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Surely the "magic of the markets" is what is needed here?  Let failing banks fail and let them be replaced by more prudent banks and banking practices.  Why should "prudent" institutions be punished and disadvantaged by Billions being given to their competitors?

Vote McCain for war without gain
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon Sep 22nd, 2008 at 11:12:36 AM EST
[ Parent ]
Do you mean "creative destruction" doesn't apply to financial institutions?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 22nd, 2008 at 04:24:43 PM EST
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