How is the bailout anything more than extortion by the banks? Cant they provide liquidity by monetizing IOU’s?

Question by sucker4lush: How is the bailout anything even more compared to extortion by the financial institutions? Cant they supply liquidity by monetizing IOU’s?
And exactly what’s the point of banning Golden Parachutes, when the Pump & Dump CEO’s have already landed in theirs?

62 Billion makes for a soft getting doesn’t it?

Best answer:

Solution by Isn’t really it good?
Sure the banks could issue brand-new bonds. However that will acquire these bonds?

Are you visiting acquire a bond from a bank that just went under? Most likely not?

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