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Re: nlightn post# 36126

Thursday, 10/02/2008 7:25:39 AM

Thursday, October 02, 2008 7:25:39 AM

Post# of 72982
Thanks for the link. It speaks volumes when it's our government pushing on a bailout yet the voters and economists are saying "NO."

Let the banks fail. People with mortgages in good standing still have to pay the note whether their bank switches hands or not under bankruptcy.

So banks have to sell their assets to another. Big deal. In the end, the only thing that will happen are a few CEO's will lose their jobs. A lot of the other workers may keep their jobs through a transitional exercise.

How pissed off will the voting public be if the bailout doesn't pass and most of the "troubled" institutions somehow make it though. LOL!
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