10-11-2011, 03:50 AM | #106 | |
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
|
Well fucking said Sam.
__________________
Quote:
|
|
10-11-2011, 07:57 AM | #107 | |
Makes some feel uncomfortable
Join Date: Dec 2005
Posts: 10,346
|
Quote:
__________________
"I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce |
|
10-11-2011, 07:52 PM | #108 | ||||
“Hypocrisy: prejudice with a halo”
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
|
Quote:
Quote:
Quote:
Quote:
__________________
Anyone but the this most fuked up President in History in 2012! |
||||
10-11-2011, 09:22 PM | #109 |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
|
He may be the engine, but that engine won't run without fuel either. We are mutually linked. There cannot be one without the other in a functional situation. Currently this engine is burning WAY TOO MUCH fuel.
__________________
"like strapping a pillow on a bull in a china shop" Bullitt |
10-12-2011, 02:19 AM | #110 | |
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
|
Beautifully put, Classic.
__________________
Quote:
|
|
10-12-2011, 02:55 AM | #111 |
Doctor Wtf
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
|
To take that analogy, there are leaks in the fuel line, and a lot of the fuel isn't even getting inside the engine.
Quite a lot of business - even financial business - is of net benefit to society at large. Only a tiny number of the people protesting here want to shut it all down. A significant portion of business, especially international finance, is not of net benefit to society as a whole, but rather imposes a cost on society, in order to enrich the few involved in the deal. This is the bad sort of capitalism. These are the leaks. This is what people want stopped. I doubt anyone thinks that distinguishing the two will be easy, or that setting rules that allow the first and limit the latter will be easy, but that is no excuse to not make a start. Instead, what we see is these parasitic wealthy effectively buying control of government and skewing things even more in their own favour.
__________________
Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl. |
10-12-2011, 03:13 AM | #112 | |
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
|
A recent study showed that 98% of FTSE 100 companies have off-shore subsidiaries based in tax havens.
Perfectly legal of course, but it kind of sticks in the craw when many of the banks that the public bailed out (and indeed in at least one case currently have part ownership of) are included in that list. So, they broke the economy and were too big to fail, so we gave them barrel loads of cash and they take their profits and run, paying as little as possible back into the country who allowed them to make that profit, and even helped pay for it.
__________________
Quote:
|
|
10-12-2011, 04:45 AM | #113 | |
Doctor Wtf
Join Date: Oct 2007
Location: Badelaide, Baustralia
Posts: 12,861
|
Here is an expert explaining it much better than me:
Quote:
__________________
Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl. |
|
10-12-2011, 06:40 AM | #114 |
Slattern of the Swail
Join Date: Jul 2004
Posts: 15,654
|
Wasn't Alan Greenspan an original member of the Collective?
__________________
In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic. "Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her. —James Barrie Wimminfolk they be tricksy. - ZenGum |
10-12-2011, 09:30 AM | #115 |
Person who doesn't update the user title
Join Date: Jun 2010
Location: Bottom lands of the Missoula floods
Posts: 6,402
|
Thanks Zen, that is a great link
Can't say I understood all first part about Europe, but the part on the US made sense. |
10-12-2011, 10:13 AM | #116 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
|
Quote:
I routinely ask bankers about Glass-Stegall. Not one knew what it was. What it did was address a fundamental problem when commercial banking and investment banking is in one house. They learned that the hard way in the 1920s. Due to so much education only from soundbytes, we must now learn that all over again. BTW, I do not see why what applies to Europe is any different then what applies to America. Had you been following what was posted before George Jr administration all but created this recession, then you knew about Basil I. And why George Jr, et al were doing everything possible to keep it out of America. Basil I and II would have sharply blunted a financial crisis and that absolute resulting need for TARP. Also not mentioned is what should be standard in all financial industries. All contracts should be traded on open markets. No most secret SIVs and CDOs. Transparency is critical to a responsible economic system. All those secret back room deals are whey Greece could pile on debt without anyone knowing how bad it was going back to the 2000 Olympics. Bankers don't like transparency. Then they cannot skirt the law. Long Term Capital Management was another example of secret money games to enrich the rich. That also cost many Cellar Dwellers their jobs. Anyone concerned about their decreasing standard of living would know why LTCM simply warned of what was coming. And what happens when the elitists, using a propaganda machine, keep us all ignorant of what almost happened. Propaganda machines including those from Berlusconi of Italy and Murdoch. But again, we cannot ever over regulate the finance industry. Due to an embedded concept routinely taught in business schools. That a business only exists for its profit. Also called corruption. Basil x (which every adult should have known about) requires transparency and reserves greater reserves behind questionable transactions. Everyone should have known why the Basil regulations are so important to the economic welfare of common Americans (at the expense of the uber-rich). Last edited by tw; 10-12-2011 at 10:36 AM. |
|
10-12-2011, 02:27 PM | #117 | ||
Registered User
Join Date: Jun 2007
Location: Not here
Posts: 2,655
|
Quote:
Quote:
I was not aware that Mr. Hood ran in the last election. Besides, I was using him as an example of going to far to the left which doesn't work either. |
||
10-12-2011, 04:23 PM | #118 | |
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
|
That Rand's little group of acolytes? Yes, he was.
__________________
Quote:
|
|
10-12-2011, 04:40 PM | #119 |
Slattern of the Swail
Join Date: Jul 2004
Posts: 15,654
|
thought so.
Ayn Rand - no God other than She! Fucked philosophy. Totally fucked. I hope she's burning in hell. Well, at least a little part of her, anyway.
__________________
In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic. "Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her. —James Barrie Wimminfolk they be tricksy. - ZenGum |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|