Comments on: Free Market Criminality

By: Sayed Shamsu Nazar fatimi

Sayed Shamsu Nazar fatimi — Wed, 14 Oct 2009 16:24:58 +0000

S Nazar Fatimi Chitral Pakistan
REAL and GROSS ROOT DEMOCRACY AS INTERPRETED BY Plato

We have made democracy our civilisation, religion and culture. Democracy is keeping in VIEW the welfare of the majority. Democracy for all. We kill millions by carpet bombing just to force them believe DEMOCRACY and follow our's.

Then why NOT ? we propose democracy, justice, equality for the majority of the world in health, economy, education and opportunities for all the deprived and un priviliged majority of the world. Why we let them die starving, thirsty and fueling war staged by the selective democrates???
ssfatimi@gmail.com

By: Da King

Da King — Wed, 09 Sep 2009 08:41:09 +0000

I'd place the seeds of the housing bubble back even further, into the 1970's. That's when the traditionally conservative (small 'c') bankers started transforming into bigger and bigger risk takers due to political pressures and legislative changes centered around increasing mortgage lending. The government created the entire framework for this disaster. The housing bubble lasted 30 years, though it really took off in the late 90's after the repeal of Glass-Steagal and other pieces of legislation were passed. Greenspan's addition to the crisis came in keeping interest rates too low from 2004-2006 as the housing bubble grew and grew.

But dishonest simpletons, like our current President, blame it all on Bush. That's convenient for him, and he can sell it to the uninformed, but it's just not factual. There is SO much more to it than that.

By: averagejoe5

averagejoe5 — Tue, 08 Sep 2009 21:33:35 +0000

It was created by the Govt. Even George Soros says that. It stems from the euphoric gutting of America in the 90's and goes right through our current congress.

By: Da King

Da King — Tue, 08 Sep 2009 18:40:13 +0000

It was also created by Alan Greenspan. What do you expect him to say ? Has even ONE government official owned up to his/her own role in the economic crisis ? I haven't heard one, and they were hip deep in the whole thing.

By: The Reverend

The Reverend — Tue, 08 Sep 2009 14:15:49 +0000

The economic depression we are currently in….was created by private greedmongers who can't be trusted. That's what Alan Greenspan said.

By: Da King

Da King — Mon, 07 Sep 2009 16:33:57 +0000

Rev,
The government bankrupted the nation, and is more in debt than any private business (or other government) in world history. SS is the biggest ripoff ever devised. There is no Trust Fund. The government STOLE it. Medicare is on track to bankrupt the nation in a few years. Yes, let's put all our faith in Big Brother. Let's have the government run everything. That has always worked out SO well in the past, lol. Crack a history book, Rev. Absolutely every all-poweful centralized government has oppressed it's people. EVERY SINGLE ONE. Yet, you think this time it will be different. It won't be. It CAN'T be.

By: The Reverend

The Reverend — Mon, 07 Sep 2009 16:07:15 +0000

Yes, I do…believe that. The bankster meltdown has brought about the depression we're in. Stubborn conservatives argue that the government forced the banksters to commit bankruptcy….that the banksters were simply doing their angelic work making profits and then the big, bad government put guns to their corporate heads and made them go bankrupt.

Sorry, that's totally ridiculous.

Have a good Labor Day, average…and all.

By: averagejoe5

averagejoe5 — Sun, 06 Sep 2009 17:03:54 +0000

"Private industry has bankrupted the country". Come on now Rev not even you believe that. And no it hasn't left 45 million Americans uninsured. Writing this, you must have been late for a picnic today. Speaking of that, have a good holiday eveyone. Is Obama Claus going to bring us gifts like more down payments for houses and car and appliances and put under a tree of some sort?

By: The Reverend

The Reverend — Sun, 06 Sep 2009 15:02:14 +0000

Private industry bankrupted the nation. Private industry has left 45 million Americans uninsured.

That's why.

Social Security, on the other hand, is secure for another 30 years.

Reagan oversaw and signed into law our current SS system. Reagan signed the bill raising SS deductions, the purpose of which was to prepare for the retirement of baby boomers. Why did the socialist, Reagan, do such a thing?

By: Da King

Da King — Sun, 06 Sep 2009 14:46:14 +0000

Rev says, "The problem is…the capitalistists are crooks. Can't be trusted. Why WOULDN'T I want the government to intervene with a new public health coverage program when capitalists in pharma and insurance are crooks?"

There you go again. There is no bigger crook than the federal government. Not even close (you've even been telling me this for the 8 years of the Bush admin yourself). The SS scam is but one example out of thousands. Why you think the government should be trusted over private industry, I have no idea. Most of the worst atrocities in history have been presided over by all-powerful governments. I think you take liberty for granted. You shouldn't.