Where'd the bailout money go? Shhhh, it's a secret

Its an interesting idea, and if its one that can save us from a complete command and control economy, then I would be completely for it.

 

Right, but the whole point of forcing some banks to take money was to avoid marking bad banks with a scarlet letter F for Failing. So if the Fed decides to allow some banks to avoid a fuller accounting, they've done what they were trying to avoid. They've just given out money to rich profitable institutions.

Hey....

 

The option is for everybody who borrows money to disclose to the general public their loans and investment strategies.

I don't want my neighbors to know the size of my mortgage and its terms. Why should bigger organizations allow the same?

Like it or not, economics 101 teaches that a healthy banking system is key to prosperity. It really sucks when banks make poor decisions and have to be bailed out. But massive bank failures are worse - unless you keep your savings under the mattress. (I'm assuming the critics on this thread were prudent enough to have some amount of savings, right?)

 

If you want money from the bank, you had better show them your business plan and/or investment strategy, or you're walking out empty-handed.

I can log onto a real estate website and find out exactly how much you paid for your house vs. what was asked, I would suppose if I felt like it I could probably figure out your general mortgage information as well