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What part of free market capitalism would impose a Federal Reserve banking cartel by federal law that could loan into such a bubble?
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What part of free market capitalism would take the US dollar of gold via presidential edict allowing for the unlimited expansion of money and credit into markets in 1971? ( https://wtfhappenedin1971.com )
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What part of free market capitalism would have this state imposed central bank lend a trillion dollars into subprime via government created corporations Freddie Mac and Fannie Mae? And have them lend that to minority families, even if the banks deemed it not prudent?
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What part of free market capitalism would have this state imposed central bank loan money into a housing bubble at 1.5% APR? Do you know any capitalists who are satisfied by a 1.5% APR return on investment?
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What part of free market capitalism would have this state imposed central bank cover counter party risk on CDO's, also causing CDO insurance to become mis-priced, until it didn't?
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What part of free market capitalism would run to the banks rescue with a 1 trillion dollar bailout, to cover them till the fed could lower interest rates back down to zero?
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What part of free market capitalism would reflate the housing bubble with 0% apr interest rates? Which seems to now be causing a bubble in every sector of the US economy.
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It's true that Bush presided over the bailout, but it's also true that Obama openly supported the bailout just as much, so we know this was going the same direction either way.
The bigger problem isn’t the buy outs of 2008-2009. It’s the buy-ins and buy-backs that have occurred constantly since.