RedState

by Walter Alarkon - 09/25/08 9:08 AM ET

The markets continue to work despite the economic crisis, as investors are staying away from buying up the undervalued mortgage-backed securities that the government plan would overpay for, writes Pejman Yousefzadeh. The capitalist system needs to learn from the failure of those assets, which is what’s going on right now without federal intervention, Yousefzadeh notes. House Democrats have bucked the online liberal activists who helped put them in power by conceding to Republicans and letting the offshore drilling ban expire, writes Yousefzadeh.

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