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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (115859)	9/19/2008 10:30:01 PM
From: Freedom Fighter	1 Recommendation Read Replies (2) of 132070

Skeeter, >FF, you don't like the fruits of a more free market? are upset there wasn't more government regulation?< If I thought this crisis was the result of free markets, I'd say so. But the errors and bailouts of central bankers and the resultant wild speculation that leads to huge socialist bailouts of businesses that use the powers of the Fed and Treasury to transfer wealth to themselves don't qualify as free market activities. IMO, they qualify as immoral and criminal behavior. Regulations would be approximately equal to treating cancer with a bandaid. What we need is a total reform of the domestic and international monetary system. Then we can talk about greed and legitimate economic miscalculation.

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