Opinion on bank bailouts.

Posted by: xhammy

The bank bailouts bailout bankrupt banks to prevent parts of the economy from briefly going under at the cost of tax payer dollars and banks learning its safe to make bigger risks.

Vote
7 Total Votes
1

Its a bad idea! (I'm Republican and I hate it!)

3 votes
0 comments
2

Don't like it (Other party or would not like to disclose)

3 votes
0 comments
3

Do like it (Other party or would not like to disclose)

1 vote
1 comment
4

Its a bad idea! (I'm Democrat and I hate it!)

0 votes
0 comments
5

Its a good idea! (I'm Republican and I like it!)

0 votes
0 comments
6

Its a good idea! (I'm Democrat and I like it!)

0 votes
0 comments
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(Maximum 900 words)
russian_metaphor_man says2015-06-25T02:34:51.3456005-05:00
Another failure that is the result of capitalism
xhammy says2015-06-28T17:04:26.3225695-05:00
Bank bailouts are not capitalism. By the definition of capitalism "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state." the state controlled bailouts make it not capitalism. It makes it socialism, or literally anything but capitalism once the government or state steps in to control it and prevent failure. This is a perfect example of why socialism does not work.
Renegader says2015-06-28T17:05:09.9918096-05:00
Yeah it really is the opposite of capitalism
russian_metaphor_man says2015-06-28T17:10:16.7403110-05:00
The bank that gets so big that it needs to be bailed out otherwise it cripples the economy, that is due to capitalism
Renegader says2015-06-28T17:16:57.8699299-05:00
Your logic makes no sense. Capitalism would say that the bank should go bankrupt because it is inefficient in the free market. No government intervention in the free market is capitalistic
russian_metaphor_man says2015-06-28T19:20:52.6604517-05:00
No they get too big in the first place to many people invest money in the bank, the bank then forecloses, everyone's money gone. Big banks thus big banks going bust are a result of free market
xhammy says2015-06-28T20:09:06.7349581-05:00
Bank is going to fail: Let it fail. Let it die. Do not institute socialism and call the failure capitalism.
russian_metaphor_man says2015-06-28T21:51:00.9278592-05:00
Ill do whatever I want
Paulanater62 says2015-06-29T01:57:58.5959058-05:00
They do not deserve it and I hate that it's necessary, but unfortunately no big banks means no economy and no liquidity in the stock market. We are better off with them than without them, as they are responsible for much of the circulation of our currency. "Necessary evil" comes to mind. I am ordinarily a Capitalist and am fully aware this is a Socialistic opinion, but it is unfortunately an accurate opinion. It is not the fault of Capitalism that the banks failed, as a matter of fact it is the Government's fault for endorsing clearly faulty mortgages that caused the economic crash. (government endorsement of anything points to socialism.)

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