In order to judge their success, we need to know their plan. If they planned to build stable companies and help people they failed. If they planned to get filthy rich and screw us over they were a success.
Or morality is so far off the charts and gaining through nefarious means is as good (actually better) as any means, that what used to be a calling to become educated to serve is merely a joke. Of course, that is true, but then it gets to what you are talking about.
Actually, Freddie and Fannie are merely socialist constructs, which always are used to enrich the few, through the government, at the expense of all. Hitler did it, Stalin did it, promises meant to be broken but which enrich their cronies and, of course, the state.
It wasn't bright minds, it was socialist minds. Some were foolish enough to believe they could provide the undeserving with homes, others knew the whole game from the beginning, none of them are particularly bright, but as a group they are persistent and willing to use any means necessary to achieve their goals.
Chaos, socialized markets, civil unrest, anarchy, whatever, so long as they gain greater access to the levers of power, that is their goal. It looks like they have, beyond any doubt, succeeded. There is only one direction, at this point, and even the Republicans have tipped their hands.
I'm beginning to think that the real answer, long-term, is to expand the "gray" economy and increase its level of sophistication, to the point that it provides its own credit and capital.
Then amp it up enough that the government finds its real options too tightly constrained to do much damage.
The catch is that it's getting harder and harder to move money around sub rosa, these days.
The so-called elite and/or brightest minds are no longer being trained to serve. They use to be but now it is now and most (I use to work on wall street) come out with the idea that they deserve to make millions and without working to hard at it either!
Logical, inevitable, and a prelude to utter madness.
LFG IRS Heroic...
Note:
All avatars and any images or other media embedded in comments were hosted on the JS-Kit website and have been lost;
references to haloscan comments have been partially automatically remapped, but accuracy is not guaranteed and corrections are solicited.
If you notice any problems with this page or wish to have your home page link updated, please contact John Hardin <jhardin@impsec.org>
JS-Kit/Echo comments for article at http://smallestminority.blogspot.com/2008/09/quote-of-day_22.html (9 comments)
Tentative mapping of comments to original article, corrections solicited.
Maybe those smart-brained Elites went to the Sorbonne...?
In order to judge their success, we need to know their plan. If they planned to build stable companies and help people they failed. If they planned to get filthy rich and screw us over they were a success.
Or morality is so far off the charts and gaining through nefarious means is as good (actually better) as any means, that what used to be a calling to become educated to serve is merely a joke. Of course, that is true, but then it gets to what you are talking about.
Actually, Freddie and Fannie are merely socialist constructs, which always are used to enrich the few, through the government, at the expense of all. Hitler did it, Stalin did it, promises meant to be broken but which enrich their cronies and, of course, the state.
It wasn't bright minds, it was socialist minds. Some were foolish enough to believe they could provide the undeserving with homes, others knew the whole game from the beginning, none of them are particularly bright, but as a group they are persistent and willing to use any means necessary to achieve their goals.
Chaos, socialized markets, civil unrest, anarchy, whatever, so long as they gain greater access to the levers of power, that is their goal. It looks like they have, beyond any doubt, succeeded. There is only one direction, at this point, and even the Republicans have tipped their hands.
I'm beginning to think that the real answer, long-term, is to expand the "gray" economy and increase its level of sophistication, to the point that it provides its own credit and capital.
Then amp it up enough that the government finds its real options too tightly constrained to do much damage.
The catch is that it's getting harder and harder to move money around sub rosa, these days.
The so-called elite and/or brightest minds are no longer being trained to serve. They use to be but now it is now and most (I use to work on wall street) come out with the idea that they deserve to make millions and without working to hard at it either!
Ivy League schools have essentially become diploma mills for well heeled Marxists and other morons.
"Ivy League schools have essentially become diploma mills for well heeled Marxists and other morons."
Don't you just mean "schools" in general? :)
The catch is that it's getting harder and harder to move money around sub rosa, these days.
You know it's bad when the IRS considers taxing your virtual income from playing World of Warcraft.
Logical, inevitable, and a prelude to utter madness.
LFG IRS Heroic...
Note: All avatars and any images or other media embedded in comments were hosted on the JS-Kit website and have been lost; references to haloscan comments have been partially automatically remapped, but accuracy is not guaranteed and corrections are solicited.
If you notice any problems with this page or wish to have your home page link updated, please contact John Hardin <jhardin@impsec.org>