Page A1: Uncommon Knowledge: Crony Capitalism(to be precise) is root cuse of Fannie and Freddie troubles.
Democrats in Congress: a crisis of capitalism in socialist financier George Soros' phrase, and a failure to regulate our markets sufficiently. My comment: It is the combo or mix of two sectors,namely the private sector and the public sector.
The private sector may generate greed as the negative side of human behavior without ethics and morality in the minds of the predators. Where is the optimal point? Economists are still searching in the graphs! I believe that philosophy of the lifestyle should be instilled in the minds of the leaders with financial clout apropos of Mortality!
Page A2: G-7 welcomes US bailouit plan: "We pledge to enhance international cooperation to address the on-going challenges in the global economy and world markets. I endorse such statement 100% since globalization requires viable markets with stability.
Francis Shieh a.k.a. Xie Shihao,a learner in economics and philosophy to be a disciple of Adam Smith,a philosopher and an economist. Sept. 23, 2008 at 2.42 p.m.
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