well it looks like this petition worked =)
bluey Wrote: ------------------------------------------------------- > well it looks like this petition worked > > =) It only cost $1.2TR in socialized losses. But hey, that’s a great return on investment. (granted, the market is up right now, recovering about 1/3 of that)
spierce Wrote: ------------------------------------------------------- > bluey Wrote: > -------------------------------------------------- > ----- > > well it looks like this petition worked > > > > =) > > > It only cost $1.2TR in socialized losses. But > hey, that’s a great return on investment. > > (granted, the market is up right now, recovering > about 1/3 of that) what a dipstick of an argument.1.2 Tr of equity market losses is NOT socialised loss.people have the choice to invest in equity markets or stay away from them.many intelligent investors and fund managers have been staying away for months now. on the other hand,taxes are compulsory.inflation more so,even for those who dont pay taxes. you dont even get the 'socialized loss" rhetoric.
i was going to say the exact same thing… that is the dumbest argument i have ever heard…
Dsylexic Wrote: ------------------------------------------------------- > spierce Wrote: > -------------------------------------------------- > ----- > > bluey Wrote: > > > -------------------------------------------------- > > > ----- > > > well it looks like this petition worked > > > > > > =) > > > > > > It only cost $1.2TR in socialized losses. But > > hey, that’s a great return on investment. > > > > (granted, the market is up right now, > recovering > > about 1/3 of that) > > what a dipstick of an argument.1.2 Tr of equity > market losses is NOT socialised loss.people have > the choice to invest in equity markets or stay > away from them.many intelligent investors and fund > managers have been staying away for months now. > on the other hand,taxes are compulsory.inflation > more so,even for those who dont pay taxes. > you dont even get the 'socialized loss" rhetoric. rofl. That’s a great way of putting it. So let’s let the economy go into the shitter because we’re not intelligent enough to fix it, and you know what? Screw those people in the equity markets, screw the ones who invested in this country internationally, and screw the world for building a global economy that puts us at the center. Screw 'em all, let them all go down, because we don’t care!
Actually, we care. We just want to buy their stuff at fire-sale prices. This is one of those self-interest vs compassion things.
JoeyDVivre Wrote: ------------------------------------------------------- > Actually, we care. We just want to buy their > stuff at fire-sale prices. This is one of those > self-interest vs compassion things. Isn’t that what we’re bitching about re: CEOs? Two wrongs make a right.
None of that @#$%& stuff here, please.
The CEOs blew it. They lost their seat at the table. Now they want a check from the government. They need to get up and let stronger hands play. Yes, they will have to let some assets go at fire-sale prices.
virginCFAhooker Wrote: ------------------------------------------------------- > The CEOs blew it. They lost their seat at the > table. Now they want a check from the government. > They need to get up and let stronger hands play. > Yes, they will have to let some assets go at > fire-sale prices. Because it’s only the CEOs that will pay the price.
See, you’ still don’t get it. The market demands new leadership and new structures. Stronger hands, etc. This is part of the process. Look at all the pumping and fake confidence building that has transpired… nothing is working fast enough so now they just want to give the treasury a $700 billion blank check to buy ANY asset he wants?!? It’s no wonder we got into this mess and it’s incredible you think it has merit.
C’mon almost nobody wants to give treasury a $700B blank check except treasury.
spierce Wrote: ------------------------------------------------------- > Dsylexic Wrote: > -------------------------------------------------- > ----- > > spierce Wrote: > > > -------------------------------------------------- > > > ----- > > > bluey Wrote: > > > > > > -------------------------------------------------- > > > > > > ----- > > > > well it looks like this petition worked > > > > > > > > =) > > > > > > > > > It only cost $1.2TR in socialized losses. > But > > > hey, that’s a great return on investment. > > > > > > (granted, the market is up right now, > > recovering > > > about 1/3 of that) > > > > what a dipstick of an argument.1.2 Tr of equity > > market losses is NOT socialised loss.people > have > > the choice to invest in equity markets or stay > > away from them.many intelligent investors and > fund > > managers have been staying away for months now. > > on the other hand,taxes are > compulsory.inflation > > more so,even for those who dont pay taxes. > > you dont even get the 'socialized loss" > rhetoric. > > rofl. That’s a great way of putting it. So let’s > let the economy go into the shitter because we’re > not intelligent enough to fix it, and you know > what? Screw those people in the equity markets, > screw the ones who invested in this country > internationally, and screw the world for building > a global economy that puts us at the center. > > Screw 'em all, let them all go down, because we > don’t care! yeah your days at the center of the universe are over. get over it
Dsylexic Wrote: ------------------------------------------------------- > spierce Wrote: > -------------------------------------------------- > ----- > > Dsylexic Wrote: > > > -------------------------------------------------- > > > ----- > > > spierce Wrote: > > > > > > -------------------------------------------------- > > > > > > ----- > > > > bluey Wrote: > > > > > > > > > > -------------------------------------------------- > > > > > > > > > > ----- > > > > > well it looks like this petition worked > > > > > > > > > > =) > > > > > > > > > > > > It only cost $1.2TR in socialized losses. > > But > > > > hey, that’s a great return on investment. > > > > > > > > (granted, the market is up right now, > > > recovering > > > > about 1/3 of that) > > > > > > what a dipstick of an argument.1.2 Tr of > equity > > > market losses is NOT socialised loss.people > > have > > > the choice to invest in equity markets or > stay > > > away from them.many intelligent investors and > > fund > > > managers have been staying away for months > now. > > > on the other hand,taxes are > > compulsory.inflation > > > more so,even for those who dont pay taxes. > > > you dont even get the 'socialized loss" > > rhetoric. > > > > rofl. That’s a great way of putting it. So > let’s > > let the economy go into the shitter because > we’re > > not intelligent enough to fix it, and you know > > what? Screw those people in the equity > markets, > > screw the ones who invested in this country > > internationally, and screw the world for > building > > a global economy that puts us at the center. > > > > Screw 'em all, let them all go down, because we > > don’t care! > > yeah your days at the center of the universe are > over. get over it lol. ok there sparky. I’ll go sulk whilst I contemplate not being the center. But then I’ll remember that people have thought the same for more than 200 years.
ignorant is bliss. america was an emerging market as of 1910.fuzzy math must be your forte at school
Dsylexic Wrote: ------------------------------------------------------- > ignorant is bliss. america was an emerging market > as of 1910.fuzzy math must be your forte at school Merchant bankers were around before, after, and will remain needed. So my “center” will be there.
spierce Wrote: ------------------------------------------------------- > Dsylexic Wrote: > -------------------------------------------------- > ----- > > spierce Wrote: > > > -------------------------------------------------- > > > ----- > > > Dsylexic Wrote: > > > > > > -------------------------------------------------- > > > > > > ----- > > > > spierce Wrote: > > > > > > > > > > -------------------------------------------------- > > > > > > > > > > ----- > > > > > bluey Wrote: > > > > > > > > > > > > > > > -------------------------------------------------- > > > > > > > > > > > > > > > ----- > > > > > > well it looks like this petition worked > > > > > > > > > > > > =) > > > > > > > > > > > > > > > It only cost $1.2TR in socialized losses. > > > > But > > > > > hey, that’s a great return on investment. > > > > > > > > > > (granted, the market is up right now, > > > > recovering > > > > > about 1/3 of that) > > > > > > > > what a dipstick of an argument.1.2 Tr of > > equity > > > > market losses is NOT socialised loss.people > > > have > > > > the choice to invest in equity markets or > > stay > > > > away from them.many intelligent investors > and > > > fund > > > > managers have been staying away for months > > now. > > > > on the other hand,taxes are > > > compulsory.inflation > > > > more so,even for those who dont pay taxes. > > > > you dont even get the 'socialized loss" > > > rhetoric. > > > > > > rofl. That’s a great way of putting it. So > > let’s > > > let the economy go into the shitter because > > we’re > > > not intelligent enough to fix it, and you > know > > > what? Screw those people in the equity > > markets, > > > screw the ones who invested in this country > > > internationally, and screw the world for > > building > > > a global economy that puts us at the center. > > > > > > Screw 'em all, let them all go down, because > we > > > don’t care! > > > > yeah your days at the center of the universe > are > > over. get over it > > lol. ok there sparky. I’ll go sulk whilst I > contemplate not being the center. But then I’ll > remember that people have thought the same for > more than 200 years. Actually, it’s like 450 years since Copernicus.
spierce Wrote: ------------------------------------------------------- > Dsylexic Wrote: > -------------------------------------------------- > ----- > > ignorant is bliss. america was an emerging > market > > as of 1910.fuzzy math must be your forte at > school > > > Merchant bankers were around before, after, and > will remain needed. So my “center” will be there. merchant bankers have gone bust since the dawn of time.in anycasemi was referring to the pre-eminent position of the US economy . names of copernicus and galileo are being invoked for no reason. like i said, strawman approach -always works
“merchant bankers have gone bust since the dawn of time.in anycasemi was referring to the pre-eminent position of the US economy . names of copernicus and galileo are being invoked for no reason. like i said, strawman approach -always works” First, it’s not a strawman because that’s just not what a strawman is. Second, you suggested to spierce “your days at the center of the universe are over.” with no indication at all the spierce thought he was the center of the universe. Third, when spierce replied he knew he wasn’t the center of the universe as did everyone else I helped with his dates. I never mentioned Galileo at all (though maybe I could have). Anyway, do you have anything constructive to say about the bailout plan or is it just sniping at spierce (who obliges by sniping back and then I further oblige by augmenting his sniping)? To set the record straight - everyone should be concerned about trillions of dollars of equity losses and all the other damage. Whether we call that “socialized losses” is irrelevant. Now whether we want to jump into the fray and try to change the normal course of things and how we want to do it are interesting questions.
granted all that. question remains,how further of the same .ie more credit creation will solve anything in the long term.since there is no talk at all of recapitalizing the banks, the 1 trillion dollars does seem to be waste of money .taking over the banks may atleast solve some of the stated problems.