HA! HA! HA! HA! HA! HA! HA! HA! HA! HA! HA! HA!

I used to teach that crap in the University. I doubt your reading of pop econ books tops my experience. But continue on, as I know you will. Originally Posted by CuteOldGuy

I have read Griftopia and your posts. You live lala land if you think you have a better grasp of the 2008 meltdown or the history of derivatives.

WTF; only a simple mind would say the following:

"...unchecked Capitalism turns into Crony Capitalism. That is where we are at now and have been for thirty years. "

Originally Posted by Whirlaway

The proverb is Chinese and Arabic, but I would be shocked if Sun Zu said it. It's a very limited strategy, and it works only for a short period of time. Think Iraq and The Soviet Union. People and nations that adopt this strategy don't fare well over time. That said, I’m not really sure what you are trying to say. Are you trying to say that everyone that isn’t hard right and doesn’t think the way you do is an enemy? Originally Posted by OliviaHoward

sweetie, its Sun Tsu not Sun Zu all though it would be pronounced that way phonetically.

The problem with derivitative trading was that most on the street (Main and Wall) didn't understand what was going on and the trading wasn't transparent !

The 2008 mess was a failure of government, not capitalism. Originally Posted by Whirlaway

You are not serious, are you? Read what you said: The traders made up very convoluted artifacts that were then artificially pumped up in value. Those making $ from churning the confusing artifacts kept it non-transparent because they benefitted from the churn itself and didn't want people actually understanding--they wanted greed (just like with the dot-coms) to override logic.

This was a chase for dollars with no regard if the buyer got fair value.

HOW IS THAT A FAILURE OF GOVERNMENT??? Other than turning a blind eye and letting the financial folks (capitalists) run unchecked? Are you REALLY arguing for bigger government--you must be, that is the ONLY way you can claim it was government's fault.

So what is a shit-su

So what is a shit-su Originally Posted by The2Dogs

a mess you have to clean up!!!!!

HOW IS THAT A FAILURE OF GOVERNMENT??? Other than turning a blind eye and letting the financial folks (capitalists) run unchecked? Are you REALLY arguing for bigger government--you must be, that is the ONLY way you can claim it was government's fault. Originally Posted by Old-T

you already said it in red. The fact the Feds turned blind eye over their activities is a failure of government. They weren't doing their job of regulating these people.

Has anyone noticed Marshall has not posted since 6/2 at 9:59pm. Damn that did not take long. See you in a couple of months Marshall...Long Live Marshall...

you already said it in red. The fact the Feds turned blind eye over their activities is a failure of government. They weren't doing their job of regulating these people. Originally Posted by dilbert firestorm

The Fed is in bed with invstment banks and has been since Greenspan became Chair.

Where Obama and Bush failed was by not sending some of these players to prison. But then they really run the country. Wanna fuc with these investment boys? They raise interest rates and you will never get reelected. Just ask Jimmy Carter.

you already said it in red. The fact the Feds turned blind eye over their activities is a failure of government. They weren't doing their job of regulating these people. Originally Posted by dilbert firestorm

Had you posted that comment I would not have blinked. Whirley posting it--implying he wanted more gov't control--is what I found astonishing.

[SIZE=4]I have read Griftopia and your posts. You live lala land if you think you have a better grasp of the 2008 meltdown or the history of derivatives.[/SI[/COLOR][/LEFT] Originally Posted by WTF

Whatever. Think what you want. You have never let facts influence your opinion. Why start now?

Has anyone noticed Marshall has not posted since 6/2 at 9:59pm. Damn that did not take long. See you in a couple of months Marshall...Long Live Marshall... Originally Posted by IIFFOFRDB

he's not banned.

hes running an insurgency campaign like a gorilla. he pops up when you least expect him to do so like a ghost..

Kind of like "Whack-A-Jerk"?

Whatever. Think what you want. You have never let facts influence your opinion. Why start now?

Originally Posted by CuteOldGuy

Yes, I believe a detailed book over your postings.

The feds had all the tools for oversight and regulation, and failed. Your response is more regulations and throw corporate criminals in jail after the fact. My solution is arrest and prosecute the federal and state regulators who fell asleep. Prove the government can actually work before you throw more regulations on top if American business. Dodd Frank wont stop the next financial mess.

The feds had all the tools for oversight and regulation, and failed. Your response is more regulations and throw corporate criminals in jail after the fact. My solution is arrest and prosecute the federal and state regulators who fell asleep. Prove the government can actually work before you throw more regulations on top if American business. Dodd Frank wont stop the next financial mess. Originally Posted by Whirlaway

My response is to go back to the old regulations! To big to fail is not good for a reason.
LOok, I agree that both the people in government and the people that did this should be in jail. That nobody did shows the level of corruption in both government and banking. Yet we as a people are responsible too. We do not hold these theives feet to the fire.

We never should have bailed AIG out.

WE never should have done away with G/S.

But that is how our form of government works.

Like I said we go from Capitalism to Crony Cap.

Yet you guys seem to argue with that simple fact in history.