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To: Eric Blair 2084
I agree that leveling the blame solely on Wall Street is short sighted, to say the least, but I don't think it is a wise idea for government to take some ownership in these companies (nationalization) and use $700 billion of our money to do so. Milton Friedman, IMO, would certainly not approve of that.

I much prefer to see Gingrich's proposal given some consideration (although it looks like the SEC is sort of addressing a part of it now). It seems that it would offer the market the tools the get out of this while not dumping 'toxic debt' on the taxpayers - the companies would have to deal with it, and setting up the market for better long-term performance by addressing our corporate tax rates, putting us on a more level global playing field.

22 posted on 09/30/2008 9:00:21 PM PDT by batter (Oxymoron: An Obama bumper sticker on an SUV)
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To: batter

I don’t have the answer. Thank God I’m not a politician. All I know is Government caused the problem and now government has to fix it.


29 posted on 09/30/2008 9:06:48 PM PDT by Eric Blair 2084 (Alcohol, Tobacco and Firearms shouldn't be a federal agency...it should be a convenience store.)
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