> The politicians are the biggest swindlers here by far. I don't get how that's supposed to have worked. Even if the political powers that be deliberately encouraged bad financial behaviour shouldn't the miraculous market forces have still avoided stupid risks?
Surely for the evil government to have been at fault it would be required to force behaviour on the market. To have forced companies to leverage debt beyond all reason. In the absence of actual force and compulsion, no matter how silly, misdirected, or wishful government policy gets doesn't it follow that the magic of the market will not make bad decisions if you believe in the wisdom of markets? _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
