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US Crony Capitalism
AinzF
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0
7-18-2008 8:23 PM
168 views
tags:
economics
,
stock market
,
credit crisis
,
crash
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/483d03a3-2d06-4d36-be7f-63076dcd19b5/F63FC378-0BD9-44DE-A609-C16B09422907/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/News/Story/Story.aspx?column=Market+Snapshot" href="http://www.marketwatch.com/News/Story/Story.aspx?column=Market+Snapshot" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/News/Story/Story.aspx?column=Market+Snapshot">The upcoming capital raising fake rally will also provide innocent small investors, including their foolish mutual fund managers, pension fund managers, etc., with an opportunity to invest heavily in toxic companies, run by incompetent managers, and supported by a corrupt set of bureaucrats and politicians.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/News/Story/Story.aspx?column=Market+Snapshot">The proper thing to do is to let what are supposed to be private companies fail. But, we don't do that. We don't practice capitalism any more. We just talk about doing so. Capitalism is a thing of the past. Instead, we now have crony capitalism. Gains are privatized for the benefit of a select few, who have good political ties, especially to the Federal Reserve and the Treasury. Losses are socialized onto the back of the taxpayers.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/News/Story/Story.aspx?column=Market+Snapshot">We have a economy based on fraud by the big banks, the Federal Reserve, and the Treasury. It is also centrally planned, just like the old Soviet Union. It will collapse just as thoroughly.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F63FC378-0BD9-44DE-A609-C16B09422907/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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