(June 21, 2011 at 9:59 pm)Ashendant Wrote: It's better than the alternative, when a bank fell, we had a global economic crisis of 2008, if a country falls attached to 26 others of the biggest economic market on the planet what do you think will happen to the economy...
What was supposed to happen years and years ago -- total market failure.
You see, the markets have been abused and twisted with the lack of proper regulation and allowed abusive actions and entities to run free.
There is a cost to that, and after enough time has past, the whole deck of cards will fall down.
Are we being collective cowards by refusing to man up and recognize that unless we drastically restructure, total failure and restarting is the only option?
Anything else is just bandaids on a hull breach -- useless at best and insulting at worst.
As it stands, we cannot afford not taxing industry, not watching every move they take and scrutinizing it down to the letter.
"Fool me once, shame on you. Fool me twice... you can't get fooled again." -- one of Dubya's better quotes. I think it would be wonderful if we don't get fooled again.
