Black Monday 29/9/08

[colonel]

I agree....now watch the markets just collapse over the next few days.

Is the end of capitalism in sight?

[colonel]

Any bail-out will just look after the bankers and not the people- hence why it is called a 'bail-out'. And capitalism will go on and on in its present, unregulated, people-hating way.

It's an odd mix of free-market Republicans and social Democrats who oppose this bail-out. But if I were American, I would be part of it.

Capitalism rests on the key pretext of Darwinism. Now look- in time, and without a bail-out, good banks will prosper and poor banks will fall.

Guarantee every penny in every UK bank until ?50,000- and not one penny above. Let the market cure itself. All will be well.

[planeterotica]

colonel wrote :
>
> Capitalism rests on the key pretext of Darwinism. Now look- in
> time, and without a bail-out, good banks will prosper and poor
> banks will fall.
>
> Guarantee every penny in every UK bank until ?50,000- and not
> one penny above. Let the market cure itself. All will be well.

planeterotica wrote:

Yes all will be well unless to many banks fail in which case the Guarantee will be like tossing Head or Tail :ie the goverment runs out of dosh and cannot cover your money, back to hiding it under the matress !wink!

[colonel]

GPWM.

But will too many banks fail? I doubt it- because politicians will fail if that happens. And that will never happen.

[Deuce Bigolo]

Inept regulation due to not being properly manned or funded is too blame for most of the current state of play

Every couple of years in these growth days over the past 2 decades we've seen coprorations & banks all going belly up due to corporate greed and being able to outfox the regulators

Anyone care to explain how a public official could get a 40 million dollar bonus from a private firm

Bush?s Treasury Secretary Henry Paulson got a $40 million bonus from Sachs last year.

[colonel]

Eyes Wide Shut, Keith. Eyes Wide Shut....