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They are NO DIFFERENT than any other group of people, they are smart, capable people who can and DO accomplish great things. Im just suggesting we ALLOW them to succeed. Shouldn't they have the same freedoms I enjoy, no? |
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And if you think the banking system is "unregulated" you're kidding yourself. And the truth is....you can add to the tens of thousands of pages of regulations that exist and people will usually find a way to avoid / circumvent / eliminate / backdoor them. Do you feel that strong regulations have been put in place since 2008 that keep institutions from engaging in the type of risky behavior that they were beforehand? (serious question) I have my opinion, but I enjoy debate and listening to other as well. Ive changed more than a few opinions because of a good debate :) |
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Blacks did better after slavery because they were not "land locked" by a hostile government. Owning land and being shot at for trying to leave it to conduct trade was a serious problem. End. |
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Im saying they SHOULD OWN THIER OWN LAND. Right now they do not. |
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You can't play capitalism "half way". If you want to claim to be in favor of free markets (as BOTH major parties are) you HAVE to let the bad go under. The PROBLEM is that politicians are so afraid of upsetting anyone and loosing votes, they try to have their cake and eat it to. Everyone (for the most part) is in favor of a capitalist system in this country, but if when the banks were failing, the President had said "part of this Capitalism that we all love so much is letting the bad businesses fail and they will be replaced by fresh, hopefully stronger businesses", the voices claiming he was letting thousands of jobs disappear would have been so loud, he wouldn't have survived it. To bad....people want the fun parts of a free market, but they never want to suck it up in the lean times. And ALL systems have ups and downs. We just been borrowing $ (China) or printing currency through the down times so it looks like we don't have any , HAHAH. Its going to hit a brick wall at some point. |
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http://en.wikipedia.org/wiki/Savings_and_loan_scandal Quote:
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"failure of 1,043 out of the 3,234" 1,043 went under and were NOT bailed out...only the solvent institutions remained. |
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Yet no other type banks failed. :1orglaugh:1orglaugh:1orglaugh |
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NOW...that happens on a small scale every day, restaurant has bad food, it goes under...one makes a heat steak, it survives. Sometimes it happens on a much larger scale (like the S&L crisis or a huge wealth boom) but there are billions of dollars being made every day. There are big wins and big losses. If you look at the 10 years surrounding the S&L cruising, HUGE wealth was created in this country and yes, that scandal lost 100 billion for people, and thats not fun for them, but as a whole, the nation prospered. If I told you US citizens became richer to the tune of 10 trillion dollars that decade, you'd say it was fruitful, no? Of COURSE there are losses, but the losses are FAR outweighed by the gains. Time to head to dinner, I'll teach you more tomorrow, JK :) I like a good debate |
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You could instill trust by setting up firm regulations and these banks adjust or die. We have a 300 million person clientele. If companies don't want to adjust to a market that is far different than the current one then they're done. Someone else will gladly step up to the new regulations and thrive. Not being able to leverage at 20 to 1 isn't the end of the world |
See what Amp started, I really missed him!
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:stoned ADG |
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