Financial Politics

[raeblaise]

I got forwarded an NPR article where Newt Gingrich (!) criticizes the bail-out plan. Some browsing around led me to this quote, with which I firmly agree:

"A fundamental principle of free-market capitalism is that investors take on big risks to reap big rewards - but they also assume any losses that occur. The government's plan would radically

Comments

[karinkarinkarin]

I agree. sucks that a lot of people will lose big on this one, but I don't want to continue to bail people out when they decide to take big risks, while I'm more conservative with my money.

[karinkarinkarin]

also, did you hear that wamu is being bought by chase (via the FDIC)?