Monday, September 15, 2008

Rush on Lehman Brothers:

FROM TODAY'S SHOW -- "When the federal government is involved in regulation and bailouts, it eliminates the notion of risk. It's risk that causes responsibility. Today, Senator McCain said we need more regulation. No, Senator, with all due respect, we need accountability for a change."

Our current financial crisis was caused by too much government regulation, not too little. Banks were forced to give mortgages to deadbeats who couldn't afford them, under the assumption that government would bail them out. This is not a free market anymore, and central planning does not work.

"Where is the special prosecutor? Why is it we know Ken Lay's name but not the names of all the people involved in this scandal? I'll tell you why. Because the names of people involved in this scandal are names like Chris Dodd, Franklin Raines, Jim Johnson and Henry Waxman."

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