On Tue, 10 Feb 2009 12:32:07 -0800, justwaitafrekinminute wrote:


Socialism is not the answer.. It has never worked. There are business
cycles, we go up and down. The problem here is this one is being framed
dishonestly...

Let's see, a few fat cats making millions on Wall Street burp, and
millions of Americans are now out of work. Some business cycle. I fully
accept the consequences of my mistakes, but I should accept the
consequences of their mistakes?

On Feb 10, 4:00*pm, thunder wrote:
On Tue, 10 Feb 2009 12:32:07 -0800, justwaitafrekinminute wrote:
Socialism is not the answer.. It has never worked. There are business
cycles, we go up and down. The problem here is this one is being framed
dishonestly...

Let's see, a few fat cats making millions on Wall Street burp, and
millions of Americans are now out of work. *Some business cycle. *I fully
accept the consequences of my mistakes, but I should accept the
consequences of their mistakes?

No, and neither should the taxpayers.. All the porkulous package is
doing is guaranteeing that honeybees will be insured for decades to
come...

"thunder" wrote in message
...
On Tue, 10 Feb 2009 12:32:07 -0800, justwaitafrekinminute wrote:


Socialism is not the answer.. It has never worked. There are business
cycles, we go up and down. The problem here is this one is being framed
dishonestly...

Let's see, a few fat cats making millions on Wall Street burp, and
millions of Americans are now out of work. Some business cycle. I fully
accept the consequences of my mistakes, but I should accept the
consequences of their mistakes?



Absolutely not. And it's not just mistakes, it is greed as Harry constantly
reminds us of as if we didn't know.
The solution is to attack the problem, not the symptoms.

Eisboch

On Tue, 10 Feb 2009 16:11:18 -0500, Eisboch wrote:


Let's see, a few fat cats making millions on Wall Street burp, and
millions of Americans are now out of work. Some business cycle. I
fully accept the consequences of my mistakes, but I should accept the
consequences of their mistakes?



Absolutely not. And it's not just mistakes, it is greed as Harry
constantly reminds us of as if we didn't know.
The solution is to attack the problem, not the symptoms.

We did, after the Great Depression. It was just recently Republicans
introduced the "deregulation" mantra. Ever look at an economic
timeline? Pre-Great Depression, there was a Panic every ten years or
so. After the Depression, and it's reforms, we have had recessions, even
some severe recessions, but for the most part, the economy has run
considerably smoother. The peaks and valleys of the business cycle were
tolerable.

Totally "free" markets are a disaster. There needs to be limited, well
thought out, regulation. Personally, I feel greed is an essential part
of Wall Street, but it has to be balanced with the risk threat. Greed
got the upper hand, and unfortunately, other people are paying the price.

"thunder" wrote in message
...
On Tue, 10 Feb 2009 16:11:18 -0500, Eisboch wrote:


Let's see, a few fat cats making millions on Wall Street burp, and
millions of Americans are now out of work. Some business cycle. I
fully accept the consequences of my mistakes, but I should accept the
consequences of their mistakes?



Absolutely not. And it's not just mistakes, it is greed as Harry
constantly reminds us of as if we didn't know.
The solution is to attack the problem, not the symptoms.

We did, after the Great Depression. It was just recently Republicans
introduced the "deregulation" mantra. Ever look at an economic
timeline? Pre-Great Depression, there was a Panic every ten years or
so. After the Depression, and it's reforms, we have had recessions, even
some severe recessions, but for the most part, the economy has run
considerably smoother. The peaks and valleys of the business cycle were
tolerable.

Totally "free" markets are a disaster. There needs to be limited, well
thought out, regulation. Personally, I feel greed is an essential part
of Wall Street, but it has to be balanced with the risk threat. Greed
got the upper hand, and unfortunately, other people are paying the price.



Good job. You just identified the problem.
The solution is not to fundamentally change the basis of our form of
government or economy.

Eisboch

On Tue, 10 Feb 2009 16:32:54 -0500, Eisboch wrote:


Good job. You just identified the problem. The solution is not to
fundamentally change the basis of our form of government or economy.

I'm not calling to fundamentally change our form of government or
economy, yet. But if this spirals out of control, and we end up with
breadlines, I might. Something is fundamentally flawed when a few fat
cats can bring down the world's economy. Business cycles are one thing,
market crashes are another.

"thunder" wrote in message
...
On Tue, 10 Feb 2009 16:32:54 -0500, Eisboch wrote:


Good job. You just identified the problem. The solution is not to
fundamentally change the basis of our form of government or economy.

I'm not calling to fundamentally change our form of government or
economy, yet. But if this spirals out of control, and we end up with
breadlines, I might. Something is fundamentally flawed when a few fat
cats can bring down the world's economy. Business cycles are one thing,
market crashes are another.



It is a very serious aberration. If we can survive the ramifications and
correct the loopholes that allowed them, we will be ok.

It's not time to over-react or allow those with a different agenda to
control our destiny.

We need to take our lumps, fix the problem and get on with it.

Eisboch

On Tue, 10 Feb 2009 16:52:19 -0500, Eisboch wrote:


It is a very serious aberration. If we can survive the ramifications
and correct the loopholes that allowed them, we will be ok.

Oh we'll be OK. One thing I have learned about this country, it is
incredibly resilient.


It's not time to over-react or allow those with a different agenda to
control our destiny.

We need to take our lumps, fix the problem and get on with it.

Yeah but, that's a tough sell to the 1/2 million people who lost their
jobs last month. Their lumps are considerably bigger than our lumps.

On Tue, 10 Feb 2009 15:44:05 -0600, thunder
wrote:

Something is fundamentally flawed when a few fat
cats can bring down the world's economy.

It was more than a few. The problem became systemic and very wide
spread. Half of the people in south Florida, ordinary people for the
most part, were either involved in real estate speculation or helping
to facilitate it in some way. It was a lot of fun while the party
lasted and no one was complaining.

"Wayne.B" wrote in message
...
On Tue, 10 Feb 2009 15:44:05 -0600, thunder
wrote:

Something is fundamentally flawed when a few fat
cats can bring down the world's economy.

It was more than a few. The problem became systemic and very wide
spread. Half of the people in south Florida, ordinary people for the
most part, were either involved in real estate speculation or helping
to facilitate it in some way. It was a lot of fun while the party
lasted and no one was complaining.


When we bought the first house in Jupiter one of my native neighbors tried
to get me into speculative investing. This was just before the end of the
explosion of house values. He was living high off the hog flipping houses
but was maxed out on his bank's willingness to extend further credit. He
wanted me to fund some additional investments, promising huge returns.

Being the conservative and economically stupid person I am, I passed. Good
thing. In less than a year the housing market crashed and he was stuck
upside down in several investments.

Eisboch