Tag Archives: ayn rand

Understanding the US Financial Crisis, Why Banking Regulations are a Temporary Fix

Part #3 of Understanding Capitalism and Socialism
by Joaquin

With the great financial crisis of 2007-2010 all over except for the screaming and yelling; and the yelling and screaming is over because oil spilled all over it; and with the oil spill all over because someone parked a SUV with toy timers on it in Manhattan; it’s time to understand how the financial crisis was solved; so let’s get started. By the way, aren’t we all glad the financial crisis is over? Well except in Greece and maybe Spain, Ireland, Portugal, Italy and the UK; don’t forget California and other bankrupt states, counties, municipalities, and your parent’s pension; not to mention a giant national debt that is ballooning out of control; but yeah otherwise the financial crisis is over. How do we know its over? Well, just turn on the financial news anywhere and you will hear that the recovery is in full swing except for people having jobs and buying houses. The crisis is so over that it has been over and over. I mean if you Google “housing market has bottomed” you can find out that the housing market has bottomed out constantly since 2006.

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