Where is the meat for the taxpayers in the bailout or Zombie banks Bailout ?-Robin Trehan

Jan. 22, 2009 - PRLog -- Where is the meat for the taxpayers in the bailout ?  It is funny but I think there is a huge demand for bank bailout insurance which everyone needs to take to save and pay for the garbage. Creating a “Bad bank” to aggregate all the losses and pass it on to person on the main street is beyond common sense. “Bad bank” is bad; how is it going to become good!

Nationalization is only way out. If the person on main street has to take the “bad bank” on his head, at least give him the ownership of it. Financial institution are backbone of credit but it will be unfortunate if we are saving Zombie Banks as it will only linger the pain.

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