Capitalism will be a scapegoat and a casualty of the collapse of the financial system. Unfairly so. The problem is not free-market capitalism, but the lack of it. Fannie and Freddie bribed Congress to prevent risk control while putting the entire public purse at risk for private gain.
The irony is that with limited government (no Fannie/Freddie/FHA/HUD), we wouldn't be in this mess. And now the solution to the problem created by big government will be more big government, less freedom, and less opportunity for the prudent little guy to become wealthy.
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
QE has permanently ruined bonds for investors
You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...
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