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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (46770)9/15/2008 7:45:15 PM
From: puborectalis  Read Replies (1) of 224649
 
Doug Kass:
Laissez faire policy has failed. And since the markets have grossly failed to impose the type of discipline that was necessary to protect the system from the accumulated buildup in credit (and the current contraction), regulators will now step in. Unfortunately, it is now too late as once again the regulators will prove to be reactive, not proactive.
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