Just Say Whoa!

Wall Street Breakfast: Must-Know News

>The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game

Oh yeah!

Most people done left the Republican party almost 30 years ago when the St. Reagan Administration initiative Garn-St. Germain Depository Institutions Act of 1982 made ARM loans legal and loosened down payment requirements paving the way to NO MONEY DOWN loans.

Yeah, that's the day when keen observers like you left the Republican party shellgame...

en.wikipedia.org/wiki/...

How Bailouts Are Messing with Capitalism

>"We're tinkering with the genetic DNA of a capitalist society."

Oh, Boo Hoo Hoo!

Hoover didn't bailout banks. He let them fail--hundreds and hundreds of banks failed.

As Doctor Phil would say, "How's that working out for ya?"

The whole point of bailing out banks is because it was one of the *major* mistakes to let banks fail that caused the Great Depression.

DOH!!!!!

Glass-Steagall: If Not the Cause, Maybe the Cure?

Thanks to Senator Phil Gramm and the Republicans
en.wikipedia.org/wiki/...

Credit Default Swaps (CDS) were exempted from regulation back in 2000.

Now, after these finanacial "geniuses" created FORTY TRILLION of CDS, with little, if any collateral, making money HAND OVER FIST all along the way...

...why on earth would Wall Street want ANY kind of regulation to stop their unregulated profits?

Greed, greed, greed.

Next question?

While Financials Drag Markets Down, Five Ways to Stay in Play

>I feel like such a chump.

What's matter?

Are the policies of the past 28 years, i.e. Deregulation & Tax Cuts for Billionaires Trickling Down to the Not So Rich not working out for ya?

Privatize the Banks, Already

Facist Capitalism is where businesses control the government.

Wasn't that the whole philosophy behind the past 28 years?

Put the industry in charge of regulatining itself.

Let business do anything--they will always make the right decisions!

That's Facism and I didn't hear your partisan political party complaining about it for the past 28 years...



> There is nothing absurd about the current state of affairs. We have
> Fascist Capitalism, period.

Time to Buy Bank Stocks

I remember when people on this board were talking about Citibank about how cheap it was at $25 a share.

Today's price: $3.61.

BTW, if you're a US taxpayer, you've already bought banks.

And this is just the beginning...

Why Capping Pay Is Likely to Work

I just don't understand how the bottom 99% can survive on a salary of less than $500K a year, <snort, snort>.

Pass me another gold-encrusted croisant, Jeeves...

Should Wall Street Have Saved Itself?

The Cato Institute firmly believes that it's OK to let the Wolf guard the Chicken coop.

Now, they blame the chickens!

The Coming Crash of 2008: A Result of Overleveraging

Don't know if anyone here grew up on a farm, but...

...when hogs are led to be slaughtered, they have no idea what will happen in the future.

Apparently, neither does the typical American investor know how much the Geniuses on Wall Street have led them down the path to be sacrificed on the altar of the Golden Calf of Mammon.