Very tenuously P: London marches and revolt
Joseph Tracy
brook7 at sover.net
Thu Apr 2 12:38:00 CDT 2009
> The trouble with NOT bailing out the bankers is that it's not just
> their system but ours as well
>
I don't accept this premise. "We" cannot gamble our businesses
deep into debt and get bailed out. "We" did not dismantle the limits
on usury. "We" did not create a system of predatory lending. Does
your life depend on borrowing money from Citi Bank or the
continuation of Goldman Sachs or AIG. MIne doesn't. "They" tell
us again and again every day in many ways that this is "our" economy
and they are always lying.
There are alternatives, from the subtle to the radical and all the
smart people and all the ethical people are pushing for taking over
insolvent banks and more serious regulatory reforms. We need to
listen to the people who saw this coming like Roubini, Nomi Prins,
and serious ethical economists like Stiglitz, Krugman, Galbraith,
etc. and look at other models like northern Europe, Japan.
Predatory usury , war , and borrowing is not a sound economic model.
The more" They" prop it up the more suffering will result.
I cheer and applaud the people on the streets in London. I don't
want to eat the bankers. I just want to ease them into the nice safe
penal colonies they have built to protect us from violent crime and
theft, and return their money to its rightful owners.
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