I have heard of free market enterprise.
Does that have anything to do with you avoiding the explanation I asked for?
For all I know, you may work for the govt.
I don't.
I saw where you admitted you supported TARP.
Yes.
What? You can't support a free market economy-capitalism, and support the fed.gov picking winners, and losers, with taxpayer money.
The government was supporting the banking system. To prevent a repeat of the massive wave of bank failures we suffered during the Great Depression.
This semantic distortion is what I mean by your dishonest and transparent shilling. The government was not supporting the "banking system." The Federal Reserve was supporting a small number of very large banks. The former is the excuse. As we have been learning ever more and more, the point of the exercies, the purchase of congressional votes, the stuffing of cabinet agencies was all done for a few banks. If others got a few crumbs, well it is an old trading rule that you leave some profit on the table for the other guy.
You, and those for whom you are a shill, try to portray this as a win-win. But as the enormity of the cost of all of this becomes apparent, it is obvious that the American public have lost, big time. My initial reaction to Paulson's ploy to get TARP remains. Give us $700 B (it turned out to be a lot more than that as we have seen), or we will take down the US economy.
Your defense of a bunch of high priced looters is immoral.