Unfit to Survive

[erichwwk]

As far as toxic assets are concerned, the solution seems to me rather simple - enact a lemon law.

Those who benefited from this market, and are hoarding their wealth, must be forced to return that wealth for those assets. Why on earth should those that did not participate, bear either the up, or as is the case here, the down side?

[erichwwk]

I share you're view. This is a rather pathetic attempt to justify selfishness. It just goes to show what happens to people when they confuse making money with creating value, an issue that Adam Smith resolved for most 200 years ago. As Warren Buffet once said, "Usually there is one sucker in every poker game, for whose money all the rest play. If you don't know who the sucker is, its probably you

[Renegen1]

This Bear Sterns guy really sucks.. not only is he an insider he's just trying to give a reason to maintain deregulation.

[caramilkninja]

I am honestly seeing a no win situation on the ideas behind the regulation of the economy. I dont have the firmist(?) grasp of economics, but it seems the general concensus is to "stick with the devil we know"

[Renegen1]

What does general consensus mean anyway, general consensus among cattle farmers? It's why you're watching this movie, because you value expert economic advice far more than CNBC. And all I got was this hack. His techniques are shifty too, the typical "father knows best" attitude, so it's not like I'm biased.