fishinwrench Posted September 21, 2013 Posted September 21, 2013 Oh no you did not bring up to big to fail! Tell me Al, and excuse me if this comes off rude but its a very soar subject that has hit home many many times. Who is to big to fail the Stock and Bond and Banks and Detroit Auto makers? or the AMERICAN FAMILY? To big to fail! HA!!! Try to big to not keep for Political funding of campaigns! How many small business were not saved? How many small banks were not saved? How about this one FAMILIES who lost everything, houses foreclosed on, Cars repossessed jobs lost! Im sorry the AMERICAN FAMILY should have been to IMPORTANT TO FAIL. Yet it is not governments job to get involved in that either. NO SIR it is not our governments job to decide who is to big to fail or to small to save, government should have let all of it fail, we would have rebounded and much faster than anyone thinks because it would have forced government to downsize and to take actions that benefit small business which is the heart and soul of this nation and always has been. History has shown one thing to always be a constant and true. If you over burden the people with Taxes the country will FAIL. This is the road we are on and have been since the creation of the Income tax and the entitlements programs. Prosperity of a nation only comes when its people are prosperous and the people are not prosperous but they are over taxed. I'd like to give a big HELL YEAH! to that.....But I have to reserve it since it is pretty obvious that the world doesn't "work" the way I think it should/or could. And I have my doubts that anyone else I'll ever fish with has a clue either. Everytime I try to deep-think the problems in society I always come to the conclusion that there is just too many disposable people in the world. I say "disposable" to mean that they aren't valued, just maintained and herded like cattle and hogs. So I just take comfort in the assumption that I am just ignorant and that things aren't truly as they seem to ME.
Mitch f Posted September 21, 2013 Posted September 21, 2013 Trying to be all things to all people has just enclosed us into an ever shrinking jail cell that we built ourselves. Just all part of the big moral failure. "Honor is a man's gift to himself" Rob Roy McGregor
Al Agnew Posted September 21, 2013 Posted September 21, 2013 Look, guys, none of us know exactly what would have happened if those companies had been allowed to fail. We all have our opinions, but you know what opinions are like... Just understand that there would have been consequences to allowing them to fail, consequences that would have affected all of us. Would those consequences have been worse than what did happen? Lots of smart people think so. I think that you who are saying they should have been allowed to fail have an awful rosy picture of what would have happened in that case. You keep bringing up people who are suffering now...I'm saying that a lot more people would have been suffering the same way. Thanks to the lack of regulation and lack of oversight that ALLOWED these financial companies to get that big, and ALLOWED them to do the kinds of things that made them vast amounts of money in the short run but turned out to be horrible for not only their company but the country in the long run, we were left with two choices, both of them bad. Allow them to fail and risk another Great Depression, or not allow them to fail and hope the fallout wasn't too bad. This wasn't a conservative/liberal thing or a Democrat/Republican thing...it was a "what the heck to do we do to keep the --- from really hitting the fan" thing. But it just so happened that the politicians had those extremely powerful lobbies pushing them to do what they did, too. It was a foregone conclusion which way they would go. So stop blaming me for having the opinion that what the Wall Street and financial institution lobbies forced the politicians of both parties to do just happened to maybe be, for once, the best thing they could have done under the circumstances. Blame the system that made the decision necessary, and pushed it in the direction it went.
Flysmallie Posted September 21, 2013 Posted September 21, 2013 That's fine Al, you can have your opinion. Just remember that's it's YOUR opinion and that doesn't automatically make it correct. Â Â
Quillback Posted September 21, 2013 Posted September 21, 2013 I usually don't agree with Al, but I agree with him that we could not let those big financial institutions to go under, it was just too risky to let it happen.
Feathers and Fins Posted September 21, 2013 Posted September 21, 2013 Ill tell you why I do not buy it one bit and even have proof of it and its one word ------- FORD------ They did not take one dime yet somehow managed to come out of all this prosperous and stronger. https://www.facebook.com/pages/Beaver-Lake-Arkansas-Fishing-Report/745541178798856
Chief Grey Bear Posted September 21, 2013 Posted September 21, 2013 Ill tell you why I do not buy it one bit and even have proof of it and its one word ------- FORD------ They did not take one dime yet somehow managed to come out of all this prosperous and stronger. That true about Ford Scott. But they sold off a ton of assets to stay afloat. If it happened again soon, I am not sure the results would be the same. Chief Grey Bear Living is dangerous to your health Owner Ozark Fishing Expeditions Co-Owner, Chief Executive Product Development Team Jerm Werm Executive Pro Staff Team Agnew Executive Pro Staff Paul Dallas Productions Executive Pro Staff Team Heddon, River Division Chief Primary Consultant Missouri Smallmouth Alliance Executive Vice President Ronnie Moore Outdoors
ness Posted September 21, 2013 Posted September 21, 2013 I wonder if there was any lobbying going on from the auto unions? Naw, that's just silly -- the Wall Street guys probably wouldn't let them in. John
Feathers and Fins Posted September 21, 2013 Posted September 21, 2013 Britt, a good many companies did that to stay afloat that never made the news, It is proof a company with a will can find a way. They accepted that key word I keep bringing up RESPONSIBILITY. https://www.facebook.com/pages/Beaver-Lake-Arkansas-Fishing-Report/745541178798856
Chief Grey Bear Posted September 21, 2013 Posted September 21, 2013 No argument there. But what if Ford would not have had those assets to sell? They may have taken a bailout. Maybe not. Chief Grey Bear Living is dangerous to your health Owner Ozark Fishing Expeditions Co-Owner, Chief Executive Product Development Team Jerm Werm Executive Pro Staff Team Agnew Executive Pro Staff Paul Dallas Productions Executive Pro Staff Team Heddon, River Division Chief Primary Consultant Missouri Smallmouth Alliance Executive Vice President Ronnie Moore Outdoors
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