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Once in a century rip-off

submitted by cybrbeast

1 decade 6 years 1 month 3 weeks ago

Bailout talks stall as Bush meets with Congressional leaders and Presidential candidates. German Finance Minister says US will no longer be the financial Superpower. French President Sarkozy says the days when "the all powerful market is always right are over". The Real News Network spoke to economist and historian Dr. Michael Hudson who says that it's not a "bailout" but a "giveaway" and will create a new kleptocracy of billionaires. -TheRealNews

2 Comments

charliem says...

Sarkozy, with all due respect to the guy, is a closet communist.
Regulation has its place, too much and it stymies investment, too little...and well this happens.

But to go balls-to-the-floor and claim that regulation is the be-all end-all solution to the downsides of a totally free market, is just exploitation of the highest order. Seems he would just LOVE to get the govt. regulators into every single nook of the market, to be able to control it all.

Sorry Nick, that shit isnt going to fly either.

Regulation, like shitty food, is only good in moderation...but we all need a lil bit of fat in our diets.

chilaxe

says...

^Sarkozy's a pro-US conservative. He defeated the traditional socialist candidate in the election.

He wears NYPD shirts when jogging, whereas some of the French would prefer he strolls, which would be less individualistic.