http://www.democraticunderground.com/discu... Banks and businesses die all the time. We, the People create what we need to govern and support ourselves. If these institutions, including government, don't work, we change them or at least we change the managers of government and institutions.
In 1980 We, the People bailed out the Chrysler Corporation for a couple of billion dollars. Lee Iococca and Chrysler paid back the loan ahead of schedule and also paid almost half a billion in interest to the US Treasury - to us, the people.
We need banks to help us manage our business or financial needs. We need businesses, large and small, to provide varied services.
Bailing them out serves us, whether we realize it or want to admit it or not.
70 banks dying in 2009? That's gruesome, and real. And businesses going belly up? I don't even want to look at those numbers.
