Wednesday, March 19, 2008

Dana, You Minx, Don't Never Change.

I kinda love this gaggle exchange:

Q But, Dana, how does this square with sort of traditional conservative economic principles of limited government involvement in terms of, sort of, maybe culling the herd a little bit, letting the firms that are going to fail, fail, and thus more can sort of live on the back end?

MS. PERINO: Well, I would point out again that, remember, investors -- Bear Stearns basically went from a company that was doing quite well to failure, and at $2 a share, I should think that those investors are seeing -- feeling today the consequences of that risk in a marketplace. But I would remind you that what's right for the markets and stability for the financial system had to be taken into consideration. And that's what the Fed decided to do...



Translation: Conservative economic principles are totally fucking worthless. It's just nice to hear it from the horse's mouth, you know?

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