To let the banks fail means wiping out the investments of the stockholders completely. Will Congress champion capitalism and let the banks fail, or will they rush to the rescue of their Wall Street benefactors from self-inflicted ruin? Either way, they're looking at "Socialism!"
Moody’s Downgrade Based on Irrational Fear
Posted On Thursday, September 22, 2011 By Grand Nagus. Under Economics, Original Context, Politics & Policy Tags: Bailouts, Banks, Capitalism, Economics, Moody's, Politics & Policy, Wall Street
To let the banks fail means wiping out the investments of the stockholders completely. Will Congress champion capitalism and let the banks fail, or will they rush to the rescue of their Wall Street benefactors from self-inflicted ruin? Either way, they're looking at "Socialism!"
