Animated as ever. It’s interesting that the grievances are more or less the same as the Ron Paul Republicans and libertarians. The causes for the problems and the solutions are different however. These statists seem to ignore the primary fact that it is government intervention which is the common thread which ties all those grievances together. Their monopoly of force is a honey pot for those seeking advantages and a breeding ground for corruption. By ignoring economic law and advocating larger government they are also asking for more wealth destruction, more corruption, more of the same failing policy we’ve had for the last 100+ years. You can’t “get the right people.” They don’t exist. The system is flawed.

Redirect blame.

http://money.cnn.com/…

The government seizure of IndyMac Bancorp Inc. late Friday may set off more concern about other banks failing under the weight of the mortgage implosion and credit crisis, but few seem to be in danger, according to Richard Bove, a banking analyst with Ladenburg Thalmann Inc.

Bove said there was likely some truth to accusations that comments from “a prominent senator” that IndyMac was in danger hurt the thrift, one of the largest mortgage lenders in the country.

Sen. Charles Schumer, D-N.Y., raised concerns about the bank in a letter June 26 that has been widely criticized as undercutting investor confidence in IndyMac. The senator defended his actions in a news conference on Sunday, saying his letter merely pointed out problems that regulators allowed to build up for years.

“There are no benefits by having prominent officials claiming that large financial institutions are failing, are insolvent; are incapable of raising funds; or that they should be allowed to fail,” Bove wrote in a note to clients. “This grandstanding does nothing to create confidence in the American financial system.”

“Additionally, there can be no doubt that this recent era of regulation-lite allowed excesses to develop in the financial system. The unwillingness of the supposed protectors of the system to actually protect it is also inexcusable,” Bove said.

Let us look at these two statements separately and together.

There are no benefits by having prominent officials claiming that large financial institutions are failing, are insolvent; are incapable of raising funds; or that they should be allowed to fail.

BS. Prominent officials are just human beings, likely investors, and their opinions matter just as anyone else’s in the market. They may be ignorant of economic theory, they may be completely talking out of their ass but the MSM has thousands of economic gurus doing that every day and few complain.

Additionally, there can be no doubt that this recent era of regulation-lite allowed excesses to develop in the financial system. The unwillingness of the supposed protectors of the system to actually protect it is also inexcusable.

I would hardly call this an era of regulation-lite. There are lots of regulations. The problem is government intervention. As for unwillingness to regulation. I simply don’t believe that. Politicians will do whatever will get them the most power. If regulation is it they will. Economic law be damned.

Together now. Bove should be complaining about politicians interfering and regulating and not them talking. Is it really that difficult to see that cheap money and other market manipulations are the primary causes for this all? The cheap money dumped into the housing market? The unfair advantages given to the GSEs. The evidence seems to scream off the paper/monitor. These guys like Bove want to keep this fascist system going. They are going to blame those who are competitors. And it’s likely to work… like the many times before… and we will all suffer because of it.

http://www.washtimes.com/…

Environmentalism, says Czech President Vaclav Klaus, is the new communism, a system of elite command-and-control that kills prosperity and should similarly be condemned to the ash heap of history.

The provocative Mr. Klaus, an economist by training and former prime minister, said in an interview that today’s global warming activists are the direct descendants of the old Marxists who trampled on individual freedoms and undermined free markets in pursuit of a greater good.

“I understand that global warming is a religion conceived to suppress human freedom,” he told editors and reporters at The Washington Times. “It is used to justify an enormous scope for government intervention vis-a-vis the markets and personal freedom.”

The 66-year-old Mr. Klaus was in Washington this week for talks with senior U.S. officials, including Vice President Dick Cheney, and to tout his new book, “Blue Planet in Green Shackles,” about the dangers to life, liberty and prosperity posed by the modern environmental movement.

He may be just stirring things up to sell his book but there are many who see this environmentalism movement as an excuse to give governments more power. I can’t say I disagree. Very few of the eco people advocate non-statist solutions.