BoatBanter.com
Page 6 of 21 12345 6 7891011121316 Last »
Show 40 post(s) from this thread on one page

BoatBanter.com (https://www.boatbanter.com/)
-   General (https://www.boatbanter.com/general/)
-   -   economist blames wall street for collapse (https://www.boatbanter.com/general/115361-economist-blames-wall-street-collapse.html)

BAR[_2_] May 9th 10 06:46 PM
economist blames wall street for collapse
 
In article ,
says...

"bpuharic" wrote in message
...
On Sun, 09 May 2010 11:40:05 -0400, wrote:

On Sun, 09 May 2010 10:19:26 -0400, bpuharic wrote:

Tell me where the unions invest their pension funds? Mattresses? Tin
cans buried in the back yard? Stuffed in boxes in basements?

there are no unions in the US.

Certainly there are, they cover teachers,

7% of american workers are covered by unions. there are no unions in
the US. as the 'economist' magazine pointed out last month, the US has
the most anti-union work environment of 30 industrialized countries


And that is a good thing.

Since 1950 the unions have succeded in two areas, corruption and killing
jobs.

bpuharic May 9th 10 07:38 PM
economist blames wall street for collapse
 
On Sun, 09 May 2010 13:10:32 -0400, wrote:

On Sun, 09 May 2010 12:29:37 -0400, bpuharic wrote:

On Sun, 09 May 2010 11:30:35 -0400, wrote:



BP doesn't actually play the market. He has told us that many times.
He has put all of his trust into one fund manager, the one that holds
his crumbling 401k.

guess he doesn't know what happened to the other 100,000,000 americans
who shared the same fate as i did.

the right thinks the middle class has tons of money. we don't. in
fact, over 50% of americans have less than 10K in their 401k's.

If you have only saved $10k how bad could you be hurt?

ROFLMAO!! i work ALL MY LIFE...save like a *******...

the right looks at this in 2 ways: both of which blame the middle
class

1. if you save ALOT then get screwed it's your fault because, in
addition to WORKING, you should spend ALL of your time watching your
stocks

2. if you save little, it's YOUR FAULT because you should have saved
more

dont you love it!


but the right ignores the middle class. they think only the rich
deserve any benefits at all

We have already established that you are making more money than me,
just not more solvent.

and i havent had a pay increase in 10 years. nor have the other 100M
americans in the middle class

bpuharic May 9th 10 07:39 PM
economist blames wall street for collapse
 
On Sun, 9 May 2010 13:34:50 -0400, "D.Duck" wrote:


"bpuharic" wrote in message
.. .
On Sun, 09 May 2010 11:40:05 -0400, wrote:

On Sun, 09 May 2010 10:19:26 -0400, bpuharic wrote:

Tell me where the unions invest their pension funds? Mattresses? Tin
cans buried in the back yard? Stuffed in boxes in basements?

there are no unions in the US.

Certainly there are, they cover teachers,

7% of american workers are covered by unions. there are no unions in
the US. as the 'economist' magazine pointed out last month, the US has
the most anti-union work environment of 30 industrialized countries


And that is a good thing.

no doubt the right thinks it is.

it's why the middle class hasnt had a pay increase in 10 years

and that's a good thing, right?

bpuharic May 9th 10 07:40 PM
economist blames wall street for collapse
 
On Sun, 9 May 2010 13:46:11 -0400, BAR wrote:

In article ,
says...

"bpuharic" wrote in message
...
On Sun, 09 May 2010 11:40:05 -0400, wrote:

On Sun, 09 May 2010 10:19:26 -0400, bpuharic wrote:

Tell me where the unions invest their pension funds? Mattresses? Tin
cans buried in the back yard? Stuffed in boxes in basements?

there are no unions in the US.

Certainly there are, they cover teachers,

7% of american workers are covered by unions. there are no unions in
the US. as the 'economist' magazine pointed out last month, the US has
the most anti-union work environment of 30 industrialized countries


And that is a good thing.

Since 1950 the unions have succeded in two areas, corruption and killing
jobs.

and how did wall street do in the last 3 years? number of jobs
created? none.

pay increases to the middle class? none

unemployment? 8,000,000 jobs lost

thanks wall street!

bpuharic May 9th 10 07:41 PM
economist blames wall street for collapse
 
On Sun, 09 May 2010 13:50:55 -0400, wrote:

On Sun, 9 May 2010 13:34:50 -0400, "D.Duck" wrote:

7% of american workers are covered by unions. there are no unions in
the US. as the 'economist' magazine pointed out last month, the US has
the most anti-union work environment of 30 industrialized countries


And that is a good thing.

The unions largely just priced themselves out of the market for any
job that could be exported. That is why the only unions that survive
nationally are government unions.

uh no. if that were the case then the germans would be in worse shape
than we are. 80% of their economy is export related, and their level
of unionization is FAR greater than ours.

more right wing bull****

bpuharic May 9th 10 07:42 PM
economist blames wall street for collapse
 
On Sun, 09 May 2010 13:14:04 -0400, wrote:

On Sun, 09 May 2010 12:34:03 -0400, bpuharic wrote:

notice he thinks 100,000,000 americans should spend all their time
sitting on their asses watching their stocks instead of raisin their
kids, building their communities, etc...

It should take you about an hour a week to manage investments. If your
financial security is not as important as watching Survivor on TV, you
are cheating your family.


gee. guess you havent heard that 100M americans are in the same shape
i am

a LOGICAL person would assume that some common cause was responsible.
after all, if 100M people were affected by a tsunami, would you blame
the dead?

if you're right wing, you would

bpuharic May 9th 10 07:43 PM
economist blames wall street for collapse
 
On Sun, 09 May 2010 13:16:23 -0400, wrote:

On Sun, 09 May 2010 12:35:44 -0400, bpuharic wrote:

On Sun, 09 May 2010 11:36:45 -0400, wrote:

On Sun, 09 May 2010 10:18:09 -0400, bpuharic wrote:


the difference is that wall street is run by rich white guys.

obama's black.


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.


Obama is a rich black guy, what;s your point?

irrelevant. that's another reason you hate him. an uppity black
guy...can't stand it, huh?

bpuharic May 9th 10 07:45 PM
economist blames wall street for collapse
 
On Sun, 09 May 2010 13:26:37 -0400, wrote:

On Sun, 09 May 2010 12:40:36 -0400, bpuharic wrote:

Wall street prices are just the illusion of money.

really? ever sell any stock?


Yes, just last week and because of that I was part of the run on the
market that crashed the value of those stocks.

The fact remains that stock prices are based on what people are
buying, when they sell that "value" quickly disappears.

If there are a million shares of a stock that is selling for a buck
each you could say there was a million dollars worth of value out
there but if somebody actually tried to cash in more than a small
percentage of that stock it would quickly be a 50 cent stock.
In that regard the value is just an illusion.

hmm...it seems you dont know WHY companies are even ON wall street.
they are there for capitalization....looking for money to invest in
their companies. if wall street drops by a trillion, their
equty...their ability to raise money...drops by a trillion

All you have to do is look at a stock like Pets.Com to see that.
That was Clinton's bubble. In 2000 it looked like the economy was
booming but within a few months that booming stock market crashed when
people actually tried to cash in on that boom. The Nasdaq went from
6000 to 2000 in 12 months (Jan 2000 - Jan 2001). That was a crash you
can't blame on Bush.


that's OK. i can blame him for the one we're in now

bpuharic May 9th 10 07:46 PM
economist blames wall street for collapse
 
On Sun, 09 May 2010 13:28:59 -0400, wrote:

On Sun, 09 May 2010 12:42:16 -0400, bpuharic wrote:

by the way...what's the rate of inflation nowadays?

oh. there isn't any.


Bought any oil based products lately? (everything is oil based) There
is certainly inflation going on. The fed is just ignoring it and
borrowing to hide it by printing money.

really? got any proof?

or is the only proof you need listening to limballs?

bpuharic May 9th 10 07:49 PM
economist blames wall street for collapse
 
On Sun, 09 May 2010 13:33:13 -0400, wrote:

On Sun, 09 May 2010 12:43:06 -0400, bpuharic wrote:


BP usually limits this rant to the CDOs and there is no equity
position in them.

do you know what the value of CDO's was in 2006? care to look it up?


The value was zero, the price may have been high but we now know they
were worthless ... until the government threw tax dollars at them to
give them value.

ROFLMAO!! of COURSE THEY ARE WORTHLESS YOU MORON!! that's why we're in
a DEPRESSION

in 1996 CDO's were worth 1 trillion dollars

10 years later they were worth SIXTY TWO TRILLION DOLLARS.

and yet the right wing blames the middle class for wall street greed!

all you have to do is look at the numbers...but the right doesn't DO
this because they'd rather blame working folks



yeah, i bitch about CDO's. because unlike you, i know how leveraged
they were.


"leverage" is not a valid term when there were no real assets at all.
These were just side bets on leveraged securities with no direct
collateralized connection.

exactly the ****ing point you moron. wall street sold these things
like they were $10 whores. and when they went to 62 TRILLION,
investment houses said 'hey, we made our money, but we were just
joking'...

now let main street clean up the mess

but the right still blamed main street


All times are GMT +1. The time now is 07:13 AM.
Page 6 of 21 12345 6 7891011121316 Last »
Show 40 post(s) from this thread on one page

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com