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Investments > Investing Science > Re: Financial S...
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Re: Financial Sector self-destructing

by "John Galt" <whoisjohngalt@[EMAIL PROTECTED] > Mar 29, 2008 at 10:04 AM

"ajames54" <ajames54@[EMAIL PROTECTED]
> wrote in message 
news:d4f60149-e4a2-4e78-877b-09aab679ebbe@[EMAIL PROTECTED]
> On Mar 28, 3:34 pm, Vide...@[EMAIL PROTECTED]
 wrote:
>> On Mar 28, 12:28 pm, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>>
>>
>>
>>
>>
>>  what i find hilarious, outside of a couple of complete libertarian
>> cranks, where have all of the defenders of laissez-faire gone?
>>  where is their outrage, why are they not publicly, and proudly
>> announcing their adherence to  libertarian dogma, and renouncing their
>> investments in the markets.
>>  after all, they to are the indirect beneficiaries of the bailouts.
>> you would think that they would be fleeing the markets, whilst
>> proclaiming their beliefs. i see none of that.
>
> Actually I would call myself a free marketer.
>
> I've expected this outcome for a couple years I am really surprised
> that it took this long to come about. Hell not only did I expect it,
> I've even bet on it. All those puts I bought that expired worthless I
> looked on  as the cost of doing business, now that I should be hugely
> in the money the Fed steps in to screw me over.
>
> Well in all honesty there haven't been that many puts ...because while
> I believe in a free market I know that we do not have one. Anyone who
> saw this coming could just as easily seen the response...
>
> In my opinion is the stupid thing was all the morons defending the
> current system as though laissez-faire was what we had. To call what
> we have a free market is to indulge in Orwellian double speak of the
> first order.

Well, right. There hasn't been a laissez-faire system since prior to the 
Industrial Revolution.

JG
 




 2 Posts in Topic:
Re: Financial Sector self-destructing
"John Galt" <  2008-03-29 10:04:12 
Re: Financial Sector self-destructing
Roy Batty <roybatty@[E  2008-03-29 11:12:30 

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tan12V112 Wed Dec 3 21:59:02 CST 2008.