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Real Time: Disaster Capitalism
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Naomi Klein is on the money about the economic meltdown in the U.S. Aired: 9/19/2008.
Sep 21, 2008 2:38 PM
Re: Real Time: Disaster Capitalism
This was a great discussion. I was quite impressed to see a conservative hold his own and make a great point. Interesting opinions by all.
By: EViLMinD
Re: Real Time: Disaster Capitalism
Well, he's a true fiscal conservative, not a Bush Republican (which he says aren't true Republicans). I'm as bleeding-heart-liberal as they get on a social scale, but I can't deny the solid foundation upon which someone like that bases his economic ideals. (I'm assuming you're talking about the guy on the left, here)
By: tjbassoon
Re: Real Time: Disaster Capitalism
It seemed like his main point was that nobody was forcing anyone to take on loans they couldn't afford. True enough, but many of these loans are given to unsophisticated borrowers using essentially lying tactics, and then prettied up and resold in bulk on the financial markets.
Okay fine: suckers on both ends, misrepresent the loans with teaser rates and misrepresent the borrowers as A1 credit risks. But how-come only the suckers in the financial markets (who should've known better) get the handouts, but not the poverty borrowers who were sharked into these loans?
And on top of that, the dipshit American voters won't even perceive a problem until they start actually paying into the take-from-the-poor-give-to-the-rich fund. They'll blame Depression II on whoever's in the white house next year.
Okay fine: suckers on both ends, misrepresent the loans with teaser rates and misrepresent the borrowers as A1 credit risks. But how-come only the suckers in the financial markets (who should've known better) get the handouts, but not the poverty borrowers who were sharked into these loans?
And on top of that, the dipshit American voters won't even perceive a problem until they start actually paying into the take-from-the-poor-give-to-the-rich fund. They'll blame Depression II on whoever's in the white house next year.
Re: Real Time: Disaster Capitalism
I added a mirror and flagged the old one as dead. Now it's up to an admin to do some magic stuff. In the meantime, head over to the mirror section.
