Quote:
Originally Posted by sugarpop
I never agreed with the bank bailouts. I DO agree with the stimulus. AIG just makes me see red. I think they should just go down, along with some big banks. In fact, I think too many corporations have gotten too big. They should be broken up.
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A few could do with being shaken down, its true. I would tend to think that any single corporate or banking entity large enough to pose a threat to the economy should a run on them happen (like with Citigroup, for example) is probably too much power in the hands of too few. I'm not entirely sure the benfits outweight the particular costs when it comes to the investment giants, at least those who play it fast and loose with everyone's money.
But apparently such companies are "too big to fail" and we should not worry ourselves about such things. Or so I was told when I asked about the potential risk, a few years back.