Tuesday, August 28, 2007

Bail us out!

Watch this remarkable rant from "Mad Money" host Jim Cramer on CNBC. Isn't it funny how quickly free-market types turn to the government when things go wrong?

Slate's Daniel Gross puts it best when he writes about these characters having a special bye-law which says "The government should never intervene in the economy, unless it is to bail out hedge funds and investment banks". (For the record, I certainly don't hold the position that government intervention should be ruled out because it might help reckless financiers.)

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