BOA no list

[maat55]

Boa will not turn over a list of who was given bonuses.

It was stupid for the government to give them money(Hastily), without just taking them over.

IMO, you give them nothing or nationalize them. Governments attemp to fix the banks and auto makers has been futile. As I suspected, we are just subsidizing big businesses with bad business plans.

[GREENBACK]

I think it has to boil down to nationalizing then or letting them fail. Neither idea is favorable but it's got to be better than continuing to throw money at companies that are losing BILLIONS monthly.

[maat55]

I think it has to boil down to nationalizing then or letting them fail. Neither idea is favorable but it's got to be better than continuing to throw money at companies that are losing BILLIONS monthly.

I agree. Question is which one is better longterm?

[GREENBACK]

It's a fairly scary thought either way and I certainly can't provide the answer. I think that if they fail what will rise from the ashes will be a much stronger and better entity but how long will it take for that to occur. If they nationalize them I see a far weaker system than you might have otherwise but their "recovery" might be quicker. I think it's a rock and a hard place decision.