Bailout $700 billion - HAH!

[gtrman66]

I don't like to say I told you, but....

http://finance.yahoo.com/tech-ticker/article/126117/Cost-of-the-Bailout%3A-%243.5T-So-Far%2C-But-Real-Cost-May-Be-Much-Higher

The bailout bonanza has gotten so big and happened so fast it's the true cost often gets lost in the discussion. Maybe Hank Paulson and Ben Bernanke prefer it that way because the tally so far is nearly $3.5 trillion, and that's before a likely handout for the auto industry.

[MYCAR47562]

well what most of us thought would happen has but i didnt think it would be this high

[The G]

deregulation is great !

[gtrman66]

deregulation is great !

Yes it is. But you have to let businesses fail. Bailouts are not the result of deregulation. It's the result of panic. Businesses start and generally live a life cycle of up to 50 years. Very few make it past that mark unless they adapt or are artificially propped up - like we are seeing now.

You cannot continue throwing money at buggy-whip factories and crooks and expect to see a return on investment.

[vrodderD]

The banks are HIGHLY regulated. It's when Congress sticks its nose in that things start falling apart.