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

To: Proud Deplorable who wrote (96365)	12/6/2007 2:36:29 AM
From: Mike Johnston	Read Replies (4) \| Respond to of 306849

GS is a capitalist organization! Not only does capitalism not work it is an evil entity that must be destroyed if these financial problems are ever to be solved. GS is not a capitalist organization. It is an entity that is a quasi-socialist parasite feeding off its connection to government i.e. inside information and being at the entry point where the freshly printed money enters the economy. A system where government is massively and excessively involved in the economy is not true capitalism. In fact, aspects of socialism in the US housing market is what caused the real estate bubble, namely artificially government-imposed low interest rates, fraudulent inflation reporting, government purchases of long term bonds causing interest rate distortions, excess money issuance and socialized housing finance system as represented by GSE's.