Report on Bailouts Says Treasury Misled Public

[LnGrrrR]

"would feel some small amount of shame and humility to ask for money though"

do you think this people feel pride and not shame?

Eh, I'm sure some of them DO feel shame. But these people?

By early morning, the applications had run dry. But some hustlers got the bright idea to photocopy the original and sell the copies for $20 a pop. They were doing a brisk business. The desperate are easy prey. The white original applications stated clearly on the bottom: "Do not duplicate -- Must Submit Original Application."

I doubt it.

[coyotes_geek]

I agree, but how? Wouldn't the dismantling of the TBTFs you are calling for be the very epitome of government intervention that was displayed by the bailouts themselves?

Government intervention to restore a free market is more than warranted. A market dominated by a select number of firms deemed to be so huge that they can no longer be held responsible for their actions, and the taxpayer must be sacrificed in their place is anything but free.

[boutons_deux]

I thought one of the principles of the free market credo was that it didn't need intervention or correction by govt, the free market is magically self-correcting.

Just get out of the way, and the free market will solve everything, make everybody rich, produce only safe products, and honest, fair services.

You people make up your minds.

[Wild Cobra]

I thought one of the principles of the free market credo was that it didn't need intervention or correction by govt, the free market is magically self-correcting.

Just get out of the way, and the free market will solve everything, make everybody rich, produce only safe products, and honest, fair services.

You people make up your minds.

You mean a free market with reasonable enforcement of reasonable regulations and laws.

[coyotes_geek]

I thought one of the principles of the free market credo was that it didn't need intervention or correction by govt, the free market is magically self-correcting.

Just get out of the way, and the free market will solve everything, make everybody rich, produce only safe products, and honest, fair services.

You people make up your minds.

I've never said either of those things.

[LnGrrrR]

I thought one of the principles of the free market credo was that it didn't need intervention or correction by govt, the free market is magically self-correcting.

Just get out of the way, and the free market will solve everything, make everybody rich, produce only safe products, and honest, fair services.

You people make up your minds.

I don't think posters here believe that, but it seems Alan Greenspan did. Of course, he realized the errors of that thinking.

[boutons_deux]

"reasonable enforcement of reasonable regulations and laws."

but regs + laws, and the costs of enforcement, come from .... HATED BIG GOVT!

you guys want it both ways.

[Winehole23]

You act like everyone to the right of center who is skeptical of government's increasing penetration of everyday life is an anarcho-capitalist.

There are a few who post here for sure, b_d, but there are even more posters who do not live in Cloud Cuckoo Land, but somewhat closer to the actual ground. Free markets don't exist without enforcement of contracts and property rights at a minimum, i.e., not without the legal framework and political stability a state provides.

It is funny, though, how so many people who completely poo-poo the Rousseavian state of nature with regard to social melioration, assume one for economics.

[boutons_deux]

"contracts and property rights"

GMAFB.

The Repugs, conservatives, neo-c*nts want OSHA, EPA, SEC, and similar agencies annulled, and FDA/FCC/BLM/Minerals Mgmt disbanded or neutered.

[Winehole23]

It's misleading to paint all posters to the right of you with the same broad brush.

Why not reply to actual posters instead of continually railing at strawmen?

[DarkReign]

It's misleading to paint all posters to the right of you with the same broad brush.

Why not reply to actual posters instead of continually railing at strawmen?

Ive had that conversation with him...its impossible.

[boutons_deux]

"A market dominated by a select number of firms deemed to be so huge that they can no longer be held responsible for their actions"

So you are for anti-trust/anti-monopoly intervention in the free market, although you hate govt?

"free markets" often end up as monopolies or quasi-monopolies due to consolidations and predations of the main corporations.

[boutons_deux]

"government's increasing penetration of everyday life"

I keep hearing that, and "we are losing our freedoms and liberties. Magic Negro is destroying the country", but it's all just sheeple gratuitously wailing (for the cameras) about their scare-mongered fantasies, than anything in fact.

What sheeple really ought to be concerned about is the predations of corporations into their private lives and bank accounts and financial dealings.

[coyotes_geek]

So you are for anti-trust/anti-monopoly intervention in the free market, although you hate govt?

Generally speaking, I think that government action that protects free markets is good. Government action that subverts free markets is bad.