Tuesday, May 22, 2012

"The market" is free - to enslave us


President Obama and France's President Hollande joined the chorus demanding European banks be "recapitalized;" that is, printing "unimaginable amounts of money" London is demanding to bail them out.
from So, You Think You Still Have "Your Money"?

What in the Constitution requires us to cover the gambling debts of private banks?  Is there a provision which requires us to cover their gambling losses in Vegas?  If not, why not?  Gambling is gambling, whether on some financial technicality, cards, or some sporting event.