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President Obama, please:
The idea that the markets can regulate themselves is only rational in the world of Leave it to Beaver. Ethics have been thrown out the window in favor of maximizing profits and beating out the competition. Even with all the regulations we have in place now, they continually find every loop-hole and technicality that allows them to manipulate the system to their advantage. The problem is greed.
3 opposers found this helpful.
Supporting put the "washington consensus" up for debate
Sure, it sounds good to just say: “let’s solve this with the free market” , but the fact is that this mentality holds no tangible evidence that the free market can be considered a solution. However, there is plenty of evidence to confirm that in time of crisis, relying on ‘free market’ solutions has led to widespread social problems and further economic problems – argentina, chile, poland, russia.
2 opposers found this helpful.
the free markets made this happen and now they want government money. let them fail.
1 opposer found this helpful.
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