Quote Originally Posted by crustyme View Post


oh really?

i guess your history book is defective then.

penn railroad 1970 $3.2 billion
lockheed 1971 $1.4 billion
franklin national bank 1974 $7.8 billion
chrysler 1980 $4 billion
continental illinois national bank and trust company 1984 $9.5 billion
savings & loan 1989 $293.3 billion
airrline industry 2001 $18.6 billion


again, what i do for a living is none of your business.

Your numbers aren't right. They are close, but incorrect.

See this website for more accurate information:

http://www.creditloan.com/infographi...rate-bailouts/

There is no "right" answer here. You seem to lose sight of the fact that we would have no idea what would have happened without these businesses being propped up by taxpayer funds. As stated by a previous poster the most logical conclusion would be that some other business would have just scooped up it's business plan, with a different model, different personnel, and provided a product or service in it's place. If my company went out of business tomorrow another company in our field would have a fukin parade. That's the crux of capitalism, and 1970-2011 does not make for a span of time throughout our history. Nice try, but again, we fail to see eye to eye.