This is what we get when burocrats get involved in the stock market

On Behalf of toyman:

You might find this interesting. Harry Reid opens his mouth and starts a reaction prior to the Senate vote.

“We don’t have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company. A major insurance company — one with a name that everyone knows that’s on the verge of going bankrupt. That’s what this is all about,”

Dumba**. I like the way he put it “one with a name that everyone knows” . . . like that would soften the impact. Instead it necessitates a number of insurance companies to make statements to the contrary.

http://money.cnn.com/2008/10/02/news/companies/insurance_stocks/?postversion=2008100214

Isn’t about time he retire?

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2 Responses to “This is what we get when burocrats get involved in the stock market”

  1. Ed F. Bias Says:

    And yet his comments about the “outsourcing of jobs” and the fact that “we lost the war” have no impact on people and their perceptions about such things.

    More evidence that any control by the government is risky at best and destructive at worst.

  2. neves Says:

    And yet his comments about the “outsourcing of jobs” and the fact that “we lost the war” have no impact on people and their perceptions about such things.

    More evidence that any control by the government is risky at best and destructive at worst.


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