Thoughts on the current caplitalist crisis

The Republicans in US are howling about socialism. As if the American government is turning into a socialist government. Yes, it is true that however they put it, they have effectively NATIONALISED the mortgage firms and the AIG and other firms they are bailing out, but no, this is not socialism, because the moment the markets improve and there is a whiff of profit in the air, they are going to sell them back to the private sector, to the same fat cats that bankrupted these institutions.

What happens is: They socialize when they lose, they privatize when they gain. Socialise to spread the loss to the general public, privatize when the institutions are profiting.

The question is: Why should the average American pay for the mistakes of the fat cats? Let them die over their own mistakes. Why should they be bailed out by the tax payer money? The economy won't get worse if they pay for their own mistakes!

Yes, they want us all to believe that this is the end of civilization, the disaster of the century, etc. And the media are always happy to oblige and make a mountain out of a mole hill. Not only because most of media belongs to them anyway, but also because this is the business of the media, to make mountains out of mole hills, otherwise they won't sell.

If they manage to convince us all that this is the end of the world and the greatest disaster in the human history, yes, then we will ask our politicians and representatives to vote for the bailout. So it is in their interest to paint a really gloomy picture, whilst it is not as bad as they want us to believe it is. I would say, no, let them sink in their stinking ships, they brought it upon themselves, and now they have to pay. They should not be saved by the taxes of the poor people who have not had any responsibility in the this fiasco.

I would say, just for once, don't believe in their lies. Yes, it is bad, but bad for THEM, not bad for us. Let them pay for their greed.

Wall Street Saved by poor taxpayers money, business as usual

Well, well, well, Republicans and Democrats both voted to save Wall Street firms again. Did we expect anything else? Not me. It is business as usual in the heart of capitalist world. Taxpayers money is used as usual to foot the bill for saving the bungling big firms. They are allowed to gamble with other people's money, to lose billions of dollars, to pay themselves hefty bonuses, and whenever they push the firms over the brink and into the abyss because of their intense greed, the government is there to save them. So, why should they care? Why do we expect them not to repeat the same mistakes again and again. When there is no punishment, when there is always government waiting there to be called to save you, why should you care how much money you lose through your greedy acts, especially that it is other people's money, not yours.

Will the American government ever put a penny into public health care or free education in the university? NO, of course not. It is a free market man! Government is not supposed to help the public in a free market, it only helps the fat cats. But when the fat cats need money, yes, we are there to pay you a trillion dollar out of the same poor people's money. So it is only free market for the poor people, who are left to drawn without any help.

The fall of Lehman-Brothers and the stupidity of the so called financian geniuses of Wall Street

Lehman Brothers joined the other giants of wall street falling one after the other after the mortgage crisis, and yet, you think these rocket scientist geniuses of the financial markets will never make a mistake. What is the difference between these and every other Joe in the street then. They were taken by the same market exuberance in the mortgage markets and before that in the tech bubble like any other person. And yet, they keep rewarding themselves with seven figure bonuses and play these risky games with other people's money and each time it is the small shareholder and mortgage taker that has to pay the price.

Wall Street is all a sham, there is not an ounce of brain in that whole corner of the street in New York.