Discussion in 'Economy' started by Toro, Sep 23, 2008.
Henry Paulson, Socialist | The Big Money
More like, "Government telling Banks who to loan to" doesn't work.
Nope, more to it than that. This is a systemic failure, systemic. The real ugliness is coming out now. Check out the pay and bonuses these Wall Street types gave themselves. For what?
Yup has nothing to do with the Democrats creating the ability of the Lending and banking system to make loans to people that did not qualify and could not pay back those loans. You guys amaze me with your heads in the sand. Not only did the dems create the ability they forced the institutions to do so with more regulations.
The socialists are the ones that created this mess by insisting people that could neither qualify or afford loans should get them.
I think the whole problem with this debate is the word "free"
We associate "free" with something good, so damned near anything associated with the word resonates with us as being inherently good, too.
Free market suggests that people can do whatever they want, and surely that is a good thing.
But is it really, free?
If I am offering stocks for purchase am I free to lie to people about the books?
Then is it truly a FREE market?
No, of course not.
We limit our freedom in the market place to lie about things like that.
Now is that regulation which limits all our freedom about lying to the market a bad thing?
I think most of us think it is not.
So do we really have a free market?
We would not really want a FREE Market, because we collectively have decided tht we want our government to regulate that market such that it is a FAIR market, don't we?
And don't even get me started on how misleading the phrases "It's a FREE county" or "We are living in the FREE world" both really are.
You want to live in truly free country, try Somalia.
As citizens of a civil society we limit individual freedoms because, while the loss of our individual freedom can be most annoying, having to live with others who have total freedom would be simply awful.
We agree NOT to have total freedom because freedom isn't necessarily ALWAYS a good thing.
In issues of freedom, as with so many other things, the devil really is in the details.
Rock, read the stories about how the investment bankers ripped money out of the business and stuffed it into their pockets. The amounts are stunning.
Try, just for a moment, to look past the alibi and look at what actually happened. Now the FBI are in on it they might - just might ("Famous But Incompetent" is how an ex cop friend of mine in the States views them) - find out who's been knocking off all the money.
The more I read and hear of what has been happening the more I'm convinced that perhaps even this huge bailout isn't going to work.
Unless there's a wholesale, radical and huge revision of your financial system, this will happen again. And again the thieves will be looking to you, the taxpayer, to bail them out.
And we should depend on the same people that created the situation to fix it? Right now the dems are busy trying to create an even bigger problem by excusing and saving all the people that never should have gotten the loans in the first place. Yup great plan that.
We have companies and Corporations going tits up and you and the dems think it is a good idea to RAISE taxes and create windfall profit rip offs to drive even more companies bankrupt.
Mate, you're knackered. You've got an occupation of Iraq to pay for and this. Something has to give.
I tell ya what? You worry about Kangaroos and we will worry about our supposed "occupation".
Ya got me there Rock, I am pissing myself laughing, I'll just make sure the roos aren't kicking down the shithouse at the back
But wait.....if there's a pig out there I'm staying home
Hog hostage drama set to end - ABC News (Australian Broadcasting Corporation)
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