Goldman and Sacks have great quarter

Hahahahaha.

yeah that is what caused this near collapse of our economy.


You people just cant get it can you?

No one is talking about a flat line market, we are talking about a system that keeps it alive to live another day instead of tanking every time the monied interests push it off the cliff with their greed.
 
evince said:
Hahahahaha.

yeah that is what caused this near collapse of our economy.


You people just cant get it can you?

No one is talking about a flat line market, we are talking about a system that keeps it alive to live another day instead of tanking every time the monied interests push it off the cliff with their greed.
Click to expand...

so these 'monied interests' are going to set up a system to prevent themselves from pushing the system over the cliff?

Are we channeling the ghosts of Ralph Nader here?
 
evince said:
So much consternation about the fact that the bailout is working.
Yes one of Bush's handlers gave him the lowdown that the Bailout was needed or he would be remembered as the guy who Broke the US for an enternity.

The really funny part of it will be Obama will be the one who gets the credit for the bailout. He did the last traunch of it and it was the Rs who hated the idea right from the begining.

Regulations that watch over the market to keep firms from growing too large and from acting irresponsibley are the future of the market.

No more silly unfettered market crap to keep the monied interests controling our government.
Click to expand...

do you think it is right to give obama the credit? the last couple success stories you posted was due to bush. why aren't you making that more clear? are you that big of a hack?

and there is zero proof that if we had no bailout it would have broken us. we made it through much worse with the great depression. and as if obama came up with all these ideas by himself.
 
cawacko, we could not guarantee banks selling piles of shit wrapped in a bow.
We could bring back glass stiegal
We could break up AIG and do away with too big to fail.
 
Obama will get the credit out of timing of the recovery.

Just like Bush got the credit for being all strong after 911 for talking like a cowboy even though he failed to protect the US from attack.
 
Topspin said:
cawacko, we could not guarantee banks selling piles of shit wrapped in a bow.
We could bring back glass stiegal
We could break up AIG and do away with too big to fail.
Click to expand...
The last one would be supported by most conservatives out there. It's one of the things they are most angry about. Funding failure and patching the bubble isn't a fix for anything.
 
evince said:
Obama will get the credit out of timing of the recovery.

Just like Bush got the credit for being all strong after 911 for talking like a cowboy even though he failed to protect the US from attack.
Click to expand...

be nice to see you a little more honest and admit bush policy worked here....i've had to remind you multiple times these bailouts are bush's...

oh wait, i can predict your response now....it was bush's fault so he doesn't get credit

lame and bull
 
Topspin said:
cawacko, we could not guarantee banks selling piles of shit wrapped in a bow.
We could bring back glass stiegal
We could break up AIG and do away with too big to fail.
Click to expand...


But cawacko thinks the market has to do that every 20 years or so.

Its how the unfettered market sets things "straight".

Most people realize you dont have to live like that any more than you have to let con men stand on the street corner and shuffle three cards on a overturned box.
 
Yurt said:
be nice to see you a little more honest and admit bush policy worked here....i've had to remind you multiple times these bailouts are bush's...

oh wait, i can predict your response now....it was bush's fault so he doesn't get credit

lame and bull
Click to expand...

You had to remind me?

go get the posts asswink.



It was Bush policy and I said so. He didnt think of it and Im sure the economic advisors who told him he had to implement it or be forever the guy who Broke the US for eternity had to dry his tears afterward.

I will never forget the FEAR in his face as he annouced it to the nation.

It was the only response to the fucking mess the taintwallow made of our economic system with his lack of oversight.
 
evince said:
But cawacko thinks the market has to do that every 20 years or so.

Its how the unfettered market sets things "straight".

Most people realize you dont have to live like that any more than you have to let con men stand on the street corner and shuffle three cards on a overturned box.
Click to expand...

An economic historian I am not but would you be so kind as to share with me a time in U.S. economic history when our economy has not gone up and down? I'm not smart but I'm educated enough to know just slapping a few regulations on the market isn't going end economic high's and low's.

Yeah in a perfect world we would always have consistent steady econmic growth without market gyrations. As far as I'm aware we do not live in a perfect world.
 
evince said:
Hahahahaha.

yeah that is what caused this near collapse of our economy.


You people just cant get it can you?

No one is talking about a flat line market, we are talking about a system that keeps it alive to live another day instead of tanking every time the monied interests push it off the cliff with their greed.
Click to expand...

yes retard, the FACT that Greenspan kept interest rates so low for so long during 2001-2004 most definitely made this situation far worse than it otherwise would have been.
 
Superfreak said:
yes retard, the FACT that Greenspan kept interest rates so low for so long during 2001-2004 most definitely made this situation far worse than it otherwise would have been.
Click to expand...

That coupled with no regulations on the lenders did make this possible.

If the regulations were in place what would have happened?

We would have had a ression instead of this mess.
 
evince said:
That coupled with no regulations on the lenders did make this possible.

If the regulations were in place what would have happened?

We would have had a ression instead of this mess.
Click to expand...

You could say the same for the interference from Greenspan. Had he not kept rates so low we would have had a deeper recession in 2001-2005 rather than create the fantasy real estate bubble that in turn burst.

Both events are a huge part of the problem. BOTH events were due to the politicians trying to manipulate the system. Had the idiots in DC not been trying to create 'more home owners than ever before' by eliminating barriers that existed for a reason, we would not be in this mess.
 
evince said:
But cawacko thinks the market has to do that every 20 years or so.

Its how the unfettered market sets things "straight".

Most people realize you dont have to live like that any more than you have to let con men stand on the street corner and shuffle three cards on a overturned box.
Click to expand...

Every 14-18 years the market HAS had corrections like this. DESPITE the interference from idiots in DC constantly changing rules, regulations etc... to try and prevent them from occuring.

1966-1982 was the last time we went through a downswing.
 
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