Save the banks? What for? What is to save there that is worthwhile for the majority of the individuals in USA, and possibly the world over? Or to save the banks so they can continue unhindered to amass insane profits?
Mr. Bush said, that the bank rescue package is
"For the financial security of every American"
but very few give him credit, as credit nowadays is in short supply, that what Mr. Bush says, is what he means. What it actually is going to happen.
All this vast sum of money pledged, to save the banks will be used to furnish the enormous appetites of a limited bunch of executives to a great part, and very little, if any at all, will be channeled to maintain what is worth for, for the people as such. Or what is actually is going to be channeled down, is misery and hardship, which unlike credit the US administration has ample quantities in reserve.
As quite a lot of these monies will be used to feed scavenging companies, which like vultures encircle the carcass ready for the kill to pick up rich spoils, as this report suggests.
All the executives responsible for the fall would have already built up substantial nest eggs, unscathed and untouched by the whole shambles, even used to short-sell their own stock, (what kind of entrepreneurs are they after all, not to foresee and take advantage of an opportunity), and the only people to suffer, are the people hapless recipients of the so-called services to the public banks render. The only ones really affected and hit hard, their stories untold, since their cases are not mass media material, their credit crunch-busting parties would not sell.
And what else could you expect from a state run by the same bunch of individuals that have similar ulterior objectives, and nothing in common and it is not even in their mind, the welfare of the individuals that their services is/was supposed to provide for.
Both of these groups of people common objective is to sustain growth, an insane insistence on fallacious indicators applied in a fragmented manner for each of the companies, based strictly on the wares the company offers for, and the profits they make, isolated from the economy at large. As if the aggregate of all these individual growth figures, a strictly monetary approach, has any grounds, and it does reflect growth that matters, for the individuals in a society at large.
A growth that is not based upon the real needs of individuals in a society, but the needs of voracious companies to furnish all the short-sighted fragmented economic indicators and figures, overindulge and bathe in their sunshine (from UV-lamps more likely, artificial).
As each company and the people responsible for their running lack the ability to see beyond their company's needs, have a fragmented, distorted view of the economy, highly biased by their own limited perspective, ignoring all else.
All the monies certainly would end up in coffers of already established entrepreneurs-individuals, a result of the structure of the system and the mentality of the individuals involved. And states, overrun by a horde of people whose their needs are highly exaggerated, unreal and superficial, detached by the needs of the human individual.
By all means ample help should be given to maintain the service banks provide, to maintain the infrastructure necessary but never with that bunch of people in charge and not with the same mentality. With a different focus.
A focus not based upon the fallacy that the leaders and not the development of individuals, empowered to take on, in their hands, humanity's affairs, all in control of their lives. Agent-based societies to provide the amenable conditions. Conditions that exist in, and are part of, of each and every individual
Societies that evolve by the dynamic of change developed within each individual, where the presence or not of a leader is purely coincidental.
Societies will take their path, follow their trajectory, regardless temporary setbacks emanating out of external manipulations by unscrupulous individuals, powered by ulterior motives.
Societies where each and every individual within their bosom and amidst their ranks, matters for. What societies should be for.
