:cool: I so aggrree.. Could we have a Ref please..Quote:
Originally Posted by pomtzu
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:cool: I so aggrree.. Could we have a Ref please..Quote:
Originally Posted by pomtzu
Orc? ;)Quote:
I so aggrree.. Could we have a Ref please..
:p Good One Candace.. Ok Orc is going to be the Ref here for now..Quote:
Originally Posted by Catty1
http://i22.photobucket.com/albums/b3...-STAGE_ORC.jpg
I think it's a shame that we should need one in the first place! :eek: IMO of course. :pQuote:
Originally Posted by lvpets2002
:cool: Yup I think children could DeBate better than this.. And just think we are the Adults here & to teach the children how to act.. MMmm whats wrong with this picture.. :rolleyes: Like you said we need to read & see more deeper than the Cover of a Book or Person..Quote:
Originally Posted by pomtzu
Puckstop,
How about we agree to disagree. Fair?? Friends??
Ready for Round 2.........:D
:p Yup let the Mud Slinging Begin.. I see why this chick has shorts on.. :DQuote:
Originally Posted by pomtzu
I agree. AIG knew it was in big trouble long before the rest of us heard about it. Why on earth would they write contracts guarenteeing big bonuses when they knew they were sinking? Can they not spell the word DUMB? :pQuote:
Originally Posted by Edwina's Secretary
Of course, the Bush administration didn't help anything by giving them the first bailout with no restrictions. :rolleyes:
I vote for Pay-per-view Seppuku!
I'd even buy front row tix for that one!
Of course, it would take a while to saw thru all the fat on them bees turds!
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My satisfaction is knowing that they all had become accustomed to a lifestyle that should end real soon.
11 top level managers left AIG overnight. The list of 'goodies' that they made that were to be purchased with their BONUSES/MERIT RAISES is worth about 2 cents or the price of the paper it's written on.
What people do not understand is that they are all panicking trying to figure out how they are going to pay for the maids, kid's college tuition, town cars, vacations, gardeners and spa treatments.
Good, I hope they all find out what the 10 most popular Top Ramen flavors are.
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That's the scariest part about climbing that corporate ladder. Sometimes the people holding on to the base have had enough and go to lunch.
Hold on, it's a long way down.
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Add and "e" to Bonus and you get the answer to the bailouts.:confused::(:o
<sigh>Quote:
Originally Posted by sasvermont
I clearly do not have all the answers. Also, I have said before that I enjoy posting here because most of the opinion differs from that of mine. I am here to LEARN things. But also on that note, I AM a political, history and news junkie. As such, I think I am up to speed on the current goings on. Also, I read a LOT of history books by a lot of authors. Its just my thing.
Yes, in the past I was way more abrasive than I should have been. I have, repeatedly, apologized for it and am trying to move on.
My last responce to you... What did I say that makes you think I am all the things you called me? I honestly want to know. I thought I was very civil. You made a good and well thought out post, offering your opinion. I replied to it with mine. It was not an attempt to insult you, or one up you.... It is debate/discussion.
Discussion might be more fun when you are talking to people with whom you agree, but that is not debate.
I think, perhaps, you need to give me a chance top prove to you all that I have changed a bit?
Fair Dinkum. :)Quote:
Originally Posted by moosmom
I found this on the internet and don't know how accurate it is or is not, but none the less, it makes me feel a tad better, knowing that this banking fiasco and financial meltdown was just about due!
A sample of great financial and economic crises since 1870:
2008-09
Global credit crisis arising from U.S. mortgage markets
1999 to 2002
Argentina economic and banking crisis; GDP fell 15% in two years
2001
Tech bubble bursts
1998
Russian ruble crisis
Collapse of Long Term Capital Management fund
Japan bank rescue
1997-98
Asian currency crisis
1995
Mexico peso crisis
World Bank bailout of Argentina's banks
1989-93
Finland's per capita GDP falls 12.4% in wake of Berlin Wall falling
1991
Japan real estate bubble bursts
Early 90s
Swedish banking crisis
1989-91
U.S. Savings and Loan debacle, rescue cost 5% of U.S. GDP
1944-47
U.S. per capita GDP contracts 16.5%
1939-45
Second World War
1929-33
Great Depression: U.S. per capita GDP drops 29%;
Canada's falls 34.8%
1918-21
U.S. financial panic; 11.8% drop in per capita GDP
1906-08
Failure of U.S. banking trusts, per capita GDP falls 10.5%
1914-18
First World War
1893-97
U.S. recession and banking failures
1873-78
U.S. recession and banking failures
1874-78
11.7% contraction in per capita GDP in Canada
- - -
I see your point about economic booms & busts. I think some things make this one different (all this strictly my lay opinion):
1. I thought the option ARMs were so much rope a number of years ago (as in give someone enough, they'll hang themselves.)
2. Point #1 was exacerbated by greedy brokers writing fraudulent mortgage paper.
3. This fraudulent paper gets mixed in with perfectly legit, albeit risky, other subprime paper and gets sold to a hedge fund.
4. Said hedge fund is insured by AIG.
5. Housing prices crash, and ARMs reset, setting off the detonator!
6. Banks become super risk-averse, not lending. Credit enters an Ice Age.
7. The whole economy is dragged down by this mess.
Here's why I think the "bailouts" are the best of a bunch of lousy options: a. Very early data suggest that they may be working. b. This won't be the first time (S&L meltdown, anyone?) that the Fed has had to step in.
Maybe my crystal ball has a bog divot in it. But I think letting the economy "right itself" may take a lot longer (like Japan); but Americans do have a different temperament, and the oil shocks and recession have demonstrated that we can change our habits.
OK, I've rambled on WAY too long!:D:p
1998
Russian ruble crisis
Barney Rubble Crisis-BamBam and Pebbles caught playing doctor.