Overpaid CEOs and Greedy Capitalists.. oh my!

[georgephillip]

which maintained their social safety nets and opted for stimulus over austerity.

of course most of Europe's government did retain its social safety net by spending about 50% of GDP!!

Greece for example had to cut back a little because it could not pay its bills; so austerity, as you call it, was mandatory. You see, there had to be an end to liberalism, you cant be a drunkin spender
forever, just till the money runs out and people won't lend to you anymore!! Can you follow that?

See why we are positive a liberal will be slow?

Greece had to cut back a little more because it could not pay Wall Street.
Here's one possible solution I'm sure you're much too dense to fathom:

"One major route is to build more public state banks. Right now a trillion dollars of our state and local tax dollars are floating through Wall Street banks in every state except for North Dakota, which has a public bank. Building statewide, not-for-profit banks in state after state would begin to construct an alternative financial path that would directly challenge the money game as played on Wall Street."

Nomi Prins: How to Make a Million Dollars an Hour - Book Review - Truthdig

 

[Toddsterpatriot]

which maintained their social safety nets and opted for stimulus over austerity.

of course most of Europe's government did retain its social safety net by spending about 50% of GDP!!

Greece for example had to cut back a little because it could not pay its bills; so austerity, as you call it, was mandatory. You see, there had to be an end to liberalism, you cant be a drunkin spender
forever, just till the money runs out and people won't lend to you anymore!! Can you follow that?

See why we are positive a liberal will be slow?

Greece had to cut back a little more because it could not pay Wall Street.
Here's one possible solution I'm sure you're much too dense to fathom:

"One major route is to build more public state banks. Right now a trillion dollars of our state and local tax dollars are floating through Wall Street banks in every state except for North Dakota, which has a public bank. Building statewide, not-for-profit banks in state after state would begin to construct an alternative financial path that would directly challenge the money game as played on Wall Street."

Nomi Prins: How to Make a Million Dollars an Hour - Book Review - Truthdig

One major route is to build more public state banks.

That is an awesome idea!
Give the crooks who run Illinois, access to money they could lend to cronies, knowing the taxpayers would be on the hook.
Fucking brilliant!

 

[georgephillip]

of course most of Europe's government did retain its social safety net by spending about 50% of GDP!!

Greece for example had to cut back a little because it could not pay its bills; so austerity, as you call it, was mandatory. You see, there had to be an end to liberalism, you cant be a drunkin spender
forever, just till the money runs out and people won't lend to you anymore!! Can you follow that?

See why we are positive a liberal will be slow?

Greece had to cut back a little more because it could not pay Wall Street.
Here's one possible solution I'm sure you're much too dense to fathom:

"One major route is to build more public state banks. Right now a trillion dollars of our state and local tax dollars are floating through Wall Street banks in every state except for North Dakota, which has a public bank. Building statewide, not-for-profit banks in state after state would begin to construct an alternative financial path that would directly challenge the money game as played on Wall Street."

Nomi Prins: How to Make a Million Dollars an Hour - Book Review - Truthdig

One major route is to build more public state banks.

That is an awesome idea!
Give the crooks who run Illinois, access to money they could lend to cronies, knowing the taxpayers would be on the hook.
Fucking brilliant!

Awesome is capitalism having public competition...

"Mother Jones spoke with the Bank of North Dakota’s president, Eric Hardmeyer.

"MJ: What makes your bank unique today?

EH: Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.

"And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds."

Fucking awesome.

 

[Toddsterpatriot]

Greece had to cut back a little more because it could not pay Wall Street.
Here's one possible solution I'm sure you're much too dense to fathom:

"One major route is to build more public state banks. Right now a trillion dollars of our state and local tax dollars are floating through Wall Street banks in every state except for North Dakota, which has a public bank. Building statewide, not-for-profit banks in state after state would begin to construct an alternative financial path that would directly challenge the money game as played on Wall Street."

Nomi Prins: How to Make a Million Dollars an Hour - Book Review - Truthdig

One major route is to build more public state banks.

That is an awesome idea!
Give the crooks who run Illinois, access to money they could lend to cronies, knowing the taxpayers would be on the hook.
Fucking brilliant!

Awesome is capitalism having public competition...

"Mother Jones spoke with the Bank of North Dakota’s president, Eric Hardmeyer.

"MJ: What makes your bank unique today?

EH: Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.

"And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds."

Fucking awesome.

Need me to list the differences between a small, conservative state and the corrupt cesspool of Illinois?
Dumbass.

 

[itfitzme]

One major route is to build more public state banks.

That is an awesome idea!
Give the crooks who run Illinois, access to money they could lend to cronies, knowing the taxpayers would be on the hook.
Fucking brilliant!

Awesome is capitalism having public competition...

"Mother Jones spoke with the Bank of North Dakota’s president, Eric Hardmeyer.*

"MJ: What makes your bank unique today?

EH: Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.*

"And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds."

Fucking awesome.

Need me to list the differences between a small, conservative state and the corrupt cesspool of Illinois?
Dumbass.

Because compared to a small conservative state, Wall Street is better than Illinois given the oversight of the SEC.

Now that makes sense, when you do the math.

 

[georgephillip]

Awesome is capitalism having public competition...

"Mother Jones spoke with the Bank of North Dakota’s president, Eric Hardmeyer.*

"MJ: What makes your bank unique today?

EH: Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.*

"And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds."

Fucking awesome.

Need me to list the differences between a small, conservative state and the corrupt cesspool of Illinois?
Dumbass.

Because compared to a small conservative state, Wall Street is better than Illinois given the oversight of the SEC.

Now that makes sense, when you do the math.

Especially if you're a conservative:

"Leopold also covers such topics as Bernie Madoff and the Galleon hedge fund implosion, for which Raj Rajaratnam, once worshipped as 'a great American hero,' got an 11-year prison sentence.

"All he was doing, though, was old-school insider trading on Goldman Sachs stock and other sundries.

"But these men didn’t use the system to their advantage as well as the likes of Paulson.

"And despite their disgrace, the financial world remains unchanged.

"As Leopold laments, 'The economic collapse of 2008 should have been a silo-busting event.” Only it wasn’t. That fall, progressives voted for Barack Obama, who turned out to so not be FDR, and whose election was partly sponsored by Wall Street.'"

http://www.truthdig.com/arts_culture/page2/how_to_make_a_million_dollars_an_hou

 

[editec]

So now we're back to "global" capitalism.

yes, too bad China was able to eliminate 50% of world poverty( 900 million people) in less than a generation by switching to capitalism from liberal socialism.

The last time I mentioned this to Geroge he said that 18 people committed suicide in China at the Foxconn plant thanks to capitalism!
He didn't care about the 900 million who avoided slow starvation. Thats liberalism for you.

The Chinese MILITARY owns 90% of all means of production, Lad.

You think THAT'S capitalism?

 

[Toddsterpatriot]

Awesome is capitalism having public competition...

"Mother Jones spoke with the Bank of North Dakota’s president, Eric Hardmeyer.*

"MJ: What makes your bank unique today?

EH: Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.*

"And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds."

Fucking awesome.

Need me to list the differences between a small, conservative state and the corrupt cesspool of Illinois?
Dumbass.

Because compared to a small conservative state, Wall Street is better than Illinois given the oversight of the SEC.

Now that makes sense, when you do the math.

Yes, competitive Wall Street is light years better than corrupt state government.

Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.

How is debt-ridden Illinois, where the public pensions are 50% underfunded, going to deposit state funds in a state bank? North Dakota runs a surplus. Illinois doesn't.

Of course simplistic liberals like a simplistic solution, because they can't look beneath the surface.

And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds.

How many states have excess public funds? LOL!

 

[georgephillip]

Need me to list the differences between a small, conservative state and the corrupt cesspool of Illinois?
Dumbass.

Because compared to a small conservative state, Wall Street is better than Illinois given the oversight of the SEC.

Now that makes sense, when you do the math.

Yes, competitive Wall Street is light years better than corrupt state government.

Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.

How is debt-ridden Illinois, where the public pensions are 50% underfunded, going to deposit state funds in a state bank? North Dakota runs a surplus. Illinois doesn't.

Of course simplistic liberals like a simplistic solution, because they can't look beneath the surface.

And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds.

How many states have excess public funds? LOL!

Maybe Illinois should talk to Wall Street about repatriating some of its missing public funds.

 

[Toddsterpatriot]

Because compared to a small conservative state, Wall Street is better than Illinois given the oversight of the SEC.

Now that makes sense, when you do the math.

Yes, competitive Wall Street is light years better than corrupt state government.

Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.

How is debt-ridden Illinois, where the public pensions are 50% underfunded, going to deposit state funds in a state bank? North Dakota runs a surplus. Illinois doesn't.

Of course simplistic liberals like a simplistic solution, because they can't look beneath the surface.

And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds.

How many states have excess public funds? LOL!

Maybe Illinois should talk to Wall Street about repatriating some of its missing public funds.

Repatriating? From Dem cronies? LOL!

 

[itfitzme]

Need me to list the differences between a small, conservative state and the corrupt cesspool of Illinois?
...

Because compared to a small conservative state, Wall Street is better than Illinois given the oversight of the SEC.
...

Yes, competitive Wall Street is light years better than corrupt state government.

Our funding model, our deposit model is really what is unique as the engine that drives that bank. And that is we are the depository for all state tax collections and fees. And so we have a captive deposit base, we pay a competitive rate to the state treasurer.

How is debt-ridden Illinois, where the public pensions are 50% underfunded, going to deposit state funds in a state bank? North Dakota runs a surplus. Illinois doesn't.

...

And I would bet that that would be one of the most difficult things to wrestle away from the private sector—those opportunities to bid on public funds.

How many states have excess public funds? LOL!

What entities have excess funds and where did they come from, in the overall flow of funds?

I have the impression that state pensions, though maintaining a positive value, became burdoned by their contactual future obligations to pension payments. This occured when the expected value of future cash flows collapsed with the stock market crash. *The Big Three automotive companies ran up against the same problem.

It seems that a big difference between small conservative states, which are rural in makeup, compared to the predomonately urban states is that *the rural states have a net positive flow of federal funds compared to the net negative flow for the urban states.

What other differences are there, in terms of the flow of funds, between Wall Street, Illinois, North Dakota, urban states and rural states?

A more basic question arose as to at what level of measure a state flips from being a rural to urban state? *Obviously, it is a continuous scale and that population density is part of it. *Still, a state like Calif and Illinois has huge swaths of farmland as well as huge centers of urban population. *

Still, pop density alone appears to be sufficient.

Pop densities
North Dakota *< 20
Illinois * * * * *> 200
California * * * > 200

Curiously, net contribution follow the same patterm

Contributions to Federal Govt
Illinois- *Net contributer:*60 cents per $ paid.
North Dakota- Net beneficiary
Calif - Net contributer

Seems like fairly simple math.


Blame FDR and LBJ for ?Moocher? Paradox in Red States - Bloomberg

Federal taxation and spending by state - Wikipedia, the free encyclopedia

 

[EdwardBaiamonte]

So now we're back to "global" capitalism.

yes, too bad China was able to eliminate 50% of world poverty( 900 million people) in less than a generation by switching to capitalism from liberal socialism.

The last time I mentioned this to Geroge he said that 18 people committed suicide in China at the Foxconn plant thanks to capitalism!
He didn't care about the 900 million who avoided slow starvation. Thats liberalism for you.

The Chinese MILITARY owns 90% of all means of production, Lad.

You think THAT'S capitalism?

if true I'll pay you $10,000. Bet or admit to being a liar.

Two of thge most respected books:

"Capitalism With Chinese Characteristics"

"How China Became Capitalist"

See why say the liberal is subject to constant humiliation but lacks the shame to stop being so stupid???

 

[georgephillip]

yes, too bad China was able to eliminate 50% of world poverty( 900 million people) in less than a generation by switching to capitalism from liberal socialism.

The last time I mentioned this to Geroge he said that 18 people committed suicide in China at the Foxconn plant thanks to capitalism!
He didn't care about the 900 million who avoided slow starvation. Thats liberalism for you.

The Chinese MILITARY owns 90% of all means of production, Lad.

You think THAT'S capitalism?

if true I'll pay you $10,000. Bet or admit to being a liar.

Two of thge most respected books:

"Capitalism With Chinese Characteristics"

"How China Became Capitalist"

See why say the liberal is subject to constant humiliation but lacks the shame to stop being so stupid???

How China became State Capitalist

"Modern-day China is mainly characterized as having a market economy based on private property ownership,[258][259] and is one of the leading examples of state capitalism.[260][261] The state still dominates in strategic 'pillar' industries (such as energy and heavy industries), but private enterprise has expanded enormously, with around 30 million private businesses recorded in 2008.[262][263][264][265]"

It's not too surprising communist authoritarians would find much to admire in "free" market capitalism, is it? Child labor? Endemic corruption and smog? When are you leaving?

 

[EdwardBaiamonte]

It's not too surprising communist authoritarians would find much to admire in "free" market capitalism, is it? Child labor? Endemic corruption and smog? When are you leaving?

what they have found in capitalism is a way to prevent 10 million a year from slowly starving to death and way to eliminate half
the worlds poverty in a generation.

It is the greatest economic miracle in human history but liberals lack the character to admit how deadly and wrong they were.