The $700bn USA bank bail-outNo matter what all the experts had to say in favour of the Paulson bale-out plan, how does smallish individual piles of rubbish improve by being placed together in one big pile? If there might be profit to be made from the big pile eventually, then the same would happen to a small pile – wouldn’t it?
The big argument in favour is if the rubbish is taken from the banking world then that world will suddenly free itself up. I do not think so, there is too much fear and mistrust about
The taxpayer versus the shareholder will continue to rage but in the end shareholders are taxpayers and when the common man goes bust, there is only the State left to pick up his financial burden. But it does seem better to have the taxpayer pick up the bill gradually over time than in one big lump (ie pile of rubbish)
jgs-2008
