Fundamentals about capitalism:

[GreatDay]

At its core the concept of capitalism is that each person will want to make money, (here we will take as given that money is the accepted currency of life), if each individual is allowed to do that to the best of their ability the society at large will benefit. The thought being that what is best for each is best for all taken as a whole. This is usually tied to the concept that the collective mind, expressed as individual decisions is better than any that can be agreed to in the real world.


So what went wrong? Wall Street happened. The collection together of capital created organizations to which these simple rules could not be applied.



The individual desire and ability to enrich themselves started working against the system as our structures became so large they supported the framework of nations not the other way around, when you can enslave a population to pay the bill and you can charge the card and put it in your pocket, the desire to make money becomes toxic to society instead of productive.

We must reign in the overall power of money and return that power to the people,… Power to the People….

 

[Stephanie]

 

[GreatDay]

Mitt makes 20% on passive returns and you got no questions? You are a sheep....

 

[GreatDay]

I’m glad that at least no one disagrees with this brief analyses.

 

[healthmyths]

I’m glad that at least no one disagrees with this brief analyses.

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?
A) How would the price be determined other then adding assets up,subtracting debts creating
net value. Then add future revenue streams and future liabilities.. discount the value you
have the price the shareholder would like to GET.

B) Without the exchange NOW the shareholder has to find a buyer.
1) Advertising costs now come in.
2) Contracts of sale created
C) Now at some point maybe months later a buyer is found.
Negotiations,etc. contracts signed and the stock certificates exchanged.

ALL of that is done within seconds ALL due to Wall Street.

So Wall Street as an organized way to quickly,honestly,efficiently change ownership works!

I am convinced by the FACTS Wall Street is grossly maligned and the economic collapse was simply brought on by EXTREME efforts externally exemplified by
the Cloward-Piven Strategy of overloading the U.S. system in order to precipitate a crisis that would lead to a replacement with a national system of "a guaranteed annual income and thus an end to poverty".

Banks FORCED by lawsuit threats (Acorn) to make BAD LOANS were FORCED by FDIC to get rid of the "BAD LOANS"! What could be done was spread the risk and since the Federal government was the force behind forcing bad loans and FDIC forcing getting rid of bad loans we have these DAMNING STATEMENTs about the agency IN the MIDDLE:

Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency
Director James Lockhart said after the hearing.
That does give them effectively a guarantee of the U.S. government.''
Lockhart's Fannie, Freddie Guarantee Remarks Stir Up Confusion - Bloomberg


Then any attempts to "RAINE" in Fannie/Freddie were ridiculed by:

* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of
financial crisis .The more people exaggerate these problems, the more
pressure there is on these companies, the less we will see in terms of
affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman
Christopher Dodd also ignored the President's warnings and called on
him to "immediately reconsider his ill-advised" position. (Eric Dash,
"Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected,
As Critics Complain Of Opportunism," New York Times, 8/11/07)

Please refute with sourcing of comments!

 

[GreatDay]

I’m glad that at least no one disagrees with this brief analyses.

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?


Please refute with sourcing of comments!

oh my!

Let's break this down a little what exactly in my post makes you think that I support a position of "no exchanges"?

Was there something about the word fundamentals you didn't understand?

 

[healthmyths]

I’m glad that at least no one disagrees with this brief analyses.

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?


Please refute with sourcing of comments!

oh my!

Let's break this down a little what exactly in my post makes you think that I support a position of "no exchanges"?

Was there something about the word fundamentals you didn't understand?

You said:
"We must reign in the overall power of money and return that power to the people" Which MY perception is that you strongly believe the OWS mob mentality!

"Fundamentals" being the operative word in your last comment..

YOU didn't share any "fundamentals" of capitalism much less an understanding of FUNDAMENTALS when you wrote Wall Street happened" as if the current economic malaise is Wall Street's fault!

So unless you don't understand the purposes of "exchanges" which the NYSE is one of several on Wall street to facilitate "exchange" of equity positions you are the one with your obvious bias when you wrote.."So what went wrong? Wall Street happened"

By the way what is your expertise to wax so ignorantly against the system of exchanges that provided Trillions of tax dollars to support you evidently and your family!

 

[Soggy in NOLA]

Mitt makes 20% on passive returns and you got no questions? You are a sheep....

Not only do I have no questions, I don't give a fuck.

Happy?

 

[Sallow]

At its core the concept of capitalism is that each person will want to make money, (here we will take as given that money is the accepted currency of life), if each individual is allowed to do that to the best of their ability the society at large will benefit. The thought being that what is best for each is best for all taken as a whole. This is usually tied to the concept that the collective mind, expressed as individual decisions is better than any that can be agreed to in the real world.


So what went wrong? Wall Street happened. The collection together of capital created organizations to which these simple rules could not be applied.



The individual desire and ability to enrich themselves started working against the system as our structures became so large they supported the framework of nations not the other way around, when you can enslave a population to pay the bill and you can charge the card and put it in your pocket, the desire to make money becomes toxic to society instead of productive.

We must reign in the overall power of money and return that power to the people,… Power to the People….

Capitalism at it's core is based on:

-Profit motive.
-Innovation.
-Competition.

Remove any of those components? It's no longer capitalism.

 

[Sallow]

I’m glad that at least no one disagrees with this brief analyses.

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?
A) How would the price be determined other then adding assets up,subtracting debts creating
net value. Then add future revenue streams and future liabilities.. discount the value you
have the price the shareholder would like to GET.

B) Without the exchange NOW the shareholder has to find a buyer.
1) Advertising costs now come in.
2) Contracts of sale created
C) Now at some point maybe months later a buyer is found.
Negotiations,etc. contracts signed and the stock certificates exchanged.

ALL of that is done within seconds ALL due to Wall Street.

So Wall Street as an organized way to quickly,honestly,efficiently change ownership works!

I am convinced by the FACTS Wall Street is grossly maligned and the economic collapse was simply brought on by EXTREME efforts externally exemplified by
the Cloward-Piven Strategy of overloading the U.S. system in order to precipitate a crisis that would lead to a replacement with a national system of "a guaranteed annual income and thus an end to poverty".

Banks FORCED by lawsuit threats (Acorn) to make BAD LOANS were FORCED by FDIC to get rid of the "BAD LOANS"! What could be done was spread the risk and since the Federal government was the force behind forcing bad loans and FDIC forcing getting rid of bad loans we have these DAMNING STATEMENTs about the agency IN the MIDDLE:

Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency
Director James Lockhart said after the hearing.
That does give them effectively a guarantee of the U.S. government.''
Lockhart's Fannie, Freddie Guarantee Remarks Stir Up Confusion - Bloomberg


Then any attempts to "RAINE" in Fannie/Freddie were ridiculed by:

* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of
financial crisis .The more people exaggerate these problems, the more
pressure there is on these companies, the less we will see in terms of
affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman
Christopher Dodd also ignored the President's warnings and called on
him to "immediately reconsider his ill-advised" position. (Eric Dash,
"Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected,
As Critics Complain Of Opportunism," New York Times, 8/11/07)

Please refute with sourcing of comments!

Which basically shows you don't have any idea what happened. The CRA had nothing to do with the derivative meltdown. And it's dishonest to put the blame on Freddie Mac and Fannie Mae..who were only "forced" to take over the bad loans as a method to rescue wall street.

Incredible this bullshit is still being bantered about.

 

[healthmyths]

I’m glad that at least no one disagrees with this brief analyses.

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?
A) How would the price be determined other then adding assets up,subtracting debts creating
net value. Then add future revenue streams and future liabilities.. discount the value you
have the price the shareholder would like to GET.

B) Without the exchange NOW the shareholder has to find a buyer.
1) Advertising costs now come in.
2) Contracts of sale created
C) Now at some point maybe months later a buyer is found.
Negotiations,etc. contracts signed and the stock certificates exchanged.

ALL of that is done within seconds ALL due to Wall Street.

So Wall Street as an organized way to quickly,honestly,efficiently change ownership works!

I am convinced by the FACTS Wall Street is grossly maligned and the economic collapse was simply brought on by EXTREME efforts externally exemplified by
the Cloward-Piven Strategy of overloading the U.S. system in order to precipitate a crisis that would lead to a replacement with a national system of "a guaranteed annual income and thus an end to poverty".

Banks FORCED by lawsuit threats (Acorn) to make BAD LOANS were FORCED by FDIC to get rid of the "BAD LOANS"! What could be done was spread the risk and since the Federal government was the force behind forcing bad loans and FDIC forcing getting rid of bad loans we have these DAMNING STATEMENTs about the agency IN the MIDDLE:

Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency
Director James Lockhart said after the hearing.
That does give them effectively a guarantee of the U.S. government.''
Lockhart's Fannie, Freddie Guarantee Remarks Stir Up Confusion - Bloomberg


Then any attempts to "RAINE" in Fannie/Freddie were ridiculed by:

* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of
financial crisis .The more people exaggerate these problems, the more
pressure there is on these companies, the less we will see in terms of
affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman
Christopher Dodd also ignored the President's warnings and called on
him to "immediately reconsider his ill-advised" position. (Eric Dash,
"Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected,
As Critics Complain Of Opportunism," New York Times, 8/11/07)

Please refute with sourcing of comments!

Which basically shows you don't have any idea what happened. The CRA had nothing to do with the derivative meltdown. And it's dishonest to put the blame on Freddie Mac and Fannie Mae..who were only "forced" to take over the bad loans as a method to rescue wall street.

Incredible this bullshit is still being bantered about.

"Bullshit??
A) CRAs did force banks to make loans to unqualified borrowers.
B) Then when the FDIC cracked the whip told them get rid of these bad loans.
C) Swaps were created for these repackaged securitized bad mortgages BACKED
And by the way YOU doubt the actual quotes from the people involved???
D) So Fannie/Freddie buying MOST of the bad loans were in the words of Federal Housing Finance Agency Director James Lockhart..." a guarantee of the U.S. government."'

And so you are blaming the people that had to MAKE " a silk purse out of a sow's ear" re-sold these BAD loans only by getting the "guarantee of the U.S. government"!

The "bullshit" is you believe the BIASED MSM and ignore the ACTUAL words of
Barney Frank SAID: "Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis."
christopher Dodd.." President's warnings and called on him to "immediately reconsider his ill-advised" position. .
Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis... (New York Times, 9/11/03.

 

[Sallow]

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?
A) How would the price be determined other then adding assets up,subtracting debts creating
net value. Then add future revenue streams and future liabilities.. discount the value you
have the price the shareholder would like to GET.

B) Without the exchange NOW the shareholder has to find a buyer.
1) Advertising costs now come in.
2) Contracts of sale created
C) Now at some point maybe months later a buyer is found.
Negotiations,etc. contracts signed and the stock certificates exchanged.

ALL of that is done within seconds ALL due to Wall Street.

So Wall Street as an organized way to quickly,honestly,efficiently change ownership works!

I am convinced by the FACTS Wall Street is grossly maligned and the economic collapse was simply brought on by EXTREME efforts externally exemplified by
the Cloward-Piven Strategy of overloading the U.S. system in order to precipitate a crisis that would lead to a replacement with a national system of "a guaranteed annual income and thus an end to poverty".

Banks FORCED by lawsuit threats (Acorn) to make BAD LOANS were FORCED by FDIC to get rid of the "BAD LOANS"! What could be done was spread the risk and since the Federal government was the force behind forcing bad loans and FDIC forcing getting rid of bad loans we have these DAMNING STATEMENTs about the agency IN the MIDDLE:

Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency
Director James Lockhart said after the hearing.
That does give them effectively a guarantee of the U.S. government.''
Lockhart's Fannie, Freddie Guarantee Remarks Stir Up Confusion - Bloomberg


Then any attempts to "RAINE" in Fannie/Freddie were ridiculed by:

* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of
financial crisis .The more people exaggerate these problems, the more
pressure there is on these companies, the less we will see in terms of
affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman
Christopher Dodd also ignored the President's warnings and called on
him to "immediately reconsider his ill-advised" position. (Eric Dash,
"Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected,
As Critics Complain Of Opportunism," New York Times, 8/11/07)

Please refute with sourcing of comments!

Which basically shows you don't have any idea what happened. The CRA had nothing to do with the derivative meltdown. And it's dishonest to put the blame on Freddie Mac and Fannie Mae..who were only "forced" to take over the bad loans as a method to rescue wall street.

Incredible this bullshit is still being bantered about.

"Bullshit??
A) CRAs did force banks to make loans to unqualified borrowers.
B) Then when the FDIC cracked the whip told them get rid of these bad loans.
C) Swaps were created for these repackaged securitized bad mortgages BACKED
And by the way YOU doubt the actual quotes from the people involved???
D) So Fannie/Freddie buying MOST of the bad loans were in the words of Federal Housing Finance Agency Director James Lockhart..." a guarantee of the U.S. government."'

And so you are blaming the people that had to MAKE " a silk purse out of a sow's ear" re-sold these BAD loans only by getting the "guarantee of the U.S. government"!

The "bullshit" is you believe the BIASED MSM and ignore the ACTUAL words of
Barney Frank SAID: "Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis."
christopher Dodd.." President's warnings and called on him to "immediately reconsider his ill-advised" position. .
Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis... (New York Times, 9/11/03.

A) No they didn't. They stopped the practice of "Red Lining". Meaning that you could not bar a qualified client from buying in an area considered "blighted" by the banks. It led to the gentrification of many neighborhoods.

B)That's not what happened. Financial companies came with hat in hand to the government saying they had a "problem". Mortgage backed derivatives were tanking and they couldn't cover it. Now that the financial companies were considered "banks" they wanted help. The government then found out that AIG had promised to cover the bets..but they too came up short. So left with the possiblity of every financial firm failing at once..or covering the loans..they chose the latter. It didn't completely work..which was why TARP was necessary.

C)They were backed and securitized by firms like Goldman Sachs as a result of repealing Glass-Stegall. Which, by the way, helped along a new industry of predatory lenders, like Quick Loan Funding.

D)Yeah..that's because they had too. The financial firms bailed.

 

[ScreamingEagle]

I’m glad that at least no one disagrees with this brief analyses.

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?
A) How would the price be determined other then adding assets up,subtracting debts creating
net value. Then add future revenue streams and future liabilities.. discount the value you
have the price the shareholder would like to GET.

B) Without the exchange NOW the shareholder has to find a buyer.
1) Advertising costs now come in.
2) Contracts of sale created
C) Now at some point maybe months later a buyer is found.
Negotiations,etc. contracts signed and the stock certificates exchanged.

ALL of that is done within seconds ALL due to Wall Street.

So Wall Street as an organized way to quickly,honestly,efficiently change ownership works!

I am convinced by the FACTS Wall Street is grossly maligned and the economic collapse was simply brought on by EXTREME efforts externally exemplified by
the Cloward-Piven Strategy of overloading the U.S. system in order to precipitate a crisis that would lead to a replacement with a national system of "a guaranteed annual income and thus an end to poverty".

Banks FORCED by lawsuit threats (Acorn) to make BAD LOANS were FORCED by FDIC to get rid of the "BAD LOANS"! What could be done was spread the risk and since the Federal government was the force behind forcing bad loans and FDIC forcing getting rid of bad loans we have these DAMNING STATEMENTs about the agency IN the MIDDLE:

Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency
Director James Lockhart said after the hearing.
That does give them effectively a guarantee of the U.S. government.''
Lockhart's Fannie, Freddie Guarantee Remarks Stir Up Confusion - Bloomberg


Then any attempts to "RAINE" in Fannie/Freddie were ridiculed by:

* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of
financial crisis .The more people exaggerate these problems, the more
pressure there is on these companies, the less we will see in terms of
affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman
Christopher Dodd also ignored the President's warnings and called on
him to "immediately reconsider his ill-advised" position. (Eric Dash,
"Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected,
As Critics Complain Of Opportunism," New York Times, 8/11/07)

Please refute with sourcing of comments!

Which basically shows you don't have any idea what happened. The CRA had nothing to do with the derivative meltdown. And it's dishonest to put the blame on Freddie Mac and Fannie Mae..who were only "forced" to take over the bad loans as a method to rescue wall street.

Incredible this bullshit is still being bantered about.

if not the gigantic housing ponzi scheme that collapsed.......what was it that caused the derivatives to unwind.....?

 

[Sallow]

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?
A) How would the price be determined other then adding assets up,subtracting debts creating
net value. Then add future revenue streams and future liabilities.. discount the value you
have the price the shareholder would like to GET.

B) Without the exchange NOW the shareholder has to find a buyer.
1) Advertising costs now come in.
2) Contracts of sale created
C) Now at some point maybe months later a buyer is found.
Negotiations,etc. contracts signed and the stock certificates exchanged.

ALL of that is done within seconds ALL due to Wall Street.

So Wall Street as an organized way to quickly,honestly,efficiently change ownership works!

I am convinced by the FACTS Wall Street is grossly maligned and the economic collapse was simply brought on by EXTREME efforts externally exemplified by
the Cloward-Piven Strategy of overloading the U.S. system in order to precipitate a crisis that would lead to a replacement with a national system of "a guaranteed annual income and thus an end to poverty".

Banks FORCED by lawsuit threats (Acorn) to make BAD LOANS were FORCED by FDIC to get rid of the "BAD LOANS"! What could be done was spread the risk and since the Federal government was the force behind forcing bad loans and FDIC forcing getting rid of bad loans we have these DAMNING STATEMENTs about the agency IN the MIDDLE:

Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an ``effective'' federal guarantee, not the
"full faith and credit'' of the U.S. government, Federal Housing Finance Agency
Director James Lockhart said after the hearing.
That does give them effectively a guarantee of the U.S. government.''
Lockhart's Fannie, Freddie Guarantee Remarks Stir Up Confusion - Bloomberg


Then any attempts to "RAINE" in Fannie/Freddie were ridiculed by:

* House Financial Services Committee Chairman Barney Frank (D-MA) criticized
the President's warning saying:
"these two entities - Fannie Mae and Freddie Mac - are not facing any kind of
financial crisis .The more people exaggerate these problems, the more
pressure there is on these companies, the less we will see in terms of
affordable housing."..
(Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie
Mae," New York Times, 9/11/03)

* Senate Committee on Banking, Housing and Urban Affairs Chairman
Christopher Dodd also ignored the President's warnings and called on
him to "immediately reconsider his ill-advised" position. (Eric Dash,
"Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected,
As Critics Complain Of Opportunism," New York Times, 8/11/07)

Please refute with sourcing of comments!

Which basically shows you don't have any idea what happened. The CRA had nothing to do with the derivative meltdown. And it's dishonest to put the blame on Freddie Mac and Fannie Mae..who were only "forced" to take over the bad loans as a method to rescue wall street.

Incredible this bullshit is still being bantered about.

if not the gigantic housing ponzi scheme that collapsed.......what was it that caused the derivatives to unwind.....?

No..that's basically it. You got it right on that point.

The housing ponzi scheme did collapse.

 

[eflatminor]

We must reign...

Another one that thinks he knows what's best for everyone else.

Pass.

 

[bripat9643]

Mitt makes 20% on passive returns and you got no questions? You are a sheep....

He made less than 10%, moron.

You can't even do simple math.

 

[TakeAStepBack]

The fundamentals of capitalism are:

Private property and ownership of the means of production. Free markets (Yes free. As in hands off.). Competition. Voluntary exchange.

Your fundamentals are off and therefore, so is your conclusion.

 

[bripat9643]

I’m glad that at least no one disagrees with this brief analyses.

It's just being ignored like the babbling of a small child.

 

[bripat9643]

I’m glad that at least no one disagrees with this brief analyses.

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?


Please refute with sourcing of comments!

oh my!

Let's break this down a little what exactly in my post makes you think that I support a position of "no exchanges"?

Was there something about the word fundamentals you didn't understand?

Well, the fact that you're a communist indicates you oppose the existence of stock exchanges. After all, they are evil places where the evil rich exploit morons like you.

 

[GreatDay]

Wall Street is as a former stock broker like ANY other exchange.

Consider what would a shareholder wanting to sell shares do if there were no exchanges?


Please refute with sourcing of comments!

oh my!

Let's break this down a little what exactly in my post makes you think that I support a position of "no exchanges"?

Was there something about the word fundamentals you didn't understand?

Well, the fact that you're a communist indicates you oppose the existence of stock exchanges. After all, they are evil places where the evil rich exploit morons like you.

Like all conservatives when reason and logic fail you resort to name calling and assumption. You attack the messenger not the message, it always amazes me how many people still fall for those crude tricks.

Anyway since you asked you see “moron” is actually a medical term, one for which I have been tested, and the opinion of those with degrees in the subject was quite the opposite so your attempt to shatter my ego will be futile, however before we continue you might consider the stakes you have place on this little game…..