OT - Capitalism in Crisis -- It's hard to run a safe banking system when the central bank is recklessly easy
On Sun, 10 May 2009 20:48:09 -0700, "John R. Carroll"
wrote:
snip
I think this is one of the big differences between Bush/Paulson and
Obama/Geithner. The latter intends to be deliberate and pragmatic.
The former was just putting out fires willy nilly, or trying to anyway. It
was terrible to have all this come to a head in an election year.
snip
It came at exactly the right time. I only wish that all these
crisis would arise just before elections.
Do you think President McCain and Secretary of the Treasury Gramm
would be doing any better?
Unka' George [George McDuffee]
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He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?
Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).
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