Cheer up Haim. Nothing much has changed since I became an observer of the scene a few decades ago. <The blood sucking parasites populating the financial institutions go about their pillaging practices as usual, enriching themselves on the expense of those hard working people around the world
There was a golden opportunity to punish harshly trim back to the true size WS financial institutions and recover the ill received moneys form WS workers. Unfortunate, BO failed to do the right thing and therefore, the US transcended from a loved nation to a nation which is despised in the eyes of to many people and nations around the world. >
The volatility then was the same as now. People voted for big, bigger, Bigger, BIGGER, BIGGER and B I G G E R government, with only minor changes on the way. Those favoured supporters got a piece of the action.
Plus ca change...
Unless people get a bit serious and vote for actual freedom instead of simply chanting a slogan, they'll get what they vote for and get it good and hard.
Barack did do the right thing. He seems to have done pretty much as I expected him to do which is more or less [near enough for government work] what people voted him in to do. In a democracy, the right thing is what the population vote for.
If they were really seriously against it, they have just had Congressional elections and could have handed the whole lot to Libertarians. They didn't because they don't want that. Freedom is not what they actually like.
The people working in the financial institutions are not blood sucking parasites. They are simply people working in places and hoping to attract customers and government money if they can persuade the government to give it to them. They can't force the government to do so. They have only a personal vote, not a corporate vote. They can donate money to a candidate's election campaign but that's not a vote. Votes win elections, not money, as Governator Jerry Brown's opponent found out recently.
If you don't want the government to give money to creditors, shareholders and managers of financial institutions, don't vote for them to do so [you might not do so, but plenty of others do though they might not understand that that's what they are doing].
Ron Paul didn't get many votes. He wouldn't have handed over mountains of moolah to Goldman Sachs and co.
There's no need to punish the financial institutions. Just leave them alone to make money or lose it. If they fail, another company will buy their assets, just as Barclays bought Lehman [and that process directly benefited a family member of mine who happens to work for Barclays which of course is preferable to USA taxpayer money going to my family or to the failed Lehman management, creditors or shareholders.
Mqurice |
