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#1
09-16-2008, 08:14 PM
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Government just approved 85 billion dollar loan (bailout) of AIG.
So let me get this straight. In the space of 6 months, the Us Govt is now in the Investment banking, mortgage and insurance business. Heck, we are even in the process of getting into the automobile business. So much for free market capitalism. Its interesting that an administration that wanted no regulation is quick to bail corporations out of their unregulated mistakes. People complain about socialized health care but where are the complaints about socialized corporate care? 
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#2
09-16-2008, 08:50 PM
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the govt has been bailing out corporations for years-chrysler immediately comes to my mind.
but it seems pretty obvious that more regulation is necessary-but the financial markets may have done themselves a bigger disservice than they realize. you open the door to the feds, good luck closing it again. i'm very tired, and may not be making much sense-so i think i'll call it a night.
__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#3
09-16-2008, 09:35 PM
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Quote:
The invention of the Federal Reserve Bank. Which has now extended its role even further.
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#4
09-16-2008, 11:51 PM
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#5
09-17-2008, 04:18 AM
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Anybody find it odd that the Palin lady said "They've been asleep at the switch in Washington." McCain n' Biden been there for 20 to 30 years.
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#7
09-17-2008, 04:30 PM
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When the 3rd largest insurer in the world needs an 85 billion dollar government bailout...
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#8
09-17-2008, 04:32 PM
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Quote:
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#9
09-17-2008, 04:34 PM
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Quote:
 Well...cigs and alcohol always a good bet in tough times
__________________
"but there's just no point in trying to predict when the narcissits finally figure out they aren't living in the most important time ever." hi im god quote
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#10
09-17-2008, 04:35 PM
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Quote:
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Hybrid Mode
