We should have let the institutions fall and their investors become penniless. Ideally, it would have let investors know we won't bail out idiocy and so be more careful about investing in the future.
CR
Re: Regulating Fannie and Freddie
We should have let the institutions fall and their investors become penniless. Ideally, it would have let investors know we won't bail out idiocy and so be more careful about investing in the future.
CR
Ja Mata, Tosa.
The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail; its roof may shake; the wind may blow through it; the storm may enter; the rain may enter; but the King of England cannot enter – all his force dares not cross the threshold of the ruined tenement! - William Pitt the Elder
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