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July 17, 2009
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Free markets exist ONLY so long as there is a rule of law and a regulatory state: arms-length transactions. There is no sign of that here. I think the current Administration is honest, but far too concerned with presiding over the gutting of Goldman-Sachs, our last functional investment bank. (The same reason that GM and Chrysler weren't allowed to go gently into Chapter 7.
Posted by: John Minehan | July 17, 2009 at 03:18 PM