...NPR concluded with a quote telling listeners that, "We're really just trying to figure out who bears the loss. Do we want the government to bear it all, or do we want some of it to be pushed onto investors?"
Of course, that's the question. Investors can't be expected to know what they are doing, the little boys and girls need the government to help them out. After all, that is why we have the government. No one would want to leave wealthy investors' fate to the market. The only question is whether we bail them out completely, or maybe force them to suffer some loss due to their bad investments.
View his complete entry here.
It is most unfortunate that even the reporters at NPR have bought into the idea that Market Principles shouldn't be fully applied to the wealthy. Where's the Liberal Media when you need them?
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