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What happened to the "free market" the Repugs and conservatives adore?
When their ox is gored, they're whining for the govt to step in and save their greedy, rapacious, predatory asses and stop the bleeding.
Behind the Deal, the Hand of the Fed
http://www.nytimes.com/2008/03/25/bu...in&oref=slogin
Adam Smith’s invisible hand has a puppeteer: the Federal Reserve.
In case there is any confusion about who was pulling the strings behind the scenes of JPMorgan Chase’s acquisition of Bear Stearns, the curtain was lifted Monday. By raising its bid — with the grudging approval of the Fed — to $10 a share, from $2, JPMorgan exposed what had long been whispered about but no one dared to say aloud: the Fed is officially in the deal-making business.
What happened to the "free market" the Repugs and conservatives adore?
When their ox is gored, they're whining for the govt to step in and save their greedy, rapacious, predatory asses and stop the bleeding.
They only like the "free market" when it allows them to screw over anybody for a profit. As soon as they get into a little bit of trouble or might have to learn a foreign language then the "free market" is scrapped for government intervention.
I see there are a lot of George Carlin lovers
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