[ms] · Est. May 2002
One durable person. One social graph. Many communities—and every way people speak, share, listen, write, gather and remember.
OK, I'll stop spamming Palin on the board for just a little bit. Here's a change of pace. This (10 min) clip came was posted to local radio guy's blog. Thoughts anyone??
[YOUTUBE]http://www.youtube.com/watch?v=H5tZc8oH--o[/YOUTUBE]
If someone can embed this, great.
Re: Explaining the Financial Crisis
I took a look at some of the other videos, like this one:
[url]http://www.youtube.com/watch?v=DNqyt2vac4E[/url]
I've seen enough. Sorry, no credibility.
Re: Explaining the Financial Crisis
kool vid. cactusbeats. I haven't been paying much attention to the US election campaigns, but that is a pretty convincing argument against Obama. I was aware beforehand about Obama's links to corrruption the likes of the black entertainment and media giants that censored Chapelle, but i was never aware of this retarded Fannie Mae and Freddie Mac business!!! thats rediculous!
Re: Explaining the Financial Crisis
i hate when people who have zero knowledge of how finance works try to "teach" others.
go get a degree.
Re: Explaining the Financial Crisis
[quote=Aleks_B;654522]kool vid. cactusbeats. I haven't been paying much attention to the US election campaigns, but that is a pretty convincing argument against Obama. I was aware beforehand about Obama's links to corrruption the likes of the black entertainment and media giants that censored Chapelle, but i was never aware of this retarded Fannie Mae and Freddie Mac business!!! thats rediculous![/quote]
The Democrats may well be somewhat responsible for the economic crisis. Then again, they might not be. Either way, this video can't be used as any basis for argument because one can't take any piece of so-called "evidence" presented as fact when other videos by the same author are full of misleading spin and baiting. Don't fall for it.
Re: Explaining the Financial Crisis
there is a general rule of thumb in the financial sector regarding administrations .... you never feel thier impact until roughly 5-8 years after tehy are implemented. i.e. clinton inheriting reaganomics, bush inheriting clintons, and obama inheriting bush2.
the biggest issue spoken of when analyzing this, enron, and tech bubble, is the fact that congress in 1993 and 95 tried to pass a sweeping accounting bill in regards to the transparency and tracking of the SEC and commoditied markets. it was vetoed twice under the auspice of it would favor the big 5 accounbting firms.well, we let them go and refused to act on the SEC reporting, and look what happened. arthur anderson, enron, stocks dying when people suddenly realized that most websites listed on the exchange dont actualy have income. normally, it takes about 2-3 years for any bill regulating the markets to be implemented, take hold, and adjusted for the trickery that they create. then the intial result begin to take hold and results start to show. once the change goes into effect, then the market itself finds ways to either go with it, or to get around it. (think hedge funds & R&D costs onthe balance sheets.) for a long time, we allowed these companies to say they had monster cash assests, when in fact most of it was from common stock values, which as you know, flucuate hourly. this is also why companies like pratt and whitney , boeing, IBM, the energy sector, united tech, GM's holdings outside the auto industry (maytag, etc) 3M, all have long term stability and growth, as finance understands the overwhelming majority of thier value lies in long term stocks, and the ability to withstand market issues.
a HUGE HOWEVER, is bush's inability and refusal to ask questions when certain stocks had heavy flucuations after 9/11.
one huge note i tend to mention lately is that those bills from the 90's would have clearly been a huge double check for banking acrtivities. and both GW AND BC let it go. greenspan should have noted this, but either didnt care, or was riding the wave of succes and not asking why we suddenly had so much success at a level not seen since post ww2.
our goverments over the last 15-18 years, were so enamored with the tidal wave of money, they were touting it, instead of checking it.
Re: Explaining the Financial Crisis
Just wanted to clarify that this vid is not something I agree with. I see it as the right's weak argument to try and disavow itself from responsibility of deregulated markets (securitization, etc.). I got it from the blog of a local uber-conservative talk radio guy named Charlie Sykes. It's amazing that these guys can convince themselves that this is the sole cause of the market meltdown. There is a grain of truth to it perhaps, but I certainly don't see mortgage access laws as being the primary cause of this crisis. Irresponsible lending, yes, but no one had a gun to these banks' heads saying they had to make the loans. Systemic greed really seems to be the primary cause as I see it. There is plenty of blame to go around for both parties.
I do like to pay attention to viewpoints I don't necessarily agree with. Sometimes, I am very surprised how much credence these things get. Guess it comes down to the fact that no one wants to take responsibility for this mess. Blame it on the taxpayer and make him/her pay for it. :roll:
Re: Explaining the Financial Crisis
[quote=thesightless;654559]i hate when people who have zero knowledge of how finance works try to "teach" others.
go get a degree.[/quote]
Here, here! ;)
Re: Explaining the Financial Crisis
[quote=thesightless;654559]i hate when people who have zero knowledge of how finance works try to "teach" others.
go get a degree.[/quote]
+1 :lol::lol::lol:
Re: Explaining the Financial Crisis
the single bihhest factor in this whole mess is plain and simple: market over reaction, from traders, to ordinary people. if we simply kept buying the stocks at a standard price, we would have kept thier pockets full to the degree that they could easily absorb the losses. keep in mind that the ARM defaults amount for less than 1/2% of the mortgages in the conutry.
what the general public and media do not understand, is that if you stay out of wall streets way, it will grow and trim its fat as necessary. this bitch has us all upside down.
Re: Explaining the Financial Crisis
[quote=thesightless;654632]there is a general rule of thumb in the financial sector regarding administrations .... you never feel thier impact until roughly 5-8 years after tehy are implemented. i.e. clinton inheriting reaganomics, bush inheriting clintons, and obama inheriting bush2.
the biggest issue spoken of when analyzing this, enron, and tech bubble, is the fact that congress in 1993 and 95 tried to pass a sweeping accounting bill in regards to the transparency and tracking of the SEC and commoditied markets. it was vetoed twice under the auspice of it would favor the big 5 accounbting firms.well, we let them go and refused to act on the SEC reporting, and look what happened. arthur anderson, enron, stocks dying when people suddenly realized that most websites listed on the exchange dont actualy have income. normally, it takes about 2-3 years for any bill regulating the markets to be implemented, take hold, and adjusted for the trickery that they create. then the intial result begin to take hold and results start to show. once the change goes into effect, then the market itself finds ways to either go with it, or to get around it. (think hedge funds & R&D costs onthe balance sheets.) for a long time, we allowed these companies to say they had monster cash assests, when in fact most of it was from common stock values, which as you know, flucuate hourly. this is also why companies like pratt and whitney , boeing, IBM, the energy sector, united tech, GM's holdings outside the auto industry (maytag, etc) 3M, all have long term stability and growth, as finance understands the overwhelming majority of thier value lies in long term stocks, and the ability to withstand market issues.
a HUGE HOWEVER, is bush's inability and refusal to ask questions when certain stocks had heavy flucuations after 9/11.
one huge note i tend to mention lately is that those bills from the 90's would have clearly been a huge double check for banking acrtivities. and both GW AND BC let it go. greenspan should have noted this, but either didnt care, or was riding the wave of succes and not asking why we suddenly had so much success at a level not seen since post ww2.
our goverments over the last 15-18 years, were so enamored with the tidal wave of money, they were touting it, instead of checking it.[/quote]
Interesting read, well done brotha.
Re: Explaining the Financial Crisis
:(
:(
Re: Explaining the Financial Crisis
[quote=hashhead;655304]Personally i think the whole thing is just utter bullshit. complete and utter nonsense to get good people like everyone who has posted here to spend their own precious time worrying about this shit instead of other more important events that are going on in the world.
All this video does is further highlight yet more of the deceit and golden handshakes that go on in todays world at the higher end of the power spectrum..
i use to work for a UK government department that dealt with tax, and became so pissed off and disillusioned watching myself and fellow workers try to get their heads round nonsensical rules and laws where the underlying governent stance is 'we will tax you on it'. They come up with all this pish to try explain why you should pay tax, but in the end its all utter shite.........we will tax you, give us your hard earned cash, if you dont, we will jail you.
All this current economic bullshit is doing is further separating the divide between the rich and the poor, and with each passing day it widens deeper and deeper and is quite possibly never gona be over turned.
how do we fix it? i dont have a clue :([/quote]
There are also good reasons to tax people.
Re: Explaining the Financial Crisis
[quote]Personally i think the whole thing is just utter bullshit. complete and utter nonsense to get good people like everyone who has posted here to spend their own precious time worrying about this shit instead of other more important events that are going on in the world. [/quote]
hi, reality here. this IS the most important thing going on now. not wars, not elections. this. money makes the world go round, and in the end, is the one motivating factor outside fo pussy to do anything.
if the markets began to tank and a meltdown occured, watch the fuck out, because a war like we havent seen will break out. we all tend to forget the most important group of people outside those in NYC, the asians. what do you think china and the region would do if a depression sank in again? we overlook them because they keep to themselves and havge been stable in every aspect since ww2.
and the divide between rich and poor, it SHOULD BE THERE. those who work for it, earn it. the poor arent poor b/c ppl keep em down as people like to say, they are poor becuase no one wants to step the fuck up and do something aobut it. some of them do, and prove why it exists. go ask some socialist touting idiot if you can have a few thousand dollars of thier paycheck on a weekly basis, you know damn well what the response will be. this is one issue driving me up a wall. study, work extra hours, make the right choices, have some manners and work to do the right thing instead of expecting the world to give you shit because you're too lazy to work a second job.
Re: Explaining the Financial Crisis
above my pay grade
Re: Explaining the Financial Crisis
watch how bad the oil wars get in the middle east, and south america in the upcoming decades. its running out and is required to do anything. you cant farm on the scale required without oil for the tracktors, let alone the gas. nothing gets done without it. the governements of the world are gonna go batshit over the next century. count on about a dozen more regime placements over there, and removal of oil from the commodities market. will happen, ill bet the farm.
the wars are the neccessary by product of all that. cept for afghan. that is plain and simple revenge, and frankly, they are lucky we fight the way we do and not like the fucking nazi's, cuz thats what i would have done. went in, ripped it to shreds with zero consideration for human life.
go cry about illegal occupations while reality passes you by,. sorry to sound brash, but in life, you gotta play by the worlds rules, and adapt. sitting home feeling bad because the US is setting itself and its allies up for the long term good. cuz that is exactly what we're doing. we sit on two MONSTER oil feilds here domestically, the one under the mid west and the alaskan/canadian one. factor in brazil and those funny little towel heads in saudi.. we will be the player in teh end. when its all run out and the middle east nothing but sand, we'll be sitting on the supplies. peak oil exists, but its from happening. it will happen in teh end, but we will own the peak.
Re: Explaining the Financial Crisis
[quote=hashhead;655338]Hey, opinions......
your mind is being kept busy so you dont spend time thinking about how america is illegally occupying iraq and afghanistan (obviously britain invading as well) and all the deceit that will be taking place right now regarding iraq's oil.......and of course the events leading up to why/how they found themselves to be there, but ttoally diff topic, because yes, we're too busy thinking about the credit card!
yeah your right, money is very important, but so are illegal wars that rage over oil man :shock:
of course there are mate[/quote] So let me get this straight. You're telling us that: (1) the economic hardships we think we're facing over here in the US are just fake nonsense; and then (2) our government is tricking us into thinking that our economy is collapsing in order to keep our minds off of the war in Iraq?
Re: Explaining the Financial Crisis
19/10/2022
Re: Explaining the Financial Crisis
[quote=hashhead;655444]hey hey, got it in one^ ;) congrats[/quote]
Show me evidence to support your claim.
Re: Explaining the Financial Crisis
[quote=miroslav;655493]show me evidence to support your claim.[/quote]
+1
Re: Explaining the Financial Crisis
me mate dave told me
Re: Explaining the Financial Crisis
you ignore the biggest factor in forming your opinion. the markets are FREE. its is the investing public and thier fears that have the majority of the blame here. if by random chance, we spend the next few days buying back all the stocks at a higher price, we could literally take the bill and throw it ni the garbage b4 bush signs it.
and i find it humorous thatyou think what i would do in afghan is close to what happened. we got elections, we are re-building thier neccessary infrastructure, pumping money into creating industry, employing thousands, and putting them on the way to self governance. now , i dont even agree with how they are handling it in respect to a humane ideal , but we could have gone in, killed and pillaged, and left.
but this whole concept of the US rigging this economic crisis is so off base.. how is the US doing this to the markets in hong kong, the DAX, the BBC30, the CAC 40, FTSE, etc ?? those markets arent located, regulated or influenced by the US.. not at all