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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Gib Bogle who wrote (53088)	8/3/2009 9:55:39 PM
From: Gib Bogle	Respond to of 218228

(Sorry for the clumsy expression. Ascendancy, or ascent to power, but not both.)

To: Gib Bogle who wrote (53088)	8/3/2009 10:11:18 PM
From: Maurice Winn	2 Recommendations Read Replies (2) \| Respond to of 218228

Gib, the ascent to ascendancy by GS and co is a mark of socialism because socialism is about perks and loot for those in and associated with those in power. It is supposed to be about benefits to the proletariat, but that's cant for public consumption while the real benefits go to those in charge. GM is not called Government Motors because it represents capitalism. Goldman Sachs, AIG and co are enjoying socialist benefits. <I find it amusing but puzzling that the ascendancy to power of GS and their ilk is viewed as a move towards socialism. Presumably people with these views regard Obama as a socialist > You might have noted how our own local socialist heroine enjoyed a plutocratic lifestyle, with first class travel hither and yon around the planet, at high speed through the villages if needs be and to Hell with speed limits reserved for regular humans. It's all about getting the loot. She did not worry about her carbon footprint. We capitalists would have put Goldman Sachs, AIG etc on the auction block, not handed over confiscated cash from tax payers or via diluting US$ holders by producing out of thin air mega$billion more. Warren Buffett drove a much harder bargain than did the USA government in the rescue. I was all set to bid for the assets of JPM, C, GM, GS and a few million houses, but my potential bids were usurped by the socialist kleptocrats. It would have been fun to own a bank, a car company and swarms of houses. Mqurice