Posted on 09/21/2008 9:30:07 AM PDT by Sig Sauer P220
It's a rare day when finance officials, leftist intellectuals and ordinary salespeople can agree on something. But the economic meltdown that wrought its wrath from Rome to Madrid to Berlin this week brought Europeans together in a harsh chorus of condemnation of the excess and disarray on Wall Street.
(Excerpt) Read more at latimes.com ...
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Their own bubbles are popping too, they just don’t see it yet (except UK where it’s becoming more obvious daily).
We simply laugh at them and their silly little euro.
Their own bubbles are popping too, they just don’t see it yet (except UK where it’s becoming more obvious daily).
The spectacle across the ocean has left a lasting impression on many Europeans. Hanna Evers of Berlin, a cellphone retailer interviewed in the shopping district of Wilmersdorfer Street, said she was angry about the amount of money that had been "burned" in recent days."And I'm furious when I see the pictures of Americans who thought they were on the sunny side of life and now have lost their homes and have to live in their cars," Evers said. "I definitely do not feel sorry for the bankers who lost their jobs in the last couple of days. I can't believe that a country like the U.S.A. could have been so careless on a money issue!" "I was taught that the U.S.A. is the motherland of moneymaking," she added. "And now all I can see is a herd of headless chickens running around on Wall Street."
That’s fine. We will do our best to keep a straight face when we watch as you $h!t your britches when the Russians behave badly. He who is laughed at, laughs last.
Yes, yes, it’s always somebody else’s fault. Socialist Europe with its cradle-to-grave welfare system and its imploding demographics has nothing to worry about. All America’s fault.
Everyone tends to blame the Fed—and it is the elephant in the living room—but virtually ALL the central banks have contributed to this mess, with the possible exception of Switzerland.
These guys remind me of all those emails Sinclair was getting last week. “Why did you make me do it? Why did you make me go on margin? Why did you make me do something stupid?”
Well, actually, the whole world has been working on building up this stupidity for some time.
Well as long as the foreign banks that we’re bailing out don’t belong to these pukes....
What a maroon
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
America will come out of this crisis just fine. It’s times like this where Gordon Sinclair’s “The Americans” makes awfully good listening.
I guess Germans have never heard of an apartment
Quite as Euro mosques swell, and the churches empty out...
Having themselves a joy-gasm. They love us when we’re down. Unfortunately, this is far too big to affect just us.
We’ll be getting back on our feet soon enough, but they...
Look what the downturn did to Russian markets
They've always been envious of American capitalism and are quick to judge the greatest country on earth! What else is new?
The current crop of idiots and crooks on Wall Street are not the sole embodiment of "America" and they are not the sole embodiment of "American capitalism".
The idiots and the crooks on Wall Street are only a segment of America as a whole and only a segment of American capitalism as a whole and they were, indeed, wallowing in excess and disarray for the past several years. As a result, the rest of us small business owners in American capitalism have had our investment portfolios body-slammed even if we did not engage in the Housing Bubble/ Credit Bubble idiocy.
The Europeans are are right about this even though it may be due to the Stopped Clock Rule.
My own "chorus of condemnation" in regards to Wall Street's Housing Bubble/ Credit Bubble idiocy is not "quick". It has been going on since at least 2005. The Europeans are late to the party.
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49 posted on Wednesday, June 22, 2005 2:28:10 PM by Polybius
Compared to European nations, that which is unique in America is the immense power Constitutionally residing in the House and Senate.
Added to that is an unwritten power (exploited primarily by Democrats) that allows House and Senate members to remain in Congress so long as voters keep them there — no matter how corrupt they might be.
One answer lies in term limits.
Well, most Germans live in apartments and many have no chance of ever living in a house because they cannot afford it, thanks to socialism.
At least they dont have to live in the Mercedes L0L ;)
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