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Author: SeanSean Date: Sep 18, 2008 17:25
"Fred Weiss" papertig.com> wrote in message
news:6843b16b-b742-4768-9c81-ed21fd266253@r15g2000prd.googlegroups.com...
On Sep 18, 1:13 am, Immortalist yahoo.com> wrote:
> ... to make it impossible to
> write down the debts of the four million homeowners that are expected
> to default this year, impossible to write down the debts of companies
> that have issued junk bonds, impossible for the country to get rid of
> this excess of debts that can
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Author: SeanSean Date: Sep 18, 2008 17:32
Corporations "restating" earnings; fawning business media; chief executives
diverting the blame; Securities and Exchange Commission probes initiated
after the damage is done. This Enron-WorldCom d
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Author: Fred WeissFred Weiss Date: Sep 18, 2008 17:50
On Sep 18, 8:25 pm, "Sean" now.com.au> wrote:
> FBI Director Robert Mueller said the agency’s investigations into the
> subprime loan meltdown may uncover financial crimes committed by hedge funds
> and private equity firms.
They're looking for scapegoats (today, on The Street, it's "short
sellers"). Business is always a convenient target, since they are
assumed guilty in advance in the very nature of what they do, pursuing
profit.
There may be specific instances of unethical practices and some of
those perhaps should be prosecuted. But the *primary* cause of the
current financial mess is being ignored of course - gov't policy and
regulations.
Fred Weiss
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Author: SeanSean Date: Sep 18, 2008 18:57
"Fred Weiss" papertig.com> wrote in message
news:007460ec-15b5-44e5-a35f-181d04256af7@c58g2000hsc.googlegroups.com...
On Sep 18, 8:25 pm, "Sean" now.com.au> wrote:
> FBI Director Robert Mueller said the agency
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Author: Rod SpeedRod Speed Date: Sep 18, 2008 21:02
Fred Weiss papertig.com> wrote>> FBI Director Robert Mueller said the agency
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Author: robinrobin Date: Sep 19, 2008 13:57
How much can America afford? Republicans at one point in time had a
reputation as champions of fiscal integrity.
"There's no such thing as a free lunch.
"You cannot establish sound security on borrowed money."
"You cannot keep out of trouble by spending more than you earn."
The liberal or compassion or "socailly responsible" voices have often
declared our duty as a society to step up to the plate when ever
there are crises that the private sector cannot address as well as the
public arm.
Indeed, both Democrats and Republicans, despite their constant
rivalry, each rush to assist where government aid is vital. Consider
Katrina, or the Galveston-Houston devastation today. Consider how the
world looks to America to lead, whether against Milosevic, or against
Saddam, or against international terrorism. After WWI, Europe turned
to American generosity to feed them, following the ruination of Europe
in the wake of the war.
After World War II our goodness received a dramatic manifestation in
the Marshall plan -- the vast program of assistance to help war-
ravaged nations recover from World War II. And we can be proud that...
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Author: SeanSean Date: Sep 19, 2008 20:16
> How much can America afford? Republicans at one point in time had a
> reputation as champions of fiscal integrity.
>
> "There's no such thing as a free lunch.
>
> "You cannot establish sound security on borrowed money."
>
> "You cannot keep out of trouble by spending more than you earn."
>
> The liberal or compassion or "socailly responsible" voices have often
> declared our duty as a society to step up to the plate when ever
> there are crises that the private sector cannot address as well as the
> public arm.
>
> Indeed, both Democrats and Republicans, despite their constant
> rivalry, each rush to assist where government aid is vital. Consider
> Katrina, or the Galveston-Houston devastation today. Consider how the
> world looks to America to lead, whether against Milosevic, or against ...
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Author: Day BrownDay Brown Date: Sep 19, 2008 22:34
Sean wrote:
> Best to wake up and smell the daisies growing in 2008. It's a different
> world, with different people behaving very differently than in the past.
>
> Ponder on that if you wish.
Seems like there's a word for when the government owns the business and
the business owns the government. From early in the 20th century:
"fascism".
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Author: Rod SpeedRod Speed Date: Sep 19, 2008 22:57
Day Brown daybrown.org> wrote> Sean wrote
>> Best to wake up and smell the daisies growing in 2008. It's a different world, with different people behaving very
>> differently than in the past.
>> Ponder on that if you wish.
> Seems like there's a word for when the government owns the business and the business owns the government. From early
> in the 20th century: "fascism".
Nope, fascism is something quite different to that.
Particularly when the voters get to pull the plug on the clowns when they dont like what they have delivered.
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Author: SeanSean Date: Sep 19, 2008 23:05
> Sean wrote:
>> Best to wake up and smell the daisies growing in 2008. It's a different
>> world, with different people behaving very differently than in the past.
>>
>> Ponder on that if you wish.
> Seems like there's a word for when the government owns the business and
> the business owns the government. From early in the 20th century:
> "fascism".
It was also called the Monarchy .... or the Holy Roman Empire, or even
Catholicism, when the "priests/monks" owned everything including the Kings
in the West.
So, if you tossed a few things around you may see that it's more than just
20th century style fascism. It's more basic than that. Time to dust off
one's copy of the Republic by Aristotle and read the warnings there and by
Plato.
The King is dead, long live the King.
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