Corporate Socialism has destroyed our nation
Last updated 2/14/2008 at Noon
They don’t call it money anymore. It’s liquidity. And we were awash in it a year ago. The oceans were rising, the lakes overflowing, the wells and cisterns full and the financial institutions were issuing credit freely without any due diligence.
Then suddenly it all evaporated – it just dried up, almost overnight. The banks and financial institutions announced they had lost tens of billions of dollars. Housing prices began dropping. Loan institutions went bankrupt. Stock prices plummeted.
The economy was going into seizure. The paramedics arrived and announced we have to give this s...