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<p>[QUOTE="bahabully, post: 1136629, member: 17555"]"For several years there would have been no credit cards, no car loans, no banks, no food on grocery store shelves since just about every chain finances inventory, etc... Sometimes it is better to give a free pass to a few of the guilty rather than gut the innocent to make sure everyone gets the correct punishment..."</p><p> </p><p>.....sorry, but BS.</p><p>no credit cards - ok, maybe.... probably a good thing imo. and as a cash cow for any financial institution, would be the 1st thing back into play when solid banks took over the game.</p><p>no car loans - as above... </p><p>no food on grocery store shelves - flat out BS.. maybe a few high flying chains would dry out, but farmers markets have more than enough to keep folks fed. And companies with cash not exposed to deriv's and speculation could finance the game on the books with markets until the fed distributed cash in normal fashion to get the wheels on the bus rolling again.</p><p> </p><p>"That sounds like Russia in the 1920s, not a solution." < no, that was economic governance change..... but if your referring to the methods employed to deal with the crooks... well, I like the way Russia, and also China, deal with criminals.. white collar and blue.</p><p>You go out in the US and kill 20 people in daylight with 100 witnesses and it takes 5 million in legal fees and 35 years to hang your ass.</p><p>You go out in the US and steal a Trillion dollars+ from people and you get rewarded with the same amount of money given to you from the government for doing so well at it.</p><p>Do either of those in Russia or China and they spend $5 on the judges time and 25 cents for the bullet, and it done in a few weeks.</p><p>.... I know folks who've worked and do work in China,,, the common preception I hear is that the place in run much better than the US from an economic and judicial perspective,, definitely not what the media wants you to hear....[/QUOTE]</p><p><br /></p>
[QUOTE="bahabully, post: 1136629, member: 17555"]"For several years there would have been no credit cards, no car loans, no banks, no food on grocery store shelves since just about every chain finances inventory, etc... Sometimes it is better to give a free pass to a few of the guilty rather than gut the innocent to make sure everyone gets the correct punishment..." .....sorry, but BS. no credit cards - ok, maybe.... probably a good thing imo. and as a cash cow for any financial institution, would be the 1st thing back into play when solid banks took over the game. no car loans - as above... no food on grocery store shelves - flat out BS.. maybe a few high flying chains would dry out, but farmers markets have more than enough to keep folks fed. And companies with cash not exposed to deriv's and speculation could finance the game on the books with markets until the fed distributed cash in normal fashion to get the wheels on the bus rolling again. "That sounds like Russia in the 1920s, not a solution." < no, that was economic governance change..... but if your referring to the methods employed to deal with the crooks... well, I like the way Russia, and also China, deal with criminals.. white collar and blue. You go out in the US and kill 20 people in daylight with 100 witnesses and it takes 5 million in legal fees and 35 years to hang your ass. You go out in the US and steal a Trillion dollars+ from people and you get rewarded with the same amount of money given to you from the government for doing so well at it. Do either of those in Russia or China and they spend $5 on the judges time and 25 cents for the bullet, and it done in a few weeks. .... I know folks who've worked and do work in China,,, the common preception I hear is that the place in run much better than the US from an economic and judicial perspective,, definitely not what the media wants you to hear....[/QUOTE]
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