Monday, September 29, 2008

The Slippery Slope to Socialism - too much for the US government...

Cripes, if only it was socialism...

Don't get me wrong: I understand that this is a crappy situation to be in as a taxpayer - bailing out banks for their own screw-ups. But even some staunch free-marketeers have admitted that the alternative to no bail-out may be even worse (and the problem is the whole not-knowingness of it: it may all go belly-up anyway).

It needs fixing. (Hilariously some are actually arguing that it was the high level of regulation on the free market that got the banks into this mess - hell if I know how they get to that conclusion...)

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