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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (105734)3/9/2009 4:22:54 PM
From: JohnM  Respond to of 541812
 
So let a few bonds crumble. Why not?

I still haven't found the time to finish that WSJ article but I presume the point was that (a) it's one more indication of the fragility of markets and the economy, and (b) an indication that corporations will have even more trouble raising money in the near term (with no time frame on "near").

It wasn't a moral judgment.



To: Steve Lokness who wrote (105734)3/9/2009 7:17:59 PM
From: Don Hurst  Read Replies (1) | Respond to of 541812
 
>>" So let a few bonds crumble. Why not? "<<

How about if when those "few" corporate bonds fail a "few" pension funds that hold them fail also? "Why not?"

No problem, right? That should take us past capitalism. Is anarchy an economic system?


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