See moderators -- how nice I am?
Since when is anyone obligated to walk you through this? I freely admit you are entitled to your opinions. You, stalwart conservative that you are, should respect my right to express my opinion.
There are financial predators out there FRiend, and we — everybody whose net worth is less than eight figures — are their prey. Since they can’t literally eat us alive instead they eat our money, our livelihood, our hopes, and our dreams.
While this group isn’t exclusively bankers, and all bankers don’t fit into this category, predators seem to be more common in consumer banking than elsewhere. Thanks to a combination of corruption, ignorance, and incompetence, their supporters have done a great job keeping them alive.
The US is in a dark place, where the absolutely most reckless, irresponsible bankers — who made the most reckless, irresponsible decisions — are receiving massive government subsidies. The price tag will be picked up by future generations.
That is, we are collectively putting our children into deep hoc lest bankers suffer the sting of a firm slap by the invisible hand, all the while whining that the free market continues to function.
Bankers, along with their supporters in government, tried to portray the interests of Wall St. and Main St. aligned. They aren’t. There hasn’t been a “class war” from the middle class towards the rich, but there’s been a ferocious one the other direction.
They’re fighting you. It’s not because they don’t like you — some are crazed sociopaths, but most aren’t .. it’s just a game to them. They’re playing to win; you don’t even know the game is on, much less the rules.
That's not my fault. Roll over if you like. No thanks...I'm not buying.
Warm regards honey.
No one is obligated to do any such thing. You can take Carl Levin's word for everything. It is easier than thinking.
There are financial predators out there FRiend
Like the huge financial firms on the other side of the CDO trades with Goldman?
Your restraint is admirable.
Leftists attack all business as unethical. Therefore, by an understandable but not particularly intelligent kneejerk reaction, conservatives tend to spring to the defense of all business.
This does not actually make sense. Go back and read Adam Smith, the father of market economics. He was under no delusions as to the inherently ethical nature of businessmen. He was entirely aware that given the opportunity they would (as a group) be quite willing to lie, cheat and steal (and conspire with other businessmen and with government officials) in order make a buck.
He did not assume businessmen were by nature ethical. Quite the opposite. He did, however, point out how there were built-in checks and balances (the famous invisible hand) that caused the market as a whole to function in a generally ethical way despite the unethical nature of many or most of its participants.
If, of course, the market were allowed to function. Smith also knew full well businessmen would cozy up to government whenever possible in order to be given protection from the checks and balances of the market at consumer and taxpayer expense.
This is closely analogous to the system of government set up by our Founders. They did not expect officials would be unanimously virtuous. Quite the opposite. They expected them to be self-seeking and crooked. They set up a system that functions as a sort of “political free market” and provides artificial checks and balances (similar to the natural ones in the real free market) that allow the government to function pretty well despite the unvirtuous nature of most politicians.
Why it is considered conservative to defend business practices as ethical when they are clearly not is beyond me.
“There are financial predators out there FRiend, and we — everybody whose net worth is less than eight figures — are their prey. Since they can’t literally eat us alive instead they eat our money, our livelihood, our hopes, and our dreams.
While this group isn’t exclusively bankers, and all bankers don’t fit into this category, predators seem to be more common in consumer banking than elsewhere. Thanks to a combination of corruption, ignorance, and incompetence, their supporters have done a great job keeping them alive.”
The mortgage crisis is only one more example of business as usual that is made possible by bankster control of the Fed. The Real Estate market is governed by the availability of easy credit. Banksters know ahead of time when they will turn off that spigot and plan their longs and shorts accordingly.
Goldman Sachs, et al, manipulate the system to generate more than enough money for paying off the politicians, buying the media, and targeting anyone left in a position to fight back. What can the prey do when their supposed protectors are compromised by the predators?
Very well said.
Btw, Silver is looking at $43 as I type this. It has gone there from around $7 when Urkel was elected. I believe gold was around $700 at that time. Imagine gold at $4300.
Soon you won’t need imagination.
And yeah, they are not all bad, but you nicely covered the situation and the coddling of the crooks.