first, most the executives are already gone, if you

care reading newspaper. second, the gov't will set up a bad debt bank to handle the bad assets using a method calling reverse auction. so it is not that they are going to bail out everybody and every bad asset. they will also be monitored by a committe. third, the very reason that the gov't needs to come up with the money to bail out the banking sector is b/c the credit market is drying up. without lending, the first getting hurt are the small mom and pop shops. then the samll corporations. then the larger coporations. this is what happened in the 1929 depression. this is not something the Fed or Paulson came up with. this is how the financial system works. in 1930 the gov't didn't step in and let the financial system fail. it took more than a decade for the economy to recover. the unemployement rate was extremely high. I don't think you want a depression.

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also, in the past the gov't had done something similar -洋葱头儿妈妈- 给 洋葱头儿妈妈 发送悄悄话 洋葱头儿妈妈 的博客首页 (749 bytes) () 09/25/2008 postreply 07:46:18

回复:also, in the past the gov't had done something similar -贴心宝贝- 给 贴心宝贝 发送悄悄话 贴心宝贝 的博客首页 (1785 bytes) () 10/08/2008 postreply 14:25:49

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