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by 2010 the number became 52% of US banking assets.
by 2010 the number became 52% of US banking assets.
noticer how when challenged you changed what you said from 50% of GDP to 50% of banking assets?? What does that tell you?
Quote: Originally Posted by Kimura
According to a report issued by the Dallas FED, the top five Wall Street banks control 50% of US GDP.
notice how when challenged you changed what you said from 50% of GDP to 50% of banking assets?? What does that tell you?
Quote: Originally Posted by Kimura
According to a report issued by the Dallas FED, the top five Wall Street banks control 50% of US GDP.
It's called I haven't read the report in about three months. What does that tell you?
Tell you what, as soon as I hit fifteen posts, I'll post the links. I'll even give you the exact page number for the purpose of semantics.
People are poor because they're unskilled. We need to reform our educational system and make it easier for businesses to make a profit.
notice how when challenged you changed what you said from 50% of GDP to 50% of banking assets?? What does that tell you?
Quote: Originally Posted by Kimura
According to a report issued by the Dallas FED, the top five Wall Street banks control 50% of US GDP.
It's called I haven't read the report in about three months. What does that tell you?
It tells me you goofed badly and must be a liberal.
What does that even mean?
Tell you what, as soon as I hit fifteen posts, I'll post the links. I'll even give you the exact page number for the purpose of semantics.
why post it at all now that you know its not very important???
Down with wage labor!
Another reason you guys lost.
You folks hate labor.
But love dynasties.
Of course it is, these banks are basically engaging in monopolistic behavior,
Of course it is, these banks are basically engaging in monopolistic behavior,
dear, monopoly means one, there are 1000's of banks in the country and 10's of thousands in the world.
See why we are positive a liberal will be slow?
Meanwhile, the CRFB features on its home page an op-ed by Jim Jones declaring that
"We are perilously close to trillion-dollar yearly interest payments, 7 percent yields on 10-year U.S. Treasury bonds, 10 percent home mortgage rates and 13 percent rates on car loans. For the good of the country, the parties must come together and not let this happen."
How does he know that we are “perilously close” to this outcome? Not from the markets; not from any kind of economic model. My guess is that Peggy Noonan told him.
Did you know like Romney in the 2012 Presidential Loser Election, when America stayed Blue, the Good Ship Wingnut has taken hold of the economic argument that is a loser for them? Yep, they ran out of ammo and have now resorted to plastic mallets and water pistols.
Oh yeah, they have talking points now...taxing the Super Wealthy will not settle the debt (not that anyone actually says it will) and other imbecilic straw man arguments
A lot of retards listen to Krugman.
Cuba's economic policies suck Dante.
A lot of retards listen to Krugman.
Krugman: Nobel Prize in Economics (still considered one of most prestigious by ALL economists, left right and middle)
TakeAStepBack: Troll rating @ USMB = poor and lame. unworthy of the title he/she aspires to
Of course it is, these banks are basically engaging in monopolistic behavior,
Dear, no it doesn't,
we have a few banks controlling the vast MAJORITY of US banking assets.
These banks have also been given trillions
and can continue to borrow at 0% from the discount window.
If it makes you feel better, we can refer to them as a private cartel (oligopoly).
Also, we're talking about the US banking system, investment banks in particular, not your local credit union.
