Welcome login | signup
Language en es fr

Forum Post: Congressman Dennis Kucinich VS Wall Street and the Federal Reserve

Posted 10 years ago on Dec. 23, 2011, 2:57 p.m. EST by TrevorMnemonic (5827)
This content is user submitted and not an official statement

‎"Is this the United States congress, or the board of directors of Goldman Sachs?"





Read the Rules
[-] 3 points by Keepitsimple (110) 10 years ago

Money IS created out of thin air, but was allowed to be created out of our ignorance that the bankers are fine upholding people in the rich section of town. All the while, the "working class" toiled away.

[-] 1 points by Shule (2638) 10 years ago

If you think bankster bail outs are wild. Check out this thing called "goodwill accounting."

[-] 0 points by earnyours (124) 10 years ago

You should be the one checking it out. If your business has $1 million worth of property and equipment, but I buy it from you for $2 million because it makes a lot of money, how do I account for this. So, $2 million goes out, that reduces cash. But now I have something. So, I increase property and equipment by $1 million. What do I call the other $1 million of "stuff" that I bought from you? I got something for my extra $1 million, didn't I? We'll call it Goodwill. It's just a name. Learn, then form opinions.

[-] 1 points by Shule (2638) 10 years ago

Oh yes, ideally it should work that way, but..... . . .keep learning buddy, you'll get there. ..... and then curse me.