2008 Election Bail-Out
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When are you going to make more vids CRK?
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We know you are MajasDad.
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Gingrich/ Jindal 2012!
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If you're from Baltimore I hope you've checked out HBO's series "The Wire". It's set in Baltimore and is reputed to be based in large part on real events. The best thing on TV since The Sopranos.
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irreversible: Yeah, and if we were winged fairies we could all fly to the moon.
Didn't the experience of hundreds of millions of people in the 20th century under various forms of "marxism" teach you anything? The "theory" of marxism/socialism DOES NOT WORK in real life. People like you just don't "get it"; free markets really do work.
An old saying: if assholes could fly they would blot out the sun. Well...you've got wings and it's damn dark these days.
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You're still a dick, CRK.
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You're right we dont, b/c everybody was webbed in to the thing, from builders and municipal service providers to real estate and appraisers etc. Everybody was playing the hand they were holding. It had been in motion for over a decade, by then there is no way out but eventuall failure. Politicians that blew whistles back in 04, and there were a few, bakced off b/c they had large consituencies cashing in on it all and werent in the mood to stop or slow income voluntarilly; accelerator was stuck.
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Yeah these bailouts are horseshit no doubt about it kind of like aig celebrating there bailouts by going to a spa.
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If the United States was a socilaist nation there wouldn't be a ruling class to abuse the "litte guy".
IrreversibleCurse 3 years ago
And if it were truly a capitalist country, the government wouldn't be bailing out Bankers, with taxpayer dollars. CRK
CrackrocKid 3 years ago
I look at the bailout unlike most. Banks were forced by govt to make loans based on things other than value and income. GSE's feigned comforter by promising to buy the loans, bundle and defer risks and resell them. So govt propped up an ENORMOUS sector and related sectors. Banks basically got an effective lawsuit settlement for being forced by govt to fund and initiate the entire cherade. Everyone was fine with it or complicit before it went bad. People saw it coming and ignored it, voters too.
FarFromEquilibrium 3 years ago
Look, if there's a problem coming or a collapse which requires the government to pay tax payers' money to institutions whichin turn charge tax payers money for goods and services... well, that's a plan which needs a name attached to it, some one to be accountable, again we don't have any one person to point to and say "They are responsable for this." CRK
CrackrocKid 3 years ago