19 Sep 2008

Dumbest Quote of the Day

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So some guy on CNBC was explaining why the government had to buy up all the toxic debt. He said how there were only two major investment banks left, and that “Goldman Sachs is a symbol of market capitalism around the world. If the government had let that fail, it would have sent a strong message about the strength of our system” or something like that.

So the government has to socialize the financial sector, lest foreigners get the wrong idea about capitalism. Kinda like FDR saving capitalism, or better yet, Abe Lincoln violently suppressing secession to keep alive the experiment in self-determination.

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