It is the government'S job to release rules for traffic regulation, to rise a police controlling that these rules are obeyed by everybody, to assess risks to the public interest and limit them by according rules like speed limits etc., and to bring to penalty those who do not comply with these rules. I do not buy this nightmare of a free unregulated market America is dreaming off (wrongly dreams off, since it is one of the most regulated and protected economies in thr world ;) ) that is nothing more than a lethal gladiators fight between determined egoists who bring us nothing than monopolism and the unlegitimiated power coming from that once monopoles have been acchieved. Free market mechanism as you demand it just brought us to where we are, because the absence of rules that must be obeyed by everybody is nothing else but anarchy where the law of the jungle rules. And now you demand even more of it...? :huh: It seems the pain still is not big enough for you, then. Well, lets wait a while. The show we currently enjoy will keep on running for a longer time to come, no matter wether we like it or not.

The Golden Rule: He who has the gold, makes the rules.

So what? I'd say it's naive to think that it's otherwise SB. It won't matter a wet slap if ALL of the worlds governments all got together and agreed on "The Rulz". Greed will always find it's way in. Greed and avarice will always corrupt good men, including those whom we empower. Your not going to find a utopian ideal where "rules must be obeyed by everybody". Sorry, too Orwellian for my tastes...

I say, let the law of the jungle prevail! Capitalism is ruthless. I can't think of a single company that went into business to break even or operate at a loss... Companies want to operate in the black... There's little "morality" anymore in business, whether on the part of government or otherwise. Crush the little guy and "grab with both hands and make a stash" to quote Pink Floyd...

this assumes that finance companies' debt won't be picked up by the taxpayer. The entire calculus you describe is distorted when the financial institutions believe there failures are covered.

When they keep their profits, but you pay their losses, excessive risk-taking is to be expected

So you have two choices (other than to accept paying their vast periodic bills for them, and in effect subsidise their wealthy lifestyles and taxpayer expense)

a) Do not underwrite their debts and accept that they may periodically screw up the finance system which could even lead to international financial troubles
b) regulate them, which may reduce some of their profitability in the good days.

The question is which one, the Christian god, the mighty Allah, Krishna of the Hindu or the Great Bear of the Innuit?

Lets not bring religion into this. This has nothing to do with religion nor would religion have stopped this crap. This is simple corporate greed that has been with us since the dawn of man. This is the bank version of ENRON.
Wherever there's huge chunks of cash to be made.. people are going to find ways to exploit it to line their pockets.
I personally think some arrests should be made.... a LOT of arrests.

First off... the world is full of greedy corporate types, and seccondly, we have a culture of stuped, thinking for now and not later corporations AND consumers. That's what got us into this mess. :nope:

The whole bailout thing just REALLY pisses me off. These banks should be held accountable. Not given more cash for their CEO's and the upper echelon guys to line their pockets more because we all know that that's exaclty where this bailout is going to go. Into their pockets and overseas.

Oh ho! I think it is going far worse places than that. It's going into the national debt as well. You might as well just print 700 billion dollars and destroy the currency.

If the banks had to figure a way out of this mess, the loss would not be so great. Some of those high-risk loans could still be bought if the borrowers had good history of payment with their loan. People who did default would have their homes foreclosed and liquidated by the bank, recouping at least some of the loss.

But when the government steps in and assumes liability for all "assets", it directly translates into inflated money supply. Banks limit their inflation of the money supply by balancing assets and liability, and also invest heavily in generally sound venues, thus generating wealth both for the bank and for those they invest in, in the form of company growth and jobs. A little borrowed is offset by a little lent and a wise investment policy. And if they fail, they die. Sucks to be them but whatever.

Government control of these failed companies assets basically transforms all of these near-currency assets into real currency. They might as well print "legal tender for all debt, public and private" on it.

Now we are really fecked because that money makes ours worth less, and there will never be any salvageable loans. Even if they somehow make a profit, they would eat it all up in administration costs or devote it to another program.

One way or another, the execs are going to have golden parachutes, the plutocratic nature of government-heavy business is going to ensure that. But what they steal is a pin***** compared to what the state is about to thrust upon us.

And they'll ultimately be the only ones laughing all the way to the bank. :nope:

My wife ran across this video on MSNBC and I think it sums up very nicely in laymans terms how we got into this mess in the first place.

http://video.msn.com/video.aspx?mkt=...e-ce356526d204

http://www.spiegel.de/international/...579707,00.html

Thank you, but no thanks for that. Reducing that growth rate translates into thousands of jobs going KIA - the according families and workers paying the bill.

Meanwhile, in a small Gallic village resisting the Roman conquerers:

http://www.nytimes.com/2008/09/26/bu...ss&oref=slogin

We also mourn another loss of a comrade in the financial network, Washington Mutual. You were the greatest bank in town, pal. Rest in pieces.

The CEO's should be held accountable for this. They knew full well that they were issuing bogus loans to people who could not afford them. Let those companies fail... of course you have not heard of the Reverend Jackson and his antics to try to strongarm loan houses into providing loans to the "poor". Tough! If the poor cannot afford a loan then they should not have a loan. Solution: Get un-poor!

No it is stupid but thats what there gambling on.

This is what happens when you let outside sources make your dollars and devalue them every time newones are printed.

I'm atheists but I don't need religion to give me values of Honour, Respect and Moral because of a fictitious deities and false beliefs. Politics and religion don't mix and shouldn't be mixed.

The people at the top of a pyramid schemes are in control of the world. Not your governments or military but bankers and related institutions who are a select few who in control of it all. Its their ideas running the world.

What do you expect us to say. That dragons, ghost, goblins and deities walk the earth... If you say so I guess?:hmm: Naw I don't buy it.:rotfl: Sorry Subman.

If you want to blame someone blame yourselves for letting these people control your lives behind the scenes. Passing laws that conflict with your rights. These A-holes making decision that screw everyones lives. They get away with it because we don't do nothing to stop it. So expect hard times. Pick on those who have done the crime not what they believe in, assuming that their religious or not.

So again all this has nothing to do with religion. It has to do with all citizens living in this world and allows it to continue unchecked.

How government works? Official solo purpose is protecting there friends and families. No you or me or anyone else. So they get handouts and bribes etc. They secure there buddies so they all can get rich off the hard working citizen trying to survive.

Now they can't bloat the dollar no more so it popped. Who do you think suffers..?:hmm: We all do except a the few elites.:down:

Its has to do with money and that is power absolutely.

I think we should copy and paste this as the first response to every thread that Subman spams the forum up with just so we can have a reference of which direction he is coming from in practically every subject he brings up. :yep: ;)