"The wealthy, not only by private fraud but also by common laws, do every day pluck and snatch away from the people some part of their daily living. Therefore, when I consider and weigh in my mind these commonwealths which nowadays do flourish, I perceive nothing but a certain conspiracy of rich men in procuring their own commodities under the name and authority of the commonwealth.

They invent and devise all means and crafts, first how to keep safely without fear of losing that which they have unjustly gathered together, and next how to hire and abuse the work and labor of the people for as little money and effort as possible."

Thomas More, Utopia

Thursday, February 07, 2008

Dean Baker and Loans Made for Walking

Economist Dean Baker made some rather interesting points the other day regarding the sub-prime crisis as well as the related mess in the upscale prime market in an essay which appeared on Truth Out. No matter how hard I try, however, I can't seem to work up any tears over the looming prospect of banks left holding the bag.

6 comments:

eduerfnydahS;=} said...

They say turnabout is fair play...

Please visit Second City COPS!

http://sccops.blogspot.com/

You GO, Cold-Bringer!!

Take Us to Absolute ZERO!!!

- Because there's NOTHING worse than a Blogger with a BIG EGO and NO SENSE of HUMOR! ;-)

Please click to view SCCOPS- "FAKE-SCC", if you will...! (tee-hee-hee!)

Coldtype said...

Ok, I guess.

ydahS said...

-Sorry Coldie, It's ydahS... I'd like to use SCCops to "fair & balance" the great SCC a little more often... are you interested??? ;-)

You TOO LEFTIE!!!

leftisthebest said...

I already visited ydahs. Good luck on getting the word out.

Coldtype said...

"I'd like to use SCCops to "fair & balance" the great SCC a little more often... are you interested??? ;-"


I sure as hell am Ydahs.

ydahS said...

Then I guess we all gotta meet, so's I can make sure neither of your intials spell out S.C.C. or R.S.M.... ;-)

- ydahS -;=} - 0 II III rd

How shall we convene without compromise???

Currently workin' the 3rd's in 100 years of Frustration-ville... O'kay??? ;-) Get back to me with an e-@ldis lamp here, fellow left-foot sock puppets...