Posted on 09/18/2009 7:38:25 PM PDT by mimi from mi
Apprecieate your comment. A regulated highway with sustainable leverage ratios of 10:1 would have prevented unregulated crowding and the crashes we have experienced. We had the regulation...we deliberately took the traffic lanes away and allowed a highway of anyones’ desired width with no speed limits and no directional controls...regulations used to exist. They were eliminated so uncontrolled, rapid growth could generate previously impossible to imagine profits. Greenspan wanted a housing bubble to recoup the $7 trillion in losses with the 2000 Dot.com crash. We now are paying the price for that and MORE. This was clearly preventable. A return to regulation, transparency and disclosure is being resisted with understandable reason, but we will have no solution without disclosure and disposition and much talked about transparency. In the meanwhile there is MUCH pain yet to come..it is inescapable.
Capitalism is a Marxist pejorative against liberty. We should say freedom failed. Then it would be obvious to people that the alternative is slavery. Is that what you want? (not you, but the other idiots)
I third it. Melanin Albright wasn’t worth a damn as Sec. of State.
LOL
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