rigs, What is the entertainment industry and pop culture other that very large businesses?
On Sep 16, 4:05 am, rigsy03 <[EMAIL PROTECTED]> wrote: > The super-rich should remember the French Revolution!//What about all > the borrowers who lied/inflated their income to lenders and lived > beyond their means?//What about the USA entertainment industry and > popular culture that has promoted an irresponsible life stye, > situational ethics, etc. for 50 years?// Big difference between > Liberty and Libertine!!! > > On Sep 15, 9:47 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > They are not smart at all, sneaky, shifty, but not smart. They pumped > > all this borrowed money into real estate, creating a bubble, (over > > inflating prices) banking on the fact that as long as housing prices > > climbed debt is covered. They didn't think any harder than that. They > > make their money, they get paid and the debts are packaged into > > bundles and sold off, (making more money off the same sale, very > > dodgey in itself) getting any problems out of their hair. But of > > course that doesn't work in practice as wages have to climb at similar > > rate to service debt, which they don't. Debt is always a claim on > > income > > > Since last August when the markets went into convulsions, hundreds of > > thousands of jobs have been lost, hours cut back, and wages cut. > > People started defaulting that were already struggling starting the > > vicious cycle of more job losses meaning more defaults which brings > > down the price of real estate exposing the banks because their > > collateral no longer covers the amount of money they have loaned out > > and worse still, no one can value the packages that have been sold off > > because they are an accumulation of good and bad deals, mainly bad, > > who know what they are worth? Nobody. That why they don't know how bad > > this can get, because not all the banks etc have come clean with how > > many of these packages they have on their books for fear other banks > > won't lend to them. The origin of the credit crunch. Banks aren't > > leading to each other freezing up funds. > > > As for catching up with the super rich, that rarely happens. Not a > > word has been mentioned about a serious investigation into those that > > have made billions from parasitic business practices, they protect > > their private wealth whether the company goes under or not, they > > indemnify themselves against any losses. Jail sentences and fines are > > handed down occasionally as a public relations exercise--the big fish > > pay too--as in Enron. > > > Government and business do work together in their own common > > interests, that has to be understood. Lobbyists, bribes, payoffs are a > > part of the political landscape. > > > On Sep 16, 12:08 pm, rigsy03 <[EMAIL PROTECTED]> wrote:> Then why are such > > smart investment bankers going broke?// The > > > consumers will pull back- businesses will suffer- employees laid off- > > > etc. This cycle always catches up to the super-rich eventually. > > > > On Sep 15, 8:52 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > Cohesion and lies are used by unscrupulous dealers all of the time to > > > > fool the naive and unwary so they can collect their commissions and be > > > > on their way. It doesn't matter whether the customer can meet their > > > > obligations or not, they don't care, they have made a sale. they don't > > > > care if people are. Many people use the credit cards to by their > > > > groceries because they are struggling. Don't forget that 40% has only > > > > a 0.2% share of total wealth, and its not because 40% of the > > > > population are loafers. The US is a consumer society, 2/3rds of > > > > domestic growth is the result of spending. If the people stop buying > > > > and borrowing, whether than can afford it or not, the system breaks > > > > down. > > > > > On Sep 16, 11:40 am, rigsy03 <[EMAIL PROTECTED]> wrote: > > > > > > Consumer personal debt should be on your list. Don't blame bankers, > > > > > brokers and credit card companies for consumer greed and ostentation. > > > > > > On Sep 15, 7:12 pm, ChattyDaisy <[EMAIL PROTECTED]> wrote: > > > > > > > I agree; every USA citizen should have the honor to vote. > > > > > > > That being said, let's discuss some of the real issues; the economy, > > > > > > the war debt, the lack of respect from our allies, the almost 5000 > > > > > > troops dead yet still no capture of Bin Laden... > > > > > > > The subprime mortgage disaster, combined with the $10 billion per > > > > > > day > > > > > > we borrow from Korea and China for the "Iraq War" and I use that > > > > > > term > > > > > > lightly, are adding to our mounting pile of financial problems. > > > > > > Before > > > > > > any Middle Eastern country has a chance to destroy us, when Korea > > > > > > and > > > > > > China come to collect what we can never pay back, that's when the > > > > > > real > > > > > > trouble will start. Which Asian flag would you prefer to hang next > > > > > > to > > > > > > the White House? How about when Korea and China let loose the > > > > > > billions > > > > > > of US dollars in cash they've hoarded back into the market and > > > > > > instead > > > > > > of it taking a US $1.50 to get back 75 cents of a Euro, we'll be in > > > > > > ration-type WWII trouble and some predicit worse. I don't like > > > > > > camping > > > > > > out in the street, or anyplace else. > > > > > > > Truth be told, if the Republicans presented a Reagan-like Candidate > > > > > > everyone could have been happy. I live in Southern California and > > > > > > heard Ron roll over in his grave when Palin gave her speech. Now we > > > > > > need to unite and do the right thing by voting for the Democratic > > > > > > Candidate who will pull us out of this mess by sheer determination > > > > > > and > > > > > > pride. I'd like to hold my head up again in Europe and other > > > > > > countries. I'd like to pay taxes that go towards the USA and OUR > > > > > > problems, not another country. It's time to get real. Can we all > > > > > > just > > > > > > get real? > > > > > > > Regards, > > > > > > Daisy > > > > > > > On Sep 15, 2:25 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > Bush tried, several times... > > > > > > > > It was the DEMOCRATS in Congress that stopped anything from being > > > > > > > done > > > > > > > about it. > > > > > > > > Try to get you facts straight PA. > > > > > > > > Your Femi-Nazi Lies will do you no good. > > > > > > > > On Sep 15, 2:23 pm, PoliticalAmazon <[EMAIL PROTECTED]> wrote: > > > > > > > > > Frank, I disagree. It is this U.S. backed mortgage fraud that > > > > > > > > has > > > > > > > > destabilized first the U.S.'s economy, and now it is spreading > > > > > > > > internationally. It was Bush Jr's job to put a stop to it, but > > > > > > > > he > > > > > > > > didn't. Just like he could have stopped 9/11 but instead did > > > > > > > > nothing. > > > > > > > > > ------ > > > > > > > > > On Sep 15, 2:02 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > > As much as I despise the GOP they are not responsible for > > > > > > > > > what is part > > > > > > > > > of a world economic downturn. They are responsible for the > > > > > > > > > parasitic > > > > > > > > > lending practices and the degree to which this crisis has > > > > > > > > > been thrust > > > > > > > > > upon ordinary workers. They certain are a reprehensible cabal > > > > > > > > > of > > > > > > > > > thieves and thugs > > > > > > > > > > On Sep 16, 6:22 am, PoliticalAmazon <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > Thank you Bush Jr, the Republican Party, and it's inept > > > > > > > > > > voters for > > > > > > > > > > destroying our economy. > > > > > > > > > > > The sound-byte stupidity of many GOP voters have not > > > > > > > > > > learned from > > > > > > > > > > their past mistakes, and now are set to vote for a totally > > > > > > > > > > unqualified, self-serving, fiscally wasteful full-retard, > > > > > > > > > > Sarah Palin. > > > > > > > > > > > I really don't think the GOP voters sould be able to vote > > > > > > > > > > this > > > > > > > > > > election. They've proven their votes will destroy our > > > > > > > > > > country. > > > > > > > > > > > ---------- > > > > > > > > > > > On Sep 15, 1:06 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > > U.S. Stocks Tumble, Worst Drop in Six Years ``It's all > > > > > > > > > > > basically going > > > > > > > > > > > down the drain'' > > > > > > > > > > > By Lynn Thomasson and Elizabeth Stanton > > > > > > > > > > > > Sept. 15 (Bloomberg) -- U.S. stocks tumbled, pushing the > > > > > > > > > > > Standard & > > > > > > > > > > > Poor's 500 Index to the steepest drop since September > > > > > > > > > > > 2002, as Lehman > > > > > > > > > > > Brothers Holdings Inc.'s bankruptcy and declining > > > > > > > > > > > commodities > > > > > > > > > > > increased speculation the slump in financial markets and > > > > > > > > > > > the economy > > > > > > > > > > > will deepen. > > > > > > > > > > > > Lehman plunged 95 percent and American International > > > > > > > > > > > Group Inc. sank > > > > > > > > > > > 51 percent after more than $25 billion in losses from > > > > > > > > > > > subprime-related > > > > > > > > > > > investments in the last four quarters made with mostly > > > > > > > > > > > borrowed money. > > > > > > > > > > > Economic concerns pushed down oil, prompting a drop in > > > > > > > > > > > energy stocks, > > > > > > > > > > > and sent General Electric Co. to a 7.4 percent retreat. > > > > > > > > > > > Stocks erased > > > > > > > > > > > about half a trillion dollars as financial shares in the > > > > > > > > > > > S&P 500 > > > > > > > > > > > decreased the most since at least 1989, according to data > > > > > > > > > > > compiled by > > > > > > > > > > > Bloomberg. > > > > > > > > > > > > ``Fear is in charge,'' said Henry Herrmann, president and > > > > > > > > > > > chief > > > > > > > > > > > executive officer of Waddell & Reed Financial Inc. in > > > > > > > > > > > Overland Park, > > > > > > > > > > > Kansas, which manages $70 billion. ``This blows another > > > > > > > > > > > hole in the > > > > > > > > > > > banking system's ability to extend credit.'' > > > > > > > > > > > > The S&P 500 declined 47.60 points, or 3.8 percent, to > > > > > > > > > > > 1,204.10 at 3:49 > > > > > > > > > > > p.m. in New York, the lowest level since November 2005. > > > > > > > > > > > Its retreat > > > > > > > > > > > was the biggest in six years, when shares tumbled in the > > > > > > > > > > > wake of > > > > > > > > > > > WorldCom Inc.'s bankruptcy. The Dow Jones Industrial > > > > > > > > > > > Average tumbled > > > > > > > > > > > 408.57, or 3.6 percent, to 11,013.42. The dollar weakened > > > > > > > > > > > the most > > > > > > > > > > > against the yen since August 2007 and Treasuries surged. > > > > > > > > > > > > More than 16 stocks slipped for each that > > ... > > read more »- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
