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What Would Happen If There Was NO BAILOUT?
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[QUOTE]Originally posted by Propertymanager: [QB] What would happen if there was no bailout? NOTHING!!! Other than a few bad businesses going bankrupt and a few Wall Street Fatcats losing a bunch of money. In the last few days, I've heard some of the dumbest things said by people on TV. Jack Welsh just said on TV that businesses need loans to meet payroll! That's one of the most idiotic statements I've ever heard. Money for payroll comes from income - not loans (at least in successful businesses!!! Life will go on without the bailout. People will still have jobs. People will still pay their bills. Yes, mortgages may be harder to get for a while. Yes, businesses may have a harder time getting loans for expansion. So what? On the upside, the morons on Wall Street will go bankrupt. We'll send a powerful message to businesses in the future that reckless businesses will NOT be bailed out! Home prices will continue to drop until they come back to reality. People with bad credit will no longer be able to get loans. Lots of good things will happen!!! [/QB][/QUOTE]
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