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When capitalism fails.

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2008-09-26 07:45

Governor
Richardson, TX

Posts: 1
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What happens when capitalism fails due to intense deregulation and the government steps in to take over? IF GOVERNMENT DOESN'T STEP IN WE WILL NOT FAIL! The failure, insolvency and dismantling of these organizations that we hear about in the news is a reaction from the market similar to the human body’s reaction to a cold. The market was poisoned by rotten Mortgage backed securities, horrible investments, and infected by the greed of CEO’s, backed by self serving boards. The market reacted. Not unlike a game of Jenga the pieces began to fall and the market rejected this wretched infection. The government now wants to correct this problem by injecting 700 Billion dollars into the financial system in hopes, let me repeat HOPES that this may correct, stabilize or ease the perceived fallout around the corner. I say let the pieces fall where they may! Let the greedy executives’ burn in Hell! Let the market adjust itself! Let Darwinism run its course! From the ashes true Capitalism will rise! The more valuable pieces of these failed organizations will be salvaged by financially sound institutions around the world. Opportunity will be created for business people, savvy entrepreneurs, and those that have been smart with their money. The credit markets will become stronger because people that do not deserve credit will not be allowed to get credit.

2008-09-26 17:57

txdem
Plano, TX

Posts: 2

Hear hear! I agree totally.

2008-12-03 20:24

Cretan_Prophet
Milwaukee, WI

Posts: 4

I am fully in agreement.

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