RSS

The Fed's New Role: Sugar Daddy

My thoughts on this whole bailout mess are summed up fairly well in this article. I don't feel the need to pile on any further. Here is some excerpts:

Since when do we rely on government to intervene in every case of a failing business? If anyone wonders why we have such a mess on our hands, look no further than our boneheaded government that has obviously forgotten its way. Think of this week's action within the financial markets as a result, not the cause of our problems.

the government has a role, but it is not to be a business partner and a sugar daddy there to provide a backstop to the bad business practices of the banking system.

"Where do you stop? Where do you draw the line?"

  • Digg
  • Del.icio.us
  • StumbleUpon
  • Reddit
  • RSS

0 komentar:

Posting Komentar