Quote Originally Posted by masamuneehs
stocks rebounded alot yesterday, purely on hope and relief that the government is going to bail everything out.
I thought they rebounded partly because central banks around the world pumped billions upon billions of euros, dollars, pounds, yens and whatever to make sure there is still money available in the market, and it didn't all disappear like so many American banks.

And as much as those government haters from 50's and their offspring hate all governmental interventions, the primary mission of the (Western) governments is to make sure the citizens of the country can make a more or less happy life for themselves. Some people mistakenly think the role of the government is to disappear, as if that would give the people much better opportunities. Just look at the more miserable parts of Africa or Russia from early 90's to see what you get with no or a weak government.

All those big corporations are run by greedy bastards and as good a job as they usually do, I think these recent happenings demonstrate it doesn't work all the time.