Forum Post: Carping Petty Critics, Cowardly Trolls...you're on the wrong side of history
Posted 13 years ago on Oct. 20, 2011, 8:59 p.m. EST by DeadHand
(45)
This content is user submitted and not an official statement
We've all seen your types before, in various guises, supporting unjust systems in the past.
Think about it long and hard.
lol you tools and fools think you'll avoid the repercussions of stories like this? it's all our taxes that will make up for it, geniuses
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/10/20/bloomberg_articlesLTBZHS1A1I4J.DTL
If unjust means you get what you earn and what the free market as defined by billions of independent decisions and transactions pays what you are worth, then yes our system is unjust and ishould be replicated. Nothing is worth anything in the market unless someone is freely willing to pay for it...which includes your time and skills.
No, you uneducated robotic dipshit. This isnt a "free market". This is a system extremely heavily weighted towards corporations . Something the Founders did not want. Which is why corporations were not given the legal status of "personhood" till much later
Unjust is the Federal Reserve being packed with Bank CEOS, paying themselves bank bailouts.
Unjust is congressmen voting in favor of defense bills and then lobbying for the same company they did a favor for and earning big dollars after their term
Unjust is private prisons colluding with law enforcement to fill their pockets. We've had judges sentence kids to long prison terms for very minor offenses while they had financial interests in the private prisons
Im not going to list everything, It would take me an hour or two
Corporations are entities that are allowed to enter into legal contracts...which greatly facilitates commerce and trade. I suggest you go read Walter E Williams and try a little education on for size instead of mindless propaganda. Economic ignorance like yours is the greatest threat to our great republic.
Mindless propaganda? Go study some American History.
and you had zero response to my other points....coward
I honestly don't know if private prisons are corrupt or not, I am sure they are not perfect, but I trust private enterprise before moron politicians. I detest crony capitalism, and boards need to have an adversarial position with the CEO. the other stuff will work itself out if we get govt out if our markets and let winners win and loses try again until they win. That's what makes us great.
you aren't great. playing games with derivatives is not a great human endeavor, sorry....I dont think you know what greatness is
Some Ivy League smarty pants comes up with a derivative tool to make a buck...that's not the problem. The problem was the lack of transparency in what constituted a mortgage backed security and the web of credit default swaps that ensued. I have no problem with exotic investment instruments, but I need to know if I am exposed to them. That's where the housing investment market went off the rails...along with the govt intrusions that set the foundation.
youll note that the mortgage crisis did not happen when glass-steagall was the law
lets get real here
That's true. There was not one source of the mortgage bust, but a confluence of conditions- govt mandates, Fannie/Freddie guarantees, lax SEC enforcement, and co minglinging of investment and retail banking as you suggest. You'll get no argument from me that G-S repeal was a good idea, but I don't think anyone imagined the 2008 debacle. Greedy fat cats would have been slaughtered by the market though were it not for the role of Fannie and Freddie. Govt created a safety net the market would not have tolerated.
How can anyone be on the wrong side of history? Don't we all STAY pretty much on THIS side of history?
My wife thinks about my long and hard.