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In the fast-moving blur that our financial sector has become,  I vaguely recall the argument that taxpayers (or Asian creditors) could someday turn a profit on the “distressed assets” they’ll be purchasing in a few week;

Still, I’m a bit skeptical. I should note that I haven’t heard this claim in the political posturing that has passed for Congressional debate the last few days. (I wonder how many pols are willing to put their principled free-market stands through the risk of a real-world test. Very few, which is why we’re more likely to end up with a package that includes tax rebates for you and me.) But we may hear it again, so it’s worth dissecting, however briefly. If there is a profit to be made from these assets, why don’t the companies keep them or why doesn’t some enterprising private-sector investor snatch them up?

I’ll be waiting for the answer.

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Truckers are still at it. More power to them. It’s unclear to me, however, why they believe government is the solution. If I recall, many truckers were leery of the government telling them how many hours they could drive in a row. Why do they think the government should tell oil companies what they should charge for diesel fuel? Or do they want something else?

One man’s unnecessary regulation is another man’s relief from unnecessary pain and suffering.

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