On Tue, 10 Feb 2009 16:11:18 -0500, Eisboch wrote:


Let's see, a few fat cats making millions on Wall Street burp, and
millions of Americans are now out of work. Some business cycle. I
fully accept the consequences of my mistakes, but I should accept the
consequences of their mistakes?



Absolutely not. And it's not just mistakes, it is greed as Harry
constantly reminds us of as if we didn't know.
The solution is to attack the problem, not the symptoms.

We did, after the Great Depression. It was just recently Republicans
introduced the "deregulation" mantra. Ever look at an economic
timeline? Pre-Great Depression, there was a Panic every ten years or
so. After the Depression, and it's reforms, we have had recessions, even
some severe recessions, but for the most part, the economy has run
considerably smoother. The peaks and valleys of the business cycle were
tolerable.

Totally "free" markets are a disaster. There needs to be limited, well
thought out, regulation. Personally, I feel greed is an essential part
of Wall Street, but it has to be balanced with the risk threat. Greed
got the upper hand, and unfortunately, other people are paying the price.