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Building an Open Future [This Network is not currently active and cannot accept new posts] | | Topics
Economic Depression 2009?Views: 165
Mar 21, 2009 11:22 pm re: re: re: re: re: re: re: re: Economic Depression 2009?

Lamar Morgan 954-603-7901

John,

If what you are telling me is true - and not just your opinion or speculation - I am angry at the Republican Party (as I am a registered Republican) and my own government. No one who is decent endorses corruption. Even casinos here in California have material advising caution when gaming (gambling).

I worked for Bear Stearns myself for nearly 16 years. Most of that time I was pricing mortgage-backed securities for institutional clients. Do you think I thought Freddie Mac and Fannie Mae were providing me with fraudulent information? Of course not. But, at some point both organizations were passing along inaccurate information. And, certain people high up knew it was inaccurate and did not care. And, now the entire nation is suffering.

It's not that the free market system does not work. It's the free market system that has enabled the United States the lead the world the way it has with innovative ideas. It's the politics that attaches itself to the process that is the problem.

Can we separate politics from the free market system? I believe we can. There certainly is a lot of talk about separating church and state, why not politics from free markets?

Lamar Morgan
CDMM - Synergistic Business Marketing
707-709-8605
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