I had always thought that we jumped to some wrong conclusions when the Soviet Union fell. The primary wrong conclusion was that somehow this proved that American style free market capitalism was . . . more
"No this is about privatization of benefits and socialization of risk. Its fair that those who primarily benefited from the lack of regulation should bear the cost of the fix." more
"They are all for capitalism and free market so long as its the little people whose oxes are being gored -- but when their own get gored its a matter of national security. Citi needs to be broken up into . . ." more
"Sam, I agree with your wager -- I think most of the money wound up overseas, it clearly didn't go into the domestic economy. Brain, I don't know of any countries outside the third-world that . . ." more
"Yes, this was on the theory that you take one bank that is troubled and you merge it with a much bigger bank that was not disclosing it was in trouble at the time and this makes for a sound bank. So the . . ." more
