GREED is not irrelevant

This from RCP website:

http://www.realclearpolitics.com/articles/2008/09/bailout_blues.html


"As one of my more knowing correspondents put it: "Wall Street loves money but hates free markets, because free markets distribute economic benefits to those who earn them, rather than to those best able to seize them."

The capitalist investment bankers stand accused, rightly, of having invented brilliant kiting schemes -- ultimately to deliver credit to customers who hadn't earned it. Their "greed" is irrelevant -- everyone is trying to make money. The point is that the schemes themselves were basically unsound. The lesson is that when home ownership is considered a "right" instead of a privilege, it is not only the housing market that goes bottom up."

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That first paragraph is SPOT ON.... and then the bastard basically says, "Well, we can't blame the bankers, boys will be boys, its not their fault that they have absolutely no scruples, morals or any inkling of risk restraint."

THEIR 'GREED' IS NOT, IS ABSOLUTELY NOT IRRELEVANT. THEIR GREED IS THE DEFINING FEATURE OF ALL MODERN, MATURE CAPITALIST STATES, AND THEIR GREED IS EVIL.

We must be EVER VIGILANT against that greed. And not blame the poor minorities for the fact that the GREED is running the show and won't even allow any modest and reasonable oversight or regulations.