economic discombobulation - Page 2 - Snowboarding Forum

cifex · 09-23-2008, 12:45 PM

Quote:

Originally Posted by Mooz

Congress is so out of touch with the rest of the nation that yes, they had zero foresight to see this coming. I blame their incompetence.

Why would they? That is the responsibility of the Executive....

Quote:

Originally Posted by Mooz

I blame corruption on the big wall street players. And not just corporations mind you, individuals do a lot more to manipulate the market that you can imagine.

Everyone likes to blame the short sellers but they perform an important function where the media fails due to a lack of IQ.

Mooz · 09-23-2008, 02:14 PM

Short selling isn't bad. Naked short selling is bad. No uptick rule is BAD BAD. Both together = nightmare.

And no congress doesn't get to weasal out by trying to claim it's the responsibility of the executive branch. It isn't. They're at just as much fault.

KIRKRIDER · 09-23-2008, 05:19 PM

Quote:

Originally Posted by PaoloSmythe

and there lies the responsibility; are you telling me that know one had any foresight over the last few decades?

there is either incompetence or corruption at the heart this

Totally agree with you, they knew it was coming and they are making billions still now as we speak, knowing that their ass was covered because the alternative is a sort of economic 911.
On the other hand having the WHOLE economy crsh ( IF that was true) would have been worse.

PaoloSmythe · 09-24-2008, 05:26 AM

so with an addition of so much dollar (if it gains approval, and i presume that current appearances of resistence to the idea are just that... appearances to appease), is there not the chance that $700 billion to $1 trillion will simply devalue the dollar internationally?

KIRKRIDER · 09-24-2008, 07:13 PM

well just think how much the invasion of Iraq was supposed to cost us and what it ended up costing...

PaoloSmythe · 09-25-2008, 05:19 AM

Quote:

Originally Posted by pawlo

well just think how much the invasion of Iraq was supposed to cost us and what it ended up costing...

initially i wondered whether this is relevent to this situation. the funding of the irak offensive, effectively retained the tax monies within private US entities, ie. the dollar went to US companies who work in efforts of warfare; McDonnell-D, Halliburton and Black water etc...

but then i suppose this is the exact same thing, being applied to the economic war machine. in essence, it is all the privatisation of public funds.

this has always been the case be it for terrorism irradication, space exploration or economic stability.

KIRKRIDER · 09-25-2008, 03:06 PM

Quote:

Originally Posted by PaoloSmythe

but then i suppose this is the exact same thing, being applied to the economic war machine. in essence, it is all the privatisation of public funds.

this has always been the case be it for terrorism irradication, space exploration or economic stability.

I would call it Corporate Socialism....where you Socialize the losses and privatize the gains.
Could also be compared to National Socialism, that should ring some bell...
And of course Curious George had to tell us yesterday night that " If we don't pay..something bad could happen"

he should have had at least a black dress and southern Italian accent...I mean.."Frankie..I'll make you an offer..you can'te refuse"

(The Godfather)

09-23-2008, 02:14 PM	#12 (permalink)
Mooz Veteran Member Join Date: Aug 2007 Location: Your pants Posts: 1,589 Blog Entries: 1	Short selling isn't bad. Naked short selling is bad. No uptick rule is BAD BAD. Both together = nightmare. And no congress doesn't get to weasal out by trying to claim it's the responsibility of the executive branch. It isn't. They're at just as much fault. __________________ I have a word limit on my cynicism

09-24-2008, 05:26 AM	#14 (permalink)
PaoloSmythe Samyaksambuddhas Join Date: Aug 2007 Location: Only British blaady Columbia!!! Posts: 4,622	so with an addition of so much dollar (if it gains approval, and i presume that current appearances of resistence to the idea are just that... appearances to appease), is there not the chance that $700 billion to $1 trillion will simply devalue the dollar internationally? __________________ Just coz you don't understand it Doesn't mean it makes no sense!

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09-24-2008, 07:13 PM	#15 (permalink)
KIRKRIDER Veteran Member Join Date: Mar 2008 Location: Bay Area, CA Posts: 2,212	well just think how much the invasion of Iraq was supposed to cost us and what it ended up costing...