do you "less government" rhetoric lovers think there should be no financial

  • Thread starter Thread starter HybriDSM
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How about the simple fact that, without the corporation, they wouldn't even have fucking jobs to begin with.

All you have to do is look at the Big Three (automakers) to see the eventual conclusion of following their logic. If you treat your employer as an adviersary and try to milk them out of all their money, eventually, you'll all lose your jobs. But, since the unions are made up of only employees, the mentality is always, "well as long as I still have my job, it's ok". But eventually you end up on the outside looking in. And at some point, there's nothing left to look in at. Everybody's unemployed.

Detroit in general should be a lesson to us all.
 
You're "sure"?

OK, so how about a few examples of solid businesses that closed their doors or gutted the majority of their workforce?

Everybody has had layoffs because everybody has been doing business with businesses that failed or consumers that have had to scale back. So what? What does this mean long term? Zero.

The leveraging that you are talking about at large investment banks has had virtually no effect on the overall economy in terms of this recession. In fact, it was precisely that leveraging that kept shitty companies and business practices going. This includes not just the market for MBS (which by the way is what allowed people to buy cars, tvs, and other things they could have never afforded), but also manufacturers, transportation, retail, etc. How do you think GM hung on for as long as it did? Overleveraging, of course. If the mortgage industry didn't collapse, something else would have. Huge swathes of the economy were unproductive and only kept going via this overleveraging that you only want to complain about when it pertains to the mortgage/housing industry
 
Don't you think the internet is too big and grows way to fast to control? I for one hate any kind of regulation on the internet. It should be free roam.
 
I will be honest. I worked in finance for 8 years. There are huge problems with things that I think should be more closely regulated by the government. However, after watching what the government has done to the mortgage industry over the last two years, I think I'd rather they just stay the fuck out of financial markets.

Government regulation of financial systems generally just makes things worse. Worse for the shareholders, worse for the customers, and worse for the public.

So, while I WANT to say they should do more, I cringe at the thought of them actually doing so.
 
People that don't think things through all the way before they speak are fucking classy.

Governments stepping in is quite necessary because it has gone to show we can't handle things ourselves.
 
meh, who gives a fuck?

Let the rest of the world do whatever and we'll be back here chillin behind an amp'd up Coast Guard.
 
which is exactly why there is a massive recession right now. lending is only sustainable when the underlying business is productive. Overleveraging is just a fancy way of saying that a company borrows money to invest in a business that will never be able to pay them back.

If you invested in the SoCal mortgage market at 4:1 leverage you would still be out of business just like the guy who was invested at 100:1
 
the originating banks would still go under. mortgage backed securities would still go bad. people would still get evicted from their homes, there would still be layoffs, retail and manufacturing businesses would still close. GM would still be bankrupt

The leveraging via derivatives DID contribute to the collapse of several large investment banks, but with or without these derivatives the recession would be more or less the same.
 
Iraq was not a good idea, total isolationism is not a good idea either. That's alls I'm sayin.
 
There should be GOOD regulation, not bad regulation

There are regulations that are necessary and help the market and society as a whole and there are regulations that hurt business and stifle growth. You can't black and white the issue by saying "all" regulation is bad or that all regulation is good"
 
riiiight, and the part time cashier at the 711 who bought a 800k home isn't to blame, nor is the bank that wrote the mortgage. or the government agency that insured it so the bank wouldn't have to eat the loss.

face it, society sucks at all levels
 
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