XPost: alt.usenet.news-server-comparison, alt.free.newsservers,    
   lt.usenet.kooks   
   XPost: alt.a.spank.to.remember   
   From: thisemail@isamunge.com   
      
   On 3/22/09 2:12 PM, in article 2m2kj0.5a6.19.1@news.alt.net, "Gregory Hall"   
   wrote:   
      
   > "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,   
      
   No such thing. As long as humans are involved, it doesn't matter what   
   economic system you have, people will find a way to exploit and corrupt it.   
      
   > cannot fail as it is self-regulating and controlled by end   
   > user, the consumer.   
      
   Except in cases where the company is publicly traded, then the top priority   
   is benefiting the shareholder.   
      
   > 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.   
      
   It's doomed to fail anyway. A large number of the people who rise to   
   positions of power in any organization are self-involved narcissists and/or   
   sociopaths.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)