In a truly free market, BP would be toast
Center for a Stateless Society
by Kevin Carson
06/02/10
Advocates for the regulatory state are fond of complaining that things like the financial meltdown, the BP oil spill, and the like, are the result of an ‘unregulated marketplace.’ But it was federal loan guarantees that first made securitized mortgages into a marketable asset. And I wouldn’t consider a $75 million cap on liability to be exactly ‘laissez-faire’...
http://c4ss.org/content/2685
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=oil+spill
http://freepage.twoday.net/search?q=British+Petroleum
http://freepage.twoday.net/search?q=financial+meltdown
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Kevin+Carson
by Kevin Carson
06/02/10
Advocates for the regulatory state are fond of complaining that things like the financial meltdown, the BP oil spill, and the like, are the result of an ‘unregulated marketplace.’ But it was federal loan guarantees that first made securitized mortgages into a marketable asset. And I wouldn’t consider a $75 million cap on liability to be exactly ‘laissez-faire’...
http://c4ss.org/content/2685
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=oil+spill
http://freepage.twoday.net/search?q=British+Petroleum
http://freepage.twoday.net/search?q=financial+meltdown
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Kevin+Carson
rudkla - 3. Jun, 10:31
