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To: durasell
So, why is the gubmint involved in this?

Probably because they don't see financial collapse and widespread deprivation as a solution to the problem.

20 posted on 09/11/2008 3:07:05 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Moonman62

So, let me run this by you: The gubmint greases the skids for the sale to say, Citi, with the regulators etc. on-site during negotiations to do the deal quick. However, if the gubmint wasn’t involved, Citi would do a slow negotiation waltz while the firm imploded.


22 posted on 09/11/2008 3:10:29 PM PDT by durasell (!)
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To: Moonman62

“Probably because they don’t see financial collapse and widespread deprivation as a solution to the problem.”

Yes, the government always knows how to pick the best solution to the problem.

If you think that government-based/brokered/sponsored solutions will stop a financial collapse brought on by failed government policy over many years, then you are much more of an optimist than I.

This intervention will only make it worse. The reaper cometh and even the Fed and Treasury can’t stop it.


27 posted on 09/11/2008 3:29:02 PM PDT by RFEngineer
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