So, if Goldman Sachs was so EVIL that now the SEC needs to punish them with a civil suit, then they are surely EVIL enough to be gone after criminally.....
But that might cause a problem - why? Because so many in the Obama administration have Goldman Sachs on their resumes....
So here is the question - If GS is so AWFUL - how is it its former employees are now so QUALIFIED to run this Country?
And if GS is deserving of a civil suit, then by God, Fannie and Freddie need to be included in the SEC suit and certainly in CRIMINAL CHARGES.....
My bet is that Goldman is being thrown on the alter so that the BO Administration can take a tighter control on yet, another industry.
Hey, here is an idea. If you want to clean up an industry, then send the guilty to JAIL.... Make no special allowances for ANYONE - hear that BO Admin? Do something WRONG/ILLEGAL/UNETHICAL, you pay the price.... Let companies that fail to do their duty fail, shutter their doors, face the angry mobs....
But what you DONT DO is give the angry mob's money to the company to keep them open.... Or as we are seeing, those angry folks will most definitely VOTE you out at the next opportunity!
All I know, is that after giving THE MOST MONEY FROM WALL STREET, I would expect more from my bought and paid for politician.... I wonder if Goldman Sachs can get its money back from Obama?
And NO - this isnt about a failure of capitalism. We havent had TRUE capitalism for a long while - The FED isnt capitalism.... Bailouts are not capitalism.... Taxing banks in order to create a slush fund to avoid failure is not capitalism and honestly, this FIAT money system we have going on world wide is not capitalism.
How about before we give up on capitalism, we actually give it a try? How about if you make it, you keep it and you get to decide who it goes to - and how about if you dont make it, you fail, you pick yourself up, set an example for your kids and keep trying.
How about we just give it a try for maybe 1 year - 18 months tops and I bet we dont even recognize this Country at the end of it.... And I bet that is a good thing....
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Pearls,
I think what we are looking for is a free market economy. Capitalism essentially means money talks, and government routinely makes concessions and makes deals to support and promote capitalists.
It is the free market economy that frees the forces of demand and supply to moderate corruption and tyranny.
I don't think President "What is so bad about shooting the loud or rich guys so we communists don't have anyone breathing down our necks" Obama expects to face another election. I think he expects to take over the bankrupt states, and declare himself dictator for life. That is the only thing that makes sense of his "agenda".
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