Atlantis Alumni

Saturday, September 20, 2008

What Bush Junior Has Wrought

Americans need to be told a more fundamental truth: This crisis is the
result of a willful and systematic failure by the government to regulate and
monitor the activities of bankers, lenders, hedge funds, insurers and other
market players. All were playing high-stakes poker with the financial system,
but without adequate transparency, oversight or supervision.
The regulatory
failure, in turn, was grounded in the Bush administration’s magical belief that
the market, with its invisible hand, works best when it is left alone to self
regulate and self correct. The country is now paying the price for that

New York Times editorial 9-20-08.

Have we had enought yet of the Republican-conservative hatred of government and regulation?


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