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What’s the real reason that banks aren’t foreclosing?
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Boston ITer
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PostPosted: Fri Oct 23, 2009 6:31 pm GMT    Post subject: Reply with quote

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They are claiming economic martial law and using that as a veil to pass their liberal agenda.


This is the part which I concur with. We are getting to be more and more, a security state, whether it be in so-called defense or economics. Again, the term *Liberal* doesn't apply, except to those former moderates who don't want another Love Canal which BTW, was handled by Carter in terms of getting the immediate sludge out of there. The EPA, however, handled the lawsuits in subsequent years.

Think about it... what is free enterprise in the US today?... the ability for a bunch of old co-workers to start an offshoring company or a hedge fund. And then what about the rest?... Work for the govt. Is that the type of society we'd grown up in?

Unfortunately, it looks like the case and in fear of some sort of retaliation, whether it be a mob of irate plebiscites or a US dollar/bond sell off, the country has become more autocratic to keep the declining post-War hegemonic going for another decade or two.
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Joined: 26 Jun 2008
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Location: In a house I bought in December 2011

PostPosted: Fri Oct 23, 2009 7:28 pm GMT    Post subject: Reply with quote

They are claiming economic martial law

Yeah, that's a good way to put it. I don't like it either. We just differ on who "they" are and what their agenda is.
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PostPosted: Fri Oct 23, 2009 8:31 pm GMT    Post subject: Reply with quote

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We just differ on who "they" are and what their agenda is


Economic martial law is a style of neo-fascism whether or not the beneficiaries are auto companies or persons w/ subprime mortgages. All and all, the reason why many of the best and brightest are now starting hedge funds, with their quantitative tools (yes, it didn't end in '08, now it's in currency swaps), instead of a normal business is that normal businesses have too many politics between vendors, govt subsidies, etc, which hamper real enterprise. Entrepreneurs are basically waiting in line, at the govt trough, waiting for a hefty govt deal to pay themselves. This isn't an answer to the problem but just delaying the inevitable and that's a full blown banana republic.
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