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Northwest Voices

Seattle Times letters to the editor

Category: Wall Street bailout
February 14, 2009 at 9:00 AM

American credit

Buying inexpensive ropes Vladimir Lenin is reported to have once said, “The capitalists will sell us the rope with which we will hang them.” Eighty-some years later it looks like Comrade Lenin was nearly correct. But, instead of selling the rope with which to hang ourselves, it appears we have bought so many inexpensive ropes on credit…

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February 2, 2009 at 4:00 PM

Wall Street

<img src=”http://seattletimes.nwsource.com/ABPub/2009/02/02/2008699009.jpg” width=”345″ class=”pic” /> AP Photo / Mark Lennihan Rolando Gamez sweeps up litter on Wall Street in front of the New York Stock Exchange. Greed stomping democracy Editor, The Times: Another day and another outrageous article about the lavishness of the Wall Street group [“Obama chastises Wall St. on bonuses,” Times, Business, Jan. 30]. Our political leaders verbally chastise the…

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December 21, 2008 at 4:00 PM

Economic crisis

A time for irresponsibility In instance after instance, the focus of the foreclosure debate in this country has been on predatory lending, not on personal accountability. Although entirely predictable, but especially disturbing at this pivotal time, is the near complete aversion among our elected representatives and the media to forcefully discuss the share of responsibility home buyers…

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November 28, 2008 at 1:57 PM

$700 billion bailout

Excuse me, your pyramid is upside down Has a pyramid ever been built from the top down? Why are the large corporate entities being bailed out when the nation’s people are going under at record rates? Doesn’t the base always support the top rather than the top supporting the base? Could it be that “trickle down”…

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November 15, 2008 at 4:52 PM

The economy: Oh, what a mess we’re in

Susan Walsh / The Associated Press Treasury Secretary Henry Paulson speaks during a news conference at the Treasury Department in Washington on Wednesday. Bring in the unions Editor, The Times: Millions of Americans are losing their jobs and homes in the largest economic upheaval since the Dust Bowl and the Great Depression. CEOs and the wealthy get a $700…

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November 4, 2008 at 2:47 PM

Return on the investment

Haven’t seen them for years I hear politicians pandering to “invest in education,” “invest in health care,” “invest in energy independence” and “invest in green technologies.” Tell me if I’m wrong but aren’t there two sides to an investment deal? If taxpayers “invest” in these things, what is each party’s contracted performance outcome, our rate of return…

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November 2, 2008 at 3:34 PM

Former Fed Chairman Alan Greenspan

The economic witch doctor Shame on former Federal Reserve Chairman Alan Greenspan, who abandoned his capitalist beliefs decades ago [“Former hero Greenspan blamed for credit crisis,” Nation and World, Oct. 24]. The capstone to his abandonment was his willingness to serve as the chair of the Federal Reserve, a statist intrusion into the economy. The iron fist of…

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October 25, 2008 at 6:22 PM

$7 billion bailout

Regulate, please When U.S. Treasury Secretary Henry Paulson recently loaned money to banks, they were not required to do anything with it. Unlike the British, Paulson did not require banks to ease the credit freeze by loaning the money to other banks, to businesses or individuals. Consequently, the banks have no incentive to do anything with the…

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