sooner or later that you can’t control.
Recessions and bankruptcies are important for the health of the economy. If you try to keep them from happening you just make them worse when they do happen.
Oh HELL no is right!
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