Drudge Retort: Red Meat for Yellow Dogs
Tuesday, September 30, 2008

With over 30 government programs, agencies, and acts of legislation now in effect; why do we need more government to solve the credit crisis. It's clear that this problem began with government and perhaps government is not the solution to end the crisis.

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You will never regulate the markets, never. As soon as an instrument is regulated, that instrument is not used anymore and a new instrument is created.

10 years ago, no one ever heard of mortgage backed securities. How can you regulate something that doesn't exist?

Lip,

This is exactly why there should be NO BAIL OUT.

i agree

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