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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (13767)9/20/2003 1:18:14 PM
From: Elroy JetsonRead Replies (3) | Respond to of 306849
 
Money in bank accounts isn't in banks.

The money is lent out to the housing bubble.

The resulting losses will be socialized and paid for by the taxpayer, lest either the wealthy account holders or the bank's shareholders suffer a loss.

It's called trickle-down. The tax cuts flow out to the wealthy - and the losses trickle back down to the state.

As Ludwig von Mises or Charles Rist would point out, what currently passes for capitalism in the US is actually national socialism - only the current Fuhrer is not as charismatic or intelligent as the original.



To: GraceZ who wrote (13767)9/22/2003 2:58:31 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
>>Money in bank accounts isn't in banks.<<

and exactly how did the above relate to what i said...

"the tax cut benefited the elite rich's bank accounts and that's about it."

last i checked, bank accounts where at banks.

are you ok? or did you just have a smart *ss answer you just had to use even though it didn't apply at all? -lol-


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