Bernanke, Bush and others are urging Congress to take action to approve the $700 billion bailout...which would provide capital to financial institutions who are trying to write off all the bad debt on their balance sheets....so the question is...
Should the Govt. bail out these companies to help provide some stability to the economy by increasing liquidity and assumptively helping economic growth through increased confidence, lower mortgage rates and increased lending to buy all these houses...
OR...
Should we let capitalism work its way through the markets...the survival of the fittest, companies that were prudent with their balance sheets will aquire and survive, those that didnt will fail or be bought...
What DO YOU THINK?
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1 comment:
it's the new communism!
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