Their beliefs about China are incoherent, internally inconsistent, and mutually contradictory, showing that they don’t really believe what they believe. I suspect that what they really believe is that basing a society on self interest is morally wrong, and therefore must surely be punished by the heavens.
Dangerous Thought Criminal
This evil person has been detected expressing a forbidden thought in private email. She suggested that wrong think could possibly be true, and the evidence needed to be considered. She has of course given repeated grovelling public apologies for her horrifying crime. Her career is of course dead, and all right thinking people condemn her, and should continue to condemn her. Failure to adequately condemn her may cause you to …
Tough on wall street
To show how tough they are, congressmen summoned Goldman and Sach’s executives to Washington, and harshly ranted at them for selling their customers securities based on mortgages that they knew or should have known were $##%, while at the same time continuing to pour great gobs of taxpayer money all over Goldman and Sach
Have leftists guilt tripped you into getting screwed?
Probably not as much as Donna Ron was. This rapist, terrorist, and bomber, is a frequent visitor to the Whitehouse, one of the most powerful men in academia, and the major ghostwriter of Obama’s book “Dream’s of my fatherâ€.
The strong horse
As a result of our defeat, Arab terrorists have moved into Korengal valley. Now Al Quaeda has safe haven in Korengal and their objectives will not be restricted to protecting the freedom of those in Korengal, but destroying our freedom in lands far from Korengal, murdering Jews and Americans, wherever we may be, anywhere in the world. Here is the Taliban video of their great victory in Korengal valley:
Losing in Afghanistan
In trying to impose the Kabul government on them, we are imposing injustice. Thus the only possible ways of winning are to rule them ourselves, colonial style, or slaughter enough of them that the Taliban decides not to tolerate anyone who goes looking for trouble with far away infidels.
The crisis explained
Substantial parts of this article are pillaged wholesale from Ryan Barne’s excellent account of the crisis, and Mortgage Guarantee Insurance’s colorful account of the crisis. I steal from the best. And thanks to the commenters that pointed out numerous errors. In 2001, the Federal Reserve began cutting rates dramatically, dropping to 1% in 2003, in order to stimulate the economy. This produced a boom, and especially a housing boom, in …
Basel II and the destruction of civilization as we know it.
Thus the decision as to what is a safe loan is moved to politics and the government bureaucracy, far far away from anyone who knows the borrower or has actually seen the assets.
Bank “deregulationâ€
It is often claimed that the disaster was produced by deregulation. What deregulation you may ask? Well, mostly, the dismantling of Glass-Steagall. I don’t think dismantling Glass-Steagall caused the crisis, but it is undeniable that if Glass-Steagall had remained in effect, the crisis would have been far less severe, for Glass-Steagall restrained financial institutions from being too big to fail. It was the biggest institutions, the institutions too big to …
Mortgage Fraud, predatory borrowing:
There have been numberless highly successful prosecutions for predatory lending, even though there is no plausible evidence that predatory lending has ever happened in recent decades, nor has such evidence ever been presented in court, nor is it plausible that predatory lending could be profitable except for lenders who break the borrowers legs and arms in the event of default.