tag:blogger.com,1999:blog-11719208.post700728136701968059..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: A pictorial guide to the crisisTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11719208.post-12500747455934512552008-10-26T14:30:00.000-07:002008-10-26T14:30:00.000-07:00Re: Point #3: Alexander Hamilton struggled from th...Re: Point #3: Alexander Hamilton struggled from the founding of the country to create a real US National Bank (not just a Central Bank) - and rightly so - as a safe haven for commerce. But he was thwarted by commerce hater Thomas Jefferson, and Democrats have opposed a a strong & stable banking industry ever since.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-15368294370554261362008-10-25T13:53:00.000-07:002008-10-25T13:53:00.000-07:00Nixon goes to China, Clinton reforms welfare, and ...Nixon goes to China, Clinton reforms welfare, and Bush replaces the free market with socialism.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-5242729498723333032008-10-25T11:56:00.000-07:002008-10-25T11:56:00.000-07:00Any premise that concludes that this is a "financi...Any premise that concludes that this is a "financial crisis" is socialistic, and consequently is what creates a "gap between our aspirations and resources".<BR/><BR/>This is plain and simple risk, similar to the risks faced by investors who experienced the tech bubble. Only in this case it was high demand tied to the significant accepted risks of mortgages in a relatively larger market - residential housing.<BR/><BR/>We didn't have significant government intervention in the tech bubble, and the markets corrected.<BR/><BR/>This fabled "crisis" exists because of the size of the market and the assumed "necessary" government intervention.<BR/><BR/><BR/>Capitalism is still the best way. We lie to ourselves if we call our system true capitalism after the creeping socialism we've accepted over time, especially since the New Deal.<BR/><BR/>Social Security is not capitalism. It's the socialization of retirement "accounts".<BR/><BR/>The monetizing of mortgages is the socialization of home ownership.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-54184360689435410232008-10-24T14:44:00.000-07:002008-10-24T14:44:00.000-07:00The name of the disease cause incurability.The vot...The name of the disease cause incurability.<BR/><BR/>The vote on alternative names crisis here http://community.livejournal.com/vtumoch/771.html <BR/><BR/>The latest news on this topic, read my blog «a two-edged sword» http://vtumach.livejournal.com/<BR/><BR/>---------------------------------------<BR/>* Who among you intend to continue discussion of the withdrawal in the blog author, he must first help my (or our collective) blog to become a finalist in the most prestigious competition that each participant can apply through the winning blog to a large audience and get its response, and do not sprinkle precious seeds in hot dry sand. http://www.thebobs.com/index.php?w=1222742348477921NYAXPHUKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-19529919393369030112008-10-24T14:11:00.000-07:002008-10-24T14:11:00.000-07:00isn't the fifth proposal in Marx's manifesto the F...isn't the fifth proposal in Marx's manifesto the Federal Reserve?Anonymousnoreply@blogger.com