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Re: Financial Sector self-destructing

by "Canuck57" <dave-no_spam@[EMAIL PROTECTED] > Mar 29, 2008 at 07:23 PM

<Video61@[EMAIL PROTECTED]
> wrote in message 
news:81adf41d-250b-4608-9a09-1cc00123f6c2@[EMAIL PROTECTED]
> On Mar 29, 8:21 am, ajames54 <ajame...@[EMAIL PROTECTED]
> wrote:
>> On Mar 28, 3:34 pm, Vide...@[EMAIL PROTECTED]
 wrote:
>>
>> > On Mar 28, 12:28 pm, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>>
>> >  what i find hilarious, outside of a couple of complete libertarian
>> > cranks, where have all of the defenders of laissez-faire gone?
>> >  where is their outrage, why are they not publicly, and proudly
>> > announcing their adherence to  libertarian dogma, and renouncing
their
>> > investments in the markets.
>> >  after all, they to are the indirect beneficiaries of the bailouts.
>> > you would think that they would be fleeing the markets, whilst
>> > proclaiming their beliefs. i see none of that.
>>
>> Actually I would call myself a free marketer.
>>
>> I've expected this outcome for a couple years I am really surprised
>> that it took this long to come about. Hell not only did I expect it,
>> I've even bet on it. All those puts I bought that expired worthless I
>> looked on  as the cost of doing business, now that I should be hugely
>> in the money the Fed steps in to screw me over.
>>
>> Well in all honesty there haven't been that many puts ...because while
>> I believe in a free market I know that we do not have one. Anyone who
>> saw this coming could just as easily seen the response...
>>
>> In my opinion is the stupid thing was all the morons defending the
>> current system as though laissez-faire was what we had. To call what
>> we have a free market is to indulge in Orwellian double speak of the
>> first order.
>
> free market lingo is double speak. anyone who thinks wealthy powerful
> people will not exploit a vacuum, is a fool. there is no such thing as
> a free market, as soon as government pulls out, cor****ations move in,
> and act freely. including distorting markets thru government
> corruption.
> the beauty of the new deal era regulation was that it put up a
> firewall between wall street, and the government. and for the most
> part it worked till the great free market cons came along in the early
> 1970's, and they finally achieved gold in 1981.

Didn't the USSR try that?  Government runs everything that is.

China is experimenting with "investors" and is doing quite well.

Most decays of a civilization are precluded with moral decay, socialism
and 
big government domination.
 




 1 Posts in Topic:
Re: Financial Sector self-destructing
"Canuck57" <  2008-03-29 19:23:19 

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tan12V112 Wed Dec 3 22:08:44 CST 2008.