Noam Chomsky - Liberal vs. conservative media in the US
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@herbzilla11 Like most lower people, you want a 'country' that agrees with you.But, unfortunately you totally neglect the rules of 'reality'. Most slaves resent those who will not give in to slavery. If you want to be a slave,you obviously don't want freedom, then you are in the right place. Sometimes, when we are losers,it's not society, not the government, not our family, not our race,not our religion, .....but rather the man in the mirror. You should look in the mirror, it's ugly!
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Try Global Liberal . com peoples. legitimate media and news source for liberals
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Interesting that what seems like should be someone asking a question was edited off; it just starts with [I believe part of] Chomsky's response.
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@baigandine yoo your an idiot. the government forced these banks to do these things learn the facts. the banks lost money idiot. thats why they crashed idiot.
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@nintendude60 Hey, let's make a fortune off those high risk loans and slap a triple A rating on it then sell it as a derivative no one understands. Don't worry, it's not like Republicans will ever talk about it. Poor, poor banks that got sucker punched by the government in your imaginary world.
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@herbzilla11 We spent deeper into a bottomless hole. The Federal Reserve Bank is almost 100 years old so I am not sure what qualifies as "no regulation" in your book. Check your facts and educate yourself. A fool and their money will go their separate ways, but when fools get to spend other people's money, that's just fucking criminal. Ayn Rand may be a bit too laissez-faire but Milton Friedman was brilliant and we would do well to pay heed to Friedman, Hazlitt, Hayek and von Mises.
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@AllMyFriends ever heard of freddie mac and fannie mae? look those up. you will see what i mean.
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@AllMyFriends if you look up what was passed in 2006 by the democratic held congress you will see they did exactly as i have mentioned previously. passing bills that forced banks to lend out high risk loans. or just use common sense. your a bank would you wana lend out a loan to someone you knew couldnt pay it back? um no! thats stupid. your losing money. you want that interest. so either way.. you need to do some research
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also if you look up the Gramm Leach Bliley Act of 1998, you will see that this act did the opposite of what you claim the government did... this was under Clinton, so no democrat bias here. please back up your statements with facts.
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@nintendude60 can you give me a source for that law (a trusted source like a newspaper article)? Banks were deregulated further under the Bush administration and even before then during the Reagan/Thatcher era. and the credit crunch started then under the pro-business Republicans and New Labour in the UK.
@TheCannonofMohammed Your assumption is that your government is evil and that private corporations are some kind of fluffy angelic fairies who fly around on Christmas Eve granting wishes to stupid people. Are you a multi-millionaire? It is unlikely, so you are in fact arguing for your own continued slavery. Well done.
jacksawild 7 months ago 19
@CytherLynx
"beleived (incorrectly) that we had to spend our way out of it?"
We did spend our way out of it
Don't be fooled bye Revisionist history + Ayn Rand worship
We have tried no regulation. A lack of regulation got us into the mes we are in today. The flaw in the no regulation system is that is fails to acknowledge that corporate entities never hesitate to make risky investments that threaten stability of the entire economy.
The are under no obligation to care about the big picture.
herbzilla11 1 year ago 7