[lbo-talk] Endgame in the banking sector

boddi satva lbo.boddi at gmail.com
Mon Sep 15 11:17:00 PDT 2008


Well, of course William Poole resigned in March, so I guess it is you who needs to catch up on reading, not I.

Poole also said that Fannie and Freddie should be liquidated and that it was unfortunate that we could reasonably expect the government to rescue them. He's a laissez-faire lunatic who has gotten the entire credit crisis empirically wrong because he's blinded by ideology, as has the rest of the Administration.

I have no idea what point you are even trying to make other than trying to gainsay that which is tru eby any reasonable definition.

On Mon, Sep 15, 2008 at 5:03 AM, Eubulides <paraconsistent at comcast.net>wrote:


> boddi satva wrote:
>
>> Frankly, I find your argument incomprehensible. The FIRST thing Poole says
>> in the article YOU cite is that intervention during crisis is wrong.
>>
>> If Poole is not laisez-faire in your book, your book really doesn't
>> matter.
>>
>>
>>
> ===============
>
> Well you are the master of unreading.
>
> So why hasn't Poole resigned in protest?
>
> Perhaps you might want to check up on the myths of laissez faire.
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

-- peace,

boddi

http://financialroadtosocialism.blogspot.com/



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