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| Home Front: Politix |
| Examiner Editorial: Uncovering the bull under the bailout |
| 2009-10-24 |
| "The U.S. Government Accountability Office questions whether the bailout saved anything other than the jobs of greedy Wall Street executives and the political hides of their protectors in government." |
| Posted by:Fred |
| #5 The essence of capitalism is people risking their own money and wearing the loss when the risk doesn't pay off. The other part of the definition is people risking their own money and getting the profit when the risk does pay off. The way many corporations are now run, the shareholders are the last to see any profits, while corporate insiders make out like bandits. There used to be a time when small time capitalists could buy stocks (such as those of railroads), hold on to them, and live on the dividends the stocks paid. Charles Darwin financed his own scientific career that way. It seems like a fable now. |
| Posted by: Anguper Hupomosing9418 2009-10-24 22:53 |
| #4 People who didn't take the risks are being forced to pay those who did and lost. -I think this is being called corporatism now. The essence of capitalism is people risking their own money and wearing the loss when the risk doesn't pay off. -exactly. |
| Posted by: Broadhead6 2009-10-24 19:07 |
| #3 Bad for capitalism as well. People who didn't take the risks are being forced to pay those who did and lost. The essence of capitalism is people risking their own money and wearing the loss when the risk doesn't pay off. It's bothered me for a while that the real problem is the huge pools of money in retirement schemes and similar, which so called professionals are playing with and at the same time paying themselves huge salaries and bonuses, while the real owners of that capital are completely excluded from making the decisions. |
| Posted by: Phil_B 2009-10-24 19:04 |
| #2 Biggest robbery in history. |
| Posted by: Bright Pebbles 2009-10-24 12:37 |
| #1 ...and numerous European banks and investment institutions that had gambled on derivative paper on unsecured mortgages that were subsequently 'honored' by the same Fed-Wall Street cliche. |
| Posted by: Procopius2k 2009-10-24 03:51 |