The governement's investment into the nation's banking industry smacks of Socialism. Couple this news with the no-short list and no court or independent reviews of the Treasury Secretary and his policies and you have a government's absurd intrusion into the Free Market and a complete breach of the Constitution's limitation of power. It is simply scary. Are we headed to a socialist state?
The free market judgement is being overridden. Letting companies fail wasn't even an option. Like the Great Depression the government is stepping in to fend off disasters. In reality it will be the government intervention ultimately responsible for the prolonged suffering that will ensue from the inevitable recession. This recessionary period would have certainly come either way, whether letting the free market separate the wheat from the chaff, allowing companies to fail, or having allowed the government to intervene.
This entire process, the "bailout" and the government investments, may turn out to be the most epic trade ever put on? It may work out very favorably, very profitably for the government (not so certain taxpayers will reap any reward) but it will come with a very high cost at the expense of principle - the violation of free market principles - in a so-called capitalist society.
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