Capitol Hill Blue Forums Political Issues Finance, the economy & Economics How will the financial crisis develop?

I sounds like a great idea Phil. Free market capitalism is also a great idea, until that is, the US financial system is faced with collapse and deep pockets are wiped out. And that indeed is what would likely have happened if the feds had not involved themselves with Bear Stearns and now covered their Fannies.

And as I said before the beauty of all of this is that no one actually pays for it. Ever more bonds are issued to cover the debt and the US backed Ponzi scheme continues for the foreseeable future. Don’t tax—but spend. It’s a wonderful country.