Friday, September 26, 2008

Just a thought...

So if Washington Mutual can be bought out by JPMorgan Chase to avoid a government take over (but with help from the government), much like JPMorgan Chase taking over Bear Stearns (essentially under the same government help circumstances)....does either move show that maybe the government doesn't actually need to step in and that the free market can in fact fix this? Let Congress simply write the regulation that people all agree is needed without a bailout?

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