Big Government meets corporate welfare

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This is an opinion item.

Author(s) Steven Greenhut
Source The Orange County Register
Date September 27, 2008
Quotes-start.png "The best approach is to let the market – that invisible hand that is the reflection of billions of decisions made by millions of people – sort things out. One can buy homes in parts of Southern California, such as Desert Hot Springs, now for 50 bucks a square foot. The market, through its pricing mechanism, is sorting out the real estate situation with lightning speed. If government props up those who hold the mortgages, it will only delay and distort this effective, but sometimes painful, process." Quotes-end.png

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This item argues against the position United States should bail out the banking industry on the topic Economic crisis of 2008.