This quote is so rich! “The plan comes as the banking industry has advanced several proposals on Capitol Hill that would allow the government to take on the risk of some bad loans, potentially limiting the scope of losses for Wall Street” So nice of the financials to “allow” the government to take on the risk and pass it on to rational people everywhere!
I am convinced that big business will end free market capitalism altogether if they find the opening to do so. Who really needs to be competitive in the marketplace when you have Uncle Sam on your side! When small business fails, it fails. When big business fails… well then they ALLOW the governement (i.e. the taxpayer) to assume their liabilities!
