BF2S Forums Bad Choices huh? ( Lawsuit against GS CEO )

We need Eliot Spitzer tbh

Turquoise wrote:

I'll put it this way.  If Islamic terrorists ever decide to start attacking major banks, they might find a lot of Americans more willing to side with them than they'd probably expect.

Thankfully, terrorists aren't usually that smart.

Actually a really interesting point. There are more finanical thieves and vagabonds in Western nations that do more harm to our economies than any terrorists (or volcanos for that matter). And yet they go scot-free 99.99% of the time...

ruisleipa wrote:

Actually a really interesting point. There are more finanical thieves and vagabonds in Western nations that do more harm to our economies than any terrorists (or volcanos for that matter). And yet they go scot-free 99.99% of the time...

They're called enterprising capitalists.  They're the innovative engines of our economy.  They need be cultivated and nurtured,  not bound by laws and regulations.

ruisleipa wrote:

Cybargs wrote:

There are never guaranteed returns in the stock market.

unless you engage in fraud and theft, fuck up your business, then get bailed out by the taxpayer...pretty guaranteed return then.

Reciprocity wrote:

They're called enterprising capitalists.  They're the innovative engines of our economy.  They need be cultivated and nurtured,  not bound by laws and regulations.

Or...they're thieves who steal from their customers and taxpayers, try to avoid paying taxes wherever possible, and should be bound by stronger laws to protect their investors att he very least.

You're gonna have to do a pretty brilliant job of presenting your argument that there shouldn't be any laws or regulations covering these people tbh...

That's why there should never be fucking bail outs in the first place. Yeah they steal money from their customer, but you must be pretty fucking dumb not to see great returns without knowing the risks. That's why you manage your own funds and not just ride on someones advise and expect everything to go well.

Cybargs wrote:

That's why there should never be fucking bail outs in the first place. Yeah they steal money from their customer, but you must be pretty fucking dumb not to see great returns without knowing the risks. That's why you manage your own funds and not just ride on someones advise and expect everything to go well.

Basically you're right. Problem is when the big bankers play roulette with the little people's savings and pensions, lose it, then they NEED bailouts otherwise the little people who haven't even made any decision to enter any investment markets beytond putting their money in a ('safe') bank just lose everything. So the bailout comes and most of it goes in the w/bankers pockets. I'm talking more about banks like Northern Rock than big investment companies. Personally I couldn't give a fuck if some investor put in half a mill then lost it due to dodgy dealings. It's all a mechanism for satisfying one's greed anyway.

Dilbert_X wrote:

Reciprocity wrote:

They're called enterprising capitalists.  They're the innovative engines of our economy.  They need be cultivated and nurtured,  not bound by laws and regulations.

You can say that about companies which actually have a product to sell.
Companies which just find new ways of moving money around not so much.

moving money is the engine of our economy.  goods and services are so passé.

Turquoise wrote:

I'll put it this way.  If Islamic terrorists ever decide to start attacking major banks, they might find a lot of Americans more willing to side with them than they'd probably expect.

Thankfully, terrorists aren't usually that smart.

Well, someone could say 9/11 was an attack against U.S capitalism, military, and leadership (-failed) and civilian casualties were just collateral damage.

Last edited by BLdw (2010-04-27 10:40:34)

Reciprocity wrote:

Dilbert_X wrote:

Reciprocity wrote:

They're called enterprising capitalists.  They're the innovative engines of our economy.  They need be cultivated and nurtured,  not bound by laws and regulations.

You can say that about companies which actually have a product to sell.
Companies which just find new ways of moving money around not so much.

moving money is the engine of our economy.  goods and services are so passé.

I'm going to assume you're trolling.

LostFate wrote:

Turquoise wrote:

Thankfully, terrorists aren't usually that smart.

you've got one sitting in the white house.

Been watching Glenn Beck, I see?

BLdw wrote:

Turquoise wrote:

I'll put it this way.  If Islamic terrorists ever decide to start attacking major banks, they might find a lot of Americans more willing to side with them than they'd probably expect.

Thankfully, terrorists aren't usually that smart.

Well, someone could say 9/11 was an attack against U.S capitalism, military, and leadership (-failed) and civilian casualties were just collateral damage.

True, the attack on the WTC was certainly against multinational corporations as much as it was against our government, but at the same time, it had far too much collateral to have the same effect I was hinting at.

For example, had they instead blown up the car of the CEO of say...  Goldman Sachs...  then people would be like...  "Damn...  I actually kind of sympathize with that."   The same could apply for AIG.

The thing is...  I think more people realize that the fat cats on Wall Street have been fucking us pretty hard for the last couple decades, so if an attack on them was more "surgical", so to speak, then it wouldn't have the same effect as something like 9/11.  Granted, I realize the terrorists have no interest in getting us to side with them.

Basically, I was just throwing out a strange hypothetical.

11 Bravo wrote:

oil speculators do this everyday and nobody cares.

Fair point...  they need to see some jail time too.

http://news.bbc.co.uk/2/hi/business/10092972.stm

GS may be broken up, thats the Obama plan.
Then when they're small enough they can go bust.