Does Anyone feel like Bailing

Originally Posted by classicman

Let them fail and actually put the fooking bastards in jail and take every penny they have.

Letting banks fail has a significant adverse impact on the credit market and the economy as a whole. The solution, IMO, is to have them pay for potential failures up front, with guarantee funds. Aside from that, you cant put the bastards in jail if they dont break the law...that is why we need new laws.

Good luck with that. Aside from regulating everything to the point of nothing getting done, there is going to be some level of corruption/shadiness. What amount is acceptable?

We're talking about regulating the mostly unregulated derivatives market, credit default swaps and hedge funds.

I dont know how that translates into getting nothing done.

And because there will always be some level of corruption seems to me to be a poor excuse to not regulate. There will also be crime and unethical practices in any industry (and in crime and shadiness on a personal level). The goal of laws and regulations is to minimize the opportunity for illegal and unethical actions and maximize the penalty.

This is the easiest one of all. Do not force lenders top qualify those that will not be able to afford the loan.

Sub-prime lenders were not forced to quality loans to those who could not afford it...they willingly offered loans to persons they had reason to suspect were not qualified.

This too should be regulated.

Why?

Agreed...there is obviously no interest in further discussion.