Comments on: Faith-based financial reform

By: loguealator

loguealator — Wed, 21 Apr 2010 13:20:29 +0000

Supply Siders had blind faith that self interest would preserve us, and their regulatory appointees considered themselves redundant, despite overwhelming historical evidence, and material incentives to the contrary.

By: HBC

HBC — Tue, 20 Apr 2010 15:49:04 +0000

If faith in government means putting up with monumental bailouts and selling indulgences to shady dealers, then faith in the nature of the free market is MIA.

By: Ghandiolfini

Ghandiolfini — Tue, 20 Apr 2010 15:39:38 +0000

Maybe this meltdown is and Act of God, also maybe it is rather a leap of faith.

By: Storyburncom_is

Storyburncom_is — Tue, 20 Apr 2010 11:06:13 +0000

I don’t see what Faith in Jesus has to do with Goldman Sachs.

By: edeichnger

edeichnger — Tue, 20 Apr 2010 02:27:20 +0000

Faith is fudge. It’s the same old argument. Objective truth versus subjective truth. They killed Jesus because he said, ‘I am god’[this injected doctrine of 'he died for our sins' is nothing but something that was written in the documentation to fool the people in favour of control] He told the truth. It was his truth(subjective) but when he said it in court, it became his assertion that it was also objective truth. That is what got him labeled a heretic and ultimately the death penalty. So now we have these companies saying that their truth[we can make up the rules(create a situation where we can lend to ourselves and create huge documents that the lawyers will never be able to find the details of)however we want]because no one will ever know(objective). Of course there are financial institutions and folk in the industry who said that reality (the objective truth)was something not to be ignored with “Irrational exuberance”.
And so now we are back you your FAITH theme and yes it takes faith but also reality.