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Posted by: theido 1 year, 2 months ago
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Goppy1 year, 2 months ago
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It's different for different people.
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But of course ... that's the prerogative to be greedy.
It only becomes the prerogative of a nation ... when this greed becomes so perverted that they seek to foist support for our Governmental System on others.
Of course, there's nothing more Morally Vacant than elected legislators who enable this abdication of responsibility.
That's why America has turned against the Modern Republican Party ... for this Moral Vacancy.-
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theido1 year, 2 months ago
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"It's different for different people."
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Which means NOTHING. I'm not the one telling people they are greedy, you are. If your gonna call someone greedy, it better be based on something besides your jealousy of them.
Again, give us something of substance. God knows Obama doesn't -
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reasonable11 year, 2 months ago
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I'm not a fan of the Modern Repulican Party either Goppy! I'm also no fan of the Modern Democratic Party. NEITHER are fiscally responsible!! For you to lay it totally at the feet of the Rep. is disingenuous! Do you not acknowledge all of the strange bedfellows who supported the bailout? Bush, Paulson, Pelosi, and 74 members of the Senate. But at least they added a ton of pork to it. That always helps....it is disgusting!
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rimbaud1 year, 2 months ago
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When your wealth comes from taking the risk of investing, rather than from your own labor, you are welcome to the easy profits in good times and, in bad times, the government (we, the taxpayers) will guarantee that your losses will not force you to labor for your wealth: we need your capital so we can loan the money to those who create jobs for others: usually immigrant small business owners.
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rimbaud1 year, 2 months ago
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My generation, the coddled baby-boomers (Paulson's and George w Bush's generation) liked the easy money that came from investing on Wall Steet. But, since the year 2000, there has been little easy money to be made in stocks: so, Wall Street moved from stocks to real-estate, packaging mortgages to market to us. For those more prudent investors (like those, from other generations, used to waiting for long-term returns), they encouraged the investment in mortgage-backed securities by guaranteeing them with credit default swaps (insurance against loss). It turned out not only were the mortgage-backed securities bad, the investment houses never had the capital to back their credit-default swaps. We were the victims not only of bad accounting by the investment houses, but we were crybabies who wanted investments with guaranteed high returns.
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http://www.nytimes.com/2008/10/17/opinion/17krugma...
Here's an interesting movie (available on DVD): The Unforeseen -
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HannibalBarca1 year, 2 months ago
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theido;
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Years ago I watched Johnny Carson do an interview with David Rockefeller, after a few minutes of small talk, Johnny asked "How much money would it take to keep the average man happy"
David held his thumb and forefinger about an inch apart and said "This much more"
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