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Author Topic:   Socialism bailing out capitalism? (The Federal Reserve and the Banking problems)
Taz
Member (Idle past 3322 days)
Posts: 5069
From: Zerus
Joined: 07-18-2006


Message 14 of 38 (461250)
03-23-2008 8:51 PM
Reply to: Message 11 by Grizz
03-23-2008 6:25 PM


Re: Capitalism good, socialism bad - NOT
First of all, I need to make it clear that I am an econ dummy. About the only thing I know about economics is that I can exchange a twenty dollar bill for 2 ten dollar bills.
Grizz writes:
The fact is, the high and mighty who started it all are falling like dominos and going into the poor house - their greed and lack of foresight has caused these lenders to go insolvent.
By poor, do you mean they are literally poor poor or do you mean they have to use a smaller private jet and settle for a smaller private island?

This message is a reply to:
 Message 11 by Grizz, posted 03-23-2008 6:25 PM Grizz has not replied

  
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