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No, it's a sign of that I don't feel like wasting the time to explain something that actually a significant amount of time. You two do not even have the first idea of how lending is done under a 100% fractional reserve system. A form of it still exists today, look up hard money lenders...

You're right, enjoy Obama and more Keynsian & Monetarist concepts. You will be very happy, I'm sure.

Someone forgot to tell you something. YOU ARE RETARDED!

You just proved you do not know what you are talking about. I was planning to respond to your other post with a serious discussion but it's pointless. Your internet example is not relevant, but that's besides the point. You don't want a discussion, you just want to continue deluding yourself...

History of money, history of banks, history of credit, interest, loans, defaults, history of the term "moneychangers". T Do you even know where the first central bank ever came about? Or how? Do you even know that fractional reserve banking used to be ILLEGAL, and for good reasons? How...

So basically, they will dump that crap to the TARP or the Fed, then pay themselves.

It's actually based on history.

Cause under Austrian methodologies, you can't make unlimited riches via being a money changer. You actually have to work for it. And if you do finance & trading type activities, it is due to it being needed, not due to excess of credit.

COF is a regional member of the Federal Reserve. Technically, they have near unlimited funds to tap into. Worst case scenario, they merge or get taken over. No reason for the stock to appreciate however.

Holy sh*t! If that's true, my hat is off to them. Hopefully other companies take note and follow course. If you're gonna cut the workers' pay, the execs should do it too.

No, it's based on history. And if you look deeper, past the Tulip mania, you will find some very interesting stories of certain individuals showing up in towns & villages, setting up shop, getting into the credit game, blowing it up, then contracting it and then being lyunched or run out of...

Read more, check out Mises institute. Many articles. They don't all believe the same exact methodology, there are many variations. The basics are what's important. The basics in regard to monetary policy is that manipulating money supply is what causes inflation/deflation and...

Don't be so shortsighted. Devaluation of the dollar has been going on for a long time, way way beyond the current Fed patsy aka chairman.

I mean really, I figured this out within a year once I had to actually deal with SEC by paying their excessive fees and then taking notice of how they spend them while noting blatant insider trading by the specialists. Read "Wall Street Jungle" on a reccomendation, it documents the croneyism...

He told this himself in his book, you retard.

He used to frontrun order flow from Goldman Sachs, fed to him by his buddies. Once that got some heat, surprise, he shut down his fund. Not exactly a complicated strategy.

Hell fucking yeah. Count me in. I'm ready to borrow boatloads. I'm not ready to repay it though, but why should that be an issue. It was not for the big boys.

Uhm, you're very confused. Neither Demos or Reps had anything to do with it. Only real legislation that contributed was de-regulation allowing retail & investment banks to be one entity. More importantly, it was the Federal Reserve recognizing CDS & similiar derivatives (CMS, CDOs, MBSes...

WHAT? Do you even realize what you wrote? Huge Deficits & increased Gov spending = economic recovery? In what universe?

Actually it is preferred by professional traders who like to short.