Sunday, March 23, 2008

I heard something today, on streaming radio. The guy that keeps the Bonddad Blog was on an Internet talk show called Taylor Marsh. They were talking about Bear/Stearns and the government backed buyout by JPM, and the Republican view of the US economy.

"Privatize the profits, and socialize the losses."

That's it. Only, in my opinion, it really isn't confined to Republicans. Anyone that has assets that are influenced at all by government regulations or decisions has in the recent past been working to shore them up by way of taxpayer revenue.

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