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		<title>Another Giant Bailout of Wall Street?</title>
		<description>Discuss Another Giant Bailout of Wall Street?</description>
		<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street</link>
		<lastBuildDate>Wed, 22 Feb 2012 18:44:40 --800</lastBuildDate>
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			<title>bluebluesdancer says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102487</link>
			<description><![CDATA[That's all fine and dandy, but the problem lies in the banking system itself. We borrow money from a private company (The Fed) to whom we gave permission to make our money. Then we pay them interest for it, and the money that pays that interest comes from our taxes. We need to make our own money instead, and then when you or I borrow money, the interest we pay will go straight to running the country, instead of into the deep pockets of the bankers. We would no longer need to pay taxes and we would be more wealthy than we would know what to spend it on! Lincoln was assassinated trying to make the above system permanent (he had used it throughout the Civil War) but as soon as he died the banks moved-in and set-up our current 'debt-system'. The banks are in deep sh**, and now is the time to change the system. Just two days ago Dennis Kucinich put forward a bill to do this very thing!! Check out: http://cromalternativemoney.org/index.php/en/media/news/new-bill-introduced-by-dennis-kucinich-hr6550-end-the-fed.html kucinich.house.gov/.../NEED_Act_Fact_S heet_09232011.pdf]]></description>
			<dc:creator>bluebluesdancer</dc:creator>
			<pubDate>Sat, 08 Oct 2011 13:04:44 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102487</guid>
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			<title>Martha Luehrmann says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102166</link>
			<description><![CDATA[Excellent article, Bob. What do you think we should be doing about it? Should we let Greece and Italy fail? Should we let The Street fail? Is there any way we could couple a bailout with real concessions to prevent further risk-taking? Martha Luehrmann]]></description>
			<dc:creator>Martha Luehrmann</dc:creator>
			<pubDate>Thu, 06 Oct 2011 15:10:26 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102166</guid>
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			<title>Ken Hall says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102150</link>
			<description><![CDATA[Not true, the big nanny capitalist state of the US does bail outs, too, while not holding any of the perpetrators of the financial collapse responsible for their actions. But then, small gov't can't be expected to stand up to its large corporate masters, can it?]]></description>
			<dc:creator>Ken Hall</dc:creator>
			<pubDate>Thu, 06 Oct 2011 13:18:33 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102150</guid>
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			<title>Ken Hall says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102146</link>
			<description><![CDATA[Just to add to what John Locke wrote. CDOs are not insurance, and they are not regulated as insurance is. That is one of the reasons that CDOs were used for the questionable transactions in the shadow markets, they would not have passed the test for insurance. CDOs were used to get around the regulation and scrutiny that insurance would have involved. We heard an awful lot, around the time of TARP, about the sanctity of contracts, but if a contract is not regulated, why should taxpayers be responsible? The quid pro quo put in place after the bank bailout of the 30's was that if you want the US gov't to bail you out, you'll have to accept regulation so it can keep an eye on you and make sure it doesn't happen again. The deregulation of Wall St and financial markets that was pushed by conservatives under the guise of "smaller gov't" is directly responsible for our Great Recession. There is also a basic problem with a financial system where bets can be made on an outcome in which the bettors have no ownership or principal, but that's another subject.]]></description>
			<dc:creator>Ken Hall</dc:creator>
			<pubDate>Thu, 06 Oct 2011 13:08:14 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102146</guid>
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			<title>BVA says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102123</link>
			<description><![CDATA[A question for every Republican presidential candidate: "The Obama administration appears to have delayed (deferred, suspended, or slowed) prosecution and civil litigation against executives of banks, mortgage companies, and other financial entities presumably until the economy recovers sufficiently so as not to interfere with that recovery. "Do you, sir, plan to reinstitute and/or reinvigorate these deferred investigations, prosecutions, and civil litigations against financial executives and entities implicated in causing the economic collapse when the economy recovers?"]]></description>
			<dc:creator>BVA</dc:creator>
			<pubDate>Thu, 06 Oct 2011 11:10:07 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102123</guid>
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			<title>giraffee2012 says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102093</link>
			<description><![CDATA[Get the $$ out of politics - Supremes' "person hood" decision should get them impeached (cuz they are bought and paid for -- Scalia/Thomas for sure) http://www.huffingtonpost.com/dylan-ratigan/get-money-out-join-100000_b_983427.html VOTE DEM VOTE OBAMA - a non-vote = support for TP/GOP. Go to your Dem headquarters + find others to go out with you to the poor, minority, etc neighborhoods. Get them and u registered and get mail-in ballots. Our elections are FREE -- thus the IDs required are free = even though Walker (WI Gov) wants to charge $28. If u're in a GOP/TP governed state, make sure you get registered and if rejected - then go to ur REP (It is their duty to deal with FED matters - elections are a FED matter - and outlined in constitution) VOTE DEM VOTE OBAMA. 2012 is the most important election we have ever had. VOTE or you give the GOP/TP th power to take us worse than u can imagine]]></description>
			<dc:creator>giraffee2012</dc:creator>
			<pubDate>Thu, 06 Oct 2011 07:02:18 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102093</guid>
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			<title>PaineRad says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102015</link>
			<description><![CDATA[While enacting a new Glass-Steagall is a necessary component in solving our current financializatio n of the economy, it is by no means sufficient to solve anything. The causes go far deeper than this simple regulation. We have to deal with the systematic theft of worker productivity and its diversion into coprporate CEOs' hands over the past 35+ years. We have to deal with the deindustrializa tion of the American economy through the hoax of "free trade". We have to deal with the systematic starvation and privatization of the commons. We have to deal with the expansion of corporate personhood into the rights of citizens. We have to deal with the glorification and deification of militarism and war profiteering. We have to deal with the monopolization of the US economy. The list could go on for pages. But we have to start and we have to look beyond simple, one shot answers that are insufficient to solve the underlying problems.]]></description>
			<dc:creator>PaineRad</dc:creator>
			<pubDate>Wed, 05 Oct 2011 16:31:38 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102015</guid>
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			<title>PaineRad says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102014</link>
			<description><![CDATA[Actually, it was Clinton, at the behest of Summers and Rubin and others, who signed the Gramm-Leach-Bliley Act. Clinton also signed the Commodity Futures Modernization Act of 2000 that perpetuated derivatives trading in the dark and without regulation and oversight. While George W Bush was an unmitigated disaster, war criminal, domestic law breaker, deserter and all around evil and corrupt dude, he was not the only recent president whose administration did bad things for corporate cronies and did genuinely stupid things to round out his failures.]]></description>
			<dc:creator>PaineRad</dc:creator>
			<pubDate>Wed, 05 Oct 2011 16:21:00 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102014</guid>
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			<title>PaineRad says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102011</link>
			<description><![CDATA[On what distant planet have you been living over the last, oh say 3500 years? The British govt. bailed out the East India Company in 1773 by cutting taxes on its overflowing surplus of tea and putting all the American colonists at a huge price disadvantage. Thus ensued the Boston Tea Party. Every teapot dictator over the last two or three centuries has bailed out his buddies with favors and preferences. Every dynasty and monarch from the pharaohs to the Mings to the Ceasars, Khans, Tudors, Borbons, Hohenzollerns, Hapsburgs, etc. supported/bailed out their court allies whenever possible.]]></description>
			<dc:creator>PaineRad</dc:creator>
			<pubDate>Wed, 05 Oct 2011 16:11:19 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102011</guid>
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			<title>PaineRad says:</title>
			<link>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102010</link>
			<description><![CDATA[The calamity from the failure of "too big to fail" would make the 30s look like Club Med. The solution is to split up the too big into nice and small, into human scale sized entities. Then the failure of some of them would be no big deal, no great disaster.]]></description>
			<dc:creator>PaineRad</dc:creator>
			<pubDate>Wed, 05 Oct 2011 15:57:41 --800</pubDate>
			<guid>http://www.readersupportednews.org/opinion2/279-82/7721-another-giant-bailout-of-wall-street#comment-102010</guid>
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