On 10/27/09 9:36 AM, BAR wrote:
In ,
says...

wrote in message
. ..
In ,
says...
One of the important things he did w/ the $$ was stablize the market and
restore some confidence. In a sense, the financial system is built and
sustained by confidence (not saying this is a good thing, but it's the
way
it is). If the giants went down, we would have seen what happened when
Lehman Bros. failed only on steroids.


The market should have been left alone to work and weed out the weak.
Bad businesses shouldn't be bailed out. Bad managers shouldn't be bailed
out.

The market decides who should survive and who should fail. The
government shouldn't be involved in these decisions.


Yes, well, that's easy to say, but the reality of it is lots and lots of
suffering. It's never worked right and even completely fascist dictators
didn't have the political stomach for it.

Pain, physical or mental, often has a direct effect on behavior.



Wow...Bertie is...a spartan!