Re: Financial Sector self-destructing
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Re: Financial Sector self-destructing         

Group: sci.econ · Group Profile
Author: Jerry Kraus
Date: Mar 28, 2008 12:42

On Mar 28, 2:34 pm, Vide...@tcq.net wrote:
> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
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>> In typical neocon fashion, the fascist at the Fed, Ben Bernanke, is
>> continuing to bail out greed, incompetence, exploitation and
>> destruction, at U.S. taxpayer expense, and, at the risk of further
>> undermining the U.S. currency.  Another 100 billion of your taxpayer
>> dollars will be going to subsidize the multi-million dollar salaries
>> of CEO's of vicious, worthless and incompetent Wall Street Firms.  God
>> knows, they've earned it!  After all, what are taxes for, if not to
>> finance the destruction of the U.S. military and the Nation of Iraq,
>> and to ensure that CEO's and their immediate families can live in the
>> fashion to which they've become accustomed -- that is, like Royalty.
>
>> Of course, even the government doesn't have enough money to finanace
>> these scum out of their entirely self-created problems.  They've
>> created nothing, done nothing, stolen, lied and cheated the nation and
>> the world for decades, and now they can't find anyone stupid enough to
>> let them cheat them anymore.  So, they've come crying to their buddies
>> at the Fed, who are more than happy to bail out "family" like them.
>> But, shortly, even they may have to face reality.  The CEO-leeches on
>> Wall Street are no better than the rest of us -- they are worse.
>
>  what i find hilarious, outside of a couple of complete libertarian
> cranks, where have all of the defenders of laissez-faire gone?
>  where is their outrage, why are they not publicly, and proudly
> announcing their adherence to  libertarian dogma, and renouncing their
> investments in the markets.
>  after all, they to are the indirect beneficiaries of the bailouts.
> you would think that they would be fleeing the markets, whilst
> proclaiming their beliefs. i see none of that.- Hide quoted text -
>
> - Show quoted text -

Don't expect sincerity from libertarians. All they care about is
cash. That's why they're libertarians.

The problem they have now, is that they are being destroyed by their
own policies. The government quite simply doesn't have anywhere near
the resources to save them from themselves. The rich are the only
ones who have enough money to pay taxes. And the rich are using this
tax money to bail out their own incompetent institutions, which will
only get deeper into debt, because they are totally incompetent.
Can't go on much longer.
3 Comments
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