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I acknowledge that Chris Hedges is intelligent and well educated, but I disagree with just about everything he said. He makes big assumptions, which are not true, and then uses them in his arguments as if they were fact. He claims to be debating the issues, but his opinions are not objective at all, even going so far as to say Goldman Sachs and financial institutions create nothing. First of all, financial institutions employee hundreds of thousands of people, so they create jobs. They also provide crucial banking and lending services, which society could not live without. Most importantly, financial institutions keep flows of capital steady through financial markets. In other words, they provide liquidity. Most people dont realize that capital flow and liquidity are the life blood that keeps our society functioning. Obama and the media have done so much demonizing and vilifying of financial institutions and wall street, that people dont even know the facts anymore. Instead, they just feel anger, hate, and rage.
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