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"American people are not that desperate yet." Not even close. They are all sitting around waiting for the "good times" to come back. Most are still hanging on to their gas guzzling SUV, waiting for that fat paycheck once the recovery kicks in.

This may be true but even the mighty UK got toppled by a small number of colonies some 200+ years ago. The anti-Fed movement needs to gain popular support for it to be abolished and since the lay public hasn't a clue of the inner-working of the Fed it's highly unlikely that will happen any time...

A small co-pay to go to the doc's office should be a part of any health care system, whether private or public. There has to be some sort of out-of-pocket cost to deter abuses.

If you really want to study the Federal Reserve read "Web of Debt," by Ellen Brown. It's easily the best book I've ever read. Unfortunately, you'll need a double dose of Prozac before you read it because you're sure to get awfully depressed. Aside from that, every American Citizen should be...

There is only one reason why the Fed should be abolished. It rides the back of the American Citizen like a mule for no other reason than its own financial gain. It is a pure leach. Unfortunately, the average citizen still believes it's a branch of the government.

Depends on where you want to work and what you want to do. If you want to get a job in the investment industry the CMT is viewed as voo-doo witch craft. The CFA is held in high regard. If you want to trade for a living you don't need either.

Well hell, I'm doing the 40oz anyway :(

If you are referring to me I finished college :D And to boot, now I teach college :mad: And now that you've offended me I have to run out and buy a 40oz of Old E :p

No argument here. Wall Street and Washington are one and the same. Where do Washington's leaders come from? GS. If you cut off the US's ability to issue debt the country collapses. The entire US system depends on the ability of the Fed and the Government to create money at will. There is...

If GS did nothing wrong why did they need TARP money? Why did they need a massive infusion from Buffett and Co.? Why did they have to convert to a Bank Holding Company? Why did AIG have to be bailed? The answer is quite simple. Without all of that GS would have suffered the same fate as LEH...

True or not, he's right on cue here. I would be interested to know how much influence GS has on Ivy League MBA admissions.

It took you 2700 posts to figure this out? :confused:

I agree with you completely. There needs to be a meeting of the minds, at some middle ground.

Exactly!

I agree with him in that sense -- I was not born to accept health care through RP's taxes but what if RP became disabled after a long and prosperous career doing whatever. Should he receive basic health care? The simple answer is yes. I know someone who became disabled and didn't have...

Agree completely but what about your brother, or mother, or sister, or whoever, that gets laid off and loses health care as a result. Would you be willing to help them with their health care until they get back on their feet? It's not the lady camping out at MCD's eating 12 cheeseburgers who...

Great response! Health care is a slightly different issue though. There are a lot of people who don't have health care but who are willing to work. They are out of work through no fault of their own. Should they be left in the street to die? The human race should be a few notches above...

Do a quick search on Warren Buffett when the market was crashing or when he sunk $5B into GS. He doesn't look so stupid now, does he?

A 20% drawdown for a hedge fund is just another day. It's comical how ET pounds on highly successful people when they get into a rut. I imagine the guy who operates this fund has wads of cash falling out of his pockets. You guys act like a 20% DD is a permanent thing. Instead of criticizing...

It's fair to note that GS paid $6B in taxes in 2007. I wonder what the specific trickery they used last year. http://quicktake.morningstar.com/StockNet/Income10.aspx?Country=USA&Symbol=GS