Replies to post #682275 on Zeev's Turnips Patch-No Politics (ZEEV)

[Taxmantoo]

Now I understand that the Governement had to step into the system a few years ago to restore confidence,

If they wanted to restore confidence, they could have had the FDIC take over the failed banks, nationalize them until they got back on their feet, and then IPO'd them. Then we would see that the punishment for running a 'too big to fail' company into the ground was that you lose your job and the shareholders who hired you lose their company.

Instead, we learned that if you are big enough, you can make system threatening trades and the taxpayers will reward you by paying for your losses. That made me lose what little confidence I had previously held in my so-called 'government'.