Common sense commentary on the covid 19, politics and the economy.
We haven't had a free market for decades if ever. If we had a truly free market the shifty banks would have been sorted out long ago and never gotten too big to fail. Also we would have had the market cleared of toxic assets a long time ago if the free market would have been in place. There would be no games going on between the bankers and the fed like now. My opinion is that we are being played for the biggest fools ever by the banks. They are still in business, still sitting on toxic assets and still holding out for a better price. We have spent billions in tax dollars as the asset prices have only gotten worse. I don't think a free market could be so stupid.
your feedback and opinions welcome.
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