frank miller

[Joseph Tracy]

I don't accept that this was, by any reasonable stretch a "good" way to address the bank fraud. North Dakota has a state bank and it is about the only state in the US in the black. In other words there are other options, and many were put on the table at the time. But hiring Goldman Sachs to run the treasury department is about the polar opposite of a good way to move toward a financial system that serves the interests of all citizens.  They were one of Obama's leading donors and manage to buy Republican governments and Democrat governments with ease.
OMG its 11:00  gotta get to work. Good conversation. 
On Nov 21, 2011, at 11:01 AM, kelber at mindspring.com wrote:

> Paul asks: Wasn't it good that all necessary steps were taken to keep the financial system from collapsing?
> 
> My answer:  I don't know.  And I suspect I'm in good company, with all the Goldman Sachs and Harvard Business School prognosticators.  They really didn't know what would happen either.  They just knew for damn sure that it wouldn't be good for their stock portfolios.
> 
> Laura
> 
> 
> -----Original Message-----
>> From: Paul Mackin <mackin.paul at verizon.net>
>> Sent: Nov 21, 2011 10:05 AM
>> To: pynchon-l at waste.org
>> Subject: Re: frank miller
>> 
>> On 11/21/2011 9:05 AM, David Morris wrote:
>>> On Sun, Nov 20, 2011 at 11:06 AM, Paul Mackin<mackin.paul at verizon.net>  wrote:
>>>> On 11/20/2011 11:42 AM, kelber at mindspring.com wrote:
>>>>>  The Tea Party blames the government, OWS blames the banks, but
>>>>> they're united in their outrage.
>>>> But Laura, wasn't it good that all necessary steps were taken to keep the financial system from collapsing?
>>>> In a complex society you can't cripple one of its component parts without causing great harm to just about everybody.
>>>> 
>>>> Innocent and guilty alike.
>>>> 
>>>> P
>>> Here's are symtoms of the underlying problem:
>>> Unregulated banks engineered the collapse.  Banks were bailed out.
>>> Bankers give themselves their typical big bonuses (reward for
>>> failure).  Banks contribute $$$ to Republicans to fight off new
>>> regulations.  Banks foreclose on thousands, make big profits, and
>>> gougue their customers (buisiness as usual).   Banks offer no thanks
>>> nor any remorse.
>>> 
>>> David Morris
>>> 
>> Nobody ever said the banks DESERVED to be bailed out.
>> 
>> P