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Reply #49: Paul Krugman gave the economic reforms a thumbs up [View All]

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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-27-10 01:53 PM
Response to Reply #48
49. Paul Krugman gave the economic reforms a thumbs up
which is good enough for me. Still, we do need to see what comes out of conference. As for letting the banks fail to teach them a lesson, it just wan't going to happen. Rest assured in good times and bad the rich always come out on top. So the people that would have been hurt, had the banks not been saved, would have been the poor and middle class (just as it has been through out man's history). As for banks learning lessons, that will simply never happen. Banks are about short term profits by whatever means possible. Only regulations, like the ones being passed (and hopefully more in the future) will prevent a repeat of what happened.
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