Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (360967)	12/1/2007 4:19:04 PM
From: tejek	Read Replies (1) of 1575421

Ted the Bush administration may be pro-business, but that isn't the same as free market." Well it is when it comes to business operations. That response doesn't make a lot of sense. To the extent I can pull any meaning from it the statement is false. "Pro-business" often takes the form of actively supporting business through government intervention, which is anti free market. And gov't can support business by not regulating or interfering when bad business practices are suspected. Some of the perpetrators of these bad loans admitted they knew the feds wouldn't intercede. Businesses knew they were under much less scrutiny and took advantage of it. The actions where legal. There was nothing for government to scrutinize. There was a loophole in the private sector credit scoring methods that is now being responded to by the private sector. Whether they were legal or not is not the issue here..........they were things you just don't do if you are a good business person.

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