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I thought the video was overly dramatic, the usual corporate bs. To succeed, you don't NEED to fail. Hell, I'd rather be lucky than good. But failure is not all that bad, you fail, whoop de doo, get up and try again, and you have a great opportunity to learn from the experience! But...

I guess no one has a Hyundai :D

Hundred of thousands of finance jobs have been lost in the US this year, you're kidding if these guys have as many options. The base pay shouldn't go up. Maybe the top 10% performers should get a bigger bonus, but the base pay shouldn't go up. The bottom 50% should be happy they're even employed.

It's more like "Do I know the executives of the insurance company by first name?" "Yes I do, bailout"

No that's because illigal immigrants are cheaper..

Let's hope it never happens :(

The video got 400k views which is good. But you can't be serious that he cares deeply about the people, common! He doesn't care at all, I certainly haven't seen it. He's probably smiling because things are all going well for him and his friends, he's had his way at every turn during the...

I think I can finish up that next sentence. Deflation. Yep, the japanese are scared of deflation. It really did wonders to their banking system, they had a wonderful 18 years since their crash.

Exactly. Just a giant slush fund. A really really big slush fund! And probably accounting error, overpaying some staff members. Still 2 trillions is a lot of money to disappear.

Of course it is.

Heh, probably true. I'm originally romanian and all I hear is corrupt politicians.

No, this is what S&P and the Treasury wants you to believe. Some countries like Czech Republic & Poland are in much better shape than others like Hungary.

Depression doesn't reset debt back to zero. Yes, we need a more stable debt situation, a better equilibrium between lenders and borrowers, but a depression only leads to bigger debts! Take a look at the US debt during the 30s as they tried to get out of it.

I don't think those cars meet safety requirements. So if you're indian, sure, buy it. If you want the equivalent here buy a cheap Hyundai.

This is so true, desperate men clinging to power.

It's Ayn Rand, who wrote philosophy, not a plan for the current bailout and it's the WSJ, owned by Newscorp. Who cares?

I'm sure it's the rating agencies who lobbied for all the deregulations. Please. They are one part of the problem, we have a tendency to want a simple explanation but here there are many culprits.

They can't pay out their derivatives obligations, what do you mean it's not bankrupt?

No it shouldn't cut taxes on the rich, they've been doing that for the last 30 years. Why? Because then productivity is taxed, and who is productive? It's the middle class. Anyone going in at 9 am and leaving at 5 hard to believe but they are productive, they are the economy. The trillions in...

lol. It would "bailout" the rest of the country if those scums suddenly disappeared. They should return the favor for bailing out their companies.