I wish that people would make up their minds already...You can’t have it both ways. Is America Socialist or Capitalist? In public policy we are about 80-20 Capitalist to Socialist right now.
Public policy towards commerical and investment banks is a mixed bag.
If we are for free markets, than Gubmint has to leave them alone without regulations and let them compete on a global scale...but that means no Gubmint bailouts. Don’t come crying to the taxpayers. If you thought it was a good idea to package the loans to homeless and unemployed people that libs insisted you make into a CDO and try to sell it...too bad.
If we are for Socialism, and taxpayers will be on the hook to bail you out, than Gubmint has the right and the duty to regulate you up to your eyeballs whether you like it or not. Their money, their rules. (really our money, our rules)
Which is it?
bttt
I’m sick and tired of this “compassionate” conservatism. I want a change from Bush. I want real conservatism.