Jay Leno Bursts AIG Bonus-Tax Bubble, a Relief Indeed
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If you have to do it, you might as well do it right.
Capitalism
Privately held capitalism is healthy business.
Public corporate capitalism is the monster - sort of a non-governmental socialism that plays into the hands of legal manipulation in opposition to private concerns.
This is where we get the unconstitutional concepts that drive class distinctions such as "middle class" that implies and upper class and a lower class...
FDIC analogy a good one
The president's explanation last night that we've had the FDIC in place for decades (which didn't result in socialism -- please try to control yourselves) allowed for a structure of regulation of banks. What happened? Companies who are not banks were given the power to behave like banks. Antitrust laws were considered archaic. Well, guess what. Lasaiz faire capitalism is a disaster and we always knew it, but needed a reminder as the high-riding financial cowboys benefited from the republican propoganda machine repeating "government is the problem, get government out of the way." The party was great, for some, while it lasted. Time for getting grounded.
Plans
The banks WILL be nationalized. A decade ago, we would never have heard people even talk about it as an option; they'd have been laughed out of the country, and for good reason.
My, how times change. In the past year, we've had calls to nationalize the oil companies, car companies and now banks. Socialism is openly discussed as a viable option. This is NOT the America of our forefathers.
