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In reply to the discussion: Iceland Was Right, We Were Wrong: The IMF [View all]JDPriestly
(57,936 posts)51. We may well have a repeat of 1929 yet -- and it will be far more painful
than it was then.
The banks are far too big too fail. They were before 2008. They still are.
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And how many people were screaming that bailing out these parasites without extracting huge
Egalitarian Thug
Aug 2012
#11
I do not believe that the world would have ended had there been a reasonable bank and market
amandabeech
Aug 2012
#61
Assisting responsible homeowners with their house payments wouldn't have created a run on the banks
Blanks
Aug 2012
#44
Probably at the annual Third Way Anti-Social Justice Movement convention on K St.
Zorra
Aug 2012
#25
Even more precisely, Iceland was wrong.. like us.. FIRSt, then fixed it.
progressivebydesign
Aug 2012
#36
As I recall, no one said a meltdown was impossible, because no one saw it coming.
Honeycombe8
Aug 2012
#67
The need for a banking system is not the same as the need for the current cast or SOP
TheKentuckian
Aug 2012
#57