Eliot L. Spitzer Sunday, November 16, 2008

[Thailandnotes]

"The so-called moral hazard will serve to devalue risk in the market, and this too will have a debilitating long-term effect on capital flows. Only if private actors have to bear the real risks they incur will the market function properly. We are now perilously close to nationalizing risk.

"As the rules of modern capitalism are rewritten over the next year, those who benefit from the enormous flow of cash being spread throughout the U.S. economy must be expected to compete within a system of rules that creates a true market -- based on sound, skilled regulation, vigorous corporate governance and transparency."

http://www.washingtonpost.com/wp-dyn...303634_pf.html

[jtabeb]

Re: Eliot L. Spitzer Sunday, November 16, 2008

"The so-called moral hazard will serve to devalue risk in the market, and this too will have a debilitating long-term effect on capital flows. Only if private actors have to bear the real risks they incur will the market function properly. We are now perilously close to nationalizing risk.

"As the rules of modern capitalism are rewritten over the next year, those who benefit from the enormous flow of cash being spread throughout the U.S. economy must be expected to compete within a system of rules that creates a true market -- based on sound, skilled regulation, vigorous corporate governance and transparency."

http://www.washingtonpost.com/wp-dyn...303634_pf.html

This guy gets his character assinated for trying to promote the public good. Instead we get the Moral conservatives pushing ideological crap about free (unregulated) markets (NOT IN THE PUBLIC INTEREST) while they try to REGULATE people's personal lives.

What a bunch of damn hypocrites.