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No fucking shit.
I made a mistake in presuming that the self-interest of organizations, specifically banks and others, was such as they were best capable of protecting their own shareholders.- Alan Greenspan, former Chairman of the Federal Reserve.
No, really? Amazing. See, I figured that one out in the wake of the Savings and Loan debacle. I saw it again when I read about the robber barons and the birth of the labor movement. Anytime there is a chance to gain wealth, power, and/or prestige, unethical people will flock to it. People who will flout the laws, break the rules, and trample everyone to get their particular brass ring. They may even be a distinct minority, but when there are tens of thousands of bankers, even a 1% rate of occurrence for these thugs means hundreds or thousands of them.
Lord & Sons would be much better off if I had a pintel-mounted M2HB Machine Gun. I see a truck from White Cap or another of our rivals? BUDDABUDDABUDDABUDDABUDDABUDDA. But we have laws that keep us from doing that. So we are forced to beat them into the ground with better service and competitive prices. Darn it.
Folks, I am a high-school dropout. Why the FUCK do I grasp the concept of "people are greedy fucks, and given the chance, will screw their own grandmothers to make a buck" better than a man with a couple of advanced degrees?
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I have yet to figure out how No Regulations and Trickle Down Economics are supposed to work in the Real World. And I'm a Bookkeeper.
It should be noted that there are reports coming out now that state - Since WWII, the economy has grown and the Wealth of the Nation has Increased during... Democratic Presidents. The economy has failed under the Republican Dudes.
The moral was If you want the Economy to Grow - Vote Democratic.