[DeathNTaxes]

It's not one or the other.

it's a combination of both.

The right balance and powers is what is necessary. The system needs to adjust though for things that it never anticipated and be built to account for human characteristics like greed.

[Ezra Pound]

My post speaks for itself. They cop to being a HUGE portion of the end result by their actions where people lost everything and committed suicide. They could have stopped it anytime. Their bullshit led the New Deal Communism and intervention abroad became a major industry. You don't think they enriched themselves by savvy investing? Truly? Then we will never see eye to eye. How about World War I and II specifically, no connection? What I posted is all they will cop to outright, do you REALLY think that's the end of the story? Who do you think owned the OTHER CENTRAL banks in America? The old Europe banking Dynasties, the same group of Gangsters.

Andrew Jackson could tell you, they are same people who tried to shoot him. You want to call that half-baked conjecture feel free but refute me with facts and look at the sources Ill offer after you do. Dispute them and I'll concede 100% and kiss your feet.

Every major economist backs the Fed because that's how they get their beaks wet. Did you know Greenspan wrote a paper saying the Fed should be torn down in the 60's? Be honest. He changed his position later in life then who did he work for? The Fed. You don't shit where you eat and he knew it.

[Ezra Pound]

Originally Posted by DeathNTaxes

It's not one or the other.

it's a combination of both.

The right balance and powers is what is necessary. The system needs to adjust though for things that it never anticipated and be built to account for human characteristics like greed.

good post

[Ezra Pound]

bump

[HeadBanger]

I thought Americans stopped learning a while back.

[Sanin]

Originally Posted by HeadBanger

I thought Americans stopped learning a while back.

Stopped learning? Dude, we take standardized tests like nobodies business.

[HeadBanger]

Originally Posted by Sanin

Stopped learning? Dude, we take standardized tests like nobodies business.

Oh yeah, I stand corrected.

[MMAFan123]

Originally Posted by Throatpoker

Exactly, that's why we should reduce as much as we can, the influence of the state over the market. Laissez faire is THE way to go, not more government intervention.

If the government had let Bear Stearns fall, we would probably be right now in a miserable depression. Personally I'd rather not have rampant unemployment, food lines, etc. etc.

Of course, the solution of the US taxpayer assuming all the risk while JP Morgan gets all the reward is bogus. The right solution is the US taxpayer to assume the risk and the reward both --- socialization.