Jump to content

Jauronimo

Community Member
  • Posts

    14,735
  • Joined

  • Last visited

Posts posted by Jauronimo

  1. They're not mutually exclusive. You can't talk about credit market failure without discussing why systemic freezing in those markets occured... why did the credit markets fail? Was it because compaines who make up those markets have massive devalued assets on theie balance sheets? The point I am making is disruption is said "financial markets" were an effect of institutional practices.... It is the reason AIG, BOFA, Citigroup got huge influxes of capital through stock purchase so credit markets did not freeze... the point this whole argument is that TARP was a bank bailout so certain firms would not fail... my contention is if they to let fail, other banks and other finacial compaines would have picked up the pieces of those bigger firms and credit markets would have recovered. My stance on it is these too big to fail firms bring the global financial market to the brink, and skid out on the other side with alot of tax payers help... Ideology? certain companies ware continually protected and are so big they can bring finance to a hault.. how is that free enterprise, that sounds like financial terrorism....

     

     

     

    But that is the problem, isn't it? In a true capitalist economy, there is a consequence with not valueing risk approriately.... like issuing defaults swaps for more than you could even pay out, or secutitizing high risk loans when chances are you knew alot of those loans would default... but did people care since they knew is it ever came down to it, they would not be left to fail?

     

     

     

    Thank you for the well thought-out example. Do you believe, in your opinion, that a lesson was learned?

    Clearly we disagree on the magnitude of the situation which would have transpired if AIG, Merrill and Bear were allowed to fail. I'm less concerned with whether or not Wall Street learned anything from this debacle as long as our government, rating agencies and regulatory bodies learned the appropriate lessons.

  2. Why shouldn't they have? Why do American Taxpayers have to subsidize the poor decisions of others? I guess we'll just line up the next time the financial markets crash because financial intitutions do whatever they want, essentially risk free....

    Great point. Western civilization should have been allowed to collapse because AIG, Goldman, Bear, Lehman and company failed to model risk appropriately. Tax payers would have been much better off had the global economy failed in an event which would have made the so called Great Recession (which was already pretty miserable for the average tax payer) look like a picnic, than having the tax dollars which they already paid directed toward preserving their way of life.

  3. But that happens everyday, to all sort of business, in many different sectors. Companies overextend, roll out bad products, etc. and they have to do the layoffs, which hurts familes, that kills grandma etc- then they enter protection and decide if they can survive, be purchased or liquidate....

     

    I mean I suppose the are times when emergency capital is warranted, natural disaster, terrosit attack, etc... but risky behvior at the hands of people probably knew better, no.

    So our capital markets and entire system of credit should have been forced into bankruptcy to either restructure or cease to exist? I like the way you think. I'm sure corporate America and by extension the global economy would have had only minor growing pains transitioning to a zero credit environment.

  4. Discover oil in Africa.

     

    People don't seem to be enough. Not to governments anyway. :wallbash:

    Yeah, that solved all the problems in Congo and Sudan. A little oil will lubricate the tension and certainly not lead to tribal warfare or ethnic cleansing.

  5. Do you guys ever get tired of comparing Obama to Nazis? I thought that when Bush left office would could put the whole Nazi thing to bed. However I think for the rest of history one party will always accuse the other party of being a bunch of Nazis and fascists.

     

    I know people that grew up in real fascist nations under true fascist leaders and to claim that Obama or Bush a Nazi or a fascist is a total insult to them.

    Well the guy won't play golf with Netanyahu. What conclusions are we supposed to arrive at other than national socialism? Or are you calling Hank "Bear" Williams Jr. a liar and a homosexual?

  6. Now, that's a bit much. Sure, he should be reprimanded in some way, but lose his license?

     

    Sometimes people forget that doctors are actually doing something great for society and that their patients and people in general would be the ones that would suffer if he lost his license. Having loose lips certainly does not equate to practicing bad, negligent medicine.

    Except that its the law, and those are the consequences. Its right in the oath they have to take or have you totally forgotten the ruling in Hipaacrates vs. Alabama?

  7. Apparently Nick Mangold is the second strongest(and possibly the second largest) athlete in his family... not sure quite what to say about his sister, other than when I hear the name Holley, a completely different picture enters my mind...

     

     

    And here she be...

    Didn't you read the article? She doesn't want to look like that. That huge gut and all those chins are just a part of her training and makes her a better athlete somehow. After she brings home the gold and sheds the pounds she'll probably look like Kate Upton and I'll bet you change your tune.

  8. Just more evidence that Pres. Obama is really an Illuminati puppet.

     

    Now, more to the point of the OP, why is it that associating with certain types of people puts you in the same category of those people? Is it only because those are eeeevil groups? I associate myself with Christians, break bread with Christians, and attend events espousing and celebrating Christianity. Am I a Christian?

    If you're doing it at church, then quite likely you are a Christian or at least share many similar views.

     

    The simple act of associating with socialists, Marxists and other left leaning groups doesn't mean much taken alone, but when you're associating with these types at functions celebrating known Marxists then its a pretty clear indication that Barry is at least sympathetic to their cause. Politicians get to know all sorts of unsavory characters, and I couldn't care less if Obama enjoys talking borscht with Lenin himself every year at the XYZ gala fundraiser. But there is a difference between overlapping social circles with socialists and going out of your way to serve on a panel with the radical left. In this instance I think its totally fair to discuss Obama's associations.

  9. My kids are off this week for spring. break, and were total tools this weekend. So today we have about 2 inches come down, and the public schools are closed. The snow will all be melted by. noon looks like, so they dont even get to play in it for long. HAH, there s a God,,,,,

    Like the Bible teaches: Honour thy father, little tools, lest thou be smote.

     

    Not sure a day off from school is really going to upset them that much, but glad you're happy.

  10. It just seems as though they don't give a rats a** about keeping the Bills where they belong ! No wonder the guy that owned the Sabres Tom Galisano wanted to get out of NY , he found out just how sh***y the democratic gov't is in NY .. VOTE THERE CROOKED :censored: OUT so WNY can get what they need & want to keep our Bills right where they belong -- IN BUFFALO !!

     

    I don't really think that money should be spent on sports teams but seeing as they are come on spread the love don't hog it all in NYC ! Why doesn't any of the media reporters do a story on this subject ?? Are they afraid ??

     

    Coincidence that there is no money for the Bills ---- i'd say NOT !!!!!

    This is your chance. Channel your inner Bob Woodward and deepthroat the nearest Bernstein. The American people have a right to know!!

×
×
  • Create New...