Comments on: Geithner and Summers Protect Free Market Mantle Against Regulatory Reform http://moneymorning.com/2009/10/29/geithner-and-summers-against-regulatory-reform/ Global Investment News Tue, 14 Feb 2012 18:37:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: FredianoB http://moneymorning.com/2009/10/29/geithner-and-summers-against-regulatory-reform/comment-page-1/#comment-12206 FredianoB Thu, 28 Jan 2010 15:50:35 +0000 http://www.moneymorning.com/?p=9702#comment-12206 Stunning revisionism; no mention of Giethner's role in introducing the Fed backup bailout of LTCM, the socialiszation of risk, the embrace of moral hazard. That has nothing to do with 'free markets.' It has everything to do with fat fingered federal meddling in free markets by connected cronies, sweet deals between Wall Street and K Street. At most, soft fascism. Spray painting that as 'free market capitalism' is the most transparent aparatchik propaganda imaginable. Stunning revisionism; no mention of Giethner's role in introducing the Fed backup bailout of LTCM, the socialiszation of risk, the embrace of moral hazard.

That has nothing to do with 'free markets.' It has everything to do with fat fingered federal meddling in free markets by connected cronies, sweet deals between Wall Street and K Street.

At most, soft fascism. Spray painting that as 'free market capitalism' is the most transparent aparatchik propaganda imaginable.

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