Author Topic: If the pivate $$$ sector is so much better then the public Gov $$ sector... (Read 942 times)

Howard · « **on:** April 15, 2011, 01:19:36 PM »

Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?

Kazan · « **Reply #1 on:** April 15, 2011, 01:21:03 PM »

Quote from: Howard on April 15, 2011, 01:19:36 PM

Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?

Well there is the CRA, the repeal of Glass Stegal, and the list goes on.

Soul Crusher · « **Reply #2 on:** April 15, 2011, 01:21:09 PM »

Quote from: Howard on April 15, 2011, 01:19:36 PM

Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?

Ha ha ha ha ha - are you fucking kidding?

Kazan · « **Reply #3 on:** April 15, 2011, 01:22:29 PM »

And by the way without the private sector there would be no public sector

Soul Crusher · « **Reply #4 on:** April 15, 2011, 01:24:06 PM »

Hey howard go read a book on this and get a clue.

Howard · « **Reply #5 on:** April 15, 2011, 01:25:16 PM »

Quote from: Kazan on April 15, 2011, 01:22:29 PM

And by the way without the private sector there would be no public sector

My point is, that the private sector blew it and went belly up. They came begging to the US treasury to bail THEM out.
If they were so great how come they had to get help frm the GOV which they say is incompetent???wtf?

Howard · « **Reply #6 on:** April 15, 2011, 01:26:40 PM »

Quote from: 333386 on April 15, 2011, 01:24:06 PM

Hey howard go read a book on this and get a clue.

I never have had a really good answer to the original question in my thread topic.

Soul Crusher · « **Reply #7 on:** April 15, 2011, 01:27:03 PM »

Quote from: Howard on April 15, 2011, 01:25:16 PM

My point is, that the private sector blew it and went belly up. They came begging to the US treasury to bail THEM out.
If they were so great how come they had to get help frm the GOV which they say is incompetent???wtf?

I didnt know the banks were the whole private sector.

Kazan · « **Reply #8 on:** April 15, 2011, 01:27:32 PM »

Quote from: Howard on April 15, 2011, 01:25:16 PM

My point is, that the private sector blew it and went belly up. They came begging to the US treasury to bail THEM out.
If they were so great how come they had to get help frm the GOV which they say is incompetent???wtf?

Perhaps you should look at what the government forced the private sector to do, as far as loaning money fannie/freddy. It all becomes clear that the private sector was regulated/forced in to shit business practice.

Soul Crusher · « **Reply #9 on:** April 15, 2011, 01:27:42 PM »

Quote from: Howard on April 15, 2011, 01:26:40 PM

I never have had a really good answer to the original question in my thread topic.

Because your premise is ludicrous.

Howard · « **Reply #10 on:** April 15, 2011, 01:29:57 PM »

Quote from: Kazan on April 15, 2011, 01:27:32 PM

Perhaps you should look at what the government forced the private sector to do, as far as loaning money fannie/freddy. It all becomes clear that the private sector was regulated/forced in to shit business practice.

Too much regulation was the problem of the credit default meltdown? Really?

Kazan · « **Reply #11 on:** April 15, 2011, 01:33:06 PM »

Quote from: Howard on April 15, 2011, 01:29:57 PM

Too much regulation was the problem of the credit default meltdown? Really?

Banks forced into giving loans to people who would not/could not repay them. The repeal of Glass/Steagal opens the door for the banks to be able to package worthless mortgages into securities.

240 is Back · « **Reply #12 on:** April 15, 2011, 01:40:03 PM »

thraed of the week right here

Soul Crusher · « **Reply #13 on:** April 15, 2011, 01:54:04 PM »

Quote from: 240 is Back on April 15, 2011, 01:40:03 PM

thraed of the week right here

Hey 240 - did it dawn on youthat without the abiliy to print money or tax the shit our of people - the govt would long be bankrupt?

whork25 · « **Reply #14 on:** April 15, 2011, 04:32:54 PM »

Quote from: Kazan on April 15, 2011, 01:33:06 PM

Banks forced into giving loans to people who would not/could not repay them. The repeal of Glass/Steagal opens the door for the banks to be able to package worthless mortgages into securities.

Come on they werent forced to do anything. They were gready fuckers.

But thats humans. Thats why no government or coorporation or bank should get to big.

Kazan · « **Reply #15 on:** April 15, 2011, 04:37:45 PM »

Quote from: whork25 on April 15, 2011, 04:32:54 PM

Come on they werent forced to do anything. They were gready fuckers.

But thats humans. Thats why no government or coorporation or bank should get to big.

Dude look at the CRA and see if they were forced, hell Obama was an ACORN goon

whork25 · « **Reply #16 on:** April 15, 2011, 04:41:38 PM »

Quote from: Kazan on April 15, 2011, 04:37:45 PM

Dude look at the CRA and see if they were forced, hell Obama was an ACORN goon

Everybody thought the economy would go up and up and everyone was on board.

tonymctones · « **Reply #17 on:** April 15, 2011, 04:42:32 PM »

Quote from: Howard on April 15, 2011, 01:19:36 PM

Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?

actually it was the govt that proped them up b.c they didnt want them to fail...

some regulation is a good thing it presents an equal playing field and helps prevent obvious unwanted actions. The problem is that by doing so they generally promote MANY MANY more unwanted actions.

Glass Steagal being repealed was a major step in the cause of the melt down...guess who did that? the govt

also I dont see how you can equate the entire private sector to one industry within it, please explain that logic to us?

Bindare_Dundat · « **Reply #18 on:** April 15, 2011, 05:29:10 PM »

Quote from: Howard on April 15, 2011, 01:19:36 PM

have to go hat in hand to the US Gov treasury dept and Fed ?

LMAO!

Howard, Howard, Howard, you see, this is where you make the mistake.

They didnt come out with hat in hand, they came out with a gun in hand. BIG difference.

Just who do you think is really running this show?

Bindare_Dundat · « **Reply #19 on:** April 15, 2011, 05:39:21 PM »

Quote from: 333386 on April 15, 2011, 01:21:09 PM

Ha ha ha ha ha - are you fucking kidding?

The country has a loooooooooog way to go man.

240 is Back · « **Reply #20 on:** April 16, 2011, 12:34:49 AM »

Quote from: 333386 on April 15, 2011, 01:54:04 PM

Hey 240 - did it dawn on youthat without the abiliy to print money or tax the shit our of people - the govt would long be bankrupt?

LOL! Says the guy who waited until nov 2008 to buy his guns and prep his SHTF bag!

Homie, I been crazier longer than you have! haha

tonymctones · « **Reply #21 on:** April 16, 2011, 08:00:46 AM »

Quote from: 240 is Back on April 16, 2011, 12:34:49 AM

LOL! Says the guy who waited until nov 2008 to buy his guns and prep his SHTF bag!

Homie, I been crazier longer than you have! haha

aint that the truth

but you didnt answer the question AS FUKING ALWAYS!!!!!!

Soul Crusher · « **Reply #22 on:** April 17, 2011, 05:14:47 AM »

Not true at all.

whork25 · « **Reply #23 on:** April 17, 2011, 05:23:44 AM »

Quote from: Howard on April 15, 2011, 01:19:36 PM

Why did the heads of the biggest,private investment banks have to go hat in hand to the US Gov treasury dept and Fed to get bailed out?

Are you serious?

Soul Crusher · « **Reply #24 on:** April 17, 2011, 05:26:20 AM »

Many did not want the money and paulson forced it on them.