It looks like I might be in a minority here in thinking that a massive bailout to prop up the banking and financial industries is far better than the alternative. In the interests of science or possibly, more accurately, because I'm curious, I thought I'd launch a poll to see what people really thought.
You'll find it over on the right hand side;
What do you think of the US bailout plan?
- Good idea - it's a necessary measure
- Only if funded by a tax on the very rich - otherwise no dice
- There's no need for it - things aren't that bad
- Absolutely not - it will make things worse
- Don't know, could be the right thing
- Don't know, but it feels wrong
Annie Leonard and co. (
Adrienne Mayor (
Ed Howker and Shiv Malik
Floella Benjamin (
Mark Watson (
Tim Jackson (
David Wilson (
Clive Lord (
Nickie Roberts
4 comments:
You're not alone. I think a bail out is needed, as a short-term fix. But only if the process of better regulation starts with it. I just haven't quite worked out what better regulation would mean yet...I need a crash course on economic theory.
They can have a bail out, just so long as the executives pay back any bonuses that they've had for the last three years, which they clearly don't deserve seeing as how they have run their banks into the ground.
I think that a root and branch restructuring of financial systems is needed in the long term.
Let the market sort it out?
Post a Comment