Kapitalism Don't Work (ATTN: Snowolf) - Snowboarding Forum - Snowboard Enthusiast Forums
User Tag List

 
LinkBack Thread Tools Display Modes
post #1 of 3 (permalink) Old 10-23-2008, 03:55 PM Thread Starter
-LIFETIME MEMBER-
 
sedition's Avatar
 
Join Date: Feb 2007
Location: Boston, MA
Posts: 2,745
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Kapitalism Don't Work (ATTN: Snowolf)

So check it. Greenspan essential said today that free market capitalism does not work (emphasis added).

The longtime Fed chief acknowledged under questioning that he had made a “mistake” in believing that banks in operating in their self-interest would be sufficient to protect their shareholders and the equity in their institutions. Greenspan called it “a flaw in the model that I perceived is the critical functioning structure that defines how the world works.”


cite.

"Nancy Ninja Nabs Nefarious Nymph. Pays Price Per Pissed Pants!" -Flick

"Up, up, my people, let smoke and flame be our sign!"
-The White Rose Society


sedition is offline  
Sponsored Links
Advertisement
 
post #2 of 3 (permalink) Old 10-23-2008, 04:06 PM
Member
 
Join Date: Oct 2007
Location: SE Colorado
Posts: 78
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
The flaw in the model was the bailout. Let them sink, and let other banks replace them who will do a better job of managing their assets as well as their customers.
sevenvii is offline  
 

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Snowboarding Forum - Snowboard Enthusiast Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
Powered by vBadvanced CMPS v3.2.3
For the best viewing experience please update your browser to Google Chrome