In a truly free market, BP would be toast
Center for a Stateless Society
by Kevin Carson
06/02/10
Advocates for the regulatory state are fond of complaining that things like the financial meltdown, the BP oil spill, and the like, are the result of an ‘unregulated marketplace.’ But it was federal loan guarantees that first made securitized mortgages into a marketable asset. And I wouldn’t consider a $75 million cap on liability to be exactly ‘laissez-faire’...
https://c4ss.org/content/2685
Informant: Thomas L. Knapp
https://freepage.twoday.net/search?q=oil+spill
https://freepage.twoday.net/search?q=British+Petroleum
https://freepage.twoday.net/search?q=financial+meltdown
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=Kevin+Carson
by Kevin Carson
06/02/10
Advocates for the regulatory state are fond of complaining that things like the financial meltdown, the BP oil spill, and the like, are the result of an ‘unregulated marketplace.’ But it was federal loan guarantees that first made securitized mortgages into a marketable asset. And I wouldn’t consider a $75 million cap on liability to be exactly ‘laissez-faire’...
https://c4ss.org/content/2685
Informant: Thomas L. Knapp
https://freepage.twoday.net/search?q=oil+spill
https://freepage.twoday.net/search?q=British+Petroleum
https://freepage.twoday.net/search?q=financial+meltdown
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=Kevin+Carson
rudkla - 3. Jun, 10:31
