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To: Trumptown who wrote (376668)10/20/2008 8:55:57 PM
From: stan_hughes10 Recommendations  Read Replies (2) | Respond to of 436259
 
I agree, and would boil that analysis further down to just this -- greed in the pursuit of short term profits to post in your quarterlies to drive up your stock price in order to cash in on your options and get rich at everyone's else's expense, and to hell with the long term health of the organization you work for or even perhaps lead -- in other words, as long as you get yours, everybody else including your children's children's children can all go to hell

They used to guillotine people for things like that in the good old days in 18th-century Europe-- perhaps we should start a revivalist movement

I suspect you are of the same mind, but I do not divorce what Wall Street does from the agenda of the political elite or those who command the treasury functions -- IMO they are all in this together, always were, and the real tragedy for Joe Citizen is that the people who are in charge of furnishing the solutions to this mess are the very same people who were part of creating the problem, so why the hell should anyone actually believe that the so-called solutions are going to do much for Joe Citizen -- on the contrary, Joe is being skinned alive and saddled with trillions in other people's losses in the name of bailing out the system while the real perpetrators escape

As for all these so-called bailout measures, without the losses being realized by those who incurred them, I fear they will merely add 5 or 6 zeros to the price of everything and create an another exponentially greater sized bubble, and then we'll get to do this all over again on an even larger scale down the road, except next time it will implode on such a scale that the global village will be driven back into the Stone Age where we'll be using seashells for currency again

The system as it is being operated is rotten -- rotten to the core



To: Trumptown who wrote (376668)10/21/2008 10:13:50 AM
From: Pogeu Mahone1 Recommendation  Read Replies (1) | Respond to of 436259
 
total bullshit..
the gov`t forced banks to stop doing their fiduciary duties? and lend to people who could not pay them back?
simple greed.
Banks lent and sold the paper beliving it would be some one elses problem.
Why do you make excuses for this?

<Legislation was passed to force, or allow, (depending how you look at it), these very institutions to give loans to anyone willing to sign on the dotted line.>>