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It wasn't a "failure of capitalism""abused the market, raped the economy,
and stole your money"
The free market didn't fail. It was never allowed
to work.
Government has been involved in mortgages since the FDR. Since 1977, government made it possible for people who literally could not afford a mortgage to get one. Numerous attempts to "reform" the system never made it into law. And considering some of the other reform attempts over the last thirty years that DID make it into law (IRS, EEOC, EPA, SEC, FBI etc), it's doubtful that reform would have worked anyway. Government abused the market, raped the economy, and stole your money. 
Posted: Wed - October 22, 2008 at 01:59 PM
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 Pagan Vigil
Pagan philosopher, libertarian, and part-time trouble maker, NeoWayland watches for threats to individual freedom or personal responsiblity. There's more to life than just black and white, using only extremes just increases the problems.  My Thinking Blogger Nominees
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