Lucky... 0 #26 September 21, 2008 Quote Quote Quote And the FED is printing money as fast as they can right now. W/ not a fucking thing to back it. Been that way for almost 40 years now, bub. Here BAHAHAHHAHAA Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #27 September 22, 2008 No socialized healthcare, but a socialized financial system. Interesting country that US of A. I think this episode clearly shows that pure capitalism just doesn't work. (funny enough it doesn't work for the same reason that pure communism doesn't work either) Quote Share this post Link to post Share on other sites
FreeflyChile 0 #28 September 22, 2008 QuoteQuoteIf anyone wants to be truthful around here, the bottom line is there is plenty of blame to go around. -The greedy fuckers on Wall Street who decided to make a quick buck by granting NINJA loans. -The greedy individuals across america who decided to live well beyond their means and take those loans. -Washington DC, all sides of the aisle who were asleep at the wheel and/or receiving benefits to stay asleep at the wheel. I know that in a capitalistic society, the gov't should not be imposing regulations on the private sector but what they are supposed to do is write and enforce laws to protect those they govern. This is a HUGE fuck up and neither presidential candidate has a comprehensive plan to reverse it. At the very least, McCain warned of this back in '05. Both McCain and Obama have seedy financial advisors. If either candidate wants to reform, that's where they should start. Concur! And then some. Greed is not the problem. Greed is a constant. How good greed (entrepeneurial capitalism is encouraged/fostered) versus how bad greed is minimized is the problem. (One point I'll differ with Chris, both Sen McCain & Sen Obama have been warning of the potential consequences of bad greedy behavior. February 2006 Sen Obama introduced S.2280: STOP FRAUD Act (Introduced in Senate); To stop transactions which operate to promote fraud, risk, and under-development, and for other purposes, which directly addressed sub-prime and predatory mortgage practices. In March08 as reported by FoxNews, Sen Obama was advocating intervention and "reforming its own agencies to adjust to the realities of modern finance," at the time what Sec Paulson and Pres Bush did this week were still politically unpalatable.) VR/Marg "Greed is good. Greed is right." hehe Quote Share this post Link to post Share on other sites
