Think of the mess we are in akin to cancer.
In order to preserve the body, we need to have some aggressive chemo (like this bailout) to wipe out the cancer that is dispersed throughout the entire system.
Without the chemo, the body will succumb to the cancer and perish.
We can point the finger and place blame later, but this is NECESSARY to keep going.
I think what was done with AIG should be done to Goldman, JP Morgan, and any other institution that will stand to get a clean slate from the government intervention. 80% equity stake with tons of warrants in exchange for the purchase of the bad instruments.
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