Originally Posted by
papacharlie
well by now everybody who tought free capitalism without regulation was the way to go..we saw this week what free capitalism can do for you...now we all have to bail out this private companies because there where nobody regualting or checking what they were doing...what we need is some kind of regulation and say to the unions,congress and the public what we Need and Want to keep doing this job. We (pilot groups) need to be united as a hole.this is the time to standup and say enough.
Besides the grammar and spelling, this is a pretty ignorant post. No offense, but the bail-outs that happened were not because of lack of regulation. They were because of over-regulation. I'm sure I won't convince you on a chat board like this, but you really should do a little research instead of taking your cues from what you hear on tv. And, for the record, the bailouts are actually a form of government regulation. If the companies were allowed to fail, it would fix the industry. These companies were told by the government that they would catch them if they fell, so they took much higher risks than they should have. If they thought they might actually face failure with their risks, they would have been less risky in their endeavors. Just do me one favor. Read a book on economics. Anything by Sowell, Lott, or many other fine, educated men. You'll be surprised at what you don't know.