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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (7788)	4/28/2009 9:25:39 PM
From: koan	Read Replies (1) \| Respond to of 86356

>>Corporations didn't rule Nazi Germany, Fascist Italy, Spain, Portugal. Or any fascist country. The leader of the ruling party ruled everything he wished.<< Brumar, Germany and Italy were dictatorships. When a country has a dictator nothing else matters. Certainly economic systems do not matter. One person makes all the decisions. Do you understand that Wall street lost trillions of dollars gambling on the world market with CDO's and CDS's and were making a fortune until the market went against them? And what froze the market was when one day everyone realized the CDO's which had been rated triple AAA paper was really junk status with no way to determine "mark to market". Over 50% of Goldman Sachs collateral was CDO's! I guess you are OK with our spending trillions of our tax dollars to pay off their gambling debts and bail them out? Because that is what we are doing in no uncertain terms. A lot of the TARP money went to foreign banks to pay off AIG's CDS's! We have given 182 billion dollars to AIG and there is no transparency. 182 billion and we have no idea where it went. 1/3 the cost of the Iraq war so far.