Lots of people from Chicago school of Economics which is the most pro-market school there is from what I know. In general the list of names is very impressive. Some are business school finance guys, many general economists. I am not expert unfortunately my knowledge of the subject is limited to half undergraduate degree in Economics.
BTW it does not matter who made investment, you play the game you got pay the price.
This bail out is looking like a terrible mistake. I think Bush is scared about his “legacy” so he had this knee jerk reaction and with election coming up I am afraid the populist short term approach will prevail. This is something that our grand kids kids will be still paying for
Look, if “market economics” on its own created the mess, I would maybe agree with you, but this mess was not going to happen - the size and scale of the problem - except for the institutional size and clout of the government elephants interfering in the market - Freddie and Fannie; and with their government bosses asking them to and letting them run wild. GOVERNMENT created the crisis, so of course government should try to correct it.
It's become clear that the man who at the start of his first term dreamt of being the second Ronald Reagan now, at the close of his second term, is destined to be the second Jimmy Carter.
“Lots of people from Chicago school of Economics which is the most pro-market school there is from what I know”
Wrong. It’s the second-most pro-market school, after the Austrian School.