The gov't was not the architects of the financial crisis. Period. Were they enablers of it? Sure. And they still are.
We will not be deflecting blame from where it primarily lies so we can go on fun fantasies about how everything is always the fault of... the govt.
Treasury approved pay raises at bailed-out companies
Re: Treasury approved pay raises at bailed-out companies
by The Comrade » Tue Jan 29, 2013 9:22 am
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Re: Treasury approved pay raises at bailed-out companies
by J.K. Gregg » Tue Jan 29, 2013 9:23 am
Objectivist, IT professional, news junkie, geek, and husband. Formally known by Tetracide. I do the twitter @jk_gregg.
You're wrong until proven correct.
You're wrong until proven correct.
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Re: Treasury approved pay raises at bailed-out companies
by The Comrade » Tue Jan 29, 2013 9:25 am
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Re: Treasury approved pay raises at bailed-out companies
by The Comrade » Tue Jan 29, 2013 9:29 am
not really, no. history of the markets has shown if you allow banks and the financial industry to engage in self destructive practices they will regardless of any notion of being bailed out. to suggest this time around things were different is just illogical.
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The Comrade - Vice President
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Re: Treasury approved pay raises at bailed-out companies
by J.K. Gregg » Tue Jan 29, 2013 9:30 am
Objectivist, IT professional, news junkie, geek, and husband. Formally known by Tetracide. I do the twitter @jk_gregg.
You're wrong until proven correct.
You're wrong until proven correct.
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Re: Treasury approved pay raises at bailed-out companies
by Indy » Tue Jan 29, 2013 9:31 am
Where did anybody get the idea that the banks "adopted all the risk"?
If that were true, they'd be gone.
No, WE adopted all the risk and we continue to do so, as they adopt only the profits. Everybody needs to understand that.
If that were true, they'd be gone.
No, WE adopted all the risk and we continue to do so, as they adopt only the profits. Everybody needs to understand that.
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