[lbo-talk] [Pen-l] "One capitalist always kills many"

Marv Gandall marvgand2 at gmail.com
Mon Oct 7 08:31:04 PDT 2013


On 2013-10-07, at 10:22 AM, c b wrote:


> Two reason's the tea Republicans are doing the bidding of the 1% in
> forcing a default on the debt:
> 1)If the US defaults, it will be an excuse for Wall Street to raise
> the cost of borrowing for decades increasing 1% profits over the long
> run.
>
> 2) One capitalist always kills many, especially in crashes, panics and
> depressions, when they can buy up a lot of failing capital cheap...

Headlines in today's Bloomberg News:

A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall By Yalman Onaran Oct 6, 2013

http://www.bloomberg.com/news/2013-10-07/a-u-s-default-seen-as-catastrophe-dwarfing-lehman-s-fall.html?alcmpid=mostpop

U.S. Stocks Drop on Default Concern Amid Budget Deadlock By Alexis Xydias & Lu Wang Oct 7, 2013

http://www.bloomberg.com/news/2013-10-07/u-s-stock-index-futures-drop-amid-debt-limit-deadlock.html



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