Why the Financial Industry is so Corrupt

[EdwardBaiamonte]

Maybe I should post in Mandarin?
Would that help you compensate for your limited ability to comprehend English?

too stupid as usual!! As a liberal you lack the IQ to say what your point was so you cut and paste pretending someone made the argument for you.

 

[Rshermr]

If you really want the whole story, it starts with private greed corrupting government

too stupid!!! Jefferson gave us freedom from corrupt government by giving us government that was too tiny and impotent to be worth corrupting.

Jefferson understood from his study of human history that liberal government was by definition corrupt.


Welcome to your first lesson in American History

Here is Eddddddy. Bringing the con dogma. Calling people names. Ed never reads anything. He simply takes the dogma he is told to spread, and spreads it like he has really studied the subject. But, Ed will NEVER, EVER study anything that does not agree with his con dogma. Ed is truly irrelevant. simpler to just go to a couple of tea party web sites.

 

[Care4all]

...Our Entire Economy Is Built On Fraud ...

...the nepotistic corruption and conflict of interest that riddles Wall Street which is little more than agreat big Ponzi ...

So what is it, you have something better--

--or we're just talking hatred of of everyone and everything and leaving it at that?

Why don't we start with Geithner and see where it leads?

"The New York Times business section on 12 July shows multiple exposes of systemic fraud throughout banks: banks colluding with other banks in manipulation of interest rates, regulators aware of systemic fraud, and key government officials (at least one banker who became the most key government official) aware of it and colluding as well."

This Global Financial Fraud and Its Gatekeepers | Common Dreams

Geitner TURNED THEM IN according to the article and recommended the changes needed, and updated our Federal regulators....

 

[georgephillip]

Some are calling that "covering his ass."

Reuters reveals some recent heat that Tim and "Helicopter Ben" took before congress:

"He told lawmakers this week that he informed regulators 'early on' about the problems and made recommendations to the Bank of England on how to reform the system.

"'Seriously? They did all that they could do? I mean, come on,' said Alan De Rose, managing director of government and trading finance at Oppenheimer in New York.

"'Answers like those, they strain credibility,' said De Rose, formerly a trader at a U.S. primary dealer, the selected large banks that do business directly with the Fed.

"Legislators are similarly skeptical, at a time when the Fed is already taking heat in Congress for its regulatory failings that contributed to the financial crisis.

"Republican Congressman Scott Garrett took aim at Geithner at a hearing of the House of Representatives' Financial Services Committee on Wednesday.

"'You have been before this committee countless numbers of times since 2008 and if this is the crime of the century, as so many people are reporting today, never once did you ever once come and mention it as being a problem, never once did you come here and say this is what you're going to do about it,' he said."

Bernanke, Geithner response to Libor scandal rings hollow | Reuters

Obviously, Republicans would not be asking questions like these if John McCain had picked Tim for his Treasury Secretary; however, it is looking more and more like the global economy is going to CRASH loudly enough to focus our attention spans the same way 911 did.

Who should get the blame when that crisis occurs?

 

[EdwardBaiamonte]

Here is Eddddddy. Bringing the con dogma.

of course if the Founders preached mere dogma you would not be so afraid to point out the most egregious flaw in it, would you?

What does your fear tell you, liberal.

See why we are positive a liberal will be very very slow? Liberalism is based on ignorance.

 

[EdwardBaiamonte]

Who should get the blame when that crisis occurs?

obviously liberals since free markets are self correcting. Liberals lack the IQ to understand how free markets work.

 

[georgephillip]

Markets that are free of rentier influence or markets that are free of democratically enacted legal prohibitions on unethical behavor?

Have you ever heard of an unethical capitalist?

 

[EdwardBaiamonte]

Have you ever heard of an unethical capitalist?

yes dear and I've heard of unethical people, but I don't want to ban people.

See why you are better off cutting and pasting?

 

[georgephillip]

Do you favor regulating people?

 

[EdwardBaiamonte]

Do you favor regulating people?

dear, in what context are you asking???????


see why we say, slow???????????????

 

[georgephillip]

Do you favor regulating people?

dear, in what context are you asking???????


see why we say, slow???????????????

Do you favor regulating how fast rich corporate tools drive on public roads, Tool?

 

[EdwardBaiamonte]

Do you favor regulating people?

dear, in what context are you asking???????


see why we say, slow???????????????

Do you favor regulating how fast rich corporate tools drive on public roads, Tool?

dear, conservatives and libertarians are not anarchists so of course they prefer some regulation. Any more goofy questions?? Why not try to make your point directly?? Do you have the IQ to do that?

 

[georgephillip]

Do you have the IQ to understand it?

 

[EdwardBaiamonte]

Do you have the IQ to understand it?

dear, conservatives and libertarians are not anarchists so of course they prefer some regulation. Any more goofy questions?? Why not try to make your point directly?? Do you have the IQ to do that?

 

[georgephillip]

You're (still) stuck on stupid, Simple?
Try Kaplan.

 

[EdwardBaiamonte]

You're (still) stuck on stupid, Simple?
Try Kaplan.

dear, conservatives and libertarians are not anarchists so of course they prefer some regulation. Any more goofy questions?? Why not try to make your point directly?? Do you have the IQ to do that?