Posted by
Playful Walrus on Wednesday, December 16, 2009 7:43:50 PM
This sort of thing will end up doing little to help the average citizen, and much to hurt business and taxpayers. It is a classic example of how meddling "requires" more meddling. The federal government should let companies fail without throwing any money into them. The feds should aggressively prosecute interstate fraud and other like crimes. Other than that, they should mostly stay out of the way of business.
The more limitations, regulations, incentives, and disincentives that we have, the move convoluted the system, the more discouraging things are to the average small investor or businessperson. Lawyers and accountants and lobbyists benefit. But what about innovators and producers?