Wednesday, September 17, 2008
Life in crazyland
Clearly, only a crazy person would not want to ensure maintaining minimum survival needs for elderly people to the stock market. It is stable and ever-growing, and if only we'd invested the national retirement fund then the free market would have made sure that the bread lines were as comfortable as possible.
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of you have sat, and perhaps thought, with us!
1 comment:
Phil Gramm should not be allowed to have a checking account let alone comment on the economy.
The Gramm-Leach-Bliley Financial Services Modernization Act of 1999 effectively repealed the Glass-Steagall Act of 1933 and directly contributed to the sub-prime lending crisis.
Letting banks take on the role of broker AND allowing them to underwrite their own risk. Brilliant.
Tell the world: Phil Gramm put the pieces in motion for our current financial situation. McCain relies on Gramm for economic guidance.
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