http://www.politicallore.com/economy/buyout-and-our-future/395 Wed, 17 Mar 2010 06:08:14 -0400 http://wordpress.org/?v=2.8 hourly 1 http://www.politicallore.com/economy/buyout-and-our-future/395/comment-page-1#comment-8707 Charles Smyth Sun, 28 Sep 2008 22:23:45 +0000 http://www.politicallore.com/?p=395#comment-8707 Wall Street and the Banks did exactly what the government wanted them to do. It has nothing to do with deregulation. Furthermore, very few Americans declined the credit made available. If this problem is to be avoided in the future, the answer is to uphold the law with regard to fractional reserve banking as it relates to the irregular demand deposit--one's wages, etc. And limit the government's ability to print money backed by the ability to raise taxes. Capitalism has absolutely nothing to apologise for. Wall Street and the Banks did exactly what the government wanted them to do. It has nothing to do with deregulation. Furthermore, very few Americans declined the credit made available. If this problem is to be avoided in the future, the answer is to uphold the law with regard to fractional reserve banking as it relates to the irregular demand deposit–one’s wages, etc. And limit the government’s ability to print money backed by the ability to raise taxes. Capitalism has absolutely nothing to apologise for.

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