The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: koan	11/8/2010 2:01:59 AM
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alternet.org Classic Republican cliches simply cannot support the weight of such large-scale human agony. It will force thoughtful Americans to discover what the original Populist advocates of the 19th century discovered and which I wrote about so long ago -- namely, the profoundly exploitative impact unregulated banking has upon all the sundry millions who are not bankers. The descriptive word that came to be affixed to these upheavals was "panic." They made their destructive appearance in every generation. The first to raise the alarm was Thomas Jefferson whose warning I used as the frontispiece of my book Democratic Promise in 1976, to wit: "I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country."

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