Quote Originally Posted by Jarvan View Post
It's sad, but I have to agree with you. "Communities" need oversight from the government. Tho they DON'T need the government to be so far up their ass that they can check for colon cancer.

Banks need some oversight so they don't do stupid things... but they don't need the government backing up whatever they do. If a bank fucks up, it should fail. Same as any company. Same with the auto companies. Sorry.. but it's fucked up that the government would put my money on the line for X, and not Y. Why didn't the government step in and make sure Joe's Deli didn't go under? EVERY company should be allowed to succeed or fail based on their own merits, not interference by the government. All the government should be doing is making sure they all play fair.
I agree in principle, but the issue is "too big to fail." If these larger institutions do get themselves to a point of failing, they take so much down with them when they go that the results are catastrophic. I'm not sure what the solution is.