What's this "you" stuff kimosabe?
It was the market that cause the failures
- Thread starter Gary Allan
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Originally Posted By: buster
http://www.youtube.com/watch?v=H5tZc8oH--o
Don't need the music but the truth is there.
http://www.youtube.com/watch?v=H5tZc8oH--o
Don't need the music but the truth is there.
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Originally Posted By: Pablo
What's this "you" stuff kimosabe?
Hey, pal, I wasn't caught flatfooted ..I was already in the subbasement with no stairway or ladder up. I had ABSOLUTELY no delusions of the game that was being played and absolutely had no doubt of the ultimate crash.
Now I'm surely wondering why I'm asked to put good money after bad when the same people took that "gain" and squandered it like a "lower dwelling" common consumer and laid it all to waste.
"Let's give them more credit. If we don't, that would be unfair"
Just look at Wall St. and the investing world as the same jerks that believed something that was too good to be true.
TOO BAD
What's this "you" stuff kimosabe?
Hey, pal, I wasn't caught flatfooted ..I was already in the subbasement with no stairway or ladder up. I had ABSOLUTELY no delusions of the game that was being played and absolutely had no doubt of the ultimate crash.
Now I'm surely wondering why I'm asked to put good money after bad when the same people took that "gain" and squandered it like a "lower dwelling" common consumer and laid it all to waste.
"Let's give them more credit. If we don't, that would be unfair"
Just look at Wall St. and the investing world as the same jerks that believed something that was too good to be true.
TOO BAD
Well OK, your wife will have to pay more taxes. So be it.
Who here was caught "flat footed"? I certainly wasn't. I don't think many others....
Who here was caught "flat footed"? I certainly wasn't. I don't think many others....
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Originally Posted By: Pablo
Well OK, your wife will have to pay more taxes. So be it.
Who here was caught "flat footed"? I certainly wasn't. I don't think many others....
So ..you saw it for the scam that it was and profited off of it? Played the tune for what it was worth??
Good AMERICAN CITIZEN!! Proud of you, my boy!!
Well OK, your wife will have to pay more taxes. So be it.
Who here was caught "flat footed"? I certainly wasn't. I don't think many others....
So ..you saw it for the scam that it was and profited off of it? Played the tune for what it was worth??
Good AMERICAN CITIZEN!! Proud of you, my boy!!
Saw CRA as a scam and profited on it? No. Certainly not.
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let's have a game of dodge ball...
Originally Posted By: Gary Allan
let's have a game of dodge ball...
Well ain't that the truth. The guys that caused it have the "fix". Man you can't script comedy like that - Shakespeare to Groucho - they got us covered. Duck!
let's have a game of dodge ball...
Well ain't that the truth. The guys that caused it have the "fix". Man you can't script comedy like that - Shakespeare to Groucho - they got us covered. Duck!
I agree the CRA is the root cause of this, but as a result of rampant deregulation of derivative securities/creation of the credit default swap, big wig investors and heads of investment banks peddled the risk of bad debt away from themselves into their institutions and on to small shareholders, and made billions. ie. The management of the big investment banks and their bigtime clients bought the CDOs, while the investment banks sold default swaps on the very same CDOs, passing the risk straight to the little guys. And all of this was done off balance sheets.
I could name one particular name, a Republican, who single handedly spearheaded the legislation, but since he's a Republican, this thread would then get deleted.
I could name one particular name, a Republican, who single handedly spearheaded the legislation, but since he's a Republican, this thread would then get deleted.
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Originally Posted By: Pablo
Saw CRA as a scam and profited on it? No. Certainly not.
Dood ..every stock that gained ..every quarterly report that came in "on target" ..anything ...was existing inside a "false bubble" that was 99% funded by a vapor housing economy. Home equity to new housing starts. The other 1% went to deficit spending and mostly landed in a few hands (WINK:WINK) (these are fictitious %'s just for "the point").
If you merely lost less than the mean ..you were a very active beneficiary of the scam.
Saw CRA as a scam and profited on it? No. Certainly not.
Dood ..every stock that gained ..every quarterly report that came in "on target" ..anything ...was existing inside a "false bubble" that was 99% funded by a vapor housing economy. Home equity to new housing starts. The other 1% went to deficit spending and mostly landed in a few hands (WINK:WINK) (these are fictitious %'s just for "the point").
If you merely lost less than the mean ..you were a very active beneficiary of the scam.
Originally Posted By: Gary Allan
Originally Posted By: Pablo
Saw CRA as a scam and profited on it? No. Certainly not.
Dood ..every stock that gained ..every quarterly report that came in "on target" ..anything ...was existing inside a "false bubble" that was 99% funded by a vapor housing economy.
Man you are full of it. EVERY stock. Sure OK. Whatever.
Originally Posted By: Pablo
Saw CRA as a scam and profited on it? No. Certainly not.
Dood ..every stock that gained ..every quarterly report that came in "on target" ..anything ...was existing inside a "false bubble" that was 99% funded by a vapor housing economy.
Man you are full of it. EVERY stock. Sure OK. Whatever.
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Well, what stocks aren't going to be rocked when the scam falls apart if the bail out just didn't occur? Seems to reason that if the false economy was produced by fake money ...and everything is going to crash to a halt without more fake money ..that the fake money produced the gains ....fake or otherwise.
Care to explain how it is otherwise?
Now those strictly into MIC stocks can offer that their gains were financed with real money produced out of future debt service.
Care to explain how it is otherwise?
Now those strictly into MIC stocks can offer that their gains were financed with real money produced out of future debt service.
Gary - you just moved the discussion. Of course when a large sector of the market tanks, it creates a lot of...emotion. But that is NOT what you said above. Not every stock went up because of the housing bubble. Get a grip.
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No ..surely not. The rest was with para funny money ..debt.
Where else did it come from? Just what industry or sector has posted gains that isn't fundamentally tied to John Q. Consumer spending money?
When you're leading economic indicator becomes the fundamental force in your economy ...what do you expect?
Where else did it come from? Just what industry or sector has posted gains that isn't fundamentally tied to John Q. Consumer spending money?
When you're leading economic indicator becomes the fundamental force in your economy ...what do you expect?
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your leading economic indicator
Now I understand that "the market" isn't necessarily tied/locked to consumer spending ..but where the money is placed is surely altered by how the economy is doing. If you see gains that aren't really there in market share of a false market ...
Suppose they come out with a new senior citizen drug and medicare gets abolished? Just what is going to be the worth of the drug company that's no longer got an assured pay off and a way into producer's pockets??
Now I understand that "the market" isn't necessarily tied/locked to consumer spending ..but where the money is placed is surely altered by how the economy is doing. If you see gains that aren't really there in market share of a false market ...
Suppose they come out with a new senior citizen drug and medicare gets abolished? Just what is going to be the worth of the drug company that's no longer got an assured pay off and a way into producer's pockets??
Just because a market is growing or percolating along, from bike parts to tazatwidgets to hurlochean foot massages does not mean such market is a "false" market or fake demand. The government creates nothing, and really adds nothing - sure they have the printing presses, but in earlier fine times our trusty government puked up a bubble, by hook and or crook, it being a good little bubble had the best of intentions, and stayed low for a good while. It took just the right circumstances to make it grow nice and fat drippingly juicy.....but sales of stuff grew along with, stuff which I suspect would have grown regardless of a "housing bubble".
Now you only have three choices:
A) Choice #1
B) Choice #2
C) Choice #3
Listen to words closely. May the farce be with you!
We will survive!
Now you only have three choices:
A) Choice #1
B) Choice #2
C) Choice #3
Listen to words closely. May the farce be with you!
We will survive!
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Maybe it's time to vent some gas and blame the dog.
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