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Why can banks make bad decisions and not be responsible?

If I ran a company and chose to take risks that end up in my failing, is the government going to be called to bail me out? Is the Bush administration and the democratic congress the ones who took part in a free market economy and instituted predatory lending that did not pay off?

Asked By: Jim J - 9/18/2008
Best Answer - Chosen by Asker
Why does the government bail out the BORROWERS that could not afford the loans? The answer to my question and yours is the same. Because too many people believe it is the governments job to 'fix' everything that happens in the US. In reality, MOST of what needs fixed was CAUSED by government attempts to fix a... More
Answered By: STEVEN F - 9/18/2008
Additional Answers (1)
Those that don't learn the lessons of history are doomed to repeat the same mistakes. You would have the government stay out of the way and let the free market run its course... More
Answered By: Jeff T - 9/18/2008
 
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