| Re: Financial Sector self-destructing |
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Group: sci.econ · Group Profile
Author: anonanon Date: Mar 29, 2008 11:02
"Canuck57" unixhome.net> wrote in message
news:ECtHj.133413$pM4.120298@pd7urf1no...>> I think a better idea would be to have NO lender of last resort.The last
>> resort should be bankruptcy, just like in any other business.
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> Insightful.
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> If they just let that happen, the problem would have solved itself in 6
> months.
>
the last time they let the problem get so big and then "sort itself out", it
took more than a decade and a world war to reset the animal spirits.
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