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

  • Thread starter Thread starter HybriDSM
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They purposely set up deals to fail and then bet that they would fail. These are the people supposed to be taking your money and making sound investments with your money on your behalf. You would classify that as "diversification" and not "evil"?
 
I see it like this, they have a belief and a way of life, but they recognize that other people think differently and you cannot legislate based on your personal belief system. You legislate for the good of the people.
 
Fuck, I just remembered that I own Exxon Mobil stock. If I'd remembered earlier I would have sold it as soon as I found out about the oil well. Shit.

Anyone think these guys are still going lower?
 
Right but it wouldn't have been as bad.
CDSs and CDOs and the leveraging is why it created such a shit storm. The took the amount of money that would have originally been lost and multiplied it by 10
 
we could do with less regulation than we have now and be fine, but we're fucked as long as there is no real distinction between big business and government. big business will continue to exploit the common people, and the government will continue to pretend to do things about it with the illusion that they're helping us.
 
are you retarded ?

and the 2nd bet isn't enough to make a large profit, just to keep you from losing your entire ass.
 
They played a role but things would have been more or less the same either way. Their biggest role was supplying capital for nonviable businesses. Once things began unraveling, it didn't matter anymore.

Why should a bank lend your company 25% of their payroll when (presumably) demand has fallen through the floor? That's not a rhetorical question. Unless your company was funded by an investment bank, the IBanking industry has nothing to do with your company having to go through with layoffs, other than setting up the pins for a collapse in the mortgage sector (i.e. the reason why your company couldn't get loans from a retail bank). But that doesn't mean the retail banks, homeowners, consumers, business,etc. aren't responsible for going along with the scheme. Why didn't your company save more money so that it could weather a longer & more severe recession without having to make cuts?
 
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