Skip to comments.
The Big Bailout: America as a Full-Spectrum Kleptocracy
Blog - Pro Libertate ^
| 7/27/2008
| William Grigg
Posted on 07/31/2008 12:03:58 PM PDT by nicola_tesla
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-22 last
To: nicola_tesla
No I'm not ok with that. By "the baillout is ill-conceived", I mean it is a bad idea. I'm not sure how my statement could be interpreted otherwise. I believe if we don't have a marketplace that punishes people for an excess of high-risk behavior and poor financial controls we will have economic chaos.
The excessive hyperbole of "most corrupt legislative body in history" is ridiculous though, and undermines the author's credibility.
21
posted on
08/02/2008 4:26:16 AM PDT
by
amchugh
(large and largely disgruntled)
To: nicola_tesla
The Fannie/Freddie bailout is another example of the familiar equation behind corporatism (or, to use the more loaded synonym, fascism): The risks are subsidized, the losses are socialized, and the profits are privatized. Bingo.
Navigation: use the links below to view more comments.
first previous 1-20, 21-22 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson