Monday, September 29, 2008

Socializing Losses

This bailout could permanently and fundamentally change the role of government in the American free enterprise system.

Once the government socializes losses, it will soon socialize profits. If we lose our ability to fail, we will soon lose our ability to succeed.

If we bail out risky behavior, we will soon see even riskier behavior.

~ U.S. Rep. Jeb Hensarling

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