Archive for category Current Events
Why should US Finance&Credit system, now being nationalized,be allowed to continue to run on For-Profit basis?
Posted by admin in Current Events on November 24, 2009
As greedy middleman, have not the moneylenders and moneychangers been taking and increasingly larger cuts from both the producers and consumers & from the savers/investors & the borrowers?
Haven’t their fees & penalties gotten unreasonable? Their contracts too punitive and legalistic?
Isn’t the US F&C system just a support function for the efficient use of capital by producers and consumers? Should money be chasing real goods and services made by efficient producers and educated prudent consumers rather than money be chasing money for profit?
THX for info, but did you A my Q about the economic role of F&CS which has been turned into a P&L business beyond what was prudent?
If I may, w/o Answering my own Q, say this was in the back of of my mind when I asked the Q: IMO, Bankers, Lawyers, & Accountants, in their support roles, do not & should not be allowed to run the US/World economy into the ground.
Donna
