Capitalists with Training Wheels
Tuesday, September 9th, 2008Our best and brightest; ivy league MBA’s and economists, commanding multimillion dollar salaries – take a tumble. Running off to mommy they go; looking for a bailout. These high flying executives of Fannie Mae, Freddie Mac, and the other financial institutions rolled the dice with other peoples money. Their stupid bets crapped out, and the farm is gone.
Pocket book deep liberatarians and capitalists complain bitterly when they are on a roll about government intervention in the market place. They preach about free markets, and demand lower tax rates. However, as soon as their noses get bloodied they start crying for mommy to put their training wheels back on.
Grow up executives, take your spanking for your stupid bets, and this time learn from it.