WTF? A tanking market when the borrowers or their customers have no money is perfectly normal; it's that dynamic free market the rightist capitalists all praise. Looks more like Bernanke's just selling a line to support more welfare for Big Wealth. For Bernanke, normal is a Fed-manipulated market to ensure greater wealth to the super wealthy.
Yet, where are the rightist capitalists calling him out on this free market heresy?
Link.
Wednesday, May 14, 2008
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