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[email protected] February 10th 09 05:56 PM

Hello France..
 
Well, three repubs that should be shot sold out and the porkulous bill
just passed.. We are now a one party country like China, Iran, etc...

The Baffoon is talking about it now.. Say goodbye to your health care
guys, oh yeah, that was hidden until saturday night when the bill
finally got shown to America.. Remember, Obama said bills would be out
for at least 5 days so we could look at them, what a ****ing lying
piece of ****.....

[email protected] February 10th 09 05:58 PM

Hello France..
 
On Feb 10, 12:56*pm, wrote:
Well, three repubs that should be shot sold out and the porkulous bill
just passed.. We are now a one party country like China, Iran, etc...

The Baffoon is talking about it now.. Say goodbye to your health care
guys, oh yeah, that was hidden until saturday night when the bill
finally got shown to America.. Remember, Obama said bills would be out
for at least 5 days so we could look at them, what a ****ing lying
piece of ****.....


Yup, schools need new "science labs", that's the fourth time he has
answered a question with the same speech. If science is "Global
Taxing", we don't really need more of it...

[email protected] February 10th 09 06:12 PM

Hello France..
 
On Feb 10, 12:56*pm, wrote:
Well, three repubs that should be shot sold out and the porkulous bill
just passed.. We are now a one party country like China, Iran, etc...

The Baffoon is talking about it now.. Say goodbye to your health care
guys, oh yeah, that was hidden until saturday night when the bill
finally got shown to America.. Remember, Obama said bills would be out
for at least 5 days so we could look at them, what a ****ing lying
piece of ****.....


Just curious, if it hadn't passed, and no one did anything, and if the
country then went into a great depression, would you then say that
that was all the democrats fault? It's just funny that you don't find
ANY fault with the way the previous potus handled things, blaming it
all on congress. Now that there is a dem for potus, NOW it's all his
fault.

[email protected] February 10th 09 08:32 PM

Hello France..
 
On Feb 10, 1:12*pm, wrote:
On Feb 10, 12:56*pm, wrote:

Well, three repubs that should be shot sold out and the porkulous bill
just passed.. We are now a one party country like China, Iran, etc...


The Baffoon is talking about it now.. Say goodbye to your health care
guys, oh yeah, that was hidden until saturday night when the bill
finally got shown to America.. Remember, Obama said bills would be out
for at least 5 days so we could look at them, what a ****ing lying
piece of ****.....


Just curious, if it hadn't passed, and no one did anything, and if the
country then went into a great depression, would you then say that
that was all the democrats fault? It's just funny that you don't find
ANY fault with the way the previous potus handled things, blaming it
all on congress. Now that there is a dem for potus, NOW it's all his
fault.


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...

thunder February 10th 09 09:00 PM

Hello France..
 
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?

[email protected] February 10th 09 09:02 PM

Hello France..
 
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...

Eisboch[_4_] February 10th 09 09:11 PM

Hello France..
 

"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


thunder February 10th 09 09:32 PM

Hello France..
 
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.

Eisboch[_4_] February 10th 09 09:32 PM

Hello France..
 

"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


thunder February 10th 09 09:44 PM

Hello France..
 
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.

Eisboch[_4_] February 10th 09 09:52 PM

Hello France..
 

"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


Wayne.B February 10th 09 10:15 PM

Hello France..
 
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.


Eisboch[_4_] February 10th 09 10:24 PM

Hello France..
 

"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


Zombie of Woodstock February 10th 09 11:18 PM

Hello France..
 
On Tue, 10 Feb 2009 17:24:03 -0500, "Eisboch"
wrote:

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.


Did I ever tell you about my broker who wanted me to join a CDO hedge
fund in 2004?

So I looked through the prospectus, lot of legal mumbo jumbo and then
the numbers - I'm pretty good with numbers - they were talking 20 to 1
leverage factors with returns in the 15/20% range per annum.

37 pages of agreements on packaging the security, monies obtained,
leverages/averages and every other type of X-ages you can name.

Something didn't look right, so I got out the old scientific
calculator and made my own calculations based on their assumptions
over time.

It never came out the same twice. In theory, one parameter change
shouldn't affect all other parameters to the extend I was finding to
be true.

The upshot was while they were claiming 20 to 1, it was closer to 30
to 1 - it was the only way the math would work they way they claimed.

No freakin' wonder we got into that mortgage mess.

--

If we aren't supposed to eat animals,
why are they made of meat?

thunder February 11th 09 08:55 AM

Hello France..
 
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.

thunder February 11th 09 09:03 AM

Hello France..
 
On Tue, 10 Feb 2009 17:24:03 -0500, Eisboch wrote:


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.


Sounds like a responsible banker, that I'm guessing is still in
business. Back in the late '80s, there was a builder I did some work
with. Anyway, he wanted to build a few houses, but the market was
getting quite tight. He went to over thirty banks trying to get a loan.
They all rejected him. I kept telling him, that maybe they were telling
him something, and he should listen. But being stubborn, he persisted
until he found one that was willing. He crashed and burned.


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



[email protected] February 11th 09 01:49 PM

Hello France..
 
On Feb 11, 3:55*am, thunder wrote:
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.


Yeah, I don't think we can afford to just sit around and do NOTHING.

Wayne.B February 11th 09 02:10 PM

Hello France..
 
On Tue, 10 Feb 2009 23:18:15 GMT, Zombie of Woodstock
wrote:

Did I ever tell you about my broker who wanted me to join a CDO hedge
fund in 2004?

So I looked through the prospectus, lot of legal mumbo jumbo and then
the numbers - I'm pretty good with numbers - they were talking 20 to 1
leverage factors with returns in the 15/20% range per annum.

37 pages of agreements on packaging the security, monies obtained,
leverages/averages and every other type of X-ages you can name.

Something didn't look right, so I got out the old scientific
calculator and made my own calculations based on their assumptions
over time.

It never came out the same twice. In theory, one parameter change
shouldn't affect all other parameters to the extend I was finding to
be true.

The upshot was while they were claiming 20 to 1, it was closer to 30
to 1 - it was the only way the math would work they way they claimed.

No freakin' wonder we got into that mortgage mess.



One of Warren Buffet's favorite sayings is to never invest in anything
that can not be easily understood.


Calif Bill February 11th 09 04:48 PM

Hello France..
 

wrote in message
...
On Feb 11, 3:55 am, thunder wrote:
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.


Yeah, I don't think we can afford to just sit around and do NOTHING.

Nothing is better than the wrong thing.



[email protected] February 11th 09 06:00 PM

Hello France..
 
On Feb 11, 11:48*am, "Calif Bill" wrote:
wrote in message

...
On Feb 11, 3:55 am, thunder wrote:

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.


Yeah, I don't think we can afford to just sit around and do NOTHING.

Nothing is better than the wrong thing.


But what if nothing IS the wrong thing?

Calif Bill February 16th 09 06:51 AM

Hello France..
 

wrote in message
...
On Feb 11, 11:48 am, "Calif Bill" wrote:
wrote in message

...
On Feb 11, 3:55 am, thunder wrote:

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.


Yeah, I don't think we can afford to just sit around and do NOTHING.

Nothing is better than the wrong thing.


But what if nothing IS the wrong thing?

It may be a less costly wrong thing. This recession could be worse than the
1973 one, but it may be the cause of hyperinflation and total meltdown of
the economic system if the government throws trillions and trillions of
dollars out there by printing money and not targeting real root causes.



HK February 16th 09 12:32 PM

Hello France..
 
Calif Bill wrote:
wrote in message
...
On Feb 11, 11:48 am, "Calif Bill" wrote:
wrote in message

...
On Feb 11, 3:55 am, thunder wrote:

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.

Yeah, I don't think we can afford to just sit around and do NOTHING.

Nothing is better than the wrong thing.


But what if nothing IS the wrong thing?

It may be a less costly wrong thing. This recession could be worse than the
1973 one, but it may be the cause of hyperinflation and total meltdown of
the economic system if the government throws trillions and trillions of
dollars out there by printing money and not targeting real root causes.




How would you suggest "the government" target the real root cause, which
is unbridled greed on the part of the very wealthy?

Calif Bill February 16th 09 09:34 PM

Hello France..
 

"HK" wrote in message
m...
Calif Bill wrote:
wrote in message
...
On Feb 11, 11:48 am, "Calif Bill" wrote:
wrote in message

...
On Feb 11, 3:55 am, thunder wrote:

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.
Yeah, I don't think we can afford to just sit around and do NOTHING.

Nothing is better than the wrong thing.


But what if nothing IS the wrong thing?

It may be a less costly wrong thing. This recession could be worse than
the 1973 one, but it may be the cause of hyperinflation and total
meltdown of the economic system if the government throws trillions and
trillions of dollars out there by printing money and not targeting real
root causes.



How would you suggest "the government" target the real root cause, which
is unbridled greed on the part of the very wealthy?


The real root cause is people living beyond their means. Living on credit.
Easy credit is no easy in the end. The government has encouraged the credit
life. Last stimulus was give out $300 a person and people were supposed to
spend the money. They didn't as much as the guv wanted. Savings rate
jumped top 4.5% when checks came out. The government ecouraging zero down
home loans, low income loans.



Eisboch[_4_] February 16th 09 09:39 PM

Hello France..
 

"Calif Bill" wrote in message
...

"HK" wrote in message
m...
Calif Bill wrote:
wrote in message
...
On Feb 11, 11:48 am, "Calif Bill" wrote:
wrote in message

...
On Feb 11, 3:55 am, thunder wrote:

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.
Yeah, I don't think we can afford to just sit around and do NOTHING.

Nothing is better than the wrong thing.

But what if nothing IS the wrong thing?

It may be a less costly wrong thing. This recession could be worse than
the 1973 one, but it may be the cause of hyperinflation and total
meltdown of the economic system if the government throws trillions and
trillions of dollars out there by printing money and not targeting real
root causes.



How would you suggest "the government" target the real root cause, which
is unbridled greed on the part of the very wealthy?


The real root cause is people living beyond their means. Living on
credit. Easy credit is no easy in the end. The government has encouraged
the credit life. Last stimulus was give out $300 a person and people were
supposed to spend the money. They didn't as much as the guv wanted.
Savings rate jumped top 4.5% when checks came out. The government
ecouraging zero down home loans, low income loans.


You just nailed it. Easy credit is what has done us in and it started in
the 90's.
Harry loves to blame everything on the greed of the wealthy. Greed is a
human trait, shared by all economic stations. Once the lesson that you
don't get something for nothing is re-learned, we will be well on our way to
an economic recovery.

Eisboch


Calif Bill February 16th 09 11:06 PM

Hello France..
 

"Eisboch" wrote in message
...

"Calif Bill" wrote in message
...

"HK" wrote in message
m...
Calif Bill wrote:
wrote in message
...
On Feb 11, 11:48 am, "Calif Bill" wrote:
wrote in message

...
On Feb 11, 3:55 am, thunder wrote:

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.
Yeah, I don't think we can afford to just sit around and do NOTHING.

Nothing is better than the wrong thing.

But what if nothing IS the wrong thing?

It may be a less costly wrong thing. This recession could be worse
than the 1973 one, but it may be the cause of hyperinflation and total
meltdown of the economic system if the government throws trillions and
trillions of dollars out there by printing money and not targeting real
root causes.


How would you suggest "the government" target the real root cause, which
is unbridled greed on the part of the very wealthy?


The real root cause is people living beyond their means. Living on
credit. Easy credit is no easy in the end. The government has encouraged
the credit life. Last stimulus was give out $300 a person and people
were supposed to spend the money. They didn't as much as the guv wanted.
Savings rate jumped top 4.5% when checks came out. The government
ecouraging zero down home loans, low income loans.


You just nailed it. Easy credit is what has done us in and it started in
the 90's.
Harry loves to blame everything on the greed of the wealthy. Greed is a
human trait, shared by all economic stations. Once the lesson that you
don't get something for nothing is re-learned, we will be well on our way
to an economic recovery.

Eisboch


My buddy's son and wife (who works for a bank) live via credit cards. Pay
the minimum each month. In for a rude awakening when things tighten up.
Buddy has tried to tell them to do better, but they are like lots these
days. Live for the present. I remember a couple years ago on this
newsgroup where someone did not really care what the boat cost, but what
were the monthly payments. 10+ year loan on a $9000 bayliner was ok.



Eisboch[_4_] February 16th 09 11:24 PM

Hello France..
 

"Calif Bill" wrote in message
m...


My buddy's son and wife (who works for a bank) live via credit cards. Pay
the minimum each month. In for a rude awakening when things tighten up.
Buddy has tried to tell them to do better, but they are like lots these
days. Live for the present. I remember a couple years ago on this
newsgroup where someone did not really care what the boat cost, but what
were the monthly payments. 10+ year loan on a $9000 bayliner was ok.


In their defense (although it's not an excuse) the credit industry has made
it very easy over the past couple of decades. Here's a great finger
pointing exercise. Keep hitting "next" to see the next culprit.
Interestingly, the public consumer is one of the culprits, along with 'ole
"balanced budget" Bill Clinton.

http://www.time.com/time/specials/pa...877350,00.html

Plenty of "blame" to share around.

Eisboch


thunder February 17th 09 12:44 PM

Hello France..
 
On Mon, 16 Feb 2009 18:24:01 -0500, Eisboch wrote:


In their defense (although it's not an excuse) the credit industry has
made it very easy over the past couple of decades. Here's a great
finger pointing exercise. Keep hitting "next" to see the next culprit.
Interestingly, the public consumer is one of the culprits, along with
'ole "balanced budget" Bill Clinton.

http://www.time.com/time/specials/packages/

article/0,28804,1877351_1877350,00.html

Plenty of "blame" to share around.


What's scary to me, these guys are smart professionals, some of the
best. How come only a handful saw this mess coming? I'll admit not
seeing this with foresight, but with hindsight, it was an obvious house
of cards. Five years ago, Buffet called derivatives "financial weapons
of mass destruction". Of course, he could have been wrong, but not to at
least listen to someone of his weight?

And, how do you stop this type of "group think" in the future? Clearly,
some regulation is in order, but it almost seems more like a
psychological disorder than a financial disorder. It's difficult to
believe, something as stupid as this,just choked the entire world's
economy.

thunder February 17th 09 01:28 PM

Hello France..
 
On Tue, 17 Feb 2009 08:22:08 -0500, HK wrote:


Hang anyone earning more than $500,000 a year in any endeavor that does
not prolong life or prevent serious illness. Limit those people to no
more than $1,000,000 a year. Confiscatory income tax rates. No deferred
income. Confiscatory tax rates on non-family-business inheritances. Over
time, you might breed out some of the greed characteristics.

Will it hurt society? You mean, more than greed has the last decade?
:?)


I used to think mandatory sterilization for all politicians might be a
could idea. In a couple of generations, we might be able to remove that
defective gene from the pool. Maybe expanding the program to include
Wall Street might work. ;-)

HK February 17th 09 01:38 PM

Hello France..
 
thunder wrote:
On Tue, 17 Feb 2009 08:22:08 -0500, HK wrote:


Hang anyone earning more than $500,000 a year in any endeavor that does
not prolong life or prevent serious illness. Limit those people to no
more than $1,000,000 a year. Confiscatory income tax rates. No deferred
income. Confiscatory tax rates on non-family-business inheritances. Over
time, you might breed out some of the greed characteristics.

Will it hurt society? You mean, more than greed has the last decade?
:?)


I used to think mandatory sterilization for all politicians might be a
could idea. In a couple of generations, we might be able to remove that
defective gene from the pool. Maybe expanding the program to include
Wall Street might work. ;-)



Well, we need to at least start up a national dialogue on the evils of
greed and the need to have a different focus for determine success in life.

Speaking of greed antidotes, I bought a coffee this morning after
running an errand, and as I was pocketing the change, I felt there was
something "odd" about the coins. Sure enough, my change from the two
dollars I handed in included a quarter and two one dollar coins. Damned
dollar coins are only a "rim" bigger than a quarter. So I swapped them
back to the cashier for two quarters, which is what she should have
given me. Don't blame her, though...lots of customers in line and no
time to look too closely. Tbhe dollar coins should have been minted much
larger than quarters.


Don White February 17th 09 04:18 PM

Hello France..
 

"HK" wrote in message
...
thunder wrote:
On Tue, 17 Feb 2009 08:22:08 -0500, HK wrote:


Hang anyone earning more than $500,000 a year in any endeavor that does
not prolong life or prevent serious illness. Limit those people to no
more than $1,000,000 a year. Confiscatory income tax rates. No deferred
income. Confiscatory tax rates on non-family-business inheritances. Over
time, you might breed out some of the greed characteristics.

Will it hurt society? You mean, more than greed has the last decade? :?)


I used to think mandatory sterilization for all politicians might be a
could idea. In a couple of generations, we might be able to remove that
defective gene from the pool. Maybe expanding the program to include
Wall Street might work. ;-)



Well, we need to at least start up a national dialogue on the evils of
greed and the need to have a different focus for determine success in
life.

Speaking of greed antidotes, I bought a coffee this morning after running
an errand, and as I was pocketing the change, I felt there was something
"odd" about the coins. Sure enough, my change from the two dollars I
handed in included a quarter and two one dollar coins. Damned dollar coins
are only a "rim" bigger than a quarter. So I swapped them back to the
cashier for two quarters, which is what she should have given me. Don't
blame her, though...lots of customers in line and no time to look too
closely. Tbhe dollar coins should have been minted much larger than
quarters.


All your mint people had to do was look at our Loonie...much bigger and a
different colour from our 25 cent piece.
http://www.mint.ca/store/coin/specim...009-prod530016



HK February 17th 09 04:45 PM

Hello France..
 
Don White wrote:
"HK" wrote in message
...
thunder wrote:
On Tue, 17 Feb 2009 08:22:08 -0500, HK wrote:


Hang anyone earning more than $500,000 a year in any endeavor that does
not prolong life or prevent serious illness. Limit those people to no
more than $1,000,000 a year. Confiscatory income tax rates. No deferred
income. Confiscatory tax rates on non-family-business inheritances. Over
time, you might breed out some of the greed characteristics.

Will it hurt society? You mean, more than greed has the last decade? :?)
I used to think mandatory sterilization for all politicians might be a
could idea. In a couple of generations, we might be able to remove that
defective gene from the pool. Maybe expanding the program to include
Wall Street might work. ;-)


Well, we need to at least start up a national dialogue on the evils of
greed and the need to have a different focus for determine success in
life.

Speaking of greed antidotes, I bought a coffee this morning after running
an errand, and as I was pocketing the change, I felt there was something
"odd" about the coins. Sure enough, my change from the two dollars I
handed in included a quarter and two one dollar coins. Damned dollar coins
are only a "rim" bigger than a quarter. So I swapped them back to the
cashier for two quarters, which is what she should have given me. Don't
blame her, though...lots of customers in line and no time to look too
closely. Tbhe dollar coins should have been minted much larger than
quarters.


All your mint people had to do was look at our Loonie...much bigger and a
different colour from our 25 cent piece.
http://www.mint.ca/store/coin/specim...009-prod530016



I'd love to have a dollar coin called the Loonie...puts money in a whole
new perspective.


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