medicineman
New Member
....
Learn your history.
After solving the immediate problem FDR came up with a long term regulatory solution so that history couldn't repeat itself. The law was called Glass Steagall.
http://en.wikipedia.org/wiki/Glass–Steagall_Act
Then in the 90's we removed those safe guards and repealed Glass Steagall with the Gramm-Leech-Bliley Act.
http://en.wikipedia.org/wiki/Gramm–Leach–Bliley_Act
That is how too big to fail happened. So yes, FDR did engage in bailouts. But then he immediately fixed the problem and we were good for the next 60 years. Then idiots pushed deregulation as a way to grow the economy resulting in economic collapse and too big to fail.
You know Dan, a wise man once told me that arguing with idiots kinda makes one an Idiot oneself. Of ourse I never listened to wise men and continue to argue with these libertarian (Teabagger retards) untill I just can't take any more bullshit, then I humbly retire to my undisclosed location in a bunker 800 feet beneath Cheneys bunker. It's like arguing with a rock.