Privatizing Money

[grantcart]

14. No I don't think that he fails to see that, I think that was the main point of his post.

And your strangely worded reply also has no bearing on what I said whatsoever.

My point is that if your going to use statistics and facts then it undermines your agrument and makes it easier for people that you disagree with to mischarachterize your conclusions if in coming to those conclusions you have used polemical devices that can be called into question.

Given your reply I suspect that the observation above may still be beyond you so let me be even more explicit.

Nothing in my reply has ANYTHING TO DO WITH the general conclusions he makes.

All bank interventions are NOT the same. Australia's attempt to nationalize banks cannot be compared to our rescuing of Goldman Sachs, for example.

If you accept that all bank interventions are NOT the same and this one is IN PARTICULAR EVIL. Then omitting key facts that would seem to be against your argument not only doesn't help your argument it makes it appear that you yourself don't believe that you have a strong argument because you don't address the key counter facts.

I have absolutely zero opinion on whether or not this was a good or bad move. I do know that if your going to write a piece stating that the banks got off scott free when the bond holders were forced to reduce the equity of their positions by 50% then its not going to carry much weight with people who are familiar with this most basic fact.

If it is a bad deal then it should be dissected carefully and thoroughly. Finally I think that when Americans take to lecturing other countries on their economic policies a less condescending and more fact driven argument will have greater effect.

Again no problem with the general substance and geneal conclusion that banks get preferrential treatment but in this case the most preferrentially treated are Greek Shipping Billionaires who still don't have to pay one penny in taxes. Bashing the rest of Europe that has instilled better taxation policies that support a more effective socialist public policy seems odd and counterproductive.