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Oh I read the propaganda about Soros, and that's the point. He might be ONE guy out of hundreds billionaires who made his serious money outside the system and therefore he's being dirtied. Please explain to me how ONE GUY somehow has a stronger impact than the very common interests of HUNDRED...

Why is it that you hate on George Soros? There are hundred of billionaires connected to business interests which have much more at stake than Soros who realistically could care only about capital gains tax and other financial matters. He's one guy who made money by speculating outside of the...

You really are thick. Do you think a politician from a population of 300 millions just shows up and says, let me through, I'll be the next president? Of course not. To get anywhere as a politician you need a lot of support, and you get that support from fund raisers, from inner circles and...

Here's an interesting thought I had recently, what if GM was driving themselves into the ground intentionally? I mean they sell cars at a loss and their problems have only gotten worse. If you were 2-3 years away from bankruptcy why would you sell hundred of thousand of cars at a loss? Like...

It's funny because I saw an interview video about him and he said he was always a writer first, he barely mentioned Liar's Poker, besides that it was his first big break. And here he is giving out the lowdown on what happened to the financial system. I wonder if he wants to do it, and why...

Financial advisers have a list of clients with them, and they're always hiring financial advisers.

Moral Hazard? You should have been there in 1998! Michael Lewis's article is good. I really liked the end where John Gutfreund the ex-CEO of Salomon Brothers has a lunch with Michael and he says he didn't really understand the product of the 1980s! Imagine things today. And I found it...

I don't believe that it took a lot of balls for him to do that. Your assumption is that he was in for public service and of improving the long term economic situation of America by having a very severe short term recession. It's true the markets since his departure has roared on for 20 years...

Volcker is part of the council on Foreign Relations, so I'm not sure how great he is. He's a part of the governing body like everyone else Obama selected. Honestly, what else would you do with interest rates if inflation was 11%? And at the rate Obama is going he will be Bush III by February...

Your analysis isn't exactly deep. But the best time to sell someone to buy stocks isn't when they're cheap it's when they're expensive. One reason of course is that you might have IPOs and so you need to get rid of stocks you received at a low price and sell at a high price, so you not only...

I've seen the same thing. Some real deals. This means job cuts are next as they need to get leaner and meaner as always. A lot of fear from general business is not good.

The oil bubble popped a very short while ago, so whatever impacts there are will only be seen soon. But because of a weaker canadian dollar now, oil is still a bit better priced some think. A lot of the mature oil stocks are still going to be profitable. You just won't see growth. That is of...

I find it funny taxpayer's money is then loaned at interest to other tax payers. All through banks of course. And all these consumer loans really are retarded. There is a huge difference between loaning $1000 to an entrepreneur who will give you return on equity and to a joe six pack who...

No time to lose then :p

The case in Latin America has nothing to do with communism, it's the 100% opposite. Do you know for example why Argentina defaulted on its debt? It's not because they made horrible spending mistakes, it's because PRIVATE debt was converted to public debt. It was pure theft by the corporate...

So what exactly do you see wrong with my message of unions then? It's much easier to allow unions to express their power than to trust government agencies to prosecute monopoly abuses and to get rid of all the things you talked about. The end result is about the same, it prevents the...

The homebuilders are pathetic. They had this spokesman come on TV trying to make his case and he made a fool of himself. All he could say is that everyone owns a house, big part of economy etc it was a bubble, anyone who goes bankrupt is their own damn fault.

I answered A, and there's a big difference between free market and centrally planned economy.

what equipment?

Free market economics? You might want to study monopoly theory. Unions act as a counter weight to a monopolistic company in the labor market. When it comes to low skilled labor, because of their great quantity, you can pay them LESS than they are worth by exploiting your position, it's all...