Hi Aimster,
Huge reply!
I read a book about 6 months ago called Liars Poker which was about the start of the mortgage securitisation back in the late '70 by Salomon Brothers.
Initially it was done in a responsible way (relatively) it's only when they (not Salomon) discovered that they could offset the loan risks by spreading them bonds around and mixing and chopping that figured that even the riskiest loans could be de-risked, big mistake.
I think that countries go in cycles when it comes to extreme politics, swinging one way or another.
Just watched the Goodnight and Goodluck again and that was a very good reminder of the extremism that was forced upon the country by one little known senator Joe McCarthy.
You are either with us or against us, what rubbish.
The thing about living in 'free' society is that you should have no fear of voicing your opinion.
I think George Orwell wrote the blueprint for a lot of the current governments way of managing the populace in 1984, if you re read it it's predictive powers are incredible. The one thing he failed to see in his book is that it is not necessarily the totalitarian governments that practice the control of populations by fear but the so called democratic governments.
Apologies for going of subject but you put such a lot into your reply.
Regards
Neil
