"There was an economist out here a year or so ago who recommended exactly this. Instead of giving billions to bail out the banks whose CEOs were only interested in their bonuses for lending record amounts of money,and didn't care what happened."
Jon Stewart of the daily show raised the same question. I got the answer from some of his guests and HBO's "Too Big to Fail" move. The Americans couldn't do that because it is against the constitution. In other words, politic was in the way". They need someone to distribute the funds (provided by the govn) and that's where the banks should have played their role. to lend out the money to the public and lubricate the economy. Obviously it didn't go as planned because *NEWS FLASH* the bankers are only in it for themselves.
