Should the fed take over Citi-Group And Boa

[2wheel]

I say yes and let the others compete with the federal goverment banking system...

[fused]

No, the Feds shouldn't, but I'm sure they will.

[Anonymous]

Let's see, do I want the people and system that run Social Security, IRS, Medicare, FEMA, EPA, etc. dealing with all our personal monies?  Umm, I think not. Is that what we've been teed up to accept? Definitely.

[marty56]

I would love to see the fed take over BofA and run it into the ground.  LOL maybe my BofA TL would go with it as well or the CSR who told me my 120 day late was just a "sting" would loose his job.

[Anonymous]

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@fused wrote:
No, the Feds shouldn't, but I'm sure they will.

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Should they and will they are two entirely different questions, and I agree with you that there are two entirely different answers.

[MidnightVoice]

I guess the real question is what is best for the economy - a temporary takeover or just letting them crash and burn

[Anonymous]

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@MidnightVoice wrote:
I guess the real question is what is best for the economy - a temporary takeover or just letting them crash and burn

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We bailed out GM and Chrysler, and they are both still crashing and burning. Ford is hanging by it's fingernails, albeit a little more sound than the other two. All the bailout packages are merely installments. Until they stop payments, the bailouts will continue.

[Anonymous]

I don't profess to be an expert but it seems to me like there was already a system in place to deal with financially ailing entities be they manufacturers, banks or brothels.

Bankruptcy, in it's various forms has been taking care of these situations for a long time. Not trying to be political but I don't like the way this is going regardless of who is steering.

Perhaps this is a question that no one has the answer for, yet.  (yet = positive spin)