To: CougarGA7
Very difficult to do so. On the other hand, I'm struggling to see how much different this is from 1893 when J.P. Morgan took $7 million to bail out the U.S. banking system at the behest of the federal government.
At any rate, you cannot have 536 people of power in Washington stand around and say, "let the market work." In this day and age, it just isn't realistic.
110 posted on
09/24/2008 3:37:37 PM PDT by
LS
("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
To: LS
At any rate, you cannot have 536 people of power in Washington stand around and say, "let the market work." In this day and age, it just isn't realistic.It isn't realistic and it isn't primarily because of the powers in Washington over decades that have eroded the free market slowly.
It was thorough however.
125 posted on
09/24/2008 4:45:59 PM PDT by
EGPWS
(Trust in God, question everyone else)
To: LS
At any rate, you cannot have 536 people of power in Washington stand around and say, "let the market work." In this day and age, it just isn't realistic.
Especially when it's decades of market manipulation that have caused this fiasco.
To: LS
Your right, it’s not realistic. The voters would revolt. I’m hopeful that they just dont go overboard like they are apt to do. Good point on J.P. Morgan’s bailout. Maybe we should hit up Bill Gates. I hear he has some extra coin.
182 posted on
09/25/2008 6:01:39 AM PDT by
CougarGA7
(Wisdom comes with age, but sometimes age comes alone.)
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