tag:blogger.com,1999:blog-9864176.post1046633475167676653..comments2023-12-01T16:56:04.415+11:00Comments on Peak Energy: Adam Smith On UsuryBig Gavhttp://www.blogger.com/profile/00682404837426502876noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9864176.post-90813056304248095062009-04-30T14:54:00.000+10:002009-04-30T14:54:00.000+10:00"pure capitalism"What is it? Where is it? And woul...<B>"pure capitalism"</B>What is it? Where is it? And would it really have made a difference?<br /><br />In the modern age, why are people still obsessed by this fictional ideaology of "purity"?<br /><br />You see it in so many debates...<br /><br />Pure Islam.<br />Pure Christianity.<br />Pure Market Capitalism.<br /><br />Live it in a dream Mark.SPhttps://www.blogger.com/profile/12467929366702367892noreply@blogger.comtag:blogger.com,1999:blog-9864176.post-61651413969415825072009-04-29T18:35:00.000+10:002009-04-29T18:35:00.000+10:00Well - the crunch started with Bear Sterns and the...Well - the crunch started with Bear Sterns and then Lehman's going bust - both victims of their own greed and involvement in the subprime fiasco.<br /><br />Fannie and Freddie seem to be victims of the stupid lending practices of others, rather than the cause of the problem - at least as I understand the way American mortgage origination works...Big Gavhttps://www.blogger.com/profile/00682404837426502876noreply@blogger.comtag:blogger.com,1999:blog-9864176.post-41069614633315189292009-04-28T21:55:00.000+10:002009-04-28T21:55:00.000+10:00I may be too late, but has anyone else other than ...I may be too late, but has anyone else other than me noticed that a considerable portion of the credit crunch and resulting financial crisis began with Freddie and Fannie, two "government backed" banks. This was not pure capitalism, this was government regulation of the worst kind.<br /><br />Please, shoot me down and enlighten me.Mark Heathhttps://www.blogger.com/profile/05808263952376327980noreply@blogger.com