Greed.

Greed.

#1 | Posted by BillJohnson

And Larceny!

Fascinating, now I know why Larry Kudlow gives me the creeps.

Greed.
#1 | Posted by BillJohnson
And Larceny!
#2 | Posted by Lipzoidial

If you spread the wealth among enough people, there's almost no limit to how much you can steal.

The party is over, even for the thieves.

The party is over, even for the thieves.
#5 | Posted by johnjkavanagh

Como se dice "bailout"?

Ah, the bailout, whereby the public is stripped of its last assets so a pack of thieves can keep their $10 million summer houses in the Hamptons and jet shares.

Our founding Fathers tried to design a Democracy with checks and balances. It is being systematically eroded at the edges. In our country completely commercialized media is the heart of the problem. Our Government and Corporations conspire to move money from your pocket to the pockets of those in charge, throughmisinformation dispnsed to the masses.

But the first rule in Jungle Law is size matters. That's why we can bully others, that's why Wall Street and GM get the attention of Shrub and Pelosi. Then there's Paulson and his assistant, both from what was once the Worlds Largest Investment Bank,Goldman-Sachs. Clearly they have compromised the best interests of this country for G-Sax sake. What do they do exactly? They use paper to suck the life out of our economy. Compound Interest, which always exceeds economic growth, Debt Leverage, Secrecy, topped with Government Bailout Money translate to medeival prosperity for a few and shit for everyone else. No realgoods or services are delivered by these wealthy members of our society in the financialsector. Money talks and shit walks. In this way Pelosi and Shrub are joined at the hip.

Nutcase,

"It is being systematically eroded at the edges."

I don't quite agree.

I think it's being systematically eroded from the inside out.

Lobbyists (domestic and international) that bought their way into the system, have caused much of the damage to our system of government, economy and health of the nation.

Although recent candidates for scum sucking betrayers of the national interest include the Bush Crime Family, Phil Gramm Family, Nancy Pelosi, Robert Rubin and Hank Paulson, undoing the protections put in place during the great depression and providing welfare to the rich has been implemented over a period of 60 years.

It is a bipartison corruption, but led philosophically by Rethuglicans.

Only after this Country finally gives up on the two party monopoly establishment can we expect any hope for change.

And even that alone might not do it.
The average life form has it's own interest at heart.
Always has...always will.

If only there was a national platform for a political party that adhered to the US Constitution.
A Constitution that was constructed explicitly to regulate the regulators.
With such a party, we'd have a chance of keeping what was started over two centuries ago.

How much longer do you think it will take to give rise to a political party committed to the concepts and regulations of such a Constitution?

Of course, allot of people would miss the team sports aspect of our current practice.
In spite of it all, it's still too much fun to fight with each other like the animals that we are.

Wall St. failed because the investors bought into the BS that companies which made themselves bigger by mergers were healthier investments and that the top-level executives deserved outrageous salaries/bonuses even when earnings per share/profits didn't warrant it.

If the investors looked beyond the rosy picture painted by big corporation executives they would've put their money elsewhere.

AmericanUnity posted this link on another thread.

Our founding Fathers tried to design a Democracy with checks and balances. It is being systematically eroded at the edges. In our country completely commercialized media is the heart of the problem. Our Government and Corporations conspire to move money from your pocket to the pockets of those in charge, throughmisinformation dispnsed to the masses.

But the first rule in Jungle Law is size matters. That's why we can bully others, that's why Wall Street and GM get the attention of Shrub and Pelosi. Then there's Paulson and his assistant, both from what was once the Worlds Largest Investment Bank,Goldman-Sachs. Clearly they have compromised the best interests of this country for G-Sax sake. What do they do exactly? They use paper to suck the life out of our economy. Compound Interest, which always exceeds economic growth, Debt Leverage, Secrecy, topped with Government Bailout Money translate to medeival prosperity for a few and shit for everyone else. No realgoods or services are delivered by these wealthy members of our society in the financialsector. Money talks and shit walks. In this way Pelosi and Shrub are joined at the hip.

#8 | Posted by nutcase at 2008-11-16 12:33 PM | Reply

Nutcase- You mention "Compound Interest". The correct word that the J-Boys at G-Sax have been using to suck the life blood out of our economy like the J-Boys (House of Rothchild) did in Germany and other European nations starting in the 19 century is USURY. The Jews (such as the one at G-Sax) have used Usury against non-Jews for centuries and it's finally coming home to roost in the US. The problems are only going to get worse. Hopefully Pres. Obama doesnt get too chummy with the Neocons and Aipac because if that were to be the case...we're fucked.

The funny part to this story, is that most chimed in here without having read any of the 9 page story by Michael Lewis. Much less having a fucking clue as to what happened.

Lewis has spent his writing career with an I told you so chip on his shoulder. He gets GQ, Esquirer, and others to pay for his "brash insight". He ladens it with in the trenches mentality, and spins interesting yarn.

He's so full of himself his eyes are brown.....and he's still getting mileage off of solomon brothers.

"Liars Poker" a great read, though...

Everyone should watch the video from post 13.
It really sheds light on how ethically and intellectually bankrupt our financial system is.

well the party doesnt seem to be over for some of the aig people and the UAW or the big three.......

they will get whatever thier democrat lackies in congress can get for them............

greed and mismanagement and mismanagement with DEMS AT THE CONTROLS.........unless you think that there are only republicans on wall street or in charge of mae and mac

In case you missed it:

WHOA bloon

hindsight is pretty clear isnt it...he was right..

and here is one point that isnt made most of the time

credit card companies.........do they have a part in all of this?? I think they do