What Went Wrong in 2008 On Wall Street

\"...capitalism has been hijacked, and I'm infuriated. For capitalism to work, people who assume risk should reap the rewards of success, but they also must suffer when losses occur.\" ~Leland H. Faust\n In the 2008 implosion, the banks that were bailed out should have been left to go under - their assets stripped and sold, their officers indicted for fraud or driven out into the street, their profits disgorged, they and their children made outcasts, leaving them in the outer darkness,wailing and gnashing their teeth.

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This, after all, is the basic moral logic of capitalism - success is rewarded, failure mercilessly punished. And this is EXACTLY what the politicians prevented from happening - all of them, except Ron Paul, who warned about it, and tried to stop it.

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"...capitalism has been hijacked, and I'm infuriated. For capitalism to work, people who assume risk should reap the rewards of success, but they also must suffer when losses occur." ~Leland H. Faust In the 2008 implosion, the banks that were bailed out should have been left to go under - their assets stripped and sold, their officers indicted for fraud or driven out into the street, their profits disgorged, they and their children made outcasts, leaving them in the outer darkness,wailing and gnashing their teeth.

This, after all, is the basic moral logic of capitalism - success is rewarded, failure mercilessly punished. And this is EXACTLY what the politicians prevented from happening - all of them, except Ron Paul, who warned about it, and tried to stop it.

None Dare Call It Conspiracy...

...so call it \"harmony of interests\". As much as liberals love to rag on George W. Bush's intelligence (or lack therof, and I do too), no national government since the Civil War has failed to be chock-full of brilliant, talented people.\nOne of them, Condie Rice (I know, compliant and corrupt, but not dumb) put, on August 6, 2001, a Presidential Daily Briefing ON THE PRESIDENT'S DESK, that was headlined \"Bin Laden Determined To Attack US\".

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Maybe you think GW spilled his Count Chocula on it or something, but I will bet any amount that Dick Cheney was at least aware of it. So how does one handle such cognitive dissonance? How does one believe in the evil that these people committed before our very eyes, and still believe that on 9/11, they were just a bunch of clueless schmucks? It does not compute.

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Pay attention to the hearings in the UK parliament - our leaders, to be undeservedly kind were extremely careful with the truth on Iraq. What else is there?

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For an excellent expose on the difference between conspiracy theories on one hand, and \"harmony of interests\" on the other, listen to Murray Rothbard's presentation on the Fed and the power elite;

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...so call it "harmony of interests". As much as liberals love to rag on George W. Bush's intelligence (or lack therof, and I do too), no national government since the Civil War has failed to be chock-full of brilliant, talented people. One of them, Condie Rice (I know, compliant and corrupt, but not dumb) put, on August 6, 2001, a Presidential Daily Briefing ON THE PRESIDENT'S DESK, that was headlined "Bin Laden Determined To Attack US".

Maybe you think GW spilled his Count Chocula on it or something, but I will bet any amount that Dick Cheney was at least aware of it. So how does one handle such cognitive dissonance? How does one believe in the evil that these people committed before our very eyes, and still believe that on 9/11, they were just a bunch of clueless schmucks? It does not compute.

Pay attention to the hearings in the UK parliament - our leaders, to be undeservedly kind were extremely careful with the truth on Iraq. What else is there?

For an excellent expose on the difference between conspiracy theories on one hand, and "harmony of interests" on the other, listen to Murray Rothbard's presentation on the Fed and the power elite;