on the very day that it demonstrates its absolute failure as the only solution to avoid complete market panic and failure is public intervention, in the form of Fed guarantees over Bear Stearns liabilities.
on the very day that self-regulation demonstrates its absolute failure, and the only solution to avoid complete market panic and collapse is seen to be public intervention, in the form of Fed guarantees over Bear Stearns liabilities.
remove the comma:
public intervention in the form It'd be nice if the battle were only against the right wingers, not half of the left on top of that — François in Paris
I was mentally inserting the comma in the wrong place, right after market panic, which sort of changed the meaning. "Few can believe that suffering, especially by others, is in vain. - Galbraith"
