Yes. Bankruptcy and the threat of bankruptcy would have quickly resulted in a painful but necessary reallocation of resources from insolvent institutions run by idiots to more stable and better run institutions. Instead, the government is presently reallocating resources to the insolvent insitutions, thereby delaying necessary consolidation at best and creating zombie banks at worst.
I say this is as a proud CitiGold member. David Shemano --- Original Message--- To: <[email protected]> From: "Charles Brown" <[email protected]> Sent: 1/13/2009 1:01PM Subject: [Pen-l] Would bankruptcy have been the best for the banks ? >> Question for Dave S.: Should those big Wall Street >> banks have been allowed to go bankrupt ? >> >> Charles >> >> >> >> This message has been scanned for malware by SurfControl plc. >> www.surfcontrol.com >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l >> _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
