tag:blogger.com,1999:blog-36634196.post3549034553441658695..comments2023-10-09T11:33:37.853-05:00Comments on The IN VIVO Blog: Burst Bubbles and Bailouts: Big Pharma and the Financial MessChris Morrisonhttp://www.blogger.com/profile/04075266444951558159noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-36634196.post-29035672105882290112008-09-22T16:02:00.000-05:002008-09-22T16:02:00.000-05:00Anyone who truly believes the following is not awa...Anyone who truly believes the following is not aware of the facts.<BR/>..."Free markets don't take care of themselves. Sometimes you just have to turn to Uncle Sam to see you through. Or, as Washington Post columnist Steve Perlstein puts it, It will no longer be an easy applause line for a politician to declare that government is the problem and that markets always know better than regulators and politicians."<BR/><BR/>A cursory review of data surrounding this story will quickly yield evidence supporting tha fact that Chris Dood, Barney Frank and Fannie/Freddie manangement were complicit in undermining the mortgage market by "encouraging" risky loan behavior. Despite efforts by the President and other House members during 2005, the House Democratics turned a deaf ear to these dire predictions and instead, increased their support for additional high risk loans. <BR/>There is enough blame to go around to all stakeholders; namely, the government and the investment community. The only forum where one would ever hear a statement...regulators and politicians know better than the markets, will be a Democratic Fund Raiser. The public is too smart to be fed a biased point of view.Anonymousnoreply@blogger.com