  Lilpup Member Username: Lilpup Post Number: 5364 Registered: 06-2004 |
http://www.huffingtonpost.com/ cenk-uygur/the-flaw-in-the-sys tem-th_b_170963.html | ||
Danny Member Username: Danny Post Number: 4527 Registered: 02-2004 |
The bankers don't care about the banks! The bankers don't care about the people and the people dont care about the banks. | ||
Sstashmoo Member Username: Sstashmoo Post Number: 3376 Registered: 02-2007 |
From the article referenced: "Alan Greenspan says he is in a "state of shocked disbelief" that the concept of self-interest did not protect the banks from taking excessive risks and destroying themselves." They didn't destroy themselves. They stole a trillion dollars from the US taxpayers via a bailout. This was a cooked up deal. Doesn't it seem odd how fast they got their (our) money? What was it? Over a weekend? (Message edited by Sstashmoo on March 02, 2009) | ||
Ccbatson Member Username: Ccbatson Post Number: 19127 Registered: 11-2006 |
Why? the absence of a free market where personal achievement is inextricably tied to success of the institution. | ||
Rb336 Member Username: Rb336 Post Number: 8595 Registered: 02-2007 |
no, the absence of sensible legislation to rein in the fools with dollar-sign eyes, in other words, it was the most unfettered market since robber-baron days, and the short-term greed created by an extremely narrow idea of self-interest created, fueled and is wholely responsible for the current debacle | ||
Ccbatson Member Username: Ccbatson Post Number: 19132 Registered: 11-2006 |
Free and just markets do that job with aplomb. Crooks will always pop up now and again, but the big, durable, successful companies know that they don't become, or remain successful by being crooked. | ||
Rb336 Member Username: Rb336 Post Number: 8597 Registered: 02-2007 |
wrong again, bats. markets without sensible outside (government)regulation always, yes ALWAYS, reduce to bubbles and from there to chaos, from tulips to default swaps | ||
Ccbatson Member Username: Ccbatson Post Number: 19138 Registered: 11-2006 |
Examples? BTW, sensible regulation is what I mean by the constitutionally endorsed role of government in providing laws to insure just contractual relations. That is not the kind of regulation that we are seeing, and of which you speak. | ||
Rb336 Member Username: Rb336 Post Number: 8599 Registered: 02-2007 |
gave em to ya -- tulips to default swaps bats -- no asking for examples until YOU actually provide some, instead of chiding people for doing what you NEVER do show me a regulation you would consider "sensible" | ||
Jams Member Username: Jams Post Number: 7828 Registered: 10-2003 |
quote: Please explain the Drug Cartels, the Mafia,etc. |
