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Originally Posted by Cannon Shell
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i don't have any issues with the themes of this article. it's a fairly factual summary.
i do wonder what part you think proves your point and not mine.
citibank shouldn't have been allowed to become too big to fail citigroup. the government failed in it's role as regulator of the banking sector. that was a decades long process.
i'm unclear how the fact that the bush admin decided not to allow another major bank failure after lehman (the right decision in my opinion) proves that the free market is the answer to all economic problems.
should citi and aig been allowed to fail? what do you think the unemployment rate would be now if that happened?
i think we need a free market. i also think history has taught market's work best with some regulation. where the line falls is open to debate. what's not is the extreme idea that market's need no regulation whatsoever. which seems to be what the republican right is currently preaching.