roachboy

this is just another of the seemingly endless series of situation in which the petit-bourgeois viewpoint says nothing at all about structural problems. this is self-evidently a political matter and not a "market" one.

kinda makes you wonder whether there are any "market" issues, when you get down to it---markets being state/legal creations and so political--bigger markets being therefore political matters in themselves--financial markets first and foremost in this enlightened capitalist society within which human beings are worth less than cash and commodities---when things are operating normally, the political underpinning of markets can disappear into the background (along with the regulatory underpinnings) and so it becomes possible, given an adequately superficial view (no need to say more about neoliberalism) for people to talk in terms of abstract market relations and forces and to moralize about those who win and those who loose as if all of this was necessary and natural---so it is here---but when things get squirrely, the regulatory underpinning and political stakes resurface.

the mortgage "bailout", if it comes, will follow from the perceptions of political damage created by the bear-stearns buyout, and not because suddenly the republicans, for example, start actually giving a damn about the regular people who are loosing their homes.

but they have to appear to give a damn.
pace machiavelli

__________________
a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear

it make you sick.

-kamau brathwaite