[MD] [MD} The relativity of the MoQ

[plattholden at gmail.com]

On 29 Aug 2009 at 10:11, John Carl wrote:

> Platt,
> You can't make a distinction between the govt. and the capitalist system
> when the govt is wholly owned and operated by the capitalist system.

Bit of an exaggeration wouldn't you say, particularly in view of the last 
election and subsequent government business takeovers and 
compensation controls? 

> Furthermore, the banks didn't loan all that money at the behest of any
> socialist plan, they financed mortgages by the millions for the very reason
> they exist - profit.  All this happened as the result of the very laissez
> faire forces you and Ayn love so much.  Each little mortgage maker getting
> his piece of the pie, finance, re-finance and sell off the rest of the pie
> on the derivatives markets to suckers who can read a short-sighted balance
> sheet but can't  see the writing on the wall.

May I suggest you check out the "Community Reinvestment Act of 
1977.and the subsequent history of the Department of Housing and 
Urban Development (HUD) and the Department of Justice. Their actions 
requiring banks to make low cost mortgage loans to minority applicants 
who otherwise wouldn't qualify was just the opposite of laissez faire 
economics.

Platt 
 
> On Sat, Aug 29, 2009 at 6:06 AM, <plattholden at gmail.com> wrote:
> 
> > On 29 Aug 2009 at 2:50, Horse wrote:
> >
> > > Whereas under the failed capitalist system we give it all to the banks
> > > when they fuck up.
> > >
> > > Horse
> >
> > Correction. The capitalist system didn't force us to give it to the banks.
> > The government did. And the banks didn't "fuck up." The government
> > did when it forced the banks to give loans to dead beats in the name of
> > "social justice."  Someday maybe you'll recognize the nature of
> > government as force implemented at gun point.
> >
> > Platt
> >
> >
> > > plattholden at gmail.com wrote:
> > > > Except under socialism you can't keep what you earn. Any wealth you
> > > > manage to accumulate is taken from you and given to the "less
> > > > fortunate" in the name of "social justice." Welcome to your brave new
> > > > world.
> > >
> > > Life should NOT be a journey to the grave with the intention of arriving
> > safely in an attractive and well preserved body, but to skid in sideways,
> > chocolate in one hand, wine in the other, body thoroughly used up, totally
> > worn out and screaming "WOO HOO what a ride!"... Hunter S Thompson
> > >
> >
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