Bailing Out Banks

MOG
> Blog Posts
>
Bailing Out Banks

Subscribe Now | Learn More

RGM

Add To My Trusted Moggers

Bailing Out Banks

Posted about 1 year ago

Artist:
- PLAY
Black Sabbath
Album:
- PLAY
- QUEUE
Reunion
Track:
- PLAY
- QUEUE
Children of the Grave

There has been a lot of talk in the news recently about the Federal Reserve and the actions it has taken over the past few months. Many media pundits have been bending over backwards to praise the Fed for supposedly restoring stability to the market. This interpretation of the Fed's actions couldn't be further from the truth. Read More Here:http://www.house.gov/paul/tst/tst2008/tst041308.htm

Comments (11)

Add To My Trusted Moggers

mollifire says i love that you tagged this with Sabbath and Children of the Grave no less. so appropriate.

Permalink posted 04/18/2008
Add To My Trusted Moggers

Bartleby says Interesting point of view. I see it as a fair representation of US conflicted opinion when it comes to federal intervention and governmental action as a whole. Should there be more or should there be less?

Permalink posted 04/18/2008
Add To My Trusted Moggers

BerkeleyBob says Yeah, there's some chatter about "moral hazard" of government bailouts and one economist who preciently predicted instability resulting from financial overexuberance. There was a bailout of a hedge fund (Credit General) and the S&L bailout a few years back as well as the dot-com bust. Common denominator in these bubbles is "wisdom" to the effect that This time is different and prior experience inapplicable and unrealistic appraisals. In reality, the political policy of the past 20 years or so has been to curtail government regulation and enjoy the fruits of socialism and subsidy for the rich and rugged competition and free markets for the poor. Excuse the rant, and I know this isn't the usual topic of discussion in this forum for music heads. BerkBob

Permalink posted 04/18/2008
Add To My Trusted Moggers

Doomsayer2001 says Thank you federal government for spending my tax money to bail out wall street, while your at it, I could use some of that money to pay my own bills thank you.

Permalink posted 04/18/2008
Add To My Trusted Moggers

RGM says mollifire: Thanks, the other song that came to mind was into the void, but the subject matter of the song is far off . I did like the title of that song for this. Bartleby: Far less as it stands. As I always say to people,were thier boss! BerkeleyBob : It's a mess. Doomsayer : It seems the comman citizen doesn't really have any say. Yea that protest against the war worked out really great (right). I'm writing Ron Pauls name on the ballot, I don't like my choices at this point.

Permalink posted 04/18/2008
Add To My Trusted Moggers

RGM says Aaron Russo Interview by Peter Boyles-1 of 5 The other parts can be obtain at the bottom of the screen when this one is done.

Permalink posted 04/18/2008
Add To My Trusted Moggers

RGM says Ron Paul on Federal Reserve, banking and economy

Permalink posted 04/18/2008
Add To My Trusted Moggers

Universalis says Qué busce hombre ? :))))))))))))))))))))))))) Yess, i'm back, universal hiss.

Permalink posted 04/21/2008
Add To My Trusted Moggers

RGM says Universalis : Oye da le! Oye como vay senior! Great to have you back buddy!

Permalink posted 04/21/2008
Add To My Trusted Moggers

Universalis says Tan malo tan bueno ! Nothing changed but everything is different :))))

Permalink posted 04/21/2008
Add To My Trusted Moggers

mollifire says Doomsayer - my sentiments exactly. i wish we had 1 vote (for what we wanted the tax $ spent on) for every dollar of tax money paid... or some kind of choice.

Permalink posted 04/21/2008