Government regulation is too expensive

With Morgan Stanley announcing another $9.4 billion write-down, due to the subprime lending crash, the US Federal Reserve is extending $20 billion in loans to the banks. Europe is even worse, with $500 billion thrown in, though the US may be adding more as more losses hit the street.

As you can see, between the lives ruined when houses were lost, the healthy bonuses and exit packages based on voodoo economics, creating a real estate bubble and inflating prices, job losses in the tens of thousands and now more government intervention, this hands off policy is a real winner. Boy did we save money or what? The Republicans wanted laissez faire economics for decades and this is a direct result of those policies. Don't forget to thank Greenspan and the GOP for making this all possible.