[网客JT]

You'll find solace only from your own prayers .... the world is a cold cold place ... damningly cold ...

While their solution definitely sucks -- you are not alone in disliking it, your solution (if that can be called a solution) simply has more opponents.

From two angles:
1) ideology-wise, many people still prefer capitalism over socialism -- we don't have to argue here which is better or worse, we just have to acknowledge the fact ... well, we don't have to we can always deny reality or invent our own facts ...

2) operation-wise, how to nationalize? hire whom to manage all these banking business and/or toxic asset business? -- there are not enough saints like you in the American land, who put other people's interest above their own well-being.
Those chosen to represent the gov to buy toxic assets from banks, may commit even worse crimes due to either incompetence or greed than the private bankers -- you believe otherwise? If you were to establish a new department to manage nationalized banking, who will you hire to head that department? what authorities will be given to that department? how many personnel will that department have? what's their organization structure? how much supervision do they have over banks (now owned by them) daily activities? --- you are proposing an US version of 国资委， right? If you are remotely aware of how the political machine (or: structure of governance) works in the U.S., you know what kind of political process you're implying.

So you can choose to believe nationalization is better, but others may instead believe: 1) it's not a better system; 2) it's not operable in the current environment as it can't attract enough qualified yet altruistic bankers to work for the government.


folk-wisdom:

Damn！can't live with 'em, can't live without 'em!

quiz: "'them" refers to what in the above sentence?



Have a good day! The earth has not been flat, the world has not been perfect, so far.

作者：网客JT 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com