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truth or consequences said...

What's the diffrence between Capitalism and "Crony-Capitalism"??????

Answer: REGULATION...and if that makes some brisstle....then call it something else...like oversight, maybe.

No matter what you call it...there is a need for something. Why is the concept of "checks and balances" so desirable in government...but "tyranny at gunpoint" when applied to commerce/industry in general???

The world ain't black and white.

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PeakTrader said...

truth or consequences says: "Answer: REGULATION"

There's bad regulation and good regulation.

And, I suspect, overregulation is as bad as its overspending.

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http://www.blogger.com/comment.g?blogID=28997633&postID=6318922789269147452

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PeakTrader said...

Caveat Bettor says: "Barney Frank is not the only culprit; Alan Greenspan, George W. Bush, Bill Clinton, Gregory Meeks, Franklin Raines, and a few others pop to mind, and that is without getting to the rating agencies (which, of course, are chartered by Congress) or even the numbskulls at AIG, Lehman, Bear et al (who give a lot to campaigns and pay a ton of taxes)."

The crisis originated in Congress by people like Barney Frank, who thought their huge unfunded social program would be funded by others.

I guess, they thought they were pretty smart.

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http://www.blogger.com/comment.g?blogID=28997633&postID=5080455560730618834

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