Posted on 01/23/2009 6:48:28 AM PST by cartervt2k
Although everybody claims to love the market, nobody really likes the rough-and-tumble of competition that produces the essential "creative destruction" of capitalism. At bottom, this abhorrence of competition and change are the common theme that binds together the near death of the American car industry, the collapse of the credit market, the implosion of the housing market, the SEC's disastrous negligence, the Madoff Ponzi scheme, and the other economic catastrophes of recent months....
(Excerpt) Read more at slate.com ...
He is certainly an expert in “cronyism.” Inherited a billion, purchased the governorship. Of course, you have to wonder if, when he complains about the corruption of capitalism, he is really just offended by the high price of prostitution.
Pretty good article. Surprised it’s from that idiot.
http://www.freerepublic.com/focus/f-news/2169799/posts
The rehabilitation of a scumbag begins. A show on MSNBC in
the future?
Hypocrite. Didn’t he stop all competition to his NY Emperor’s Club?
As opposed to the non-essential "vindictive destruction" of capitalism that Spitzer specialized in.
*sigh*... remember the good old days when disgraced perverts would hide in shame for the rest of their lives? and save the rest of us (and their family) the embarrassment of reminding us of their downfall??
The SEC may have missed Madoff, but that is small beans compared to the subprime debacle - which was NATIONAL POLICY! Congress made Fannie and Freddie untouchable, everyone loved the fiction of home-ownership for the masses, and the Fed was pumping 0-1% money through the major banks for nearly 4 years after the previous bubble, internet-tech, burst in 2000.
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