Theory of the Bailout

Sinfest has captured the essence of the bailout in comic form. What brave new theory permits contradictory gems like:

The US Government is to spend up to $250 billion buying direct stakes in banks and other financial institutions under a controversial emergency plan which President Bush insisted today was “not intended to take over the free market but to preserve it”.

One does not take over free markets to save them. It was and still is government intervention in the first place that is destroying the free markets. The root cause of the mess we are in is fractional reserve lending, an unsound currency, and interest rate micro-mismanagement by the Fed.

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0 thoughts on “Theory of the Bailout

  1. I see the $700b plan to buy bad dept that was painfully negotiated with congress has been replaced already with a bank equity scheme and other ‘solutions’ thats going to cost 2.4 trillion. Why am I not surprised?

  2. I see the $700b plan to buy bad dept that was painfully negotiated with congress has been replaced already with a bank equity scheme and other ‘solutions’ thats going to cost 2.4 trillion. Why am I not surprised?

  3. Keep the squirrel runnin in the cage.
    That is the perpetual goal, perpetually justifying the means.

    As long as not dead. Financial advisor suicide can be bailout prevented.

    Food lines, for those with credit refused, preventing death by starvation.

    Inversion is the message. Regulated, when out of equilibrium. Preventing the crashes of mountain sized hailstones.

  4. Keep the squirrel runnin in the cage.
    That is the perpetual goal, perpetually justifying the means.

    As long as not dead. Financial advisor suicide can be bailout prevented.

    Food lines, for those with credit refused, preventing death by starvation.

    Inversion is the message. Regulated, when out of equilibrium. Preventing the crashes of mountain sized hailstones.

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