Comments on: Bailout = Didn’t Work http://www.fitsnews.com/2008/10/24/bailout-didnt-work/ Unfair ... Imbalanced Sun, 22 Nov 2009 04:20:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Joseph Reynolds http://www.fitsnews.com/2008/10/24/bailout-didnt-work/comment-page-1/#comment-39158 Joseph Reynolds Fri, 24 Oct 2008 13:47:02 +0000 http://www.fitsnews.com/?p=7588#comment-39158 Actually what we fail to account for is human greed. The $700B will be sucked up by the few thousand wall street types that accounted for the problem in the first place. We cling to "less regulation" in the belief that basic humanity will always do the "right thing". Even Greenspan just came out and siad that he badly underestimated the consequences of assuming that the Free Market would act in the best interests of the company and stock holders if given a climate of little to no regulation. Until we change the model that allows them to manipulate the economy for their own gain...it will happen again..and again..and again... Actually what we fail to account for is human greed. The $700B will be sucked up by the few thousand wall street types that accounted for the problem in the first place.

We cling to “less regulation” in the belief that basic humanity will always do the “right thing”. Even Greenspan just came out and siad that he badly underestimated the consequences of assuming that the Free Market would act in the best interests of the company and stock holders if given a climate of little to no regulation.

Until we change the model that allows them to manipulate the economy for their own gain…it will happen again..and again..and again…

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