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Post by chalkedon on Oct 2, 2008 5:30:17 GMT -5
^^ yeah...i want to see that movie. I still dont know why ppl dont take to the streets ! Veto the bill...save America from those special interest groups. Dammit...as anti I am against the US, It kills me to see what that country has become Do not bail out those Greedy Bastards !!! I hope this only shows that this capitalistic society created by " modern day " america will fail. The minute you put $$$ in front of ppl you will have a problem. Eliminate the FED !
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Post by Emperor AAdmin on Oct 2, 2008 7:34:23 GMT -5
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Post by epiroti on Oct 2, 2008 11:12:46 GMT -5
It's true that the investment banking CEOs are generally very greedy. And that's not just them, but western culture in general is not as far-sighted as it should be. One needs only look at the pre-university education system to get the point. The twentieth century has provided amaizing knowledge on the human psyche, yet teaching style in schools hasn't changed much. It needs initiative and investments, but politicians don't have the b@lls to do it. We only deal with the immediate fears, and are driven by temporary pleasure. We'd all assume that such big banks would have near-perfect systems of spoting trouble and acting accordingly. But they don't. Hell, when investment banks raise money for a company, most of their time goes into choosing impressive words to describe the package, instead of focusing on other critical factors. I know this because I have friends doing this type of job. But we shouldn't forget that an economy which allows loans to be trasferred so easily is also a strength. People can start a business in the west easier than in the east. It's just that the banks failed to find a good balance. They got greedy, and problems were created. And, from what I understand, the problems got amplified much more because confidence fell. Banks knew that some made loses, they weren't willing to loan money to each-other out of fear that they wouldn't get it back, and that brought in far more losses. The fear made things much worse. I think the US government should have been able to predict the potential damage of lack of confidence, and interferred so the problem wouldn't get this big.
I think that's what this Bill is about. Restoring confidence in the market. If confidence isn't restored, it will be harder for loans to be given out to companies (like in manufacturing, etc), and the average person in the west will get affected. It's just that it is too early to see that effect. It might happen in months or years.
If people are pissed off why they should pay for the mistakes of CEOs that gumble with others' money and they themselves get millions of dollars of bonuses (hard earned bonuses by the way, because you guys don't know that in the first 2-3 years of working in a bank you work for an average of 15-16 hrs a day in some front-office departments - it reaps your fvcking soul out), they should be pissed of at the governments a little more for not having put up enough regulations to force such CEOs to be a little more careful.
Another fvcked up thing is that politicians twist the subject in such ways to escape the truth, and to appeal people's fears or admirations, instead of simply being true leaders, putting aside (uninformed) public opinion and just doing what's right.
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Post by Teuta1975 on Oct 2, 2008 14:25:20 GMT -5
All the problem is how wealth is distributed. The polarization is so extreme that millionaires have corrupted the Government and politicians so that they approve laws that help only the rich to get richer and make middle class work harder so that they will have no time to get involved in politics as to understand what's happening...imagine, my colleagues didn't have any idea how some people got the packages of millions in retirement plans (they are Doctors by the way)...when I told them today, their reaction was:
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PARIS DIO_MYSUS!
Amicus
It's Nice to be Important but It's more Important to be Nice!
Posts: 3,681
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Post by PARIS DIO_MYSUS! on Oct 2, 2008 16:01:22 GMT -5
You better wake up and understand that things are manipulated and people are mislead. World is Beautiful Video, I Am the Only Right Way and the Door to Holy Infinite Life!!! God is He and HE Is Myself, Lord Sun_MYSUS Christ !!!!! My Website www.nationmaster.com/encyclopedia/MysiansMysia Pronounced Jesus the Messiah.
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rebel
New Member
Posts: 3
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Post by rebel on Oct 2, 2008 21:16:01 GMT -5
What the federal reserve is doing is literally injecting liquidity in the financial markets, which is like having an increase of money supply in the economy. So pretty much the federal reserve is supporting these financial firms who made bad decisions and who are inefficient...The true show of a firm is how they do under bad conditions not under good conditions and those that went insolvent should be left to become insolvent and let the market take care of the rest. But of course the central bank has to stick its nose in this matters and this will not only increase inflation in the long run, but these same decisions that brought these markets down will again be executed in the future which will cause the same problems in the future...they will never learn.
But now the federal gov't announced that it is not going ahead with the bill...if i heard correctly... but thats just bull because one way or another money will be going into these markets....
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Post by Teuta1975 on Oct 3, 2008 20:50:21 GMT -5
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Post by Red Brigade on Oct 3, 2008 21:01:00 GMT -5
They suddenly find billions to spends for the bankrupt companies but when it comes to social security the money gets vanished all of a sudden.
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