XPost: alt.usenet.news-server-comparison, alt.free.newsservers,    
   lt.usenet.kooks   
   XPost: alt.a.spank.to.remember   
   From: greghall@home.fake   
      
   "Jeff?Relf"  wrote in message   
   news:Jeff_Relf@Seattle.2009_Mar.22|10.50am|m...   
   > Retail banks took the FDIC insured money in my checking account,   
   > backed by the full faith and credit of the U.S. governement,   
   > and the near endless supply of cheap inter-bank money   
   > and leveraged it 50-to-1 mid quarter, 35-to-1 at the end of the quarter.   
   >   
   > They believed in the Black & Scholes model like it was gospel,   
   > creating trillions of dollars of debt that no one owns nor understands;   
   > e.g. Mortage-Backed securities.   
   >   
   > Now the government owns AIG, banks and such;   
   > even bond holders got burned.   
   > They called this " Capitalism ", and it failed.   
      
      
   Negative, Sarge! It's called corruption. Capitalism, in its pure,   
   uncorrupted form, cannot fail as it is self-regulating and controlled by end   
   user, the consumer. Only when the crooks take control at the upper reaches   
   with their legislated rules and regulations that subvert it into something   
   other than capitalism does it fail.   
      
   --   
   Gregory Hall   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)