Secretary of the Treasury, Timothy Geihtner told lawmakers today that he wants the government to start regulating the practices of non-bank, financial institutions. You know, the ones that made reckless and greedy decisions that led to millions losing everything and the economy tanking?
Yeah, those guys... or gals... or assholes... ( or any other synonyms for those greedy sons of bitches).
If those institutions, like AIG and Lehman Brothers failed at proving their un-regulated practices resulted in anything but debt, then their "free" time is over.
Many capatilists baulk at any government involvement in free market practices. Well folks, when the " free market" results in the American taxpayers holding a trillion dollar debt, then the days of them running free with other's money, is over.
Furthermore, if you feel that government regulation of financial institutions is a punishment, you're right. And guess what? The punishment fits the crime.
The fact that there are millions of Americans who lost everything due to the poor choices of a select few does not sit well with me . This same few who are currently receiving milllions of dollars in bonuses ( of our tax money) that they don't deserve, is nauseating. I'm a democrat, I'm a capatlist too. (Yes, they do exist!) However, current practices can no longer go unsupervised. The big wigs in these institutions have their hands so deep in their greedy pockets of self interest that they failed to recognize, or even care that ours are empty. Nor will they, if we don't do something about it.
Therefore, here's my message to AIG and the like: You are currently grounded. The government is going to be on your ass until you shape up. Timmy, knob-face, Geihtner is gonna be on you like lipstick on a pitbull until you get your acts together.
Dear readers, I leave you with the hope that after the appropriate government regulations of these industries, we can someday say that the best things in life, are no longer free. At least, in terms of the market economy anyway, because thanks to those jerks, I pretty much can't afford anything else!
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What's the cost of the Free Market?
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