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To: Philly Nomad

Point 1 and 2 are not stalinist. Actions and Consequences are not Stalinists... Things like Bears, CFC, et all with no one going to jail are exactly the sorts of things that allow communism to resonate and fester.

When the wealthy can rob society without consequence, and make no mistake, your tax dollars assuming the mess these bastards created so they won’t have to give up their lifestyles is exactly that.

Point 4 is not anti GOP... regulatory agencies must do their jobs.. the SEC nor the FED did their jobs... The SEC should have upped the required cash for futures trading on oil and commodities when it was blatantly obvious that market manipulation was going on. The FED should have never let CDO’s be classified as AAA investments and should have never ever let banks and bond insurers operate with such little capital on hand.

Capitalism is nothing more than an ISM. Its an economic system, it is no more moral or just unregulated or unfettered, than any other ism. Socialism society decides the worth of the individual, in capitalism, the person with the capital decides. Unfettered the individual is no less likely to be killed for one ISM or another.. Just the justification for it changes. If your death is more profitable to the person with the capital than your life, than pure capitalism says, you die. Socialism the same thing. Morality in our nation is from the Judeo/Christian laws and governance that were adopted, they are not intrinsic to capitalism itself. Capitalism, like capital itself is AMMORAL, it assumes the morality of those who control it, it has no morality intrisic to itself.

Sadly that judeo/Christian morality, which used to be common place on nearly every board of directors of nearly every large company in this country, has largely been undermined and destroyed. Which is why you have things like this latest fiasco happening. And yes, the folks behind and responsible for it should be frogmarched and tried for their crimes.

I am still trying to figure out how the CEO of CFC could engage in such complete and utter pump and dumping, to the tune of 1/2 a BILLION dollars in his pocket, while his company was clearly tanking.. and not be up on charges.

The GOP is supposed to be about the rule of law, equality under the law, and liberty and justice for all. Both parties have completely and utterly given a pass for any sort of justice or rule of law on Wall Street. Both suckle at the tits of these snakes so badly, that no matter what they do, it does not matter.. they will bankrupt the country to keep these folks appeased, and there is NOTHING conservative about that.

Frankly the whole Credit Card Usary crap has been long overdue. The Fed should have enacted Usary, or at the very least not allowed banks to buy their way out of following state Usary laws, which is exactly what the nation banks did.

When Cali went after one, just one... and had em dead to rights the feds stepped in.. these snakes deserve to pay the consequences for the mess they have created, and what is congress doing? Writing them blank checks.

To claim conservatism justifies these is blasphemy to the conservative ideal. Conservatism is not mindless selfishness... that’s libertarianism.


19 posted on 04/08/2008 1:04:01 PM PDT by HamiltonJay
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To: HamiltonJay

What laws did Bear break?
What SEC regulations did Bear Break?

What Laws are the commodity traders breaking?


21 posted on 04/08/2008 1:10:29 PM PDT by Philly Nomad
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