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View Diary: Carnegie Mellon Professor: No bailout needed (305 comments)

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  •  You have got to be kidding (0+ / 0-)

    When it's the Republicans we call it war profiteering. Obama needs to distance himself from Buffet and jettison this giveaway or risk flushing the election down the toilet. Progressives don't socialize risks and privatize profits.

    •  It's capitalism. (0+ / 0-)

      Capitalism is good.  You buy low and sell high to make a profit.  It can be efficient.  Buffett thinks that the market will turn around on some of these issues.  There is nothing wrong with making a profit, so long as it is not at the expense of innocent parties.  Therein lies the difference.

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