Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (10412)	10/24/2008 2:16:02 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 33421

John, you and a bunch of other people on this thread are much more informed than I on the inner CBs and the financial industry in general. However, I don't think we know what the result of letting the free market take care of our current ills would be. Certainly not anymore than we know what the outcome of any intervention that may happen. I'm thinking along the lines of unintended consequences. My belief is that the piper will eventually have to be paid. The more government intervention, the steeper the price. We only postpone the inevitable and saddle our children and grand children with the responsibility of cleaning up our mess. Here's a guy who obviously got some unintended consequences to his actions... Greenspan "shocked" at credit system breakdown news.yahoo.com And it doesn't seem that he is taking any responsibility for the situation, even though it is arguable that the Fed gave incentive for much of the bad behavior in the credit industry.