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You have probably been following, at least to some degree, the European financial
crisis and in particular, the Greek bailout.
1. The European Central Bank is protected from taking a loss on its
Greek bond holdings while private investors are set to take a 50% to 70% loss.
Well maybe right but then again, maybe not so right. Consider:
1. When the financial crisis hit, what exactly did the Congress do? They did
precisely what the Federal Reserve, the Treasury Department bureaucrats, the monster
banks and the Wall Street operatives told them to do. They simply obeyed all the
unelected and unaccountable factions that had gotten us into the mess in the first
place giving them obscene amounts of money to keep the game going.
So how different are we from the Greeks? Actually, not very different at all. The Congress has become nothing more than a servile lap dog that holds committee meetings on a regular basis to be kept up to date on what the unelected rulers are doing and what those rulers expect from Congress. Pathetic is too kind a word to describe the collective incompetence of these people.
I have been known, on rare occasion, to drop
a letter to the editor. I enjoy being part of the "Letters" community and, agree or disagree,
I always find the page to be interesting. Every once in a while something special comes along
(besides mine which are always special, right?). That happened on 2/21/12 in the RJ in a letter
written by J. Daluga of Henderson; the subject was how some people are always trying to impose
their moral codes on everybody and how this is coming from both sides . . . . .
"The right says
abortion is immoral, gay marriage is immoral and secularism is immoral. The left says being
rich is immoral, fatty foods are immoral and fossil fuels are immoral.
Well said J. Daluga.
Knight can be reached at: email@example.com