FED BLINKS AS FREE MARKET SINKS

Travis Fast

I do not know if my readers have been folowing the saga in the finaincial markets but the latest news is a whopper.  Over the weekend the US gov threw Leham to wolves and the headlines cried “long live moral hazzard.”  Fast forward two long days and the US Gov ponnied-up a huge public line of credit to AIG.  So now the US Gov is in the buisiness of directly subdising the insurance industry.  So much for free markets and voluntary regulation.  It is not a bad business model that is going south it is a bad ideology.  The left needs to hammer on this.

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