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corporate dominance | legacies

Avoiding Bailout Questions by Ralph Nader

Systemic and structural analysis is more difficult than scapegoating. Speculative greed was at the heart of the dotcom, Asian, Mexican, Argentinian and Russian crises.
"Indicators of avoidance are what come to mind while absorbing the various rescue, recovery, stimulus and guarantee programs coming out of the Obama Administration to slow and reverse a splintering and shattering economy. If the Obamites do not act now when the political time is ripest, to put into motion forces of deterrence and prevention, the casino capitalists of tomorrow will again be able to de-stabilize our economy.

The other day I saw Alan Greenspan, former chairman of the Federal Reserve, just about predicting another round of recklessness in about fifteen years. But he called it "human nature" not casino capitalism."

to read Ralph Nader's article posted March 13, 2009, click on
 http://wallstreetwatch.org/blog/?p=1

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