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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Fiscally Conservative who wrote (109518)9/16/2008 10:46:30 AM
From: GVTucker  Read Replies (1) of 206326
 
Of course there's been intervention. That's one big problem, there's been too much intervention. And now we're seeing systemic risk play itself out right in front of us.

A leak pops up in the dike, and the government pokes a finger in the dike. And then a leak just pops up somewhere else. Fact is, the dike's gonna break. And it's better not to throw away money repairing a dike that's going to fail.

Yes, there were bad decisions made on past interventions. That is not a good reason to make another bad decision and intervene again.
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