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btw, does it strike anyone but me that the attempt to loot Soc Sec funds and put them into the stock market was an indicator that the made men knew some time ago that the house of cards was coming down and needed a multi-$B injection to keep it tottering a little while longer?  just a stray thought.  we attributed it to sheer greed at the time, but perhaps it was panic.

second-order thought:  is there always an element of fear and panic in greed?

The difference between theory and practise in practise ...

by DeAnander (de_at_daclarke_dot_org) on Wed Nov 7th, 2007 at 04:10:57 PM EST
Nah, these guys still thought everything was going swimmingly back then. It really was sheer greed, actually second thought it was more petty vindictiveness against the poor.

They'd have done a lot more than just try to prop everything up for another couple of weeks if they'd suspected.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 7th, 2007 at 04:28:08 PM EST
[ Parent ]
... swimmingly, and they wanted a multi-million dollar injection into the total streams of transactions. Or else they thought {fill-in-the-blank) and they wanted a multi-million dollar injection into the total streams of transactions.

You don't need to know whether the markets booming or busting to know that those who operate as traders are better off if the government pretends that it can make financial savings for the future by handing liquidity over in financial markets in return for promises.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Nov 9th, 2007 at 03:52:09 PM EST
[ Parent ]

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