Another Lie, oh the hypocrisy!

[ccbatson]

That was the erroneous argument...however, failure of the weak and terminally flawed is necessary for eventual recovery. Bailouts extend, amplify, and prolong the flaws.

[Lorax]

Is this analogous to me having you on the ropes? Childish nonsense?? That is all you have?

More like soap on a rope. Better hold on, Batts.

[Lorax]

That was the erroneous argument...however, failure of the weak and terminally flawed is necessary for eventual recovery. Bailouts extend, amplify, and prolong the flaws.

So you'd agree with us "libs" that Goldmine Sachs and the rest of Wall Steet should have been allowed to go belly up?

Thrill me with your acumen.

[ccbatson]

Yes...on that I agree [[always have, and clearly said so).

Of course, Obama strongly disagrees with us on that front.

[Lorax]

WELL!

Chalk one up for agreement between Lorax and Batboy.

I say all white-collar, shower-before-work companies that took bailout money should be cut free, and allowed to sink [[or swim) on their own.

Continue supporting manufacturing shower-after-work companies, and nationalize the banks, while stripping bank-status from Goldmine Sachs and others who are nothing more than modern-day carpetbaggers.

[ccbatson]

So you also oppose the current and upcoming bailouts...like the 800 Billion being sought by Freddie and Fannie over the next 2 weeks....800 BILLION!! For 2 corrupt and failing entitlement programs propped up by Barney Frank.

[Lorax]

Well, so much for sustained agreement.

No, Fannie and Freddie were never the problem- they were allowed to play only because RETHUGLICAN policies removed Glass Steagall and forced their hand to compete against private enterprise.

[elganned]

And, lest we forget, Fannie and Freddie only accounted for 20% of the "junk mortgages" which underpinned the financial collapse--the other 80% were issued by private companies and non-bank entities.

Guess it was inevitable that the Invisible Hand turned around and bitch-slapped them. Problem is, all the rest of us were collateral damage.

[ccbatson]

Even worse...800 billion for 20% of the market.