tag:blogger.com,1999:blog-5848640164815342479.post1207544409005428701..comments2024-03-27T15:36:44.737-07:00Comments on Haq's Musings: Story of Fear, Greed and Bailout on Wall StreetRiaz Haqhttp://www.blogger.com/profile/00522781692886598586noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5848640164815342479.post-13943434539207013442008-09-26T12:09:00.000-07:002008-09-26T12:09:00.000-07:00actually its not that ironic. in the 1930's when t...actually its not that ironic. in the 1930's when the great crash happened they put stiff oversight on regular banks to prevent what we call a bank run, where we withdraw all our money at the same time.<BR/>this moronic policy of little government insight began with the crash of the 1900's. so in the great crash we began regulating personal banks and they ignored the large investment firms. the theory was in way almost like an ayn rand novel. where by letting the smartest of us, keep more of their money and it'll eventually trickle down to us. this mindset is responsible for the savings and loan crash of the 80's. thats where they got the idea of a buy out in the 80's a firm was established to buy up all the bad debt and it worked at least in the short term. <BR/>now heres the ironic part, that money never trickled down. so all this proves a dramatic debate that has been argued over for at least a hundred years. nothing so large scale has ever occured. for some of us in this country, this is a victory. you see its always the people that pay for the sins of their government. whether its economic or political. we will bear the weight because the side of our country that promoted this system just so happens to be the same side who believe in waging a war on terror. so that's what we as Americans see as ironic a hundred year argument finally coming to an end.Unknownhttps://www.blogger.com/profile/11270181090847169265noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-20952336908108399132008-09-26T02:57:00.000-07:002008-09-26T02:57:00.000-07:00Its ironic that the government had to rush in to s...Its ironic that the government had to rush in to save major corporations even though their all about capitalism<BR/><BR/>pakireport.blogspot.comAnonymousnoreply@blogger.com