This article states pretty clearly the insanity that these bailouts with the Troubled Asset Relief Program.  Why do we keep companies and their incompetent managers in business.  This crap about systemic risk and that we can’t afford to let business fail is ridiculous.  I’m not saying that a failure of a company like Citi or B of A wouldn’t cause issues, however aren’t we just pushing out the inevitable.  If the CEOs and board of directors can’t run the company now why will they be able to in the future.  This circumvention of capitalism drives me nuts.  Liquidate the assets to people who can manage them and let’s move on.  Click here to read the article.

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