Financial crisis resolution:
It's all about burden-sharing
Charles Wyplosz [1]
20 July 2008

Should taxpayers bail out the banking system? One of the world's
leading international macroeconomists contrasts the Larry Summers
"don't-scare-off-the-investors" pro-bailout view with the Willem
Buiter "they-ran-into-a wall-with-eyes-wide-open" anti-bailout
view. He concludes that either way, taxpayers are always the
losers. The best policy makers can do is to be merciless with
shareholders and gentle with bank customers.

An old and familiar debate is back. Should taxpayers bail out the US
banking system, quite possibly the British and European ones as well?

There are two standard views on the multi-trillion dollar question of
who pays for getting us out of the financial crisis:

* One view is that the situation has become so desperate that
ordinary citizens will in any case be paying a high price for the
crisis; throwing money at banks right now might lower the overall
burden by preventing a deep, protracted recession.

Theophilia and Race Crime
---------------------------------
Theophiles as lovers of gods do an awful lot of hating- largely
through mass ignorance of evolutionary reality and bucket loads of
monotheistic prejudice against any worldview other than their own.

Plutocrats as lovers of wealth are the chief peddlers and consumers of
theophilia but of late have found a much more useful ally in feminism

If the masses cannot think other than in the theophile terms given to
them by pretentious masters, they are effective isolated from secular
reality- the real world that exists.

Political power doesn't materialize in a vacuum. It must be gained by
a force of will that overcomes any opposition based on past myth.
Reactionaries naturally seek to maintain and renew these myths and
build new ones when the opportunities arise.

http://www.theonion.com/content/news/recession_plagued_nation_demands?utm_source...

V.V.

Pat's Note:

It was thoughtful of Oz to raise these matters over a wider range of
newsgroups. I don't usually take that much interest in politics, but
perhaps it is time.

If this runs the course, it will finish up at the door of the Scottish
Government. It will mean the end of any possibility for independence.

Let's take it step by step.

1. Way back in 2000/2001 the Scottish Executive took over
responsibility for Scottish vets faking blood tests on pigs in
England. They conducted an internal investigation in private and
cleared them.

Its a pretty firm legal principle that if you take responsibility for
something even illegally, you cannot then claim you are no longer
responsible by reason of your own illegal action. So the Scottish
Government is responsible.

2. Scotland's pigs were sick with MRSA then and later. They actually
refused to slaughter some north of the Border and shipped them south
for slaughter in England. They probably thought it smart. Not so smart
when you leave a trail a mile wide.

Been rather dead here (UBA) lately and I have been busy (and had a few
days 'up north') but I am amazed at the mindless goings on in the press
about biofuels, world food prices and oil prices.

Astonishingly nearly everyone seems to be so far off the mark as to the
economics of agriculture, and that includes third world agriculture,
that its positively dangerous.

So I thought a cross-fertilisation of disciplines might be useful
(assuming there is anyone in uk.politics.???).

Please for uk.politics.?? to note that uk.business.agriculture is
currently infested with a troll (pete: multiple personalities) and
gardiner (who is paranoid). Its not hard to spot either (pete will often
fake headers to pretend to be a regular poster).

PRACTICAL POLITICS April 2008 Issue No. 164

DENIAL, BELITTLEMENT, BEWILDERMENT, PAIN

In our Issue No. 159, in July 2002, we forecast the next slump would arrive
in around seven years' time. When the early signs were noted last year, they
were widely overlooked or seen as little local difficulties. Next came
awareness that matters were indeed going awry, but it was all confined
comfortably to sub-prime housing mortgages and a few banks, mostly in the
U.S.A. Then it became obvious that it was spreading

Hi,

Can anyone tell me how I can find out the cost of every day items in 1988,
such as:

A pint of lager
The average house price
A pint of milk
A Big Mac, etc...

Thanks in advance for any help. I'm preparing a best man's speech and the
bride and groom have been together since 1988 and they're only just getting
married!

Regards,

Gary

Law enforcement is now intercepting text messages,
as proven by Operation Sudden Fall in San Diego.

http://www.usdoj.gov/dea/pubs/states/newsrel/sd050608.html
http://www.signonsandiego.com/news/education/20080506-1338-bn06sdsu2.html

Don't let your personal SMS/text messages fall into
the wrong hands. Encrypt your messages with one
of these:

http://www.CryptoSMS.org
http://www.CryptoSMS.com
http://www.FortressMail.net/fortress_sms.htm
http://www.Cop2p.com/encrypted_sms.html

Be Safe, Be Encrypted, Fuck the Police!!

"...Islam has already infiltrated most of the west,
especially in Europe. Now Islam has the
combined support and encouragement of the
entire global banking community..."
-----=====0=====-----

The Silent Jihad Against the West
Culture War Dr. Vincent G. Gioia
May 3, 2008

A recsepy for disaster "offer £50 billion in taxpayer-backed loans"
It's well known fact that market cannot be "backed" by taxpayer money.
But Alistair Darling has to learn it hard way....
.......

Chancellor in £50bn gamble to aid banks

Alistair Darling will unveil an unprecedented scheme to offer £50 billion in
taxpayer-backed loans to high street mortgage lenders in an attempt to solve
the credit crisis.

http://tinyurl.com/4sy4m5