Britannia Radio

A truly excellent programme. 

Just a slight pity that he didn't also mention the seminal role that the socialistic pressure group ACORN played originally in pressurising the mortgage companies and government into encouraging and legitimising the unbelievably crazy practice of loaning money, en mass, to people who could not possibly repay the loans. 

The end result of this organisation's activities, in which a certain presidential hopeful has played a significant part, has disastrously affected every country in the world. 

Curiously, this has also resulted in the exposure of the flaws in existing banking practices as it brought much of the edifice crashing down.

Unfortunately this hasn't resulted in reform by a return to individual responsibility for bankers as well as borrowers, but to governments shoring up the wretched creaking edifice at catastrophic cost to taxpayers. 

Inevitably much the same must inevitably happen again in the future, whilst beneficial banking practices will be hobbled with pointless regulations, and bureaucrats will laugh all the way to the bank, and (here) to their gold-plated inflation proofed pensions. 

In this country the singularly, terminally, useless FSA will prosper even if no-one else does. Plus ca change.


Stossel's Politically Incorrect Guide to Politics

http://freekeene.com/2008/10/31/stossels-politically-incorrect-guide-to-politics/

Have a watch
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