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Posted

the CFTC was useless by the end of the Clinton Admin.

Don't trust wikipedia for your intel lol.

http://www.netflix.com/WiMovie/Frontline-The-Warning/70127213?strackid=269eb05a07b27208_0_srl&strkid=608052286_0_0&trkid=438381 <--- if you have Netflix - watch and learn.

or you can watch it here: http://video.pbs.org/video/1302794657/ - as well.

Paul sum up the point. In your opinion, who or what failed epically and lead to the financial crisis?

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

Filed: Timeline
Posted

Now you are just being ridiculous and talking out of the buttocks. That Democrats make up a majority of boards, CEO etc.. That Clinton is to blame for the derivatives or falsifying of information to promote risky loans as legitimate loans. What planet are you living on...

How intelligent is it for few people to amass a majority of the wealth, while the rest remain poor? How does this assist the country in any way?

You live in a liberal state and enjoy the perks but then hate them. How about you go live in a low taxing state, with negligible benefits or infrastructure first. Then come talk about Liberteapartian fiscal ideals all you like.

Actually, they do. Next time you get an annual report from one of your investments, take a look which former office holders, and wives/husbands of office holders are sitting on those boards.

Posted

So Sir Douche himself Greenspan, was a Libertarian and was a strong follower of the Libertarian God - Ayn Rand.

Yep, it's all starting to make a lot more sense now, regarding how the economy got to this fail. Unabated and unregulated Capitalism equals fail. Hence why numerous first world countries that do not embrace such idiocy, have neither suffered not been affected.

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

Posted (edited)

Actually, they do. Next time you get an annual report from one of your investments, take a look which former office holders, and wives/husbands of office holders are sitting on those boards.

How many Republicans are there on such boards versus Dems? I've been here long enough to know which party has an ideology of generate profit at any cost. A mindset of every man, woman and [American] child for themselves. Furthermore, which party has no qualms with exporting jobs to save a dime; for the sole purpose of increasing their own dividends, stock price and personal wealth.

Yet now you want me to believe that the same people who stand against every and any logical tax increase or program to assist Americans, are not the people who export jobs. Are not the people who forces others to end up on food stamps. Then only to respond with a, "see food stamps are a joke. Let these Americans die for all we care".

PS Even when it comes to illegal aliens, I think we all know who employs a number of these illegal aliens and it's not big businessn or the government. ;)

Edited by Heracles

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

Posted (edited)

Two interesting things about the documentary. For starters, the crooks now work under Obama and the department which sounded the alarm bells, still does not have the authority to regulate this reckless behavior. Second, Greenspan admits his yeeha! no rules ideology was flawed and wrong.

More importantly, there are five lobbyists from the financial sector for every one senator. That's absolutely ridiculous. Why are these groups permitted to influence command America like that? Where in the Constitution does it say that certain individuals should be able to manipulate the country and make it a puppet for their own agenda and interests?

It's no wonder the rest of the world cries foul when America tries to push Democracy, which is not really a democracy at all, onto others. Nobody wants this corrupt - guy with the deepest pockets - garbage in their country.

Edited by Heracles

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

 

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