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---- 21-03-21 1st draft. 21-04-09 edit So is it J K Galbraith's WHO did it? John Kenneth Galbraith beautifully explained to Congress the How, Why, and the WHO that caused the 2010 market crash; "On Rule of Law" by James K. Galbraith to Congress. "An older strand of institutional economics understood that a security is a contract in law. It can only be as good as the legal system that stands behind it. Some fraud is inevitable, but in a functioning system it must be rare. It must be considered – and rightly – a minor problem. If fraud “or even the perception of fraud“ comes to dominate the system, then there is no foundation for a market in the securities. They become trash. And more deeply, so do the institutions responsible for creating, rating and selling them. Including, so long as it fails to respond with appropriate force, the legal system itself. Control frauds always fail in the end. But the failure of the firm does not mean the fraud fails: the perpetrators often walk away rich. At some point, this requires subverting, suborning or defeating the law. This is where crime and politics intersect. At its heart, therefore, the financial crisis was a breakdown in the rule of law in America. In this situation, let me suggest, the country faces an existential threat. Either the legal system must do its work. Or the market system cannot be restored. There must be a thorough, transparent, effective, radical cleaning of the financial sector and also of those public officials who failed the public trust. The financiers must be made to feel, in their bones, the power of the law. And the public, which lives by the law, must see very clearly and unambiguously that this is the case. Thank you." Statement by James K. Galbraith, Lloyd M. Bentsen, jr. Chair in Government/BusinessRelations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin, before the Subcommittee on Crime, Senate Judiciary Committee, May 4, 2010 However, the Who that is actually causing this crash is not the Who described by J K Galbraith. Those people are always with us, thieves, liars, and the power hungry. Instead the real culprits are precisely identified in the: The Great Donkfication Authored by MN Gordon via EconomicPrism.com, on ZeroHedge.com "Right here, boys! Right here! Get your cake, pie, dill pickles, and ice cream! Eat all you can! Be a glutton! Stuff yourselves! It’s all free, boys! It’s all free! Hurry, hurry, hurry, hurry!” – Pleasure Island voiceover, Walt Disney’s Pinocchio (1940) This leaves only one possibility for WHO is responsible. Look in the mirror voter, you elected these criminals, makes you a willing accessory, doesn't It? How do we prevent this kind of event in the future? It is time for recriminations and jail time. Pronto. Last edited by Dan on Sat Apr 10, 2021 8:32 am; edited 5 times in total ---- After much trial and error came to the conclusion that there are not many really reliable and they can be trusted. The last platform on which to stop this https://mycasinoindex.com/game/twin-samurai this site is one of the best. Satisfied 100% and can safely recommend others. I would recommend it to others. Everything is safe and most importantly fun! Good luck! ---- You can win money at any casino, and a lot depends on your luck. If you are new to gambling and have never played at an online casino, you should check out the game Air Jet in 1win website https://air-jet.org/ . This site is reliable and many people trust it, the money comes without delay. It is very interesting and, most importantly, profitable. All times are UTC |
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