Tuesday, February 24, 2009

TAKING OVER THE BANKS AND OTHER FINANCIAL INSTITUTIONS!

The New York Times: Reports that US Banks and other financial business will need more billions if they are not go to broke. The Take over of in debt banks and other financial business is the last option the Times reports. If these business need more billions the question has to be asked, at what point do you say NO. What point do you let them go to the wall, the argument that if these banks and other sectors fail they will make the financial crisis worse, well is it not better to let these in debt companies go broke and start afresh. At what point does it become welfare because you afraid of the other result. It is tough question and there will come a time when the Obama Administration will not have the money to spend.

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