The Very Visible Hand

[sexual_chocolate]

(Most) Everyone is pushing for their own interest.

 

yes, but there are different ways to do this.

 

the dalai lama (since he's on everyone's mind) speaks eloquently about altruism and compassion actually serving the self immensely, since compassionate sharing people tend to be happier.

 

we all benefit when our communities are healthy, egalitarian, sharing, etc.

[Peter_Puget]

Thanks for the insights Jim.

[Hugh Conway]

And as far as the second link to the Primary Dealer Credit Facility - that's just offering more guarantees to the freaked-out banking industry. Not much of a free hand there eh?

 

I'm mystified as well as to PPs point. The fed should have bailed out the banking industry sooner? Ben hasn't dropped enough money out of his chopper? The BSC/JPM merger was tripartite - the government had a seat at the table because BSC called them to say "we fucked up and need your help"