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Reply #13: The reason we bail them is is because their failure would devisate the economy. [View All]

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Ozymanithrax Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-10 12:12 AM
Response to Reply #6
13. The reason we bail them is is because their failure would devisate the economy.
For instance, banks are a required part of a modern economy but concentrating that much money in too few hands creates a danger to the economy we all share and is anti-competitive.

The same is true with Automobile companies. We used to have 20 or more here in the U.S. Now we have three. The real benefit of economies of scale serves investors and owners not the middle class and working class Americans who buy the products and work in the companies.
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