Global Financial Crisis (1 Viewer)

[Nebuchanezzar]

Last I heard government intervention in the markets was known as Socialism. YAY!

Last I heard capitalism is known as failure. YAY!

 

[youBROKEmyLIFE]

Last I heard capitalism is known as failure. YAY!

Nah Capitalism just happens to be the most effective means humanity has discovered of generating wealth, raising the general standard of living and being a great boon for all of humanity but okay

 

[Nebuchanezzar]

Yes I've noticed how successful it's been lately.

But since I don't have a house anymore, do you have any spare change? No? Well I'll just die then. Yay for capitalism!

 

[youBROKEmyLIFE]

Yes I've noticed how successful it's been lately.

But since I don't have a house anymore, do you have any spare change? No? Well I'll just die then. Yay for capitalism!

Dogg I believe in workfare and safety nets and universal healthcare because I'm not a monster.

 

[Nebuchanezzar]

These safety nets have a tendency to award millions of $$$'s to lousy CEO's, and pittance to the workers.

Cheap home loans for all!

 

[youBROKEmyLIFE]

These safety nets have a tendency to award millions of $$$'s to lousy CEO's, and pittance to the workers.

Cheap home loans for all!

Corporate welfare is a fucking fraud. Personal welfare is not. kthx

 

[Nebuchanezzar]

Corporate welfare is a fucking fraud. Personal welfare is not. kthx

There's an awful lot of holes in your precious capitalism, mr. Reagan.

 

[youBROKEmyLIFE]

There's an awful lot of holes in your precious capitalism, mr. Reagan.

Dogg I am hell of more rational and evidence based than you mr socialist.

 

[Nebuchanezzar]

By ignoring the evidence suggested by crumbling capitalist empires!

Mr. Bush, tear down this wall (street)!

 

[A High Way Man]

why is it 0.83..... wasnt it 0.97 b4

JSUT MAKE IT EQUAL

 

[youBROKEmyLIFE]

Holy shit apparently the Dems are losing serious votes on the Bill and it's looking like there may be a chance that the US won't pass the $700bn bill.

 

[Nebuchanezzar]

Democracy is also flawed, obviously.

Wait, what's the bill bailing out? How will the money promised in the bill help out?

Speaking of financial crises, "I am America" is $35! I thought it would have come down in price dramatically by now but apparently not!

 

[Garygaz]

Holy shit apparently the Dems are losing serious votes on the Bill and it's looking like there may be a chance that the US won't pass the $700bn bill.

Well it's an interesting situation. You have 99.99% of the voting population, who aren't the executives hauled up in these companies, hounding down at you in the polls, and rightly so, that this is pretty much welfare for the rich. These people want their money spent on healthcare, roads, schools and public goods, not on private enterprise which has been consumed by its own greed. I think the Demo's at the moment are unsure what to do, an election is near, do you please the public for the votes or pass the legislation and try and fix the mess.

Personally, I think the legislation needs to be passed, I don't like the theory behind it, but the consequences that could possibly arise from not doing so could be catastrophic. I think the Government needs to bail these companies out, then they need to sue the fucking crap out of the credit rating agencies and then re-regulate the finance market. They have proved that when given too much power they cannot responsibly use it.

Edit: I don't want to know what the long term effect of this bail out will be, the debt hole in the treasury will be mega-sized...

 

[Nebuchanezzar]

The dream is over.

 

[youBROKEmyLIFE]

Democracy is also flawed, obviously.

Wait, what's the bill bailing out? How will the money promised in the bill help out?

Speaking of financial crises, "I am America" is $35! I thought it would have come down in price dramatically by now but apparently not!

More like 20 bux

http://www.bookdepository.co.uk/WEBSITE/WWW/WEBPAGES/showbook.php?id=1905264321

 

[withoutaface]

There's an awful lot of holes in your precious capitalism, mr. Reagan.

This is not a failure of capitalism, you twat. Fannie Mae and Freddie Mac were set up and subsidised by the US government to do what the free market would never do, and this is provide ridiculous amounts of subprime credit to people with a high probability of defaulting on their mortgages. They then packaged these debts and onsold them to other firms, which bought them because, while they were not actually securitised by the government, there was an implicit suggestion that, should a situation like this come about, the government would compensate them.

The spectacular failure of these markets had a higher degree of inevitability than Sam04u dying a virgin, because when government fucks around with markets on such a grand scale it's always going to start raining shit sooner or later.

 

[youBROKEmyLIFE]

Hay guys I herd u like credit so I artificially deflated interest rates so you can borrow while you borrow

 

[katie tully]

http://www.news.com.au/business/story/0,27753,24405024-462,00.html

we gunna fight them der financial crisis with sum monopoly moniez!

 

[katie tully]

Well it's an interesting situation. You have 99.99% of the voting population, who aren't the executives hauled up in these companies, hounding down at you in the polls, and rightly so, that this is pretty much welfare for the rich. These people want their money spent on healthcare, roads, schools and public goods, not on private enterprise which has been consumed by its own greed. I think the Demo's at the moment are unsure what to do, an election is near, do you please the public for the votes or pass the legislation and try and fix the mess.

Personally, I think the legislation needs to be passed, I don't like the theory behind it, but the consequences that could possibly arise from not doing so could be catastrophic. I think the Government needs to bail these companies out, then they need to sue the fucking crap out of the credit rating agencies and then re-regulate the finance market. They have proved that when given too much power they cannot responsibly use it.

Edit: I don't want to know what the long term effect of this bail out will be, the debt hole in the treasury will be mega-sized...

Well they're kinda hoping they can get some of the money back by selling the bonds later.

That's if they get the full 700bazillionz they need, theyre only guaranteed $250bill at this stage.

Where is Dr. Evil.

 

[youBROKEmyLIFE]

Legislation won't fix the mess.

Giving a blank cheque to the men that orchestrated the disaster with NO OVERSIGHT sounds awesome :tard: