"It's a bitter pill for all those to claim that unfettered free markets were the best, that we don't need regulation," said Dan Seiver, finance professor at San Diego State University. "But perhaps this idea that unfettered capitalism is the way to go has finally been put to rest."
We can only guarantee the bankers profits at the expense of the taxpayer, "privatize profits and socialize losses", for so long.
Now there are people who love this system. They'd like to call themselves "capitalists", are in reality parasites.
I'm afraid there is no more money left to feed the bastards. The Fed can only print so much, the taxpayer bear so much. GWB has killed capitalism.
Arf
Flame » in reply to Anyone still think unregulated capitalism is a viable financial system?
"U.S. bailout is bitter pill for free marketeers"
The whole thread (78 posts)
- Anyone still think unregulated capitalism is a viable financial system?
- re: unregulated capitalism
- We SHOULD have known when Bush said, "NO MORE BAILOUTS."
- Can't do any worse than the regulated system that created this mess.
- "U.S. bailout is bitter pill for free marketeers"
- It's perfectly fine if one accepts that the strong make up their own rules, and are allowed to eat alive the weak. (n/t)
- re: You just don’t get it
- Jimmy Carter was the problem. Not greed as McCain says. Former President Jimmy Carter.
- And I TOLD him at the time, I said "Jimmy, be careful!"
- Not Clinton, not Carter. It was Roosevelt. We were doing just fine under Hoover.
- re: You still don't get it (n/t)
- He can't.
- Hilarious. Kinda reminds me of Bush Senior blaming the LA riots on Lyndon Johnson (who had been dead for 20 years) (n/t)
- I am fairly certain that, even as you wrote that, you knew it was a pile of horseshit
- "goes back a lot further..."
- Not you too.
- Yeah, well, the one on the right is hogging all the food! (n/t)
- I hereby nominate McFly for "Post of the Year" (n/t)
- What is pathetic is that after 8 years and trillions of dollars and after having your face rubbed in it YOU dont get it...
- re: Hey RLoser you talking at me again
- re: having your face rubbed in it.
- He can't.
- Jimmy Carter was the problem. Not greed as McCain says. Former President Jimmy Carter.
