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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (44458)	7/28/2010 7:02:53 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re "So a cap is not the same as the assumption of liability by the government." I think what we have wandered into is the differences between explicit assumptions of risk & potential liability from damages caused by accidents and implicit assumptions of risk and potential expenses.... And, (in the POLITICAL sense... as exemplified by our decades-long happy then sad experience with G.S.E.s like Fannie and Freddie and Farmer Mac and Sallie Mae, etc.) I'd argue that those supposedly inconsequential "probably won't ever come to cost the taxpayers anything" IMPLICIT assumptions of risk (by the taxpayers and from private industry) are probably a whole heck of a lot more dangerous and likely then the politicians who pass such special interest corporate favors like to try to convince us of! <g>