General Discussion
In reply to the discussion: A question for Obama and\or his supporters here: [View all]coalition_unwilling
(14,180 posts)arguing that banks' centrality to the system is of such a high degree of importance that they simply cannot be allowed to fail. Fair enough. (By extension, you seem to be implying that while individual homeowners' being foreclosed upon is tragic, such individual harm does not threaten the system. I apologize if I am unfairly characterizing your remarks. Struggling with the language to understand the mess myself.)
Please allow me to restate the question once again: why were these banks that failed allowed to remain under private ownership and management and not nationalized and their assets placed under government control and government management?
It seems like the very folks who got us into the mess (the so-called evil 'banksters') are the ones who got rewarded for their perfidy.
Am I mis-understanding something?