There are Really Really Free Markets being set up all across America where a person can come and just take stuff – and everyone’s all right with that.
The Dow has climbed back up to just minus 325 for the day. This is not a tailspin. If it were a tailspin, the Dow would be down by 750 by now, and leaving a trail of black smoke behind it.
ncreasing numbers of Americans are deciding not to get the medical treatments they need because they don’t have enough money. Why don’t we see those economc statistics on a bright green ticker on our TV sets?
I think that there’s a good argument to be made for the idea that, although the current financial crisis is founded broadly upon problems in credit markets, that the economic stress that provoked the breakdown in credit markets was the rapid inflation in gasoline and other oil-based energy products.
Section 3 is where these regulatory reforms and enforcement of accountability ought to be included. Yet, there’s not really anything there. Section 3 merely states that the Secretary of the Treasury will “consider” protecting taxpayers from the consequences of Wall Street’s gross ineptitude.