Free economies self-correct - and ours is not free. If it were, AIG and lots of other operations would have gone bankrupt.
This report is just one more confirmation of that. Kurt On Fri, Jul 22, 2011 at 07:03, Andrew S. Baker <[email protected]> wrote: > Economies do *not* self correct, however. > > They only appear to do so under the threat of something else happening. > When left alone, money congregates -- it does not disperse. > > > * * > > *ASB* *http://about.me/Andrew.S.Baker* *Harnessing the Advantages of > Technology for the SMB market… > > * > > > > On Fri, Jul 22, 2011 at 9:46 AM, Michael B. Smith > <[email protected]>wrote: > >> The fed, at its core, is (in my opinion) socialistic in the extreme. >> >> Economies need to self-correct. The fed attempts to stop that, and (again >> in my opinion) makes things worse. >> >> Regards, >> >> Michael B. Smith >> Consultant and Exchange MVP >> http://TheEssentialExchange.com >> >> >> -----Original Message----- >> From: Ben Scott [mailto:[email protected]] >> Sent: Friday, July 22, 2011 9:38 AM >> To: NT System Admin Issues >> Subject: The Fed Audit >> >> Dean should *love* this: >> >> "The Fed Audit" >> >> http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3 >> >> The rhetoric in the press release is rather sensationalist, but the >> fact that the Federal Reserve loaned out $16 trillion to prop up banks >> and businesses is none-the-less interesting. The full GAO report is >> 266 pages long but the introduction paints a picture of an >> organization with likely conflicts of interest, no transparency, and >> little oversight. >> >> -- Ben >> >> ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > --- > To manage subscriptions click here: > http://lyris.sunbelt-software.com/read/my_forums/ > or send an email to [email protected] > with the body: unsubscribe ntsysadmin > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ --- To manage subscriptions click here: http://lyris.sunbelt-software.com/read/my_forums/ or send an email to [email protected] with the body: unsubscribe ntsysadmin
