Why Are Fools in Charge of the World Economy?

[JimBowie1958]

"More than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse,

so??? did you want to let the banks go under and create an eternal Great Depression? Little Lehman alone was almost enough to cause a chain reaction. Catching on now?

It is not a certainty that we would have had an eternal depression.

What the hell happened to the notion of CAPITALISM and LET THE MARKETS CHOSE THE WINNERS? There are plenty of regional banks that could have stepped up to take the place of the fragile banks that collapsed.

And if they are that important, then Congress needs to BREAK THEM UP FOR THE PUBLIC GOOD.

 

[JimBowie1958]

You deny the Fed is printing the Dollar out of existence?

You are charging a nefarious conspiracy. It's silly.

Mad Scientist is a narco-libertarian. Conspiracy is their explanation for everything.

Why do you presume that industries never collude? It happens all the time, dude.

What, is the banking industry led with a light through the night from above or something?

lol, get serious.

 

[dilloduck]

"More than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse,

so??? did you want to let the banks go under and create an eternal Great Depression? Little Lehman alone was almost enough to cause a chain reaction. Catching on now?

It is not a certainty that we would have had an eternal depression.

What the hell happened to the notion of CAPITALISM and LET THE MARKETS CHOSE THE WINNERS? There are plenty of regional banks that could have stepped up to take the place of the fragile banks that collapsed.

And if they are that important, then Congress needs to BREAK THEM UP FOR THE PUBLIC GOOD.

Congress won't do that---they work for them.

 

[JimBowie1958]

so??? did you want to let the banks go under and create an eternal Great Depression? Little Lehman alone was almost enough to cause a chain reaction. Catching on now?

It is not a certainty that we would have had an eternal depression.

What the hell happened to the notion of CAPITALISM and LET THE MARKETS CHOSE THE WINNERS? There are plenty of regional banks that could have stepped up to take the place of the fragile banks that collapsed.

And if they are that important, then Congress needs to BREAK THEM UP FOR THE PUBLIC GOOD.

Congress won't do that---they work for them.

Starting to look that way more every day. They are destroying the credibility of Congress, and that is a VERY dangerous thing, the fricking greedy idiots.

 

[Toro]

Not sure why you say that; its the classic buy low sell high thingy.

you said bankers are crashing the system to buy cheap after the crash. That is beyond stupid! Half the banks are or have gone bankrupt so its doubtful that its part of a strategy to crash the system!!

As nut case idiotic conspiracy theories go its average

Not the whole system, just the markets, like they did in 1932 and made out like bandits.

You do know that GS, JPM and BoA handed out record bonuses after the bailout, right?

They dont aim to crash the system, but if they miss their call they could inadvertantly destroy it.

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

 

[JimBowie1958]

you said bankers are crashing the system to buy cheap after the crash. That is beyond stupid! Half the banks are or have gone bankrupt so its doubtful that its part of a strategy to crash the system!!

As nut case idiotic conspiracy theories go its average

Not the whole system, just the markets, like they did in 1932 and made out like bandits.

You do know that GS, JPM and BoA handed out record bonuses after the bailout, right?

They dont aim to crash the system, but if they miss their call they could inadvertantly destroy it.

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

Wells Fargo? Loyds? The various national banks?

Yes, some went out of business, but these were competitors to the top dogs, not allies or buds, or, for lol, employees.

But if your contention is right, then we should be in an eternal depression, right?

And what I am talking about is less theory than just data.

GS and JPM made record profits during all this and record bonuses.

What is conspiracy theory about that?

 

[dilloduck]

you said bankers are crashing the system to buy cheap after the crash. That is beyond stupid! Half the banks are or have gone bankrupt so its doubtful that its part of a strategy to crash the system!!

As nut case idiotic conspiracy theories go its average

Not the whole system, just the markets, like they did in 1932 and made out like bandits.

You do know that GS, JPM and BoA handed out record bonuses after the bailout, right?

They dont aim to crash the system, but if they miss their call they could inadvertantly destroy it.

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

Goldman Sachs ? There's a funny one. I feel so sorry for them. I'm sure they will be begging in the streets.

 

[georgephillip]

you said bankers are crashing the system to buy cheap after the crash. That is beyond stupid! Half the banks are or have gone bankrupt so its doubtful that its part of a strategy to crash the system!!

As nut case idiotic conspiracy theories go its average

Not the whole system, just the markets, like they did in 1932 and made out like bandits.

You do know that GS, JPM and BoA handed out record bonuses after the bailout, right?

They dont aim to crash the system, but if they miss their call they could inadvertantly destroy it.

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

How many "thousands of people on Wall Street" were prosecuted for an "epidemic of mortgage fraud" the FBI began warning about in 2004?

Your self-interest is utterly pathetic.

 

[georgephillip]

When you get too big to fail you are free to "goof up".

Too big to fail is morphing into too big to save.

What we're currently living through is just another example of how the 1% socialize cost and privatize profit.

"Choosing" between Republican OR Democrat in the voting booth won't affect Wall Street or the Pentagon in the slightest.

 

[Toro]

Not the whole system, just the markets, like they did in 1932 and made out like bandits.

You do know that GS, JPM and BoA handed out record bonuses after the bailout, right?

They dont aim to crash the system, but if they miss their call they could inadvertantly destroy it.

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

How many "thousands of people on Wall Street" were prosecuted for an "epidemic of mortgage fraud" the FBI began warning about in 2004?

Your self-interest is utterly pathetic.

Which has what to do with my post?

Pay attention.

 

[Toro]

Not the whole system, just the markets, like they did in 1932 and made out like bandits.

You do know that GS, JPM and BoA handed out record bonuses after the bailout, right?

They dont aim to crash the system, but if they miss their call they could inadvertantly destroy it.

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

Goldman Sachs ? There's a funny one. I feel so sorry for them. I'm sure they will be begging in the streets.

Way to miss the point. Good job.

 

[Toro]

Not the whole system, just the markets, like they did in 1932 and made out like bandits.

You do know that GS, JPM and BoA handed out record bonuses after the bailout, right?

They dont aim to crash the system, but if they miss their call they could inadvertantly destroy it.

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

Wells Fargo? Loyds? The various national banks?

Yes, some went out of business, but these were competitors to the top dogs, not allies or buds, or, for lol, employees.

But if your contention is right, then we should be in an eternal depression, right?

And what I am talking about is less theory than just data.

GS and JPM made record profits during all this and record bonuses.

What is conspiracy theory about that?

It's a conspiracy theory to say that the banks crashed the economy to profit from buying cheap assets. It implies intent, that it happened on purpose. That is absolutely fucking retarded. If you believe this, you are a fool.

 

[EdwardBaiamonte]

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

Wells Fargo? Loyds? The various national banks?

Yes, some went out of business, but these were competitors to the top dogs, not allies or buds, or, for lol, employees.

But if your contention is right, then we should be in an eternal depression, right?

And what I am talking about is less theory than just data.

GS and JPM made record profits during all this and record bonuses.

What is conspiracy theory about that?

It's a conspiracy theory to say that the banks crashed the economy to profit from buying cheap assets. It implies intent, that it happened on purpose. That is absolutely fucking retarded. If you believe this, you are a fool.

Yes he is a fool. Look at the stock price of those who survived llike BoA? So far their conspiracy is not going according to plan.

A conspiracy conclusion allows an uneducated person to make a conclusion and feel educated.

 

[whitehall]

Shit happens when citizens believe what they read in the pro-government media. The same thing happened when democrats gained the majority during Bush's 2nd term. Democrats held all the important chairmanships including the "House Banking Committee" which had oversight responsibility for Fannie Mae. The liberal media allowed Barney Frank to lie to Americans when he told us that Fannie Mae was fine when it was in desperate trouble. Fannie's collapse came just in time for the biggest October surprise in history.

 

[Peach]

Same problem as usual; we keep choosing HUMANS as our leaders. Someday, we will learn, uh, maybe...........................................

 

[expat_panama]

Same problem as usual; we keep choosing HUMANS as our leaders. Someday, we will learn, uh, maybe...........................................

imho that's the best point I've seen on this whole thread -neat!


It's all to easy for us to complain about what people do in business and government, but we always need to remember that over time these same people --and that includes all of us-- have been raising forth an ever advancing civilization.

 

[georgephillip]

The Big Five Wall Street investment banks;

Merrill Lynch - gone
Lehman Bros - gone
Bear Stearns - gone
Morgan Stanley - wasn't making cash available to clients, nearly gone
Goldman Sachs - rumored to be days away from running out of cash

You're right. They either were or almost were completely wiped out, with principals losing or coming close to losing their fortunes.



What you are writing is complete and absolute fiction. Thousands of people on Wall Street lost their jobs and were wiped out.

These theories are utterly ridiculous.

How many "thousands of people on Wall Street" were prosecuted for an "epidemic of mortgage fraud" the FBI began warning about in 2004?

Your self-interest is utterly pathetic.

Which has what to do with my post?

Pay attention.

Are you (honestly) confused about the effect of an "epidemic of mortgage fraud" on the fate of Lehman Brothers?

How about Jamie Dimon owning nearly 3 million shares of JPM stock and options while sitting on the board of the New York Fed at the same time the NYF loaned JP Morgan $55 billion to buy Bear Stearns for pennies on the dollar?

Maybe you're too close to the forest to notice the rotting trees?