Obama should have partially nationalized any banks that wanted a bail out. Banks are an essential service so there is no reason the govt should not get involved.
Want $2 billion? US govt gets $2bil in stock of your bank. They were absolutely over a barrel and would have taken the deal.
It would have been even better to let them suffer the consequences of their decisions. I am not buying the whole threat to the economy nonsense. That is just propaganda used to convince us it was necessary.
Obama should have partially nationalized any banks that wanted a bail out. Banks are an essential service so there is no reason the govt should not get involved.
Want $2 billion? US govt gets $2bil in stock of your bank. They were absolutely over a barrel and would have taken the deal.
It would have been even better to let them suffer the consequences of their decisions. I am not buying the whole threat to the economy nonsense. That is just propaganda used to convince us it was necessary.