S&L Crisis and the RTC

Discussion in 'Economics' started by KINGOFSHORTS, Feb 27, 2009.

  1. OBAMA fucked up and sold out.

    We could have done the right thing like during the S&L Crisis and just liquidated all these banks, chop chop chop, have the FDIC insure the money then open up a new RTC and put all these assets in. Sell them over a period of time and you will see things in much better shape.

    Instead its the nationalize losses and change the story on a weekly basis. + Increase taxes,health insurance,etc.

    Dow and S&P has voted.