Tuesday, October 28, 2008

Financial Mess Origins

Here is a helpful time line that shows the complicity of government in this financial meltdown. I find it rather peculiar when this problem is blamed on the unrestrained free-market. It actually appears to be a product of Liberal Fascism. The bullying by Government and NGO's is appalling. Don't read this the wrong way, I hold Wall Street accountable for not refusing the Freddie and Fannie Mortgage Backed Securities. But with $2 trillion in trades to make, the commissions are huge. Why Fascism?...because fascists bully the businesses if they are resisted and they promise wealth if the government is complied with. This is why I cringe every time I hear a politician say they will use a carrot and stick policy when it comes to business.

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