Re:Bankruptcy, not bailout, is the right answer
by TrevorJ on Tuesday September 30, 2008 @02:08PM
(#319844)
In one sense, the current situation is a product of too little government enforcement of antitrust laws. The whole point of keeping the marketplace free of monopolies is so that one or tow companies can fail catastrophically in any given sector without collapsing the sector as a whole.
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Re:Bankruptcy, not bailout, is the right answer
by jsmcgd on Tuesday September 30, 2008 @02:53PM
(#319888)
I totally agree. Government in generally is very good at introducing new laws whilst being not very good at enforcing the laws they've already introduced.
Re:Bankruptcy, not bailout, is the right answer
by Prrometheus on Wednesday October 01, 2008 @12:47AM
(#320385)
There were hundreds of mortgage lenders 18 months ago - not exactly a consolidated industry. The problem occurred when they all went under.