>>>http://www.guardian.co.uk/commentisfree/cifamerica/2010/sep/28/us-foreclosure-fiasco-banks
>>>
>>>I really wish all the bail out money had gone to business and not to banks. This is true in the UK as well as the US. In a free market badly run businesses should fail.
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>>In general I agree with you. In 2008 I believe the "too big to fail" argument was correct. Given the interconnectedness between incredibly large financial institutions, there could easily have been a domino effect. To me the remedy is what Paul Volcker (former U.S. chairman of the Fed.) advocated -- don't allow banks to engage in risky investment activity. Presumably insurers like AIG would fall in the same category. We need some rocks we can count on. If the Lehmans and Goldman Sachs of the world want to lose their a**es on wild investments, let them. And they take full responsibility for the results, good or bad.
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>>Bankers being bankers, which is to say lizards, they successfully watered down the financial reform bill and continue to work on watering down the rest. Even after what happened two years ago they want it to be business as usual.
>
>That bailout money could have been sent on infrastucture improvements and (god forbid) tax cuts. Giving it to the banks they may as well dig a big hole and bury it.

Has everyone already forgotten the tax rebates of the Bush years???? They did that here.