Quote:
Originally Posted by bobabode
Bring back Glass Steagle as written and no more bailouts! It's throwing good money after bad. At least Roosevelt had something to work with, we won't if we keep covering the bets of the crazy gambling addicts of Wall Street. Let them fail, that's about all they are useful for. I would like to see those hustlers doing useful work for a change. The Hoover Dam is due for a mucking out for one.
My take on the chestnut that the stockbrokers jumped out windows in '29 is that they didn't jump, they were thrown out feet first by their bookies as a warning to the rest of their ilk.
I'm with Ozmoid, I've always contended that public servants should be drafted. Volunteers encouraged but never elected by those with the most cash to spend. To which they are beholden to for the rest of their careers. If these public servants didn't perform to some minimum standards they would be demoted ultimately to the modern equivalent of a salt mine for their malfeasance. The ones who did perform would receive time off for good behavior. So that they could get on with their lives and teach their sucessors. Call me a liberal Progressive or a progressive Liberal or what have you. I consider my self a socialist in the literal sense- I'm for society as a whole. Being a hard worker should gain to you more of what you want, not free reign over others.
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Sad thing is the brain drain that Wall Street caused. They took some of the brightest in mathmatics and the sciences, directed their efforts toward beating an artificial system, rather than toward producing things of real value, but suffered real consequences when they screwed up.
Regards,
D-Ray