Uhhh, this leaves out the whole derivatives mess. Or did Uncle Sam force Goldman, Lehman, Bear Stearns, etc, and the banks, to create these halls of mirrors ? The derivatives markets created multiples of Trillions of Dollars in bad paper. All done with no help from Washington DC. Wall Street did it all by its sweet little self, no help from anyone. Any idea why critiques from the Right leave out this itty-bitty fact ? Anything to do with it bursting the "capitalism is perfect" balloon ? Ya think ? We have a dysfunctional system, not just a dysfunctional half of a system. What the Right says is approximately just as full of poop as what the Left says. Each wants all the blame to devolve on the other. That is more poop. It comes down to who you prefer getting screwed by. But either way you get screwed --the equivalent of violent rape : of your savings, home equity, and everything else. All for the sake of economic theories that are approximately just as false on the Left as on the Right To buy into either one of these theories is suicidal.. Billy 10/21/2011 7:45:45 P.M. Pacific Daylight Time, [email protected] writes:
_INVESTOR’S BUSINESS DAILY:_ (http://www.investors.com/NewsAndAnalysis/Article/588856/201110201854/Wall-Street-Did-It-.htm) “If Republicans are to take back the White House and Senate, they need to do a better job tying Democrats and Washington to the subprime crisis. It’s not hard, yet even their front-runner struggles to make the case.” Here’s a handy graphic: Posted at 10:44 am by Glenn Reynolds (http://pajamasmedia.com/instapundit/130125/) _http://pajamasmedia.com/instapundit/130125/_ (http://pajamasmedia.com/instapundit/130125/) Maybe "Occupy Washington" would be more in order. David -- "Anyone who thinks he has a better idea of what's good for people than people do is a swine."--P. J. O’Rourke -- Centroids: The Center of the Radical Centrist Community <[email protected]> Google Group: _http://groups.google.com/group/RadicalCentrism_ (http://groups.google.com/group/RadicalCentrism) Radical Centrism website and blog: _http://RadicalCentrism.org_ (http://radicalcentrism.org/) -- Centroids: The Center of the Radical Centrist Community <[email protected]> Google Group: http://groups.google.com/group/RadicalCentrism Radical Centrism website and blog: http://RadicalCentrism.org
<<inline: ISSloan_111021.png.cms>>
<<inline: permalink.gif>>
