Fundamentals about capitalism:

[Moonglow]

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.

It never ends, on both sides. Not you but there are a few libs that make erronious qwuips that make no sense. Even after educating these people, they return to the same emotive state of knee jerk reactionaries.

 

[Moonglow]

The stock exchange is nothing more than legalized gambling.My Mom's husband was a stock broker, they like to be called, investment securities mangement, worked for AG Edwards and Sons, for 25 years, made around 200k a year and new that he was going to win at a game that beat him the first 3 years.but I digress. I knew a farmer that invested in futures and retired at 42. i also knew many people that lost everything.
So it is no sure bet in the stock market, the average yeild is low in many areas like long term investment and bonds.

 

[ScreamingEagle]

The stock exchange is nothing more than legalized gambling.

then from a moral standpoint libtards should have no problem with it.......

 

[GreatDay]

The stock exchange is nothing more than legalized gambling.

then from a moral standpoint libtards should have no problem with it.......

ahhh,,,did the little baby get his diaper in a bunch?

did your brain not develop, or are you playing with daddy's keyboard?

 

[ScreamingEagle]

The stock exchange is nothing more than legalized gambling.

then from a moral standpoint libtards should have no problem with it.......

ahhh,,,did the little baby get his diaper in a bunch?

did your brain not develop, or are you playing with daddy's keyboard?

ahhh.....are you a scumbag OWS protester....?

 

[Sinjorri]

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….

lets start with ending the lottery and see what people say about it. Im being honest, if we could stop the lottery for an unspecified time, how do you think people are going to react? if you think capitalism is so bad, and if you think peopel dont want money OR the power that money brings, you and me declare the end of the lottery and see what poor people do about it.

Do you believe so hard in your conviction that people think money is toxic is so strong they would agree with you and not take a fast track to get money. Come on prove it to me.

 

[Sinjorri]

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.

i am not going to stand for these facts sir. we are not going to have thought or reason injected into these threads, you sir are in correct in your correct answers.

 

[bripat9643]

ROFL! So your argument is that you're not a moron? Sorry, chump, but based on the material you have posted so far, there's no evidence to support your claim.

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…..

 

[GreatDay]

ROFL! So your argument is that you're not a moron? Sorry, chump, but based on the material you have posted so far, there's no evidence to support your claim.

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…..

so you left the market heh? got your ass kicked? well good at least you'll be used to it, go ahead Make Your Point....

 

[GreatDay]

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.

Really how much does he have invested in Bain?

and why does the GOP want everybody to get in the market but they're OK with certain markets for some and other markets for others?

and what about claiming his salary as cap gain how did the hedge fund employees get that deal when everybody else has to pay reg tax?

I think you got a little simple in your math there.....Stephanie

 

[GreatDay]

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?

If you were around i guess the Crown would still be in charge, being that you don't give a fuck and all.

 

[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.

Really how much does he have invested in Bain?

His net worth is about 250 million. His income last year, which is almost entirely in the form of capital gains, was 20 million. You do the math.

and why does the GOP want everybody to get in the market but they're OK with certain markets for some and other markets for others?

When did any Republican say they want everyone to be in the market? What "markets" are you referring to that only some are allowed to participate in?

and what about claiming his salary as cap gain how did the hedge fund employees get that deal when everybody else has to pay reg tax?

He doesn't get a salary, numskull. All his income is capital gains.

 

[initforme]

Wall street is run amok nowadays. Questions? Comments? Good day.

 

[GreatDay]

Wall street is run amok nowadays. Questions? Comments? Good day.

Perhaps I see nothing unusual in their behavior, we set rules that allow it, we must change the rules.

We must remove power from money or we lose our freedom.

 

[editec]

We do not live in anything remotely like a real capitalist economy.

We never really have, either.

 

[GreatDay]

We do not live in anything remotely like a real capitalist economy.

We never really have, either.

I don't believe that I said we did.