I Don't Understand Wall Street

Political Castaway ^ | February 15, 2009 | Hythloday

[Hythloday]

While I love my own brother, I just don’t understand Wall Street.

My brother (an investment banker) and I had a heated conversation on the “bailout” and the bonuses that have been paid to the investment bankers that have utterly failed on Wall Street. And I just don’t understand the argument...

[stylin19a]

I know that. I did says “IF”

[mysterio]

If you get in bed with the government, it’s safe to assume there will be screwing involved. What, they thought there would be no additional scrutiny?

[stylin19a]

I understand that. Pay now or pay later...the banking bailout was a calculated risk. Should it have been done ? I don't know.
the FDIC is underfunded, even after doubling the fees they charge banks....taxpayers are going to end up footing the bill down the road.

Hythloday was pissed at the salaries and bonuses.
Well, with the passage of the welfare bill, no officer can get compensation larger than the POSTUS.

Should be interesting...

[M-cubed]

Dems are trying to act like CEOs caused this crises while exalting Frank and Dodd as the solution. <<

Yup...Now lets see...CRA demanded of banks to LOWER their lending standards.....The bankers said...are u crazy...We'll never get paid back!....That's why we have STANDARDS!....so the Dems say...Don't worry..U can sell those foolish loans to Fannie and Freddie....That gets u off the hook!....Easy huh!
http://www.pottstownmercury.com/articles/2008/10/09/opinion/20157307.txt

So...now what entity is gonna fail??? Surly not Freddie or Fannie says the Dems
http://www.youtube.com/watch?v=_MGT_cSi7Rs

So here we are...and not ONE republican dare expose the truth....

and while I'm at it.....How come, after cooking the books and getting everyone a BONUS based on those very same cooked books , Franklin Raines is not in jail???

[Mr. Jeeves]

Nobody wants to hear that, because it means the only solution is armed insurrection against people who control 99% of the world's military and police power.

Much better to pretend it's all the fault of Democrats or Republicans. ;)

[gost2]

Yeah, I’ve found a whole new respect for the French Revolution. We didn’t need to go that route because once we showed the Brits they couldn’t afford to own and control us (the colonies) we were free men indeed.

The French needed to remove their oppressors and do it thoroughly. They did a pretty good job. I’m studying for future reference.

[gost2]

Yeah, they’d rather listen to a guy on the radio who makes 50 mil a year lecture them on class envy and the American way.

Wake up people. You have just been enslaved.