http://www.beerdrinker.org/2008/11/26/devaluation-good/ Beer is Good Sun, 04 Dec 2011 22:21:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.beerdrinker.org/2008/11/26/devaluation-good/comment-page-1/#comment-416909 loan modification addict Thu, 29 Jan 2009 03:14:57 +0000 http://www.beerdrinker.org/?p=728#comment-416909 devaluation is never good. unless your on the other country. devaluation is never good. unless your on the other country.

]]> http://www.beerdrinker.org/2008/11/26/devaluation-good/comment-page-1/#comment-416894 Paul Fri, 28 Nov 2008 18:39:30 +0000 http://www.beerdrinker.org/?p=728#comment-416894 I don't know how I feel about your idea, Rick. But I do think the bank bailouts were necessary. The bailouts didn't just provide the financial institutions with cash to loan out; they kept those banks and other financial institutions from failing. I agree that the lack of control over what this money (i.e., our money) is frustrating. But I think it's better than the alternative -- widespread bank failures and the resulting panic. I don't know how I feel about your idea, Rick. But I do think the bank bailouts were necessary. The bailouts didn't just provide the financial institutions with cash to loan out; they kept those banks and other financial institutions from failing. I agree that the lack of control over what this money (i.e., our money) is frustrating. But I think it's better than the alternative — widespread bank failures and the resulting panic.

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