crony capitalism : Throw Them All Out : Peter Schweizer

[turningpointlive]

Warren Buffett first started buying WFC in the 90's when they were having trouble with the CA real estate, as WFC kept going down in share price he kept buying, as he always have when companies are down, if the author is implying that Buffett is unethical and made unethical moves he is dead wrong and obviously doesnt know Buffett that well, dont you think he wouldve been buying anyway as the price was down regardless if he was advising the government or not?he is clueless w/ some of his claims

[ElDiabloWhoppo]

For daring to comment on congressmen making money at the taxpayers expense

Mitt Romney's says your all just envious

[bullsnutsoz]

buffet looks like a limey stooge taking this dumb medal round his neck, He must be a closet pommie!

[highcroft3789]

congress is completely corrupt!

[4390100]

It is not just Insider Trading, Capitol Hill people are no longer there to serve the people, it seems more like the mafia with racketeering and corruption in collusion with the FED and all the banksters. There campaign contributions are coming from the banksters, many of the lobbyist are from the banksters and these Insider Trading things are caused by the very laws they make in collusion with the banksters. Looking at Obamas administration, I see Goldman Sachs related people everywhere. corrupt

[BrainDeadRepublican]

Solyndra playbook

Labour Charter of 1927, by Grand Council of Fascism, article 7: "The corporative State considers private initiative, in the field of production, as the most efficient and useful instrument of the Nation", article 9: "State intervention in economic production may take place only where private initiative is lacking or is insufficient, or when are at stakes the political interest of the State. This intervention may take the form of control, encouragement or direct management."

[arbiforumnow]

Crony caps works just fine for me, and maybe it's even a little soft on 'em aye!

[NicosMind]

I wish people wouldnt call it crony capitalism cause it gives capitalism a bad name by association. They should call it statism. Cause its through the state that most of our problems come from.

[noprotein]

@NicosMind Completely disagree. Capitalism is the problem. People over profits, support the commons, humans are not meant to be owned or lead, especially by ignorant, untrained lackeys. Sociopathic banksters the lot of them. Fuck capitalism. It's time to evolve.

[NicosMind]

@ You cant own people in capitalism youre reading the wrong books. I bet all their complaints are against mercantilism, fascism etc etc. The same complaints us capitalists make.

Capitalism is about serving people and their desires. So theres a market capitalist who serves the people. And the political "capitalist" who uses the power of the state. Banksters do what no one else in society can do. Government recognises that its wrong for individuals to do what banks do. Its democracy thats at fault

[bicyclethief2nd]

Thanks!

[dewerbylhserf]

It has become clear that without a miracle happening, quite a

few European nations and a significant number of European banks are not going to be able to

get the funding that they need from the market in 2012.  The only thing that is going to avert

a complete and total financial meltdown in Europe is dramatic action, but right now European

leaders are so busy squabbling with each other that a bold plan seems out of the question.

[dewerbylhserf]

The signs of trouble are everywhere. The signs of trouble are everywhere. All over Europe,

governments are implementing austerity measures and dramatically cutting back on spending. European banks are substantially cutting back on lending as they seek to meet new capital requirements that are being imposed upon them. Meanwhile, bond yields are going through the roof all over Europe as investors lose confidence and demand much higher returns for

investing in European debt

[livefreeordie1970]

And they passed that new law for themselves clearing themselves of insider trading. Politicians can engage in insider trading legally! WTF?! I say Tar and Feather every one of them in public. This has to change.

[dewerbylhserf]

Remember, one of the primary reasons for the financial crisis of 2008 was a major credit crunch that happened here in the United States. This burgeoning credit crunch in Europe is just one element of a "perfect storm" that is rapidly coming together as we get ready to go into 2012.

[dewerbylhserf]

Will 2012 be the year that we see an economic collapse in Europe? Before you dismiss the

title of this article as "alarmist", read the facts listed in the rest of this article first.

Over the past several months, there has been an astonishing loss of confidence in the European financial system. Right now, virtually nobody wants to loan money to financially troubled nations in the EU and virtually nobody wants to lend money to major European banks.