"The free market has nothing to do with the current financial crisis"

"Corporatism, Not Capitalism: The free market has nothing to do with the current crisis"

Reason Magazine, "Free Minds/Free Markets," says today (Sept 24, 2008):

There's nothing free market about the [US federal goverment] bailout [of the financial sector of Wall Street], writes Senior Editor Radley Balko. It's a peculiar kind of corporatist socialism, where good risks and the resulting profits remain private, but bad risks and the resulting losses are passed on to taxpayers.

Uncle Jay explains our current financial crisis--as well as anyone!

If you haven't discovered the joys of watching Uncle Jay Explain the News each week, this is an excellent opportunity for you to start. Go to:

http://www.unclejayexplains.com/2008/09/21/uncle-jay-explains-the-news-sept-22-2008/

and Uncle Jay will explain financial crisis, in an episode that does every bit as good a job as anything you've watched on CNN in the past few days, or are likely to hear from the nearest politician!

Uncle Jay explains the news "to little minds," by which, I foolishly thought for a brief while, he meant kids. Nope.