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Originally posted by darksky
reply to post by kdog1982
Sure, I can agree that there is an education process going on and that is a good thing.
But, while that is a good thing, Id say we are doing everything backwards as we instead of gaining knowledge, identifying the symptoms of the problems, identifying the reason for the symptoms and THEN reacting now have turned this into getting fed up with the symptoms, and reacting to them without really knowing whats behind them.
So to look at the upside of that, sure, some are going through enlightement (those open to it) but the majority are still out there for the wrong reasons.
This combined with people having a tendency to get impatient just feels like asking for trouble.edit on 7-10-2011 by darksky because: (no reason given)
Originally posted by boncho
Originally posted by Ben81
If it reach Toronto .. Montreal might be next
I read your post with a quebec accent and it made complete sense.
If you’re looking for a major cause of the current banking meltdown, you need seek no farther than the 1999 repeal of the Glass-Steagall Act. The Glass-Steagall Act, passed in 1933, mandated the separation of commercial and investment banking in order to protect depositors from the hazards of risky investment and speculation. It worked fine for fifty years until the banking industry began lobbying for its repeal during the 1980s, the go-go years of Reaganesque market fundamentalism, an outlook embraced wholeheartedly by mainstream Democrats under the rubric "neoliberalism."