Tuesday, January 13, 2009
Capitalism Bail outs...
Bernanke: No 'lasting' recovery without more bank aid
Financial crisis persists, Fed chief says in sobering talk
By Greg Robb, MarketWatch
Last update: 11:06 a.m. EST Jan. 13, 2009
WASHINGTON (MarketWatch) -- There will be no "lasting" recovery without more government action and additional money to strengthen the financial system, Federal Reserve Chairman Ben Bernanke said Tuesday.
...does anybody believe in capitalism...?
...well yea, but english and european socialism is more advanced economics...
...while you know that big companies that can cause real big problems are going to be "bailed out", they will continue going broke...!
...the solution is supervision and control...
...a free functioning company should go broke, or rather be publicly supervised better...
...simply the system provides for white collar thieves to become rich and richer...!