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In reply to the discussion: Iceland Was Right, We Were Wrong: The IMF [View all]tama
(9,137 posts)31. The 2008 crisis is far from over
Greece etc. being now raped by IMF and rest of Troika is just one episode in the story of collapse of Global Capitalism.
Letting "too big to fail" banksters fail instead of pulling all the duckt tape from market means only one thing: freedom to breath cleaner air. Iceland had revolution, they kicked out the parasite leaches and crowd sourced a new constitution.
You can identify with the parasite class all you want and hope for rape to continue ad infinitum, but it wont. That's economy 101.
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And how many people were screaming that bailing out these parasites without extracting huge
Egalitarian Thug
Aug 2012
#11
I do not believe that the world would have ended had there been a reasonable bank and market
amandabeech
Aug 2012
#61
Assisting responsible homeowners with their house payments wouldn't have created a run on the banks
Blanks
Aug 2012
#44
Probably at the annual Third Way Anti-Social Justice Movement convention on K St.
Zorra
Aug 2012
#25
Even more precisely, Iceland was wrong.. like us.. FIRSt, then fixed it.
progressivebydesign
Aug 2012
#36
As I recall, no one said a meltdown was impossible, because no one saw it coming.
Honeycombe8
Aug 2012
#67
The need for a banking system is not the same as the need for the current cast or SOP
TheKentuckian
Aug 2012
#57