BoatBanter.com - View Single Post - economist blames wall street for collapse

bpuharic

On Sun, 09 May 2010 17:23:14 -0400, wrote:

On Sun, 09 May 2010 16:26:14 -0400, bpuharic wrote:

On Sun, 09 May 2010 15:38:18 -0400, wrote:

On Sun, 09 May 2010 14:43:23 -0400, bpuharic wrote:

That same computer executed my stop loss orders. I didn't have to do a
thing. I got a message that I traded, that was it.

i guess you didn't hear that the computer programs on wall street
destroyed a trillion. in 1 day.

It was far more than a simple computer glitch. Greece and the possible
crash of the Euro was a lot more troubling than one trader typing
billion when he meant million. Most of that was recovered by the end
of trading.

uh, no. the market had dropped a few hundred points over the previous
week as the scope of the greek problem became news. a drop of 1
trillion in 1 day had zip to do with greece.

What the hell are you talking about?

you havent been following the market for the last week or 2 have you?
it's been dropping as the greek situation became news...it's BEEN news
for several weeks

sorry that rush just told you about it yesterday

and saying absolutely NOTHING about bush...nothing. not a peep.

now, why is that?

I say plenty about bush and the stupid war. That was his fault. The
CDO problem was caused by legislation that happened before he took
office. You seem to ignore that.

uh...no. in fact i quite squarely blame it on the right winger phil
gramm and his enron VP wife who engineered a bill to exclude the SEC
from regulating derivatives

cite it.
You are just trying to deflect the conversation away from your
failures to plan.

yeah. me and 100M other working poeple

OK that sounds right.
Just because 100,000,000 people fell for the idea that they could
borrow their way to prosperity does not surprise me.

ROFLMAO!! and how, pray tell, with wall street consuming 40% of GDP,
and with the middle class having NO pay increase in 10 years, were
they...we...supposed to make ends meet??

you right wingers...you starve the middle class THEN complain when it
starves!!

Anyone carrying any debt past 45-50 is not thinking seriously about
retiring, at least not in any rational sense.
I managed to own 2 properties, my car

blah blah blah...more right wing bull****