http://blog.cleveland.com/letters/2010/04/watching_wall_street_we_ought.htmlSo . . . there's this saying . . . "Insanity is doing the same thing over and over again and expecting different results."
And . . . I guess there's this OTHER saying . . . "The Free Markets WILL correct and regulate
themselves; it may take decades of time and many, many attempts, but it WILL work!
Besides, who are you going to believe? Milton Friedman or Einstein, who looks like Karl Marx??"
Yeah. And I'm sure those at the top of the pyramid will get busy on that tricklin' aaaaaaaaaaany day now, John. (quadruple Facepalm) -
The intensified condemnation of Wall Street and other private financial institutions by the current administration and Congress -- along with threats of heavier regulation -- is off target: It's the power-addicted, corrupt politicians who are out of control. Our current economic mess is the result of their mandates forcing the lending of subprime loans, with little or no down payment, to unqualified borrows -- a recipe for disaster off the get-go. :wtf: :wtf:
Indeed, virtually all of the bad things going on with our entire economy are the results of the seeds sown by Congresses and presidents over the past many decades. They have been using their dictatorial powers to mandate, subsidize, overregulate, punish or grant privilege -- all of which have been hindering the natural and effective free-market forces that would have kept prices and profits in line and unethical financial practices in check. And then they continually distract us from their culpability by falsely blaming the free market while trashing our fundamentally capitalist Constitution. That's what really deserves condemnation.
John Sanders, Lakewood Well, aside from obvious spelling, grammatical and factual errors . . . I wasn't aware that anyone in the House or Senate
made a "borrow" buy a bad loan.
And if the "past many decades" have taught us anything, it's that our presidents and "Congresses" have worked hand in hand with corporations to DEregulate and un-bridle "teh Free Marketz" to the point of Wall Street becoming Las Vegas East and for CEOs to have most of DC in their tailored pockets.
And our Constitution is capitalist. Wow. Yyyyyeah, that's news to me.
Free Markets cannot "correct themselves" or keep ANYone in check when they've proven to do the exact OPPOSITE of what Johnny Boy is blathering on about.
Man . . . can anyone clue me in as to what the HELL this munch is talking about? Seriously, I don't speak deluded idiot.