{"id":55,"date":"2009-05-24T19:25:56","date_gmt":"2009-05-24T23:25:56","guid":{"rendered":"https:\/\/www.silvertipmusings.com\/?p=55"},"modified":"2020-07-23T17:29:16","modified_gmt":"2020-07-23T21:29:16","slug":"no-bailout","status":"publish","type":"post","link":"https:\/\/www.silvertipmusings.com\/?p=55","title":{"rendered":"No Bailout"},"content":{"rendered":"<p>By: Michael D. Haughey, September 29, 2008<\/p>\n<p>Thank-you to those in Congress who voted against the bailout. I hope you had the people of America in mind when casting that vote. Now the hard work of fixing the system must begin. A bailout without fixing the system, to allow more loans to be made using the existing system, to allow derivatives and hedge funds to drag the economy further into a hole, will accomplish nothing for the average American. The regulations that worked 30 years ago must be re-instated, and new regulations are needed to accommodate new technologies. It took 30 years of implementing a flawed philosophy to create the current financial mess and no simple solution will solve it. Pretending that a bailout will solve this mess is only pandering for votes. It is way past time for that to stop. Unregulated capitalism doesn&#8217;t work in the long run, and there is no invisible hand.<\/p>\n<p>&nbsp;<\/p>\n\n\n<p>Copyright 2008: Creative Commons CC <a href=\"https:\/\/creativecommons.org\/licenses\/by-sa\/4.0\/\" target=\"_blank\" rel=\"noreferrer noopener\">BY-SA<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.silvertipmusings.com\/?page_id=457\" target=\"_blank\" rel=\"noreferrer noopener\">Copyright &amp; Reuse Conditions<\/a> for this site<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thank-you to those in Congress who voted against the bailout.  I hope you had the people of America in mind when casting that vote.  Now the hard work of fixing the system must begin.  <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,29,30],"class_list":["post-55","post","type-post","status-publish","format-standard","hentry","category-financial-crisis-2008-plus","tag-add-new-tag","tag-bailout","tag-economy"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Thank-you to those in Congress who voted against the bailout. I hope you had the people of America in mind when casting that vote. 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