View Full Version : The Faw.
Watch it. The Credit Bubble.
Dutch subs but its in English. Great watch.
Q.......... link..Where it went wrong (http://www.hollanddoc.nl/kijk-luister/documentaire/w/vpro-import-waar-het-fout-ging.html)
BTW, you can only watch temporarily, otherwise you have to buy the dvd, just saying.
the movie.. what happens when the rich get richer? (http://theflawmovie.com/)
The flaw is that we abandoned capitalism for a state ran economy.
12-05-2011, 03:19 PM
The libertarian, Ayn Rand and Milton Friedman free market acolyte Alan Greenspan had a chance to make that point, and did not. Of course, he was under oath, so perhaps didn't want to lie about these things. Others are not under such constraints.
As we all know, Alan Greenspan instead blamed the markets, and in particular, his own assumptions that market actors could be relied upon to do the right thing for everybody out of self interest and keeping the market itself sound. He admitted he was wrong, and that market forces failed to act according to what his ideology said they would. Ate that crow in televised hearings, as you may have seen.
The particular actions of the government involved were taking off regulations, or refusing to impose regulations as in the near-quadrillion dollar sized derivatives market.
State AGs wanted to stop predatory loan practices using state law-- they were stopped from enforcing state law by the Comptroller of the Currency stepping in and forbidding it.
Are you claiming that the US Federal Reserve is a capitalist entity in favor of free markets?
12-05-2011, 04:28 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body">WTF is a "FAW" anyway? </div></div>
Since you already know (from your first reply) can we all presume you are now playing stupid? Here's a clue, next time you're at Walmart buy an "L" then stick it to your forehead. It will come in handy when reading typos like oser, bink, midde, and coset. Oh what fun you will have with your new found literacy! St.
Why are you copying my lines?
Oops ... I forgot, you have no mind of your own.
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