I get tired of hearing about socialism whenever there’s greater government participation in a watchdog capacity. That’s not socialism at all in my book but simply the government fulfilling its role as the vanguard of the people. Pure unbridled capitalism cannot and will never work with the inherent Machiavellian nature of man. Enslavement is inevitable without accountability, it is only a matter of degree. Individuals cannot remain unchecked. Again, never has worked and never will.

Give more Constitutional oversight to the people themselves (such as recall and referendum) and you’ll see a lot of this greed disappear. This financial crisis was not accidental but deliberate, there were no miscalculations whatsover (just schemers and fall guys) and the lenders involved have not to date paid the piper as they should have. Fines are not enough and paper money can be printed to cover that. Only actual incarceration behind vertical bars, with a true deprivation of liberty, is the ultimate deterrent.

I’m a Reserve member. Thank you.

If the Federal government also nationalizes private pension accounts such as 401 (k’s) and puts the money into Social Security , then the potential for trouble increases that much more. Policy makers would require an extra measure of physical security and the Secret Service would have to hire many more agents to meet the new risks which bad policy could create. Hope we don’t go down that road.