Main St anger so intense some say "acts of violence" called for

Corey · Nov 16, 2009

Quote from Anaconda:

The financial products & derivatives you speak of do not do anything except generate commissions & spreads, in a parasitic manners. Then when the sh*t hits the fan, because in essence all that is being sold is a bunch of crap, who ends up paying for it. Ahh yes, the public. Is that the symbiotic relationship you speak of?

As I said, the 'bailout' should never have been necessary. 'Too big to fail' is an awful side-effect of 'efficiencies of scale.' Smart regulations would have us paying increased prices for the benefit of having smaller businesses -- merely a premium for decreased risk if you ask me.

But that aside, not every derivative and exotic sold at a bank is 'crap.' There are plenty of valid derivatives out there used to hedge business exposures every day.

truehawk · Nov 17, 2009

Quote from cleveland45:

The market was trying to get rid of them last fall until Paulson and who knows what saved their corrupt hides.

I have held a grudge against these investment banks for almost ten years waiting for justice one day.

So am I.

Having had one company looted out from under me by a hostile takeover because it had retained earnings for R&D and no debt, and another refused an IPO because we intended to manufacture exclusively in the US, so am I.

Investment banks take pension funds and loan them to corporate looters to strip the very companies that the funds originate from .
Hostile takeovers have been highly profitable for Wall Street and a disaster for EVERYONE ELSE.

Making hostile takeovers illegal would be the first step toward allowing American business to safely raise and retain capital and bringing back Main Street Jobs.
And Wall Street would HATE it.

fkbsuhites · Nov 17, 2009

Obama is a fucking republican crook masquerading as a democrat.

The only glimmer of hope is this fucking republican crook may be a tad better than Bush or McCain.

With McCain we'd all be on the streets. McCains "economic advisor" Phil Gramm should be shot for the statements he made denigrating hard working middle class Americans. The crooked unamerican SOB is a big part of why we're in the current mess.

christianhgross · Nov 17, 2009

Quote from Anaconda:

I was not aware you were making a valid argument. To say that the nation is dependent on Wall Street to run its economy lies somewhere between insanity & retardation. Sorry to be harsh, but it makes me wonder if you even understand that anything above basic finance requires real industry to base itself on it. It is not the other way around.

You're basically arguing that the parasites that cause the problems have to be saved at the expense of the host.

Sorry, but I am going to agree with the gp on this one.

If society is willing to buy a car with cash, save about 50% of their house before entering a mortgage, and not use credit cards, then you have a point.

But until society does that, it is you who is insane and retarded.

I was just looking at a car in North America and I saw you could get 8 year loans. Those loans are possible because of the parasites and because people are willing to wait for their money.

What bothers people is that since they went overboard and are paying the piper for it they are annoyed.

dtan1e · Nov 17, 2009

Quote from ByLoSellHi:

I could never imagine such a corrupt system.

If I wasn't seeing record stockpiles of oil, copper and other commodities, or stocks trading at dot.com style P/E ratios, I wouldn't believe it.

Obama's game plan appears to come out of the playbook of Greenspan.

Bernanke is a cunt.

second that, corruption is even higher than in thailand, especially when u get a fool for president, as for bernanke, i always thought he looks like an arab

flytiger · Nov 19, 2009

wmb · Nov 19, 2009

Quote from fkbsuhites:

Obama is a fucking republican crook masquerading as a democrat.

The only glimmer of hope is this fucking republican crook may be a tad better than Bush or McCain.

With McCain we'd all be on the streets. McCains "economic advisor" Phil Gramm should be shot for the statements he made denigrating hard working middle class Americans. The crooked unamerican SOB is a big part of why we're in the current mess.

You frickin democrat liberal idiots are too much! this whole mess started with clinton and is rightfully going to get worse with obama. You have the Black Congressional Caucus advocating for low interest rates taking their cuts and the whole goldman sacs staff working for the obama administration and you have the nads to still say something about bush! bush spent 8 years trying to figure out what the frick did clinton do and bill clinto is still today running around like he had nothing to do with anything. live in a chronic state of denial and we will all be unemployed eventually!

5_wave_decline · Nov 19, 2009

"Haugaard says he had tears in his eyes as he watched Barack Obamaâs acceptance speech, hopeful that politics would get more constructive and the economic crisis would get fixed."

what a stupid son of a bitch

by then, obama had voted for the bailout, and appointed geithner

nothing since then should have been a surprise

nothing

zdreg · Nov 19, 2009

Quote from wmb:

You frickin democrat liberal idiots are too much! this whole mess started with clinton and is rightfully going to get worse with obama. You have the Black Congressional Caucus advocating for low interest rates taking their cuts and the whole goldman sacs staff working for the obama administration and you have the nads to still say something about bush! bush spent 8 years trying to figure out what the frick did clinton do and bill clinto is still today running around like he had nothing to do with anything. live in a chronic state of denial and we will all be unemployed eventually!

bill clinton did a great job. he ended welfare
by insisting people go to work and there was a budget surplus when he left.

women were in love with him and red blooded american men wanted to have a beer with bubba.

what else do u want?

flytiger · Nov 19, 2009

Quote from 5_wave_decline:

"Haugaard says he had tears in his eyes as he watched Barack Obamaâs acceptance speech,

Me too.