Common Sense on Bailing Out the Banks

The story from ... the Bush Administration — that SOME banks can’t be allowed to go bankrupt — does NOT stand up to scrutiny. The government should be using taxpayers money to create an Alternative bank to loan to US businesses in order to REPLACE – not preserve — the institutions whose stupidity/corruption/irresponsibility caused this mess. Any GS13 could run a bank far better than our Titans of Wall Street. Plus there are a number of banks which still have good credit ratings.

3) The economy is going to crash because the politicians are wasting $Trillions of our dollars on paying off gambling debts — instead of using limited capital to fund real businessmen who make real products that we need to live.

Related-- "Wall Street Voodoo", Paul Krugman.