The statement "free market officials in control" betrays the ignorance of those who blame the financial crisis on the free market.
In a genuinely free market, no one is "in control". There is no Fed, no Fannie, no Freddie, no TARP, and no Community Reinvestment Act. If you want to see how an economy can thrive in the absence of all these, read the first part of the following Seeking Alpha post: seekingalpha.com/artic...
Bernanke Speaks, Stocks Fall [View article]
In a genuinely free market, no one is "in control". There is no Fed, no Fannie, no Freddie, no TARP, and no Community Reinvestment Act. If you want to see how an economy can thrive in the absence of all these, read the first part of the following Seeking Alpha post: seekingalpha.com/artic...