Once again, all of you sound like broken records. Its ludicrous.
People always talk so highly about the private sector saying how smart and efficient it is, but when it screws itself over they blame the government? Because of a few policy decisions?
That's like blaming the government for putting a no tax weekend on guns for people who are killed as a result of those guns. Sure the government may be somewhat to blame, but you are pointing the finger at the wrong person. There is a difference between allowing something to happen and doing it yourself. It was part of a lot of the independent Wall Street firms' business models to run a 30:1 margin on their assets and liabilities.
You guys are blaming the wrong person. Its like blaming a credit card company who gives low interest rates to its clients for those clients racking up huge amounts of debt.
I agree that the government should implement a lot more regulations and improve oversight, but why the hell is everyone pointing their fingers at the government rather than the banks who made all these loans? Just because it is easy to blame the government doesn't mean you are blaming the right person.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
