Kurt Nicklas
2008-10-23 20:27:47 UTC
On Fri, 17 Oct 2008 09:18:01 -0400, Jeffrey Turner
in the '90s they bailed out the banks after NAFTA caused the collapse of
the Mexican peso, and in the '00s they bailed out the banks because of
the predatory mortgage collapse. A marvelous system.
You're not describing the system, Jeff, but aberrations to the system.
For all cases, these aberrations are a result of greed.
These cases are a result of greedy people abusing capitalism.
Have a look at George Bush, his brother and his father. All
are directly connected to the Savings and Loan scam. The Bush
family was directly involved in creating this debacle.
"Silverado Savings and Loan"
http://www.webwire.com/ViewPressRel.asp?aId=3540
Both Democrats and Republicans are responsible for this.
Capitalism works very well. Problem is greed and financial
crime which is not a result of capitalism rather a result
of a lack of ethics and a result of crime.
Obama will insist on oversight and transparency which will help detect greed
and financial crime before we all have to bail out the
capitalists.
Greed is not a crime.
Nor is drinking alcohol. But maybe operating a financial institution
under the influence of greed should be a crime.
Financial institutions need to make money to stay alive, so a degree
of greed on the part of its president, board of directors and stock
holders is helpful. On the market side, I know I wouldn't want to
invest in a company where the CEO on down were completely free of
greed. I'm not saying greed must or should be the driving force behind
a business, but that a desire to make money must be there for the
company to remain a company.
Yes.The American way, which I fully support, is to trust that capitalism
is self-regulating, with little interference from government. In spite
of what has happened, the system usually works amazingly well.
In the '80s the gov't bailed out the banks after the S&L debacle, thenis self-regulating, with little interference from government. In spite
of what has happened, the system usually works amazingly well.
in the '90s they bailed out the banks after NAFTA caused the collapse of
the Mexican peso, and in the '00s they bailed out the banks because of
the predatory mortgage collapse. A marvelous system.
These cases are a result of greedy people abusing capitalism.
Have a look at George Bush, his brother and his father. All
are directly connected to the Savings and Loan scam. The Bush
family was directly involved in creating this debacle.
"Silverado Savings and Loan"
http://www.webwire.com/ViewPressRel.asp?aId=3540
Both Democrats and Republicans are responsible for this.
Capitalism works very well. Problem is greed and financial
crime which is not a result of capitalism rather a result
of a lack of ethics and a result of crime.
and financial crime before we all have to bail out the
capitalists.
under the influence of greed should be a crime.
of greed on the part of its president, board of directors and stock
holders is helpful. On the market side, I know I wouldn't want to
invest in a company where the CEO on down were completely free of
greed. I'm not saying greed must or should be the driving force behind
a business, but that a desire to make money must be there for the
company to remain a company.
The words "greed" and "greedy" frequently carry the idea of an excessive or
inordinate desire or appetite.
eggs and killing the goose to get all the gold at once. Greed tends
to the latter approach.
'from each - to each' sloganizing and all the repressive state
offices, bureaus, departments, committees and gulags that go along
with them that kills the productive goose.