Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

Irish head toward bailout; Portugal next in line?

World Nov. 19, 2010 - 03:16AM JST ( 2 )

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GJDailleultNov. 19, 2010 - 11:21AM JST

“For me, it is a question of principle to what extent politicians expect market participants to be responsible to some extent for their risks,” she told a conference of German insurers.

The obvious answer is that they should be responsible for all of the risk. Once they aren't the system falls apart.

A loan either has to be repaid or rolled over. If the government steps in and pays then it is is socialism (at least socialism where losses are involved, still "capitalism" when they have "profits"). And if they try to bury the dead bodies in the central bank then it is crime.
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trulymadlyfukaiNov. 19, 2010 - 03:30PM JST

True capitalism would get the world out of this hole, but the one world globalists, socialists and statists won't allow this as it threatens their government-mandated gravy trains.