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-   -   Germany and Iceland are next? (https://www.subsim.com/radioroom/showthread.php?t=142869)

Skybird 10-08-08 05:17 AM

Quote:

Originally Posted by Tchocky
Quote:

Originally Posted by Skybird
Spreading the risk for foul credits away from one' bank/employer, and over all the world - that is the crime.

THat is no crime under any law. It is certainly irresponsible, given the hindsight of a housing bubble, but it is not a crime.
As I've said before, unless we are to retroactively decide that making money is a crime, then nobody will go to jail.

Then make it a law. A too far-leading lack of regulation obviously does not work, it has made possible and even encouraged the mess we have now.

Making your own profit at the cost of others, from a certain point on is a crime in my book. This kind of greed and brutal selfishness now millions of workers and families have to pay for, and threatens to declare whole states bancrupt (Iceland being the first), and tghrow whole national economies into the abyss. A system that allows that, is seriously flawed. Egoism of the individual needs limits, and if the invidual does not see that, then it must be forced to comply with that, no matter if it understands that or not. From some point on, it simply is enough.

As long as you do not live alone on this planet, there sijmply is no such thing like unlimited freedom. Unlimited egoism leads to unlimited greed and brutality, and a mximum of disinterest for others. I do not accept that, and I will never accept that. I wonder why we were born as human being with intelligence and the ability to be self-reflexive if we propagate a society in which everybody behaves like a T-Rex, all mankind is divided just into millionaires and waste-collectors and whoever cannot compete witz this murderous madness anymore is mercylessly left behind to die. Even in quite some mammal species, from dolphoins to big apes, you can see more caretaking and social empathy for for example a dying member of a group, or a wounded, than what is to be seen in this social-darwinistic ideology of total disregulation.

If anything, we humans have the potential and ability not to be left at the mercy of self-emerging dynamics of such systems anymore, but to influence them so that we can live a better life, and not just the millionaires living by the dish-washer's work. To reject this ability and go back to total dyregulation as if we were a band of ancient apes living in a desert 50000 yars before the homo sapiens showed up, is not a progress, but a step back into our dark history.

August 10-08-08 07:36 AM

Not to interrupt Skybirds gleeful contemplation of the death and suffering of fellow human beings, but the urban legend of stock brokers jumping out of windows is just not true.

It comes from a Will Rogers quote: "When Wall Street took that tail spin, you had to stand in line to get a window to jump out of, and speculators were selling space for bodies in the East River."

That's called sarcastic wit, not historical fact.

Zayphod 10-08-08 10:49 AM

Quote:

Originally Posted by Skybird
When I hear such news, then I have an appetite for murder on my mind.

http://www.nytimes.com/2008/10/07/bu...hp&oref=slogin

Damn crimical scum.

Quote:

Even as the investment bank Lehman Brothers pleaded for a federal bailout to save it from bankruptcy protection, it approved millions of dollars in bonuses for departing executives, a Congressional committee was told Monday.
Line them up in a row and shoot them - they will never learn, their greed will always be murderous, and they will never know what is right and what is wrong. They are like cancer in the bones - such bones won't hold anything together, but kill it.

That sort of thing will only happen once the world declares me "Overlord of the Planet".
I'll make sure they're the first up against the wall.

You, of course, shall be spared. :arrgh!:

I approved of this message. :sunny:

Flamingboat 10-08-08 12:07 PM

Quote:

Originally Posted by Hitman
What exactly are the authorities in the US waiting to start a criminal procedure against the Bank administrators?

They don't investigate themselves. Just like no one investigated the huge airline stock selloffs that happened right before 9-11.

Fish 10-08-08 02:11 PM

Oops, escaped from the Icesave bank. I was seriously thinking of tranfering my savings to that bank. They had a high interest.
But now they are broke, and since Iceland is not in the EU, no guaranty from our state bank.
A lot of people here and in the UK are panicking now.

Dan D 10-08-08 02:46 PM

Quote:

Originally Posted by Fish
Oops, escaped from the Icesave bank. I was seriously thinking of tranfering my savings to that bank. They had a high interest.
But now they are broke, and since Iceland is not in the EU, no guaranty from our state bank.
A lot of people here and in the UK are panicking now.

Good, Fish!

Not so good:
My brother-in-law has paid 20.000 EUR into an instant access saving account in...ICELAND. He now has to see what "instant access" is worth and I bet, he is not the only one.


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