The populist rant about greedy banks that is being loudly ventilated in Congress is a distraction from the true causes of the crisis. The dire condition of America's financial markets is the result of American banks operating in a free-for-all environment that these same American legislators created. It is America's political class that, by embracing the dangerously simplistic ideology of deregulation, has responsibility for the present mess.
John N. GrayRelated topics
american class condition congress crisis distraction embracing environment ideology mess political present rant responsibility result populist banks deregulation free-for-allRelated quotes
I am a Republican because I believe in the constitution, strength in national defense, limited government, individual freedom, and personal responsibility as the concrete foundation for American government. They reinforce the resolve that the United States is the greatest country in the world and we can all be eternally grateful to our founding fathers for the beautiful legacy they left us today.
Martha Raye
Pat, did you notice yesterday the ACLU, and all the Christ-haters, People For the American Way, NOW, etc. were totally disregarded by the Democrats and the Republicans in both houses of Congress as they went out on the steps and called out on to God in prayer and sang "God Bless America" and said "let the ACLU be hanged"? In other words, when the nation is on its knees, the only normal and natural and spiritual thing to do is what we ought to be doing all the time - calling upon God.
Jerry Falwell
This whole theory [of John Law and Jean Terrasson], as dear to French financial schemers in the eighteenth century as to American "Greenbackers" in the nineteenth, had resulted, under the Orleans Regency and Louis XV, in ruin to France financially and morally, had culminated in the utter destruction of all prosperity, the rooting out of great numbers of the most important industries, and the grinding down of the working people even to starvation.
Andrew Dickson White
I agree with you, Mr. Chairman, that the working men are the basis of all governments, for the plain reason that they are the more numerous, and as you added that those were the sentiments of the gentlemen present, representing not only the working class, but citizens of other callings than those of the mechanic, I am happy to concur with you in these sentiments, not only of the native born citizens, but also of the Germans and foreigners from other countries.
Abraham Lincoln
Were I to deduce any system from my feelings on leaving Eton, it might be called The Theory of Permanent Adolescence. It is the theory that the experiences undergone by boys at the great public schools, their glories and disappointments, are so intense as to dominate their lives and to arrest their development. From these it results that the greater part of the ruling class remains adolescent, school-minded, self-conscious, cowardly, sentimental, and in the last analysis homosexual.
Cyril Connolly
