Quote:
Originally Posted by Throatpoker
Exactly, that's why we should reduce as much as we can, the influence of the state over the market. Laissez faire is THE way to go, not more government intervention.
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If the government had let Bear Stearns fall, we would probably be right now in a miserable depression. Personally I'd rather not have rampant unemployment, food lines, etc. etc.
Of course, the solution of the US taxpayer assuming all the risk while JP Morgan gets all the reward is bogus. The right solution is the US taxpayer to assume the risk and the reward both --- socialization.