European Tribune - Comments - Euthanize Wall Street to save the economy

Euthanize Wall Street to save the economy | 24 comments (24 topical, editorial, 0 hidden)

Re: Euthanize Wall Street to save the economy (none / 1)

Because that would have been a knock-on failure of two banks and the "oh shit!" effect might have been too much?

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Wed Apr 16th, 2008 at 12:31:35 PM EST
[ Parent ]

Re: Euthanize Wall Street to save the economy (none / 0)

It might have resulted in a stock market crash, in all likelihood, but would we not have eventually returned to valuation based more on fundamentals rather than animal spirits? The market crashed in 1987, and we're still alive.

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Wed Apr 16th, 2008 at 12:35:04 PM EST
[ Parent ]

The market also crashed in 1929... (none / 0)

... and an awful lot of people are not alive today partly because it did.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Apr 16th, 2008 at 01:30:45 PM EST
[ Parent ]

Euthanize Wall Street to save the economy | 24 comments (24 topical, 0 editorial, 0 hidden)

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