If Government Insurance Is So Evil . . . .
mimus
(But see my previous post on "The Main Reason to Oppose the 'Obama'
Health-Care Reform Plan".)
--
All power and wealth to the wealthiest! anything less is class war!
http://www.globalresearch.ca/index.php?context=va&aid=8878
http://levin.senate.gov/newsroom/supporting/2006/PSI.gasandoilspec.062606.pdf
http://www.salon.com/opinion/greenwald/2009/04/04/summers/index.html
az willie
I6dnUv5hvOD3gjX...@giganews.com:
> If government insurance is so evil, why not do away with the FDIC?
>
> (But see my previous post on "The Main Reason to Oppose the 'Obama'
> Health-Care Reform Plan".)
>
================
If government insurance is so evil ... why do Republican congesscritters
use it? Why don't they refuse the insurance plan granted to all
congesscrittes and their families and go out and buy insurance from the
companies that shower campaign contributions on them?
Funny, but I bet not one will give up his congressional insurance plan.
Not one.
--
If you don't believe in Freedom of Speech for people you despise ... you
don't believe in it at all.
Bert Hyman
<tinmi...@hotmail.com> wrote:
> If government insurance is so evil, why not do away with the FDIC?
Well, why not?
The government is essentially immunizing both the depositors and the
bankers from the effects of their errors in making investment choices.
--
Bert Hyman St. Paul, MN be...@iphouse.com
mimus
> In news:-I6dnUv5hvOD3gjX...@giganews.com mimus
> <tinmi...@hotmail.com> wrote:
>
>> If government insurance is so evil, why not do away with the FDIC?
>
> Well, why not?
>
> The government is essentially immunizing both the depositors and the
> bankers from the effects of their errors in making investment choices.
Like putting their money in a bank?
Even the Goldman Sachs etc. con-man "deregulators" who from the end of the
Clinton Administration onward threw down the post-Great-Depression
safeguards against concentration of ownership and wealth and threw open
the doors to unlimited speculation in commodities, as in the Oil Bubble of
2006-8 that destroyed the world and US economies, left the FDIC alone.
Where does that put your question?
--
Plutocracy is corruption, and corruption is plutocracy:
After all, if the laws are up for sale, who would you expect
the highest bidder to be, the wealthiest or the less so?
Bert Hyman
<tinmi...@hotmail.com> wrote:
> On Thu, 27 Aug 2009 17:53:07 +0000, Bert Hyman wrote:
>
>> In news:-I6dnUv5hvOD3gjX...@giganews.com mimus
>> <tinmi...@hotmail.com> wrote:
>>
>>> If government insurance is so evil, why not do away with the FDIC?
>>
>> Well, why not?
>>
>> The government is essentially immunizing both the depositors and the
>> bankers from the effects of their errors in making investment
>> choices.
>
> Like putting their money in a bank?
Like putting their money in a bank they knew nothing about.
Like putting their money in a bank the didn't think they needed to know
anything about, because someone else would foot the bill if anything
would go wrong.
Habenae Est Dominatus
> In news:-I6dnUv5hvOD3gjX...@giganews.com mimus
> <tinmi...@hotmail.com> wrote:
>
>> If government insurance is so evil, why not do away with the FDIC?
>
> Well, why not?
>
> The government is essentially immunizing both the depositors and the
> bankers from the effects of their errors in making investment choices.
>
And that protection is to keep the banker alive.
An average Joe who's life savings is deposited in the banker's bank; who
looses said savings because of the banker's actions causing the bank to
become insolvent; can get it back, thereby eliminating the need to kill
the banker.