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>The nation decided to kick the can instead of taking it's medicine and allowing the bankruptcy, receivership chips fall where they may and as such we have made a bad situation worse. To suggest further spending is the cure is by Einstein's definition, insanity.
Not only bankruptcy, but also jail sentences for major fraudsters.
Virtual Reality/History Question:
Q1) If police rounded up Wall Street with barb wire back in 2007, then some dreadful Judge went inn and gave
every higher positioned Wall Street Executive 15 year jail sentence up front (like guilty til proven innocent), what would be the the judge's error margin ? (how many of those would manage to prove innocence / reduce sentence) ?
Q2) If every troubled big bank or insurance company was let to fail back in 2007, (eg. execs got jail time instead of bailout) what is the percentage of population that would be affected as in lose their jobs, houses, go bankrupt, or jailed ?
If any of above questions ever had any resemblance with reality, then maybe those 'recovery' figures that they claim nowadays
would have been real as well. {g}