Sources: SpaceX, CBS News
quote: People who believe Government action is inherently safer, more cost effective, or somehow preferable to the private sector are idiots. Plain and simple.
quote: Greta idea! Lets trust the Fannie Maes and Freddy Macs of the world to run free, unfettered by regulation. They'll sort it out!
quote: debt issued by them implicitly had the full faith and credit of the United States behind it, making them pseudo-Treasury bonds.
quote: The fact is, their own literature states that they have no backing of the US government:
quote: The Private Sector as administrators will always win, because there's an innate source of accountability in the form of the consumers right to choose -- assuming that competition exists. Regulation is intended to protect the existence of competition, and shouldn't go beyond that. Once the Government becomes competition, it destroys the Economic ecosystem.