There is nothing wrong with CAPITALISM?

Most of our country’s serious problems can be laid at the feet of Congress and the White House and not at capitalism.

Take the financial crisis. One-third of the $ 15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing and the Veterans Administration.
Banks didn’t mind making risky loans and Wall Street buyers didn’t mind buying these repackaged loans because they assumed that they would be guaranteed by the federal government.
Under a real capitalist system, financial institutions would not have been intimidated or encouraged into making risky loans and neither would they have been bailed out if they did so.

What do you think

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