http://paul.kedrosky.com/archives/2009/08/michael_steinha.html Steinhardt....although he has not been perfect himself.... Acknowledges a correct view in that there is still a score to be settled with the ratung agencies and other participating financial firms... Steinhardt mentions that in the old Russian days....lots of individuals from rating agencies and other financial firms would have been shot in public.... Question is... How to settle the score with the guilty.... To date....The US goes even further by bailing them out....and has the idiocy to suggest that this unprecedented debt is not an additional tax on those ....who were not guilty....In fact makes it a clear point that taxes will not be raised on the middle class....when in fact quite the opposite is true....The US goes even further by even saddling the future great grandchildren with unbearable tax increases.... Just how else does the debt get paid....???? There is definitely a score yet settled.... Correction....There are more than just a few scores to be settled.... "Ice Cream" anyone ....?????? "JUSTICE ????" anyone ....????
Russian way... GOOD! (Chinese think along those lines, too, don't they?) Doubt if there will be much (if any) of a score to be settled here. The Powers like the status quo and their place in the mix... nothing is at their expense, so why rock the boat?
Maybe they could make them play "Russian Candid Camera" <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/dJ7mMSNIz4w&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/dJ7mMSNIz4w&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
....................................................................... Just think what this guy would have done if someone not only stole money from him.....but his children and great grandchildren....while knowingly lying to his face.... Someone needs some TV time to explain in laymen's terms what has really happened to US citizens ????? US would become a littlle more than a hornet's nest....
You know, I think we'd benefit from a few such folks... Maybe, just maybe, the potlickers would get the message!
................................................................ There is one clear truth.... "Things" are not going anywhere close to being" normal"....until the "score" is settled.... And everyone....including the guilty.....knows it.... Otherwise it will fester like a lingering disease.... Time to "clean house".... ..................................................................... What would go a long way ? Implementation of a 10/5 C tax only.... Memories may grow short....
Not a "snowball's chance in Hell"! Congress and the Administration would have to give up the ability to manipulate the hoi polloi with tax policy if they implemented such a plan. (And they'd rather see America economically VAPORIZED than "do the right thing").