Posted on 04/07/2010 11:11:36 AM PDT by Mamzelle
Informing myself about the Health Care Bill has made it difficult to know even the rudiments of the next awful thing--financial services takeover. Can someone start to fill me in, provide some background?
The second thing, and this is still under the radar, is that the dems want to nationalize 401Ks and let them be run by the government. We are $12B in debt and there is about $12B in 401Ks. You can connect the dots. It is not clear if the current talk would include IRAs, but you can bet that if the 401K nationalization gathers steam, then IRAs will be next.
Why are you posting this? You should be buying toilet paper, gold, Playboys, liquor, and LOTS of ammo RFN! ;)
Yes. It is a stunt.
Obama has no intention of having the big Wall Street Banks follow prudent laws. They own him, as do the insurance companies. They get fascist privileges into your wallet, what ideologues call “freedom.” But to protect Democratic branding, Obama needs to pretend to care about the people. The media won’t call him on it because they don’t want to say he is a liar. They still believe.
Most Republicans are in the business cult and cannot fathom that eeevil “regulations”, especially for banks that have a license to invent money, might be the prudent thing to do. If they admit otherwise, their ideology falls apart, and they are exposed as no less purchased as the Democrats.
Capiche?
A summary: Do you have any money? ALAKAZAM! LOOK, now you DON’T!
“Right now the dems are demonizing Wall Street”
Please, that is their kabuki act. They are owned by Wall Street Banks.
“and recently Greenspan has been called to defend himself.”
Oh my, we can’t have that! Anyway, he completely apologized for his libertarian useful idiot ideology on banks and finance. The Democrats will use him as a show piece to yell at to dissuade investigation into their deceit.
So if we let Wall Street banks fail then the dems will go with them -- correct?
Using even this logic, it is clear that banks should be allowed to fail and that government should butt out.
What do the bankers and insurance companies owe to Obama? Explain how the big banks and insurance companies get to take money out of my wallet. You are making some wild accusations, but you are not backing them up with a well crafted argument.
I concur that Obama does not care about the people. He is trying to grab power for the federal government.
Most Republicans are in the business cult and cannot fathom that eeevil “regulations”, especially for banks that have a license to invent money, might be the prudent thing to do.
Please explain how more regulations might be the prudent thing to do? If we had less regulations, then there would be no such thing as "too big to fail" and the market would punish poor decision makers.
I’m just getting started trying to understand it, but I read that the Treasury department can just seize any institution, any time it wants to? That means the institutions that manage 401Ks, I fear.
Well, I’ll give it a try
“If we had less regulations, then there would be no such thing as “too big to fail””
That’s plain wrong. “Less” regulations created the so-called “to big to fail.”
“and the market would punish poor decision makers.”
“The market” what’s that, a moral entity?
“would punish” How does the market “punish”
“poor decision makers” No, it rewards “poor decision makers” with huge salaries and bonuses. More risk, more reward, and get out when the getting is good. That is rational economic decisions, the product of the “free market” that has no mystical moral restriction by moral actors acting in “self regulation.” That’s Greenspanian delusionalism.
Thanks. I appreciate your attempt to explain yourself.
“Less” regulations created the so-called “to big to fail.”
The too big to fail was not caused by too many or too few regulations. It is a marxist belief that the free market cannot do its job. In the 1800s numerous large corporations went bust because of poor business practices. In the 1800s, with very little gov't regulations, the free market worked, and it worked very well.
“The market” what’s that, a moral entity?
You haven't a clue about economics, do you?
How does the market “punish”
The market drops the value of corporations that are poorly managed since they will not be earning much money. If you invest in a poorly managed company, you ain't going to make much money and in fact you might lose it -- all.
No, it rewards “poor decision makers” with huge salaries and bonuses.
I think you have been listening to and believing in the MSM mantra that Wall Street is bad, as we move forward on our March to Socialism. Businesses that pay for poor performance get exactly what they pay for -- poor performance. These businesses die and are replaced with companies that have sound pay policies.
Our problem is that we allow poor decision makers to recoup their losses at taxpayer expense. Let em die on the vine. See how many of the poor decision makers get rehired if the government is not around to bail them out. Managing a failed company does not look good on one's resume.
You are taking your focus off of the marxist policies that the democrats are touting and you are blaming big business for America's ills. You are getting sucked into the big lie.
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