So it’s worth a reminder that the meltdown had its roots in government intervention. The following video is a replay of the actions of some key figures (including Barack Obama) in their own words:
That’s not capitalism at work, it’s heavy handed (but, as they always try to tell us, well intentioned) government intervention in the capital markets. It’s a classic example of why socialism does not and cannot work.
Also here’s Corcoran on Michael Moore’s new movie Capitalism:
... Bank robbery is a theme of the movie. In the latest issue of Vanity Fair, however, two veteran financial reporters tell a different story of how the banks were ordered to a meeting by Paulson who staged what they call a reverse bank robbery. "It was basically a reverse holdup, with Paulson holding the gun and forcing the banks to take the money." That’s statism, not capitalism. ...