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That was actually IN the WSJ?!!!??!! That only is amazing. The WSJ is the loudest of all boosters for Big domination.
Like Deneen, that was my first thought too: All these Wall Street Playerz, poster boys for the Invisible Hand of Free Markets, all MBAs with concentrations in How to Invent New Hyper-Convoluted Ways (That Regulators Don't Even Understand) to Shaft Little Guys. Now they run hat in hand to the Fed. And since he who pays the piper calls the tune, the Fed pays. Sickening. B-S (what a wonderful acronym) was not, I think, too big to be allowed to fail. It would simply have resulted in what free marketeers call a "correction." And the longer we put off the inevitable, for example by rewarding poor financial judgements with the profits of future generations (either via taxation or inflation), the longer and deeper the necessary correction is gonna be. |
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