"Do we want to live in a system where profits are private, but losses are socialized?"
One economist thinks Paulson is wrong for bailing out all of these financial institutions. I am inclined to agree.
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All expressed opinions are my own, and do not reflect the views of my institution or anyone I work with. Presented material may not be factual or even remotely accurate. This blog is for entertainment purposes only.
1 comment:
I agree completely....We pay now quickly and painfully or we pay later in a long drawn out pace. I prefer to let the housing and stock market takes its lumps and get it over with. We have no business taking public tax dollars to make up for private business losses.
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