U.S. Weighs Buying
Stakes in More Firms
The Treasury Department is considering using more of its $700 billion rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success.
Did I miss something, did Chavez manage a takeover of the U.S.?
Not even big business can resist a handout, just wait.
Did I Miss Something?
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QUINNSCOMMENTARY
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"The power of accurate observation is commonly called cynicism by those who have not got it." George Bernard Shaw
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
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"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
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wildhorses
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QUINNSCOMMENTARY;1045607 wrote: U.S. Weighs Buying
Stakes in More Firms
The Treasury Department is considering using more of its $700 billion rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success.
Did I miss something, did Chavez manage a takeover of the U.S.?
Not even big business can resist a handout, just wait.
WTF? They are going to do WHAT?!!! Can you be more specific. What do they mean by a "broad range" of financial companies. Which companies? Do you know? This is disconcerting.
Stakes in More Firms
The Treasury Department is considering using more of its $700 billion rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success.
Did I miss something, did Chavez manage a takeover of the U.S.?
Not even big business can resist a handout, just wait.
WTF? They are going to do WHAT?!!! Can you be more specific. What do they mean by a "broad range" of financial companies. Which companies? Do you know? This is disconcerting.
Did I Miss Something?
Scrat;1046151 wrote: Capitalism has proven itself to be incapable of self regulation, just as the food industry has proven it cannot keep the food supply safe.
Greed must be held in check.
I guess government, for all of its faults, has to step in.
Oh trust me Bro.............After tonite it is a gonna be steppin in.....
BIG TYME
Greed must be held in check.
I guess government, for all of its faults, has to step in.
Oh trust me Bro.............After tonite it is a gonna be steppin in.....
BIG TYME
"If America Was A Tree, The Left Would Root For The Termites...Greg Gutfeld."
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QUINNSCOMMENTARY
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wildhorses;1045685 wrote: WTF? They are going to do WHAT?!!! Can you be more specific. What do they mean by a "broad range" of financial companies. Which companies? Do you know? This is disconcerting.
This is a front page story from today's Wall Street Journal.
This is a front page story from today's Wall Street Journal.
"The power of accurate observation is commonly called cynicism by those who have not got it." George Bernard Shaw
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog
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QUINNSCOMMENTARY
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Scrat;1046151 wrote: Capitalism has proven itself to be incapable of self regulation, just as the food industry has proven it cannot keep the food supply safe.
Greed must be held in check.
I guess government, for all of its faults, has to step in.
This country is so mired in regulation today, we don't need more, we need people to effectively enforce what we have. Have you ever heard of Sarbanes Oxley, do you have any idea how much effort is put into compliance with SOX? That is just one example.
Greed will never be held in check and greed had little to do with the financial crisis, imprudent risk, poor business decisions and a large number of irresponsible people created the problems and you will never regulate that.
Greed must be held in check.
I guess government, for all of its faults, has to step in.
This country is so mired in regulation today, we don't need more, we need people to effectively enforce what we have. Have you ever heard of Sarbanes Oxley, do you have any idea how much effort is put into compliance with SOX? That is just one example.
Greed will never be held in check and greed had little to do with the financial crisis, imprudent risk, poor business decisions and a large number of irresponsible people created the problems and you will never regulate that.
"The power of accurate observation is commonly called cynicism by those who have not got it." George Bernard Shaw
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog
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posted by quinns comentary
Did I miss something, did Chavez manage a takeover of the U.S.?
You sure have, The buy out is not socialism it is corporatism and the two are very different animals. Corporatism is the promotion of private corporations in public over the interests of the general public. It's the politics of the right not the left. You don't seem to get the difference.
Did I miss something, did Chavez manage a takeover of the U.S.?
You sure have, The buy out is not socialism it is corporatism and the two are very different animals. Corporatism is the promotion of private corporations in public over the interests of the general public. It's the politics of the right not the left. You don't seem to get the difference.
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QUINNSCOMMENTARY
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gmc;1046358 wrote: posted by quinns comentary
You sure have, The buy out is not socialism it is corporatism and the two are very different animals. Corporatism is the promotion of private corporations in public over the interests of the general public. It's the politics of the right not the left. You don't seem to get the difference.
YouTube - Ron Paul: Corporatism - not free markets
Is this what you mean?
Historically, corporatism (Italian: corporativismo) refers to a political or economic system in which power is held by civic assemblies that represent economic, industrial, agrarian, social, cultural, and/or professional groups. These civic assemblies are known as corporations (not the same as the legally incorporated business entities known as corporations, though some are such). Corporations are unelected bodies with an internal hierarchy; their purpose is to exert control over the social and economic life of their respective areas. Thus, for example, a steel corporation would be a cartel composed of all the business leaders in the steel industry, coming together to discuss a common policy on prices and wages. When the political and economic power of a country rests in the hands of such groups, then a corporatist system is in place
You sure have, The buy out is not socialism it is corporatism and the two are very different animals. Corporatism is the promotion of private corporations in public over the interests of the general public. It's the politics of the right not the left. You don't seem to get the difference.
YouTube - Ron Paul: Corporatism - not free markets
Is this what you mean?
Historically, corporatism (Italian: corporativismo) refers to a political or economic system in which power is held by civic assemblies that represent economic, industrial, agrarian, social, cultural, and/or professional groups. These civic assemblies are known as corporations (not the same as the legally incorporated business entities known as corporations, though some are such). Corporations are unelected bodies with an internal hierarchy; their purpose is to exert control over the social and economic life of their respective areas. Thus, for example, a steel corporation would be a cartel composed of all the business leaders in the steel industry, coming together to discuss a common policy on prices and wages. When the political and economic power of a country rests in the hands of such groups, then a corporatist system is in place
"The power of accurate observation is commonly called cynicism by those who have not got it." George Bernard Shaw
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog
"If everybody is thinking alike, then somebody is not thinking" Gen. George Patton
Quinnscommentary
Observations on Life. Give it a try now and tell a friend or two or fifty.
Quinnscommentary Blog
Did I Miss Something?
QUINNSCOMMENTARY;1047142 wrote: Is this what you mean?
Historically, corporatism (Italian: corporativismo) refers to a political or economic system in which power is held by civic assemblies that represent economic, industrial, agrarian, social, cultural, and/or professional groups. These civic assemblies are known as corporations (not the same as the legally incorporated business entities known as corporations, though some are such). Corporations are unelected bodies with an internal hierarchy; their purpose is to exert control over the social and economic life of their respective areas. Thus, for example, a steel corporation would be a cartel composed of all the business leaders in the steel industry, coming together to discuss a common policy on prices and wages. When the political and economic power of a country rests in the hands of such groups, then a corporatist system is in place
Yep. Although whether you can say that is what was actually in place in america I don't know. American politics seems to have been dominated by vested interests rather than the interests of the people. You (generally not you specifically) seem unable to talk about issues like healthcare without it becoming a shouting match rather than healthy debate about the problems you appear to have. If you're not allowed to talk about political ideas like socialism you also don't talk about the rival political ideas of fascism/corporatism. It usually goes along with militaristic nationalism as well-certainly did in italy and germany's case. That's why IMO so many around the world are glad to see obama elected the recent militarism of america is a real cause for concern. It's a collective sigh of relief. Nice to see democracy and liberalism reasserting itself.
Liberal democracy is half way in between and personally what I prefer-taking the best ideas from both sides of the political spectrum. We don't see socialism and liberal democracy as being mutually exclusive as you seem to do in the states. I think because you conflate it with communism whereas we don't.
I do not however claim to be an expert on domestic American politics, but I find this terror of socialism hard to understand and the description of the buy out as being socialistic nature irritating. It seems to cloud the real issue of what has been happening.
Incidentally we have had a nominally socialist political party running the UK that has gone along with it all. They are about to pay the price at the polls in the next election. Hopefully we will have a hung parliament-when one party has a vast majority it is not good for democracy, or when the concerns of large portion of the voters are ignored or sidelined.
One of the other posters kept mentioning Ron Paul. First time I have actually looked at anything he has had to say. Interesting bloke.
Historically, corporatism (Italian: corporativismo) refers to a political or economic system in which power is held by civic assemblies that represent economic, industrial, agrarian, social, cultural, and/or professional groups. These civic assemblies are known as corporations (not the same as the legally incorporated business entities known as corporations, though some are such). Corporations are unelected bodies with an internal hierarchy; their purpose is to exert control over the social and economic life of their respective areas. Thus, for example, a steel corporation would be a cartel composed of all the business leaders in the steel industry, coming together to discuss a common policy on prices and wages. When the political and economic power of a country rests in the hands of such groups, then a corporatist system is in place
Yep. Although whether you can say that is what was actually in place in america I don't know. American politics seems to have been dominated by vested interests rather than the interests of the people. You (generally not you specifically) seem unable to talk about issues like healthcare without it becoming a shouting match rather than healthy debate about the problems you appear to have. If you're not allowed to talk about political ideas like socialism you also don't talk about the rival political ideas of fascism/corporatism. It usually goes along with militaristic nationalism as well-certainly did in italy and germany's case. That's why IMO so many around the world are glad to see obama elected the recent militarism of america is a real cause for concern. It's a collective sigh of relief. Nice to see democracy and liberalism reasserting itself.
Liberal democracy is half way in between and personally what I prefer-taking the best ideas from both sides of the political spectrum. We don't see socialism and liberal democracy as being mutually exclusive as you seem to do in the states. I think because you conflate it with communism whereas we don't.
I do not however claim to be an expert on domestic American politics, but I find this terror of socialism hard to understand and the description of the buy out as being socialistic nature irritating. It seems to cloud the real issue of what has been happening.
Incidentally we have had a nominally socialist political party running the UK that has gone along with it all. They are about to pay the price at the polls in the next election. Hopefully we will have a hung parliament-when one party has a vast majority it is not good for democracy, or when the concerns of large portion of the voters are ignored or sidelined.
One of the other posters kept mentioning Ron Paul. First time I have actually looked at anything he has had to say. Interesting bloke.