The collapse of the country’s financial system is nothing short of a national emergency.
The 1987 movie starring Michael Douglas as the ficticious Wall Street broker, Gordon Gekko, whose marketing mantra was “greed is good”.
Avarice = noun: Extreme greed for material wealth; reprehensible acquisitiveness; insatiable desire for wealth : “personified as one of the deadly sins”.
The official enquiry found the Titanic’s excessive speed was to blame for the disaster:
The Finding: “The Court, having carefully enquired into the circumstances of the above mentioned shipping casualty, finds, for the reasons appearing in the Annex hereto, that the loss of the said ship was due to collision with an iceberg, brought about by the excessive speed at which the ship was being navigated”.
Dated this 30th day of July, 1912 MERSEY, Wreck Commissioner.
A Telling Thoughts comment:
“Unnecessary speed sank the Titanic. The words from the findings of the 1912 enquiry into the tragedy need to resonate powerfully with America’s politicans. Speed is the enemy of good judgement. Unjustifiable speed in approving President Bush’s rushed and flawed Republican bail out proposal as a salve to Wall Street in the current crisis, will most assuredly wreck and dash the hopes of the American people, long into the future. The collapse of the country’s financial system is nothing short of a national emergency. Maximum political commitment is now critical in a bipartisan way to consider all options, including regulatory strategies and specific future supervisory mechanisms, to not only alleviate the most urgent of the current problems but also as a first step towards creating a new, transparent financial system”. JH.
The Voice of the Taxpayer * by Stephen Guilland in Portland
“It is almost laughable listening to The Bush economic team playing the worn-out, dog-eared, tear-stained fear card as they push Congress for a total, blind acceptance of their bail-out package.Congress however, to their bipartisan credit (or maybe their mutual instinct for political survival ) – ain’t buyin’.
Even the most rabidly Wall Street friendly politician has figured out that the American public is unsympathetic in the extreme to picking up the tab for a bunch of overpaid banking executives who, for the past eight years at least, have been gambling like drunken sailors on shore leave.
Sailors who borrowed the wasted money from their buddies, and know they are going to get their asses righteously kicked when they stagger back to the ship.However they still have money.They didn’t gamble away their OWN money, of course.They are drunk and arrogant, not stupid.Now they are asking their buddies in the Shore Patrol, the ones who looked the other way as they caroused, to pass the hat among the disgusted onlookers (taxpayers) to bail them out of their self-inflicted jackpot. Because the ship can’t sail without them (taxpayers)”. This comment was posted by Stephen on the (Oregonians for Obama) group 23rd September 2008.
The People’s Representative Roars ( 5min)
“Let’s Play Wall Street Bailout” * Rep. Marcy Kaptur (Dem) Ohio
Now that truly is the voice of the people speaking. Marcy Kaptur you are magnificent.
Now all the country needs is a President Obama.
Good Luck USA
Go Obama Yes we can