Notary Sojac posted this on a similar thread:
“This is absolutely right, and I invite all Freepers to ponder this: What do the recent real estate bubble, liquidity crisis, and Federal bailouts of mortgage bankers say about the “laws”, “smarts”, and “cultural assumptions” of American in 2008?”
This was my response:
Not a whole h*ll of a lot. Can you say “moral hazard?” Eventually, even this country will fall because of a debased currency, like Zimbabwe.
Socialism kills freedom, every time it’s tried.
Your comment about the corporate interests getting government bailouts is a good analogy. Kudos to you!
For Graham then turn around and rag on working stiff Americans for complaining about the economic impact of government and corporate malfeasance is beyond arrogance. His personal wealth that insulates him from the impact of these policies is due largely to his actions that helped create the pain that working stiffs are now experiencing.