receivership and nationalization

throwing government money at financial institutions that are insolvent simply gives taxpayers a loss that should be borne by the bondholders of that financial institution. I can't stress emphatically enough that the largest bank failure in U.S. history – Washington Mutual – was arranged last year with absolutely NO cost to the government, and no loss to the bank's customers.

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• that is right and wrong, not Ideology -futufutu- ♂ (194 bytes) () 02/23/2009 postreply 14:29:00

• there is why GOP and Democrat -futufutu- ♂ (232 bytes) () 02/23/2009 postreply 16:54:51