Quote from Debaser82:
So, you short the crap out of Fannie and Freddie, GM and Citi and not even the smallest bell goes of in your head that this might have some less pleasant implications on the real economy?
Quote from Port1385:
If you are making money and have a lot of it, why would you care? You wouldnt truly care...
Many of these CEOS and investment bankers simply dont care because of the millions they made the last few years. For them, they will kick back now going on vacations or raising families.
The ex-CEO of Fannie and AIG will simply take a long vacation and fade into obscurity while holding seemingly millions upon millions of dollars. Do you think they care? No, they dont...
Quote from Debaser82:
People don't get rich by earning a lot, they get rich by not spending a lot.
The future will show who has learned those lessons well before it is too late.
Jim Rogers was in my country the other week and the journalist that did an interview wrote Mr Rogers made him not only pay for his own breakfast...but also that of multi millionaire Mr Rogers!
Quote from NY_HOOD:
with all the jobs currently lost and eventually lost on Wass Strett and the rest of the banking sector,where are all these unemployed going to find work; on farms? seriously,what other skills do most of these people have other than banking? who the hell will hire all these people? at least a manufacturer can find work at a warehouse,trucking company,ect... a bank employee only knows banking. this post is'nt meant to be comical,its a real concern. when there are massive layoff's in a certain industry,especially blue collar(which usually gets hit),most can easily go into another sector. we are now talking white collar workers making 150k per year that will not find a job in their area of expertise. where will they go?
Quote from Debaser82:
People don't get rich by earning a lot, they get rich by not spending a lot.
The future will show who has learned those lessons well before it is too late.
Jim Rogers was in my country the other week and the journalist that did an interview wrote Mr Rogers made him not only pay for his own breakfast...but also that of multi millionaire Mr Rogers!