Anarchocrapitalism, "libertardianism", et al.

jamesd at echeque.com jamesd at echeque.com
Fri Jan 5 23:21:29 PST 2018


On 1/6/2018 2:40 PM, juan wrote:
> 	"The Size of the Bank Bailout: $29 Trillion "
> 	https://www.cnbc.com/id/45674390

The reason the banks needed to be bailed out was affirmative action 
lending, that they were pressured to lend money to illegal immigrants 
with no income, no job, and no assets to buy million dollar houses in 
the Bay Area.

It is not exactly that they were forced to do it, though the Bank of 
Beverly Hills was destroyed because the regulators sensed insufficient 
enthusiasm for the program, which seems very close to forcing them to do 
it, rather it was politically correct to do it, and politically correct 
bankers, most infamously Angelo Mozilo, were empowered by the regulators 
to take over less politically correct bankers.



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