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The end of the US "free" market.

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Postby jza1218 » Fri Sep 19, 2008 1:00 pm

BTW, I hate you Milton for telling me not to buy Citigroup
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L Independant

25 To Life

Postby L Independant » Fri Sep 19, 2008 1:02 pm

daitong wrote:I hate bailing out greed with my tax dollars. Not sure what else could be done though.

Perhaps we're attempting the same thing that Sweden did in the 90's, where the government took temporary control of it's financial system. The Swedish gov't laid out 4% of G.D.P., but was substantially less for taxpayers since the gov't was able to sell off the assets it had acquired, some at a huge profit.

I doubt our "great minds" have that much foresight.
Right. Not socialism, but corporate welfare. This time, a kind that might be beneficial to the American people (and those abroad, too). Still, I'd love to see people abroad get more "fiscally conservative" so that America's economy doesn't affect the world so much. Good thing foreign investment is only a small chunk of GDP, if that's what we're going to keep measuring "economy" by.

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