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The US used to have that separation, but it was repealed in 1999. Still plenty of debate about its role in the debacle. But it did seem to make TBTF worse, depending on whose opinion you believe.Quote:
Originally Posted by Steely Glint
http://en.wikipedia.org/wiki/Glass_steagall
Of course. Soooo...the Big Banks and Financial Firms (plus credit rating agencies, central bankers, comptrollers of currency, Treasury officials, SEC and the FDIC) with their armies of accountants, economists, analysts, math quants and actuarial experts to "help them think" this way....also got it wrong.Quote:
Originally Posted by Loki
Besides Lehman, who went belly up bust? Is Dick Fuld in the unemployment line or homeless? Of course not. And is Country Wide's Mozilo eating ramen noodles? Of course not. Any CEOs from Citi, BofA, WaMu, Wells Fargo---are any of them no longer millionaires? Nope. Someone was using and/or hiding fraudulent information and/or passing it off to unsuspecting investors and Little Guys. Who's in jail besides Bernie Madoff? Anyone? :sour:
j000000000s! :haha:Quote:
Originally Posted by GGT
[modhat]This is the serious discussion forum, please refrain from repeated j00 references everywhere[/modhat]
WTF is wrong with you?Quote:
Originally Posted by CitizenCain
Where we apparently blame everything on the armies of Jews (accountants, economists, analysts, "math quants," actuarial experts and bankers), which is fine, as long as we list them by their brainy professions, instead of calling them j00s.Quote:
Originally Posted by RandBlade
Got it, thanks for the clarity.
You are the ONLY one who's ever made those connections. Knock it off already.Quote:
Originally Posted by CitizenCain
Granted, I am the only one to ever make the connection between white-collar professions requiring a lot of education and offering high income earnings with Jews (:rolleyes:), but I'm far from the only one on here who's commented about your compulsion to blame everything related to the financial sector's woes on armies of educated professionals. Gee, thank God the anti-Semites haven't historically used a perceived Jewish connection to the financial sector to make crazy conspiracy claims about the Jews secretly running the world, or I might be onto something there!
In other words, YOU knock it off already. If you stop making arguments that are interchangeable with crazy, racist conspiracy theories about greedy Jews (or j00s, as I prefer) secretly running the world and controlling our monies, I'll stop pointing out that you're making arguments that are interchangeable with crazy, racist conspiracy theories about greedy Jews (or j00s, as I prefer) secretly running the world and controlling our monies. You'll probably just have to deal with the fact that I'm not about to put a whole bunch of time and effort (--> "lots of words") into a post I'm certain you'll ignore or forget about by the next day, though, and prefer to abbreviate concepts I've spelled out repeatedly to you, to no avail.
For example:
"j00s" ~= stop making "arguments" that are interchangeable with crazy, racist conspiracy theories about greedy Jews secretly running the world and controlling our monies and blaming all our current problems on a long list/grouping of people that's practically interchangeable with "Zionist-Jew pig-dog overlords."
Get a grip, Cain. Nothing I've posted can't also be found in any news source or academic web site around the world, trying to find cause or correlation to the financial meltdown of '08 in the US, or the current crisis in Europe. Banks are involved, highly paid CEOs are involved, these are the facts. Stop injecting your own...whatever the hell....and calling it a conspiracy...or whatever it is you're implying. Above all, please stop projecting your issues onto other people, and especially me. :mad:
So, that being the case, you got "their armies of accountants, economists, analysts, math quants and actuarial experts to 'help them think' this way....also got it wrong" from which specific academic or news source? :bored: