The Fed's new role: Sugar daddy

[underpants]

http://blogs.moneycentral.msn.com/topstocks/?fpn=the%20fed%20is%20not%20our%20sugardaddy>1=33009

Since when do we rely on government to intervene in every case of a failing business? If anyone wonders why we have such a mess on our hands, look no further than our boneheaded government that has obviously forgotten its way. Think of this week's action within the financial markets as a result, not the cause of our problems.

AIG is in a battle for its very existence, Merrill has been absorbed and Lehman is bankrupt. And we're only part way through the week. What's next?

These days, many people are wondering what our government will do to stop the insanity. Yet, in a capitalistic society that relies on a free market system, we should only look to the government to guide and regulate against fraud and the manipulation of the system. Sometimes known as a laissez-faire philosophy, the government has a role, but it Read More...

[The_Casual_Observer]

1. A few that I remember, Chrysler, & the Savings & loans. Of course

you could also count in all the defense & aerospace companies that wouldn't exist at all without generous contracts that enrich their stock holders & executives.

[groovedaddy]

5. National Socialism at work...who'd a thunk it!!! n.t

[valerief]

2. Labor survives only to support the ruling class. Constitution be damned.

:cry:

[katty]

3. Feds: Pimpin' for 'their people'-- get to work slave, and give me your $

[chupacabranation]

4. I love the pick and choose...

...of who the Fed decides to bail.

It's like back in third grade when you were picking kickball teams. Personal interest rules the day. GHW 4 is on your board? Great, you're bailed.

No connections? Too bad, you're screwed.

And either way, the American public is screwed.

They've tried to convince us all along they've privatized everything, but they haven't -

They've privatized all the profit.

They've SOCIALIZED all the debt.

[underpants]

6. My question-Who the hell did Lehman Brothers piss off?

I know I know there were reasons no one wanted to pick it up (like Merrill Lynch) and a bailout was not done but it seems to be the only one left to fall aside.

[dixiegrrrrl]

7. answer: no one

AIG is connected to the powers that be, on many levels.

Lehman ain't.