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Originally Posted by Rog
well, as a vegetable grower for a number of years i feel very sorry for the poor bankers...........though i don't think the two are connected? 
actually, the capitalist pigs are getting what they deserve i just don't want a penny of my tax going to help any of them out...i hope the whole global capitalist system falls apart  |
Come the Revolution, up against the wall, bang bang bang!
(c) Tooting Popular Front 
Sorry I got side-tracked on the vegetable gardening thingy.
Well, Marx always said that capitalism would eat itself, and that seems to be what has happened to these greedy gits. Pressure-sell mortgages and re-mortgages to people who can't afford to repay them, then sell bonds on those mortgages, then speculate on the bonds and so on ad nauseam.
South Sea Bubble anyone?
Edit: Lovely quote here:
Quote:
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"When Sir Isaac Newton was asked about the continuance of the rising of South Sea stock? ---- He answered 'that he could not calculate the madness of people'. (Spence, Anecdotes, 1820, p368)
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