The loan bailout – were there any alternatives? ?

2 Responses to “The loan bailout – were there any alternatives? ?”

1. Widget Maker says:

   October 3, 2010 at 9:17 am

   Could have let the banks fail.

   Then we could start over from scratch now instead of waiting three years to hit bottom.

   Of course there will probably be less rioting this way.
2. photo_burn says:

   October 3, 2010 at 9:55 am

   Unfortunately, this is sticking tooth picks under a house built on sand. The longer we try to prop up this disastrous economy, the harder we will fall.

   The fall is inevitable, in my opinion. We could have gotten away with a nice, little recession, but now we are headed for a deep depression.

   The bailout will only prolong and exacerbate America’s pain.

   You may not like this particular source, but Ron Paul has suggested alternatives to the bailout. He is very well-learned in the Austrian School of Economics; he saw this catastrophe coming years and years ago. It’s at least worth the quick watch.

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