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wcaseym (77.61)

So, then ...

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March 31, 2008 – Comments (7)

... Is that 'us the people' or 'we the people?'  I have a slight problem with the title, because "socialist" suggests "we the people".  Where in reality, decisions are taken up by the elite - these guys:

 http://us.news2.yimg.com/us.yimg.com/p/fi/15/76/29.jpg 

...suggesting 'us the people'.  No?  Still, ... this is a very good read:

When socialists take Wall Street

http://resourceinsights.blogspot.com/2008/03/when-socialists-take-wall-street.html

C.

7 Comments – Post Your Own

#1) On March 31, 2008 at 12:31 PM, TMFCrocoStimpy (93.61) wrote:

I'd highly recommend people read your link to When Socialists Take Wall Street - gets my blood boiling, but is a well written piece summarizing the hypocrisy of some of our Titans of Capitalism.

Remember, there is no "I" in TEAM, but you will find "M" and "E"

-Stimpy

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#2) On March 31, 2008 at 1:22 PM, wcaseym (77.61) wrote:

Well, ... I do believe that overhaul of financial industry regulations is long overdue. Problem I have, however, is with those who are in charge. We have all become painfully aware that after the monumental catastrophe of up to today of "fox in charge of hen house", same luminaries now offering us their plans as to how they will ensure they will never repeat the same errors, ... without admitting errors in the first place! Of course, these luminaries are all the same exact people who urged, cajoled, intimidated, lied, and bamboozled us into current financial fiasco. Fox, hen house, etc. syndrome! 

And the result? Befuddled, but essentially passive vulgar bunch - "we" the vulgar many,  continue to be guided by a small group of unelected insiders reflecting a narrow range of views and operating largely behind closed doors. No stopping this train wreck...

Anyway, we all now know (... or certainly should know!), the elites' self-appointed 'philosophes' are almost universally wrong.

Accept it, deal with it, celebrate it if you wish!

Bottoms up! [... b-burp! ]

C.

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#3) On March 31, 2008 at 8:29 PM, dwot (42.49) wrote:

Heck, major links...

Wow, awesome blog there. 

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#4) On March 31, 2008 at 9:00 PM, Tastylunch (29.30) wrote:

Excellent link dude, thanks for ruining my day. really well written and dovetails with how I feel perfectly. I remembermy grandparents didn't hate Hoover but they hated Roosevelt because they believed he drug out the depression by trying to bail us out.

In fairness to Roosevelt if he didn't enact socialist policies the communist party might have overtaken America but still.... 

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#5) On April 01, 2008 at 12:47 AM, GeordieMc (48.50) wrote:

I certainly agree with 99% of what he said.  I just have one question, which I kind of hope can be answered to bring in that last percentage point.

Whom exactly did the fed bail out?  Certainly BSC shareholders didn't get much... better than nothing, but I'm sure this will still leave a lesson that will be hard to forget.  BSC Managers cannot be that happy.  Most of their jobs are gone.  To save the company they had to sell to a competitor for a song.  Sure they got to keep their bonus, but this would have happened if the company had gone bankrupt.

 The only winner here is J.P.  Am I missing anyone?

 

Great post!

-Geordie 

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#6) On April 01, 2008 at 9:31 AM, GeordieMc (48.50) wrote:

I just posted a link to a Scientific American article on my blog.  It goes in a slightly different direction, but it is also about how economics and environmental policy interact and why that relationship is nonfunctional.

-Geordie 

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#7) On April 01, 2008 at 12:16 PM, wcaseym (77.61) wrote:

I just have one question, which I kind of hope can be answered to bring in that last percentage point.

____________________________________________________

Well, ... just perhaps, that last percentage point can be answered (... and expanded to encompass more then one percent!) by just-proposed Paulson Plan.  It's all part of it - ways and means of being able to affect wealth transfer, right?

You see, I suspect (... always did!) that the real truth is that the U.S. government and its central bank (... as well as the central banks of other like-minded countries - coalition of the willing bankers) always wanted some kind of permanant vehicle to be able to intervene in so-called free worldly market, ... whenever it feels it is necessary, desirable, ... or purely opportnistic, vindictive, predetory or destructionary.

Anyway, ... this Paulson Plan should actually be called Bush Plan, ... because it will also provide for soon-enough departing Bush a real legacy: ... the entire financial world, a subject to the central bank, to the benefit of the U.S. state, ... and by extension, to Bush's puppeteers. fwiw.

C., ... feeling irreverent today!

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