The Scotsman
Well-Known Member
COMPLETELY ludicrous - if the banks are not bailed out NOW, THE WHOLE ECONOMY STOPS - then your working stiff not only doesn't have a house, he doesn't have a job!!!!!!!!!!!!!
Based on the fact that the whole financial system seems to be based on the fantsay of stability; some huge great confidence trick the likes of which has not been seen since Ponzi, all fueled by the the lure of easy money based on beguiling quasi-financial securities. So eventually the whole thing goes phut and we have to throw out a life line. Is this how nature sorts itself out. Lehman got what it deserved it was thrown to the sharks and died. Isn't that captialism?
Isn't it amusing that over the past 10 to 15 years those demi-god financial gurus that have been advancing the cause of open markets and non-intevention and minimal regulation are now the ones who have to go cap in hand to the public for help!
Surely by driving out the weak the strongest will survive
or...............as Dickens wrote
"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."