if the fed dun bail those financial institutions, more of them
may fell.. (bear stearns, lehman)
if that happens, more ppl will lose their jobs... and its not
just america... some of those institutions have got offices in
singapore too... and the ppl employed is not just a few.. its
in hundreds....
better to go into further deficit (they are already deep in
debt.. wats a few billion bucks more?) than to have a big scale
recession =\
looks like usd will go down somemore.....
On the other hand, bailing out will only increase competency of top
mgts in those financial institutions, the decision makers must
answer for their own mistakes and take the blunder of fall. By Fed
Reserve spoonfeeding, they just relax and careless about the
future, afterall, over the years, they personnally had built a
sound financial wealth with those fat bonuses and high
paid.
The capitalist market should be left alone to figure itself out,
if it is down, so be it, for without a downturn, how can there be
an upturn on a bell curve, we therefore must let the market takes
it natural course, after all, these are flaws in a democratic
capitalism society which many fail to realize.
