Comments on: Repeal the Bailout http://www.anwyn.com/2008/11/17/repeal-the-bailout/ Sometime editor, all-the-time mother, delivering facts, reviews, commentary, and rants. Occasionally in that order. Mon, 15 Mar 2010 03:21:57 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Anwyn http://www.anwyn.com/2008/11/17/repeal-the-bailout/comment-page-1/#comment-568246 Anwyn Tue, 18 Nov 2008 16:19:57 +0000 http://www.anwyn.com/2008/11/17/repeal-the-bailout/#comment-568246 Are your bank and insurance company likely to, though? There was a lot of panic that I don't believe has presaged very much actual damage. I admit being rather ignorant of finance on this scale, but a couple of banks went out and bought companies in the midst of the "panic." And only one bank actually shut its doors and even it was bought out. The obvious answer is "the bailout staved off any more" but I haven't seen a convincing argument made to that effect. Sorry about the long ride in moderation; I didn't get an email that it was waiting and WP has been kicking things to mod for unknown reasons. I need to upgrade. Are your bank and insurance company likely to, though? There was a lot of panic that I don’t believe has presaged very much actual damage. I admit being rather ignorant of finance on this scale, but a couple of banks went out and bought companies in the midst of the “panic.” And only one bank actually shut its doors and even it was bought out. The obvious answer is “the bailout staved off any more” but I haven’t seen a convincing argument made to that effect.

Sorry about the long ride in moderation; I didn’t get an email that it was waiting and WP has been kicking things to mod for unknown reasons. I need to upgrade.

]]> By: Xrlq http://www.anwyn.com/2008/11/17/repeal-the-bailout/comment-page-1/#comment-567361 Xrlq Tue, 18 Nov 2008 00:02:14 +0000 http://www.anwyn.com/2008/11/17/repeal-the-bailout/#comment-567361 Agree as to auto manufacturers. Financial institutions are a bit trickier, since we all have a stake in keeping them solvent. If my bank and my insurance company go under, my insurance policies and any non-FDIC insured accounts go up in smoke. But if GM goes under, my Chevy will still run. Agree as to auto manufacturers. Financial institutions are a bit trickier, since we all have a stake in keeping them solvent. If my bank and my insurance company go under, my insurance policies and any non-FDIC insured accounts go up in smoke. But if GM goes under, my Chevy will still run.

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