US: Enough of the bailouts kiss the banks goodbye

Yet another article based on a fundamental misunderstanding on what the bank bail out is really for. It is not to get the banks lending like the good old days. The point of the bailout is to prevent the banks completely collapsing and bringing most of the modern economy with it. Period. A good old fashioned banking crisis.

Ah, but those things only happen in countries with crony governance, weak regulation, excessive deficits, over-spending on the military, and a poor balance of trade… oh. Next up after the banking news, a currency crisis special…

Yeup…like Germany and Japan…