Memo from God: "I thought I did already..."
: )
I tell you, I'm a conservative because I wanted to preserve the nation I've lived in for my children to enjoy. I kind of feel like I've failed this morning...
Posted on 09/29/2008 2:08:36 AM PDT by bugseye
To: Washington, D.C. From: Wall Street Re: Credit Crisis
Dear D.C.,
WOW, WE'VE MADE QUITE A MESS OF THINGS here on Wall Street: Fannie and Freddie in conservatorship, investment banks in the tank, AIG nationalized. Thanks for sending us your new trillion-dollar bailout.
We on Wall Street feel somewhat compelled to take at least some responsibility. We used excessive leverage, failed to maintain adequate capital, engaged in reckless speculation, created new complex derivatives. We focused on short-term profits at the expense of sustainability. We not only undermined our own firms, we destabilized the financial sector and roiled the global economy, to boot. And we got huge bonuses.
But here's a news flash for you, D.C.: We could not have done it without you. We may be drunks, but you were our enablers: Your legislative, executive, and administrative decisions made possible all that we did. Our recklessness would not have reached its soaring heights but for your governmental incompetence.
(Excerpt) Read more at online.barrons.com ...
GOD help us!
Memo from God: "I thought I did already..."
: )
I tell you, I'm a conservative because I wanted to preserve the nation I've lived in for my children to enjoy. I kind of feel like I've failed this morning...
I’m afraid that’s the only way to beat them. They fear the Cross. The founders knew it.
Perhaps it's because all those legislators, executives and administrators are either in the pocket of, or in the sights of, the real money masters and architects of this crisis...
Is it time for this country to take its money back, once again, from the Money Masters?
The Money Masters - How International Bankers Gained Control of America - 215 min - Mar 27, 2007
http://video.google.ca/videoplay?docid=-515319560256183936
Money As Debt - 47 min - Feb 12, 2007
http://video.google.com/videoplay?docid=-9050474362583451279
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
~James Garfield,
20th President
Assassinated, 1881
I wish our congress critters could all be held down and forced to watch these two videos, kinda like in Clockwork Orange... (No, they don't recommend going back to a gold standard.)
Those are excellent resources. bttt!
For anyone looking for a good education on what good monetary policy could be, research ‘colonial scrip’.
Also, check out Andrew Jackson’s personal war against predatory bankers. He was incredibly focused throughout his Presidency, and became the only man to ever completely pay off the national debt.
A few on Capitol Hill ought to see some prison time too, investments are voluntary, taxes are mandatory for the working class
What’s really concerning is that the Bank of China has its eye on some of these assets. You want to be writing your mortgage check to them? I wouldn’t mind some regulations against foreign banks directly owning mortgages.
But it isn't for lack of trying, at least not on my part. Like many here at FR we've written congress, the president, and even protested at Freeps. In my case I know I have letters on policies ranging from the environment to epilepsy printed in public/congressional records. We recently had House Republicans hold a month long protest in August, at our behest and encouragement.
What I find amazing is how Pelosi/Reid presented their energy plan which had no republican input as bipartisan. And now the bailout is bipartisan? We know it is not.
This morning I feel like we are no longer at the edge of the socialist cliff, we are not stepping off that edge...we're being shoved.
Today tears fall as I type this response to you. Silly really, isn't it. Sunset in America is over, midnight has just passed, and so dawns a new socialist nation.
“I’m 46 and there are times when I feel I/we have failed our children.”
I too am 46 and feel the exact same way as you. Damn those on Wall Street and in the Capital.
...and the GOP refuses to stick up for itself to boot!
Not silly at all, FReind. “Tragic” covers it, in truth.
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