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ehanneken's Archive on Oct 02, 2008
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The greatest cost of the bailout, writes Anthony Randazzo, is the innovation that won't happen because Congress preserved failed institutions.
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The bailout is pollution for our financial future. And most people know it. The frustrating part is that members of Congress are accepting the pollution on the grounds of efficiency. There will be no innovation to rise from Wall Street’s ashes because no one is willing to accept ashes. There is no willingness to sacrifice for the future.