The Global Financial System

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The American financial system, and to a certain degree the entire global financial system, is going through a gut wrenching period that is going to hurt of lot of people.

And the cause? Insufficient regulation by the American federal government. For the last eight years avaricious businessmen, Republicans, and the upper financial classes have been asking for less government regulation and lower taxes on rich people. The Bush II administration has given them exactly what they asked for. They made their beds, and now WE ALL have to lie in them.

More and more financial analysts are recognizing that unregulated markets and capitalism do not tend towards equilibrium. Rather deregulation causes larger and large swings of the boom and bust cycle.

These rapacious bastards don’t care at all that 50 million people in America do not have health insurance. The suffering of these people and their families is completely irrelevant to these greedy, immoral pricks (of course unless they can figure out a way to make money off the suffering of these unfortunate folks).

John McCain is more of the same. Reduce government regulation, reduce taxation on the wealthy, blah, blah, blah. This is not the American dream. This is the nightmare we get when greed overrules compassion. When dishonesty and agressiveness overrule fairness, integrity and good manners.
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This may be the legacy of a generation which believes "Give me mine, screw everyone else."
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