Final Lesson on Wall Street Bailouts

Discussion in 'Economy' started by Brutus, May 11, 2011.

  1. Brutus
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    Brutus Senior Member

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    1) much of Wall Street went bankrupt

    2) the bailouts prevented a world wide depression

    3) all or most of the bailout money was repaid

    4) bail out amount was less than $1billion

    5) the liberals hate business and Wall Street so pretend Wall Street caused the problem in the first place when all in the know, know liberal regulation caused the problem.

    6) In fact the real bailout was to Fanny/Freddie; it was or will be for $1.5-$3 trillion and won't ever be paid back!!
     
  2. Toro
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    Toro Diamond Member

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    I do generally agree with the OP but Wall Street and the financial industry played a significant role in the financial crisis, benefited enormously from riding on the backs of the US taxpayer and are now paying themselves enormous amounts of money once again while unemployment remains high and wages are stagnant. So I don't blame people for being pissed at Wall Street.
     
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  3. Brutus
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    Brutus Senior Member

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    actually you're mistaken. Wall Street was a symptom not a cause. All agree that liberal regulation was the cause.

    lets not forget that half of Wall Street went bankrupt thanks to liberal regulation. Remember what liberal regulation did to the USSR and Red China. Its fitting that the liberal had to bail out the mess they caused.

    who cares if they are pissed. The issue is, are they smart enough to end the liberal socialist regulation so it won't happen again.
     
  4. Toro
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    Toro Diamond Member

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    All do not agree that "liberal" regulation was the cause. In fact, few agree. The only people who agree with that are highly biased conservative ideologues whom one would expect to make that argument since they are attempting to deflect blame for their role in the crisis. I would expect nothing less.

    After spending nearly 20 years in the capital markets, I can only conclude that the Efficient Market Hypothesis is a joke.
     
  5. Brutus
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    Brutus Senior Member

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    "First consider the once controversial view that the crisis was largely caused by the Fed's holding interest rates too low for too long after the 2001 recession. This view is now so widely held that the editorial pages of both the NY Times and the Wall Street Journal agree on its validity!"...John B. Taylor( arch conservative, author of the Taylor Rule)


    " The Federal reserve having done so much to create the problems in which the economy is now mired, having mistakenly thought that even after the housing bubble burst the problems were contained, and having underestimated the severity of the crisis, now wants to make a contribution to preventing the economy from sinking into a Japanese Style malaise....... - "Joseph Stiglitz"
     
  6. Brutus
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    Brutus Senior Member

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    of course as a liberal you can't understand. Here's a liberal version that maybe you can. Imagine the libtards made all the popular drugs and gave them to all the drug companies in unlimited quanity. The drug companies would then be in a competitive race to move those drugs anyway they could to whomever they could.

    Now imagine the libturds printed money in unlimited quanities and gave it to the banks! Now you understand the great recession.
     
  7. Toronado3800
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    Toronado3800 VIP Member

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    Brutus, you are finding what you want in the quotes.

    Pick a regulation you are for or against and we will debate it.
     
  8. Brutus
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    Brutus Senior Member

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    1) impossible since liberals lack the IQ to debate. You just said I was finding things!!!!!! HOw do you debate if you can't read or think to read??

    2) you cant debate so you're are trying to change subject from conclusions about bailouts to debate on regulations.
     
    Last edited: May 12, 2011
  9. Toronado3800
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    Stop that! You mentioned regulations first lol.

    If you dont have any which contributed do you retract the statement?
     
  10. Brutus
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    Brutus Senior Member

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    any????? any what????
     

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