Wednesday, January 28, 2009  The economic crisis: Who is to
blame?     His actions in recent months have hardly instilled
confidence either.           Psycho Milt said...  Your repeated
attempts to make govts to blame for financial managers' crimes
and incompetence remind me of the liberal squawking that
increased crime in the 90s was the fault of the govt, not the
criminals.  Anonymous said...  Let's see - crime in the 90s made
criminals rich.  Clinton/Brown/Cullen rorts in the naughties
made leftist politicians rich.  Your point it.  ISeeRed said...
Psycho, governments issue fiat monopoly currencies, have sole
control over interest rates, tightly or erratically regulate the
banking and finance industries and even establish chimera
public-private institutions like Freddie Mac and Fannie Mae, yet
some blame the "free market". Democrat presidents Carter and
especially Clinton tell banks, "Lend money to poor minorities
with bad credit and no income OR ELSE!", but some put 100% of
the blame on George W. Bush an