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Casino Capitalism

 
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KimCooper



Joined: 08 Oct 2005
Posts: 247
Location: Northern California

PostPosted: Mon Feb 09, 2009 7:40 pm    Post subject: Casino Capitalism Reply with quote

Ralph Nader calls it "Casino Capitalism" --- the gambling the banking and financial industries have been indulging in, assuming you and I would bail them out, like an enabling co-dependent.



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jbartas
Site Admin


Joined: 06 Oct 2005
Posts: 133
Location: Cupertino, California, U.S. of A!

PostPosted: Mon Dec 28, 2009 6:25 pm    Post subject: Sugar coated Reply with quote

Nader's actually sugar coating it. When a person looses money in a casino, the taxpayers don't reimburse him. Yet when Banks and car companies gamble and loose, that's exactly what happens. It's a form of corporate welfare; the very opposite of true capitalism.

When Bush did this it was par for the course. It hurts, however, to see Obama going along with the same practice.


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