Comments on: No Revenge Too Harsh For Bankers http://www.intellectualconservative.com/2009/06/26/no-revenge-too-harsh-for-bankers/ Conservative and Libertarian Intellectual Philosophy and Politics Wed, 08 Feb 2012 23:00:53 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Patrick Mulligan http://www.intellectualconservative.com/2009/06/26/no-revenge-too-harsh-for-bankers/comment-page-1/#comment-78776 Patrick Mulligan Fri, 26 Jun 2009 12:31:07 +0000 http://www.intellectualconservative.com/2009/06/26/no-revenge-too-harsh-for-bankers/#comment-78776 To be repeating the mantra that the American banking system is unregulated, under-regulated, laissez faire, or otherwise unfettered by government intrusion and interference, you would either have to be completely and totally ignorant of the law, stupid, or deluded. Nothing could be further from the truth, and the suggestion is so farsical it would be amusing if you weren't actually serious. Quite the contrary - regulation and the manipulation of the market by our personal saviors in the almighty government is precisely why there is such a thing as a subprime loan and a mortgage backed security in the first place. The community reinvestment act began the process of strong-arming banks into compliance with government demands, but Fannie Mae and Freddie Mac have existed from their inception for the sole purpose of guaranteeing subprime loans and then securitizing them for sale as investment instruments. Stupid politicians ruined your economy. Greedy Jewish bankers may very well have stolen your compound interest and 90 day notes from your local bank, but that's a completley and totally separate issue (requiring a completely and totally different set of medications for treatment). You might do well to check out the following articles if you ever tire of demonizing greedy Jewish bastard know-nothing 30-something MBA banker Triad of Evil cabal members and you want to give the tin foil hat a rest and find out what's actually going on in your government and our markets. I should warn you though, some of these articles may in fact have been penned by none other than the greedy Jewish know-nothing 30-something MBA Triad of Evil bankers - who knows how deep their power runs. http://capmag.com/article.asp?ID=5455 http://capmag.com/article.asp?ID=5429 http://progressive.stanford.edu/cgi-bin/article.php?article_id=343 http://www.aier.org/research/beyond-the-numbers/1149-capitalism-the-solution-not-the-cause-of-the-current-economic-crisis To be repeating the mantra that the American banking system is unregulated, under-regulated, laissez faire, or otherwise unfettered by government intrusion and interference, you would either have to be completely and totally ignorant of the law, stupid, or deluded. Nothing could be further from the truth, and the suggestion is so farsical it would be amusing if you weren’t actually serious. Quite the contrary – regulation and the manipulation of the market by our personal saviors in the almighty government is precisely why there is such a thing as a subprime loan and a mortgage backed security in the first place. The community reinvestment act began the process of strong-arming banks into compliance with government demands, but Fannie Mae and Freddie Mac have existed from their inception for the sole purpose of guaranteeing subprime loans and then securitizing them for sale as investment instruments. Stupid politicians ruined your economy. Greedy Jewish bankers may very well have stolen your compound interest and 90 day notes from your local bank, but that’s a completley and totally separate issue (requiring a completely and totally different set of medications for treatment).

You might do well to check out the following articles if you ever tire of demonizing greedy Jewish bastard know-nothing 30-something MBA banker Triad of Evil cabal members and you want to give the tin foil hat a rest and find out what’s actually going on in your government and our markets. I should warn you though, some of these articles may in fact have been penned by none other than the greedy Jewish know-nothing 30-something MBA Triad of Evil bankers – who knows how deep their power runs.

http://capmag.com/article.asp?ID=5455
http://capmag.com/article.asp?ID=5429
http://progressive.stanford.edu/cgi-bin/article.php?article_id=343
http://www.aier.org/research/beyond-the-numbers/1149-capitalism-the-solution-not-the-cause-of-the-current-economic-crisis

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