| Re: You ready to pay what's comin'? |
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Group: alt.economics · Group Profile
Author: eldoradoeldorado Date: Jul 23, 2008 06:08
On Tue, 22 Jul 2008, Titix wrote:
>
>
>
> "Dennis" never.net> wrote in message
> news:pvadnSBmqP0rnxvVnZ2dnUVZ_u2dnZ2d@comcast.com...
>> OPINION FROM THE WALL STREET JOURNAL
>>
>> HEAD: Paying the Tab For a Cleanup
>>
>>
>> Get ready, American taxpayer -- you may be called on to solve the credit
>> crisis.
>
>
>> "Our regulators have been lax in their enforcement of existing capital
>> rules," says Daniel Alpert, managing director at Westwood Capital. "When
> you
>> have top institutions, such as Merrill Lynch,scrounging around for the
>> family silver to sell each quarter, clearly our financial institutions are
>> not adequately capitalized for long-term viability."
>
>>
>> **********
>> And its a disgusting system that also perverts free market/free enterprise
>> economics.
>>
>> Dionysus
>>
> Hehehehehe, I'm so surprised you posted this one.
> That's your free market at work without government oversight. The gov.
> regulators were not doing their job, as usual in this administration.
>
> You don't seem to grasp the idea at all, read the paragraph above.
> After you read it, bury your head in the sand again.
>
The only thing this article proves is that denny is incapable of
understanding the cut and pastes that he posts.
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