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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (119588)	12/10/2011 8:14:32 PM
From: JBTFD	Read Replies (1) \| Respond to of 224748

"No profit driven bank would have considered loans to the lower income buyers unless coerced by the government." They would have if they knew they could bundle them into CDO's and sell them off at a profit, which is what they did. By the way thanks for taking the time to actually respond. It is refreshing to have an exchange that doesn't dissolve into ad hominem after one post. I think we have a lot of common ground in the understanding of the risks of concentration of power and corruption in the government. Where we may differ is in the understanding of the risks of concentration of power and corruption in the private sector. You can't blame the billions of dollars being gambled on derivatives on the government. They are not mandating that. It seems that libertarians always are pointing a finger at the government not realizing that 3 fingers are pointing back at the private sector. I also feel that we are so far beyond the hypotheticals of one idealism or another. In my opinion we are now at a juncture of an almost complete breakdown of the rule of law and also not too far from another financial breakdown. There seems to be an entitled class that can do whatever they please and get away with it, while at the same time for the masses more and more behavior is being criminalized. Now with the MF Global thing it appears that accounts at financial institutions are no longer safe.