tag:blogger.com,1999:blog-4206723831883486615.post1721749136146819583..comments2024-01-01T10:52:14.368+00:00Comments on Bristol Dave: Why is "doing nothing" so bad then?Bristol Davehttp://www.blogger.com/profile/13143336218499645984noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4206723831883486615.post-36063194386455432202009-02-20T22:51:00.000+00:002009-02-20T22:51:00.000+00:00Dave just a couple of observations:'Fuck it, guara...Dave just a couple of observations:<BR/><BR/>'Fuck it, guarantee people's savings, and let the banks go to the wall.'<BR/><BR/>In other words, do nothing - but what would be the consequence of this? Wouldn't MORE people lose their jobs in this situation?<BR/><BR/>And not just those in charge of the strategic direction of the banks, but the tens of thousands of cashiers working in the branches.<BR/><BR/>And more to the point, who guarantees the savings? The Government? A rather odd argument for a libertarian isn't it?<BR/><BR/>What about the knock-on effects of a this on the financial sector as a whole? If one bank goes to the wall it makes it harder for others to survive.<BR/><BR/>Even someone with a basic appreciation of economics should understand the negative effects that this would have not just on small businesses but the economic sector as a whole.<BR/><BR/>Also, where is the precedent for this approach?<BR/><BR/>I notice that Obama has just announced a huge stimulus package in America - and as far as I can work out most people argue that stimulus is required at the moment.LDNhttps://www.blogger.com/profile/01644458953430709918noreply@blogger.comtag:blogger.com,1999:blog-4206723831883486615.post-5767564085559467202009-02-17T15:31:00.000+00:002009-02-17T15:31:00.000+00:00I find it hard to believe the bare faced cheek of ...I find it hard to believe the bare faced cheek of failed bailed out bankers trying to justify bonuses " to keep the best staff" when they got us into this mess in the firdt place. Or have I missed something ?bannedhttps://www.blogger.com/profile/02406037760273820029noreply@blogger.com