Wednesday, September 17, 2008

LIVE BY THE FREE MARKET, DIE BY THE FREE MARKET.

The bailouts of these banks and insurance companies is outrageous!

For decades they take the profits and hide them from taxation, and when the going gets rough, due to their own greed and manipulation, scream for bailouts.

I ask again, if they are too important that they cannot be allowed to fail then should they ever be in private hands?

The potential for massive profitmongering in a business that cannot be allowed to fail is enormous. Mortgages for housing are arguably the products (if they can be called a product) that are the most essential for everyone, to buy their own home, for a place to live. They are definitely in the same league as water and fuel.

But not only that. The people being saved by these bailouts are the same people who are collaborating with the engineers and financiers of world wars. For example, Lehman Brothers is not being bailed out by The Federal Reserve, but AIG is. The board of Lehman Brothers does not contain anyone of any significance. But the board of AIG contains Richard Holbrooke (Bilderberg, CFR, Trilateral Commission) and James F Orr III (Chairman of The Rockefeller Foundation).

If they live by the 'free' market, then they should die by the 'free' market. Declare them bankrupt, take them into public ownership, keep them in public ownership, and use them for the benefit of society in general, not as instruments of greed and 'free' market manipulation!!!

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