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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: John McCarthy who wrote (78516)4/30/2008 10:46:31 PM
From: maxncompany  Read Replies (1) of 116555
 
John, I know Washington, and they won't let market forces play out without intervening.

But they should. Because we would get to the bottom sooner, and thus begin the recovery sooner.

Any of the dozens of proposals flying around will only prolong the mess, pushing recovery further into the future. Not to mention the obvious moral hazard, leading us to make more risky and foolish financial decisions down the road.

Some proposals may not seem as bad as others, but they are all bad.
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