Comment: The thing is, the free market

(See in situ)


The thing is, the free market

The thing is, the free market would work if investors and depositors actually punished banks for fradulent behaviour. They don't. The consumers are too stupid; they keep on falling for the same old tricks...banks push policies that make tremendous money in the short term; they use this to edge out banks that promise more sound policies that have much more realistic ROR. Then the first bank fails, people get pissed, another bank arises with the same stupid promises as the first, and people fall for it, hook, line, and sinker. Not to mention that the individuals who properly did business with the second bank (the one pushing sound policy) are adversly affected by the fact that the majority of their friends and neighbors lost so much of their wealth, thereby crippling the economy.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a