Originally posted by Savaric
All this talk of economic tailspin is because a lot of the big money that runs this country stands to lose a lot. Fuck them. It should set off alarm bells when a couple of companies collapse that the entire country risks economic corrosion. These corporations are so freakin' huge they endanger our economy?
The problem is, a huge chunk of these corporations are banks, mortgage lenders and financial investment firms. This means, if they go down the drain, most of their assests do also.

Are you personally going to be happy when your 401K and the deed to your house are now owned by a Russian oligarchy that bought the assets in the ensuing firesale, especially when they decide to onsell them or force you to forfeit? Now, multiply that impact by a hundred million people.

I am in no way absolving the horrible risk assessment that was performed on these types of investments, but am saying that if you let these companies fail, then the economy will fail. Unless you own all your assets outright, Financial Institutions ARE the economy.