Homestead mailing list

[Gene GeRue <genegerue AT ruralize.com>]

On Mar 31, 2008, at 12:30 PM, Don Bowen wrote:

> > Only that one thing, the
> > stand that gamblers are not to bailed out at the public expense  
> > bespeaks at
> > least
> > some dram of a philosophy of self determination ....
>
> That advice is coming from someone who wants to totally deregulate the
> financial industry, Gramm.  The financial industry has proven itself  
> many
> times too greedy to not be heavily regulated.  It is not that I am  
> for a
> bail out but I am against deregulation of the financial industry.   
> They once
> again have proven themselves too greedy and slippery and need more
> regulation, not less.

Paul Krugman's column, at:

http://www.nytimes.com/2008/03/31/opinion/31krugman.html?hp

says it like I think it is. Lots of noise from politicos but business  
as usual.

ALL of the three candidates have taken big money from Wall Street.

Sweden or Norway or both did a good job a few years ago on their  
financial entities when faced with a similar crisis. I like that the  
CEOs, high-salaried people and shareholders were stripped of salaries,  
bonuses and sales cash. Here, power begets power and the greed  
meisters who caused the implode will likely escape with taxpayer- 
funded riches.