Wednesday, August 17, 2011
If Paulson and Bernanke won't listen to Ron Paul, will they listen to Ms. Schwartz? Bernanke says she wrote ?
People tend to only hear the part they want to hear. I wholy agree that we should punish those who made bad decision and reward those who make the right ones. The problem is that the current environment, we only reward those who make decisions that profit in the short term, and not care about the future. This decision of buying stocks seems worse than the buy out to me. I was taught that facism and Nazi Germany as bad because they own certain businesses. I know it's propaganda in some degree, but it feels wrong when our government doen't even follow their own propaganda. It's like how China says it's still communist and just redefine communism to include capitalism. Is the banks going to sell more shares and further dilute the current shares???? We should follow Spencer's economic advice, "Survival of the Fittest", to occur. Japan try to save their banks in similar fashion in the early 90's do to similar problems, (Real estate bust) and they never recovered. He should look at modern day models as well. They do exist.
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