From: Dinosaur_Sr on 2 Oct 2009 18:10 On Oct 1, 10:12 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > How do we handle the 'too big to fail' thing? > Break up monopolistic large banks ... return > to the time when investment and regular banks > were not allowed to mix ... stop all of the > derivitives, short sales, credit default swaps > ... or are we just wasting our time because > those guys are just smarter and more connected > than we will ever comprehend and they will > find another way to cheat with the help of a > corrupt government on both sides of the aisle. > My apology to wedding planners.- Hide quoted text - > Too big to fail is a scam, IMHO. Has been done before, and works before, and the companies involved have since failed anyways in many cases. Banks can be replaced easily. Sure a lot of rich guys will lose their shirts, but to the rest of us they don't mean much.
From: gray asphalt on 7 Oct 2009 17:54 "Dinosaur_Sr" <frostback2002(a)att.net> wrote in message news:edc96f4c-d0ca-42d7-b674-227d94b806aa(a)k33g2000yqa.googlegroups.com... On Oct 1, 10:12 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > How do we handle the 'too big to fail' thing? > Break up monopolistic large banks ... return > to the time when investment and regular banks > were not allowed to mix ... stop all of the > derivitives, short sales, credit default swaps > ... or are we just wasting our time because > those guys are just smarter and more connected > than we will ever comprehend and they will > find another way to cheat with the help of a > corrupt government on both sides of the aisle. > My apology to wedding planners.- Hide quoted text - > Too big to fail is a scam, IMHO. Has been done before, and works before, and the companies involved have since failed anyways in many cases. Banks can be replaced easily. Sure a lot of rich guys will lose their shirts, but to the rest of us they don't mean much. @@@ What about retirement funds and the like?
From: Dinosaur_Sr on 7 Oct 2009 18:43 On Oct 7, 4:54 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > "Dinosaur_Sr" <frostback2...(a)att.net> wrote in message > > news:edc96f4c-d0ca-42d7-b674-227d94b806aa(a)k33g2000yqa.googlegroups.com... > On Oct 1, 10:12 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > > > How do we handle the 'too big to fail' thing? > > Break up monopolistic large banks ... return > > to the time when investment and regular banks > > were not allowed to mix ... stop all of the > > derivitives, short sales, credit default swaps > > ... or are we just wasting our time because > > those guys are just smarter and more connected > > than we will ever comprehend and they will > > find another way to cheat with the help of a > > corrupt government on both sides of the aisle. > > My apology to wedding planners.- Hide quoted text - > > Too big to fail is a scam, IMHO. Has been done before, and works > before, and the companies involved have since failed anyways in many > cases. Banks can be replaced easily. Sure a lot of rich guys will lose > their shirts, but to the rest of us they don't mean much. > > @@@ > > What about retirement funds and the like? What about 'em?
From: gray asphalt on 7 Oct 2009 22:49 "Dinosaur_Sr" <frostback2002(a)att.net> wrote in message news:b9d5e814-e3a0-49fb-ac5a-7c1427a9d482(a)31g2000vbf.googlegroups.com... On Oct 7, 4:54 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > "Dinosaur_Sr" <frostback2...(a)att.net> wrote in message > > news:edc96f4c-d0ca-42d7-b674-227d94b806aa(a)k33g2000yqa.googlegroups.com... > On Oct 1, 10:12 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > > > How do we handle the 'too big to fail' thing? > > Break up monopolistic large banks ... return > > to the time when investment and regular banks > > were not allowed to mix ... stop all of the > > derivitives, short sales, credit default swaps > > ... or are we just wasting our time because > > those guys are just smarter and more connected > > than we will ever comprehend and they will > > find another way to cheat with the help of a > > corrupt government on both sides of the aisle. > > My apology to wedding planners.- Hide quoted text - > > Too big to fail is a scam, IMHO. Has been done before, and works > before, and the companies involved have since failed anyways in many > cases. Banks can be replaced easily. Sure a lot of rich guys will lose > their shirts, but to the rest of us they don't mean much. > > @@@ > > What about retirement funds and the like? >> What about 'em? Don't retirees suffer when places like Lehman Bros and others collapse? I should research maybe. It seems like one of the strategies of crooks is to get money from sources like this ...
From: Dinosaur_Sr on 8 Oct 2009 10:15
On Oct 7, 9:49 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > "Dinosaur_Sr" <frostback2...(a)att.net> wrote in message > > news:b9d5e814-e3a0-49fb-ac5a-7c1427a9d482(a)31g2000vbf.googlegroups.com... > On Oct 7, 4:54 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > > > > > "Dinosaur_Sr" <frostback2...(a)att.net> wrote in message > > >news:edc96f4c-d0ca-42d7-b674-227d94b806aa(a)k33g2000yqa.googlegroups.com.... > > On Oct 1, 10:12 pm, "gray asphalt" <dontwr...(a)gmail.com> wrote: > > > > How do we handle the 'too big to fail' thing? > > > Break up monopolistic large banks ... return > > > to the time when investment and regular banks > > > were not allowed to mix ... stop all of the > > > derivitives, short sales, credit default swaps > > > ... or are we just wasting our time because > > > those guys are just smarter and more connected > > > than we will ever comprehend and they will > > > find another way to cheat with the help of a > > > corrupt government on both sides of the aisle. > > > My apology to wedding planners.- Hide quoted text - > > > Too big to fail is a scam, IMHO. Has been done before, and works > > before, and the companies involved have since failed anyways in many > > cases. Banks can be replaced easily. Sure a lot of rich guys will lose > > their shirts, but to the rest of us they don't mean much. > > > @@@ > > > What about retirement funds and the like? > >> What about 'em? > > Don't retirees suffer when places like Lehman Bros > and others collapse? I should research maybe. It seems > like one of the strategies of crooks is to get money from > sources like this ... Investment involves risk...who is going to pay for it then...and what about people working now trying to save for themselves now...they supposed to give up their potential retirement for current retirees because current retirees made some bad investment choices? The only guarantee life offers is death. Anything else is up for grabs...and the worst oppressor, as always, is government, and so it shall remain! |