Interesting People mailing list archives
An Observation on the Bailout - For IP
From: David Farber <dave () farber net>
Date: Fri, 26 Sep 2008 18:19:55 -0400
Begin forwarded message: From: Robert Alberti <ip () sanction net> Date: September 26, 2008 5:36:09 PM EDT To: dave () farber net Cc: jonathan () pobox com Subject: Re: [IP] An Observation on the Bailout - For IP Reply-To: alberti () sanction net On Fri, 2008-09-26 at 17:09 -0400, David Farber wrote:
From: "Jonathan S. Goldstein, Esq." <jonathan () pobox com> Mark my words, these execs and their shareholders will rue the day they gave a seat at the table to the federal government, the unions, the socialists, the anti-capitalists, the coveters and the fools who don't understand economics, job creation and incentives.
Just trying to get clear here, who are the fools and coveters who don't understand economics, job creation, and incentives? Because for the last few years it's been pure-play no-holds-barred capitalism, by people who supposedly understood economics, job creation, and incentives. And what they chose to do rather than create jobs and incentives is that they chose to bend or break the rules, violate basic economic common sense, and repackage garbage as investments in order to rip off everybody and make themselves vastly rich. They didn't seem to have any ethical qualms about this, and the interests of the nation or the public didn't seem to enter into their equations - just "how much money can they get as fast as possible." Who are the fools? Who are the anti-capitalists? I'd say the people who have been running our economy into the ground for the past thirty years. Who are the 'socialists'? The people who would rather detach health care from business and have a single-payer healthcare system with 3% administrative overhead (as in every other developed nation in the world)? Or the so-called 'capitalists,' who would rather yoke every business in America to a commercial health-care system with 22% overhead, so that small businesses cannot grow because they cannot afford health care for their employees? I don't see any saints or experts in the latest Wall Street mess. What I see following the S&L crisis and Enron and now this is that old white guys in suits are willing to sing the praises of deregulation and capitalism as long as that gains them membership into the privileged class of people who are paid $20 million bonuses for screwing up. These aren't capitalists, patriots, or even good citizens. These are pathologically greedy narcissists and sociopaths spouting the accepted ideology in order to rob the rest of us blind. All I've seen from Wall Street are frauds, swindlers, con-men and crooks dressed up in expensive suits. Maybe 'execs and shareholders' will rue the day when their boardrooms were invaded by people who don't share their rapacious worldview. But it will probably be better for America, her citizens, and the world if somebody reined in this kleptocracy before it does further harm to our society. -- Robert Alberti, CISSP, ISSMP (612) 961-0507 cell President, Sanction, Inc. (612) 486-5000 x211 http://sanction.net (612) 486-5000 fax "Security solutions are cultural solutions facilitated by technology." ------------------------------------------- Archives: https://www.listbox.com/member/archive/247/=now RSS Feed: https://www.listbox.com/member/archive/rss/247/ Powered by Listbox: http://www.listbox.com
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- An Observation on the Bailout - For IP David Farber (Sep 26)
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- An Observation on the Bailout - For IP David Farber (Sep 26)
- Re: An Observation on the Bailout - For IP David Farber (Sep 26)