Han wrote:
Tim Daneliuk wrote in news:6p1iq5-2572.ln1
@ozzie.tundraware.com:

At this point, it matters very little who is right or wrong. The
Big Government monsters are using this set of events to further
Federalize our nation. We have taken another gigantic step into the
hell of a collectivist nation - in large part to our own foolish greed
as individual citizens who want what we want without caring much whether
we are legitimately entitled to it.


I think we are much more alike than you suspect. I am for individual
responsibility, and I do think those who went in over their head should not
come off scott-free (sp?). But I still think the basic mistake for want of
a better word is not enough regulation and oversight. In a free market

Really? You think Federal regulators are more trustworthy and honorable
than politicians and incompetent CEOs??? I don't. With the exception of
the military and parts of the DOJ, most government jobs draw people who
are *less* competent and would have trouble functioning in the private
sector in my observation.

there should be responsibility (enforced or natural) to prevent excesses
such as the savings and loan debacle, the dotcom bubble and now the housing
and debt bubble. To let the free market correct itself with boom and bust
is not good governance.

You need to read a bunch of Econ 101 stuff. What you propose is a fantasy:
That free markets can be regulated and remain effective/efficient. You
CANNOT regulate a financial system of any size without doing great harm
to it. The idea that economies can be managed should have died with
nauseating example of the USSR, but Western lefties never seem to get it.



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Tim Daneliuk
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