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I agree about the baleful effects of deregulation. It proponents would now be adorning the ends of long sharp poles in other worlds and times equivalent to this.  But, amazingly, given all the evil and stupidity that can legally be done, it appears that Fanny, Freddy and AIG all may well involve accounting fraud.  Roaring greed impales itself in its attempt to get just a little more!

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Sep 24th, 2008 at 12:58:49 AM EST
[ Parent ]
... activity engaged in by those who find that their institution is under water and are trying to get back to solvency before "anybody finds out" ...

... that provides enough scapegoats to allow the systematic policy that put those firms under water in perfectly legal ways to escape unscathed.


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 Wed Sep 24th, 2008 at 09:09:34 AM EST
[ Parent ]
We have to drive a stake through both the perpetrators and the policies.  If we let the perps off, they will be emboldened to begin anew to subvert any reasonable regulations so as to get their cons going again.  Discredit the policy and philosophy.  Prosecute and destroy financially all that can be convicted of fraud.  Firmly establish the connection between the deregulatory philosophy and fraudulent behavior.  Drive this home to the public.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Sep 24th, 2008 at 10:28:19 PM EST
[ Parent ]
... of right wing monetarist fairy tales and historical lies, such as the video in this diary?


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 Sat Oct 4th, 2008 at 11:36:04 AM EST
[ Parent ]

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