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Government with gangsters, not the rule of lawIt's not about solutions, it's about
control
Don't pay attention to what the
politicos and government functionaries
say,
pay attention to what they
do.
Control over selected financial institutions and insurance companies gives the government the equivalent of a leveraged buy out over any company and industry they choose at any time. All without passing any laws or going through the courts. And afterwards? That's where it really gets sticky. Because the FedGovs don't want the TARP money back. That would mean giving up control. It's all in the "national economic interest," you see. Private companies can't be trusted to spend their own money correctly. Not surprisingly, the taxpayers are taking it in the shorts as politically connected companies exploit the bailout. No one wants to lend money because they won't get anything back. It's a command economy. The way it works is simple. You ask the Imperious Leader for his help, he expects a favor. Al Capone never had a sweeter set-up. 
Posted: Wed - April 22, 2009 at 02:12 PM
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 Pagan Vigil
Pagan philosopher, libertarian, and part-time trouble maker, NeoWayland watches for threats to individual freedom or personal responsiblity. There's more to life than just black and white, using only extremes just increases the problems.  My Thinking Blogger Nominees
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