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10-24-2009, 05:32 AM
(This post was last modified: 10-24-2009, 05:33 AM by kandrathe.)
Quote:If the country's economy, and thus its security, depended on the solvency of the USC athletic department, then yes, we should all care. In reality, tho, SC's biggest exports are wingnuts, Congressional incivility, and South American mistresses. (Maybe that last one is "sexports"...)
It's tax money. What difference does it make if it's TARP or not?
Quote:Now looking at the bulk of your first link (bold mine):
I believe it is the federal government who is insuring bank customers, so IMO they can define what conditions must be met to be considered a "bank" versus, say, a "pyramid scheme."
And before you get all Glennbeckian about the phrase "proper pay practices", and I know you will, ("who decides what's 'proper'? who benefits from it? it's a socialist attack on our bankers!") look at the phrase "proper accounting practices". I would not invest a dime into an organization that doesn't use proper accounting practices. One might argue that it's the IRS imposing its will, but p.a.p. really benefits most the owners of the business -- yes, the capitalists.
I wish Aahzmadius were here ... he is a CPA and last I saw him he was a libertarian. His POV would be interesting and most likely informative. (Note that he and I have different politics yet I consider him to be a friend of mine -- albeit an on-line friend I haven't heard from for a couple years.)
-V
Uh, huh. And, then... Can we expect to see the pay Czar protecting the public air waves from evil capitalists? Do we really need the government to walk into board rooms and tell people how to best run their companies? Last time I checked, banks were still private corporations. And... one last thing... I'm not Glen Beck any more than you are Cesar Chavez, so let's quit the character assassinations.
”There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." - Hamlet (1.5.167-8), Hamlet to Horatio.