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  • From: Gene GeRue <genegerue AT ruralize.com>
  • To: Homestead <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] Politics
  • Date: Mon, 31 Mar 2008 12:42:57 -0700


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.





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