Someone else yesterday posted a quote from Ludwig von Mises, the great Austrian economist. I can only paraphrase, but he said when markets get into the shape they are in now, let the market correrct itself, and you will have a quick downturn and get over it. Try to fix the problem--i.e. govt. intervention, and you will eventually get a meltdown of the currency and the market and will be years and years recovering. Sounds like good sense to me. He wrote extensively about socialism, fascism, and communism and their similarities and differences.
Either way we go, it is a risk. But bailing this mess out with taxpayr funds while not seeing and letting the people see how we got there, and letting the same people preside over the new money is not just ludicrous--it is insane.
vaudine
It’s over. The Dems control the media, and the “R’s” will get blamed for crashing the stock market with 100m people invested in. Thanks all you hard liners for destroying both our chances in the elections, and our 401k’s.