Peter Schiff on debt downgrade

then what happens is the govt says omg you cant do that, we are going to regulate you. so then we find out that the banks are really owned by insurance companies, who now sell them off since they got the relief funding they wanted and don't want regulated, move the money, and sell the bank at a loss and get a tax credit. Since they don't pay taxes, they wind up getting a refund.
 
on a very small and remote scale, this may be possible.
but large metropolitan infrastructure projects would be all but impossible without some degree of municipal finance
 
actually they cited inability to raise tax revenue


now lets get your stupid racist ass a ban. how long would you like?
 
man, i am in total agreement that the system is fuct. the marriage of banks and government was a terrible terrible idea.

but banks and municipal finance are two different issues
 
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