Why Is Due Process a Big Problem for Banks? | The Big Picture
"I disagree. We still have the option of doing what should have been done on the first place: The next time they come to the taxpayers begging for a bailoutm we go Swedish on them: Pre-packaged bankruptcy, fire management, wipe out shareholders, haircut bondholders, erase all of the outstanding debts and toxic paper.
He ends the article with this bon mot:
Banks: We canít live with them, and we canít live without them. It stinks, doesnít it?I would rewrite that:
Banks: We donít have to live with them in their corrupt, incompetent form, but we canít live without them. So we best clean uo the mess before these bastards cost taxpayers yet another trilliomn dollars . . .">