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To: MtnClimber
The government forcing banks to make loans to people who the banks know would not be capable of paying back is just like later scenes in Atlas Shrugged.

That is the Midas Mulligan versus Lee Hunsacker business that comes later. I'll be writing an essay in that thread linking Hunsacker to Dennis Kucinich, who as mayor of Cleveland over 30 year ago, was on the cutting edge of all this.

110 posted on 01/18/2009 12:09:16 PM PST by Publius (The problem with socialism is that you eventually run out of other peoples money.)
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To: MrsPatriot; MonicaG

Ping to Chapter 1.


111 posted on 01/18/2009 12:13:09 PM PST by Publius (The problem with socialism is that you eventually run out of other peoples money.)
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To: Publius

How about Rahm Emmanuel’s quote: “You don’t ever want a crisis to go to waste. It’s an opportunity to do important things you would otherwise avoid.”

Or this headline on Yahoo News:

“Financial burden of homeownership spread unequally”

http://news.yahoo.com/s/ap/housing_thirty_eight_percent

These Remind me of Atlas Shrugged.


116 posted on 01/18/2009 2:06:52 PM PST by MtnClimber (You don't have to be a weatherman to know which way the wind blows,)
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