fkusumot on 30 September 2008
This viewpoint is akin to saying "We've lost a bunch of money, now we should double down". Regardless, there's been over a trillion dollars pumped into the economy to provide some liquidity and the Europeans are buying up their own troubled banks instead of letting them go belly up. I'm quite surprised that the author didn't mention the part the private credit rating agencies had in the current situation. I'm also surprise that their was no mention of all the evils of government regulation in general.
