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Market fundamentalists have denied until banks actually crashed that there was any risk of banks crashing (remember: markets allocate risk better!), so it was not necessary to plan for that, the market would take care of it.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Wed Oct 1st, 2008 at 11:18:01 AM EST
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The market is taking care of it, all right.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Oct 1st, 2008 at 11:29:16 AM EST
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Let's take this once more for Crown Prince Knud. You're saying that because the market fundamentalists denied that there was a potential problem with the banking sector, I now have to accept that the government burns the midnight oil to make laws that there will never be sufficient time to debate or deliberate or even properly consider, in order to respond to the cries from those same market fundamentalists that we must save the banking sector?

headdesk

Can we please bring out the guillotines now?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Oct 1st, 2008 at 11:39:11 AM EST
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Can we please bring out the guillotines now?

IF I understand your meaning ...

Hey, JakeS.  I'm the resident ET violent loonie.  Work your own side of the street. :)

They tried to assimilate me. They failed.

by THE Twank (yatta blah blah @ blah.com) on Wed Oct 1st, 2008 at 01:10:34 PM EST
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