Wonky Pundit
USMB's Silent Snowden
How would you assess the accuracy of this analogy?if you did that banks would have to charge you a fixed fee to cover their costs;
Totally asinine. You've made it painfully clear that your knowledge of economics is limited to Newsmax talking points (and you usually misunderstand even those).
Banks are perfectly capable of not only covering their costs, but making very healthy profits on the mortgages and other loans they make.
"The situation is akin to that of medieval Europe in the wake of the Nordic invasions.
"The supra-national force of Rome in feudal times is now situated in Washington, with Christianity replaced by the Washington Consensus wielded via the IMF, World Bank, WTO and its satellite institutions such as the European Central Bank, backed by the moral and ideological role academic economists rather than the Church.
"And on the new financial battlefield, Wall Street underwriters have used the crisis as an opportunity to press for privatization..."
"The class war is back in business, with financial tactics playing a leading role barely anticipated a century ago."
The Ideological Crisis Underlying Today
Before I address this analogy, I would like to know just one minor detail. Was it your intention to apply it to my argument about the banks? If so, would you be good enough to explain how you're getting from point A to point B? Not trying to be confrontational; I just want to make sure my answer fits within this context.