tag:blogger.com,1999:blog-15168595.post5548797870427755603..comments2023-10-28T07:30:04.147-04:00Comments on Human Voices: Show me the moneyCapt. Fogghttp://www.blogger.com/profile/03093968390001879062noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-15168595.post-78087980709401643072009-05-24T10:07:09.622-04:002009-05-24T10:07:09.622-04:00"That ain't banking. That's insider politics and c..."That ain't banking. That's insider politics and crony capitalism at its' worst. It's our money, and our government, including the Fed. The system works, yeah, but for whose primary benefit? It should be the depositors and the taxpayers, not the bankers and their shareholders, first. A little light on the subject would be a good disinfectant, in case there's any stench of corruption on up in there."<br /><br />What can I do but agree??Capt. Fogghttps://www.blogger.com/profile/03093968390001879062noreply@blogger.comtag:blogger.com,1999:blog-15168595.post-52189734748539881032009-05-22T23:15:35.424-04:002009-05-22T23:15:35.424-04:00I agree with you... I don't know enough to "know.....I agree with you... I don't know enough to "know..." but I like the idea that THE Fed's selection doesn't correspond to the presidents' terms, and so (love him or hate him) Greenspan was appointed by two polar opposites -- gives me pause to think maybe that's as good as we'll get. We'll see. Interesting post, tho...d.K.https://www.blogger.com/profile/08723367478934978210noreply@blogger.comtag:blogger.com,1999:blog-15168595.post-87120296409023208872009-05-21T14:59:27.291-04:002009-05-21T14:59:27.291-04:00.
Very old populist hooey, this anti-bank stuff. P....<br />Very old populist hooey, this anti-bank stuff. Pre-dates Jackson. Andrew, not Jesse. <br /><br />Does Pope Ron-Paul use ATMs? Receive a paycheck? Live in a home that was ever mortgaged? Then he's part of the Federal Reserve System, too. We all are.<br /><br />We need a banking system. It should not be entirely private, for reasons that ought to be obvious after the last twelve months: Government oversight is not enough, we must have control of our finances. But direct control by politicians on a day-to-day basis is not a good idea, either, as it would subject our personal and business finances to political vendettas and electoral politics. I'm sure most of these anti-bank "libertarians" <I>(closet Republicans & recovering Republicans)</I> would be against THAT.<br /><br />Having said this, anything that cannot be explained is, by definition, inexplicable, or as Webster would have it, <I>"incapable of being explained, interpreted, or accounted for [an inexplicable disappearance]."</I> Unaccountability seems like the opposite of what you want in a bank.<br /><br />If it can't be explained, it's probably something somebody doesn't WANT you to know, like whose buddy got what favor to cover whose ass. That ain't banking. That's insider politics and crony capitalism at its' worst. It's our money, and our government, including the Fed. The system works, yeah, but for whose primary benefit? It should be the depositors and the taxpayers, not the bankers and their shareholders, first. A little light on the subject would be a good disinfectant, in case there's any stench of corruption on up in there.<br /><br />The problem with our system today, and not just the Fed, is that it relies almost exclusively on "conservative" corporatist industrial expertise. Our government is full of Wall Street types, defense contractors, agribusiness shills, etc. Is it any wonder that our government's policies are so violently pro-business and anti-worker, anti-consumer, anti-shareholder? Duh. Chickens, meet foxes. They'll be managing your house.<br /><br />The biggest disappointment, so far, with Obama has been his continuation of this. He could have selected experts from the labor movement or academia, dissenting voices from non-corporate think-tanks and NGOs. There are many with government and industry experience who are not outright whores for the corporations. But he chose the whores, in part because they have more gov't experience. But if the government NEVER listens to or hires non-corporate advocates, then they will NEVER have government experience.<br /><br />This was a chance to reverse that pernicious trend, and the Dems blew it. This is why people say there is no difference between the two Parties, and why nuts like Paul come into being. But for once, I agree with him: Audit the suckers on a regular basis. And that includes the Treasury, FNMC, FHLMC, the SEC and all the rest of them. Let's just see who's minding the store, and how, and for whom.<br /><br />Great post, Capt!<br />.Cosa Nostradamushttps://www.blogger.com/profile/07025789936148098576noreply@blogger.comtag:blogger.com,1999:blog-15168595.post-49464894469976967722009-05-19T09:18:00.000-04:002009-05-19T09:18:00.000-04:00You're right, and come to think of it, everything ...You're right, and come to think of it, everything we believe about this country is Theology.Capt. Fogghttps://www.blogger.com/profile/03093968390001879062noreply@blogger.comtag:blogger.com,1999:blog-15168595.post-51110874054065839262009-05-18T21:14:00.000-04:002009-05-18T21:14:00.000-04:00Economics is theology..Everything the human race d...Economics is theology..Everything the human race does is ,all thu history.Baltazarhttps://www.blogger.com/profile/17027288330478417059noreply@blogger.comtag:blogger.com,1999:blog-15168595.post-71578671911636077292009-05-18T11:33:00.000-04:002009-05-18T11:33:00.000-04:00Finance is simply one area I can't see justifying ...Finance is simply one area I can't see justifying secrecy.Capt. Fogghttps://www.blogger.com/profile/03093968390001879062noreply@blogger.comtag:blogger.com,1999:blog-15168595.post-21394858282579863432009-05-18T11:05:00.000-04:002009-05-18T11:05:00.000-04:00Great post. I'm in that camp too: I just don't kno...Great post. I'm in that camp too: I just don't know if they hurt or help -- an audit, and more transparency, seem appropriate.<br /><br />Of course, it'll never happen.RRhttps://www.blogger.com/profile/12196333516263804947noreply@blogger.com