2 billion lost By Chase....

[redsamurai]

I think if you take a step back and use intuition, you will conclude that the average investor is probably worse off due to JP Morgan's bad CDS trades, and that most of the benefits went to rich people in some specialized hedge funds

this was a very sensible post

 

[redsamurai]

Who would be "zoning off the financial sector"?

Who would decide "who's allowed to interact with those businesses" (I corrected your spelling for you)?

Who would do the "insulate us from these guys casino betting"?

Of course it would be government.

You blather Ron Paul this and Ron Paul that -- but when it's time to actually reduce the size and scope of government you jump back on the big government/big regulation bandwagon.

but that's not big governement...that's govt getting out of corp's way letting em do what they want BUT NOT at our expense. That's entirely reasonable and not indicative of big govt, infact it's quite the opposite. It's time for people to start absorbing their own risk.

 

[brownbrown]

They didn't willingly take tarp either - they were forced to. They also already paid it back before these investments were made.

If you want to blame it on anything outside of just a bad business transaction, you can blame QE! & QE2. Banks have more liquidity than they have loan demand. They are going out and taking riskier transactions to put money to work.

Not to say they wont need TARP the next crisis made from these EXACT type of transactions.

Money does NOT work. It's like saying going to Vegas and playing roulette is making money work.
No its gambling.


Making an investment decision to "make money" and then investing again that said investment will fail is bad business.

 

[redsamurai]

Making an investment decision to "make money" and then investing again that said investment will fail is bad business.

aren't you irritated having to explain that? isn't irritating that these pavlovian monkeys have become so response conditioned by certain stimuli that they can't even make the most basic of judgements anymore? like you just perfectly illustrated, they've become conditioned to accept that making bets against your own investments is perfectly normal behavior and part of sound fiscal management. This system is unrecoverable. I'm waiting for the double and triple bets, the bets against the bets against the bets....i mean my god where does it end

 

[brownbrown]

aren't you irritated having to explain that? isn't irritating that these pavlovian monkeys have become so response conditioned by certain stimuli that they can't even make the most basic of judgements anymore? like you just perfectly illustrated, they've become conditioned to accept that making bets against your own investments is perfectly normal behavior and part of sound fiscal management. This system is unrecoverable. I'm waiting for the double and triple bets, the bets against the bets against the bets....i mean my god where does it end

Double and triple bets were made on mortgages before the crash.

Shit still happening and the rules havent changed yet

DrOiD BioNiC EF App!

 

[mrplunkey]

We just need more government regulations to make sure this doesn't happen again!

Also... Ron Paul in 2012!!!!

What a frigging joke.

 

[youpissmeoff]

We just need more government regulations to make sure this doesn't happen again!

Also... Ron Paul in 2012!!!!

What a frigging joke.

Sorry bro... you dream is coming to an end.

Ron Paul all but ends presidential campaign, continues delegate strategy | The Ticket - Yahoo! News

Hard to believe since if you really look at the real delegate count (not the one reported in the media) he had a fighting chance. Did you know he won Maine???

 

[mrplunkey]

Sorry bro... you dream is coming to an end.

Ron Paul all but ends presidential campaign, continues delegate strategy | The Ticket - Yahoo! News

Hard to believe since if you really look at the real delegate count (not the one reported in the media) he had a fighting chance. Did you know he won Maine???

I guess it's safe for redsam to re-up those gubment school loans then.

 

[redsamurai]

I guess it's safe for redsam to re-up those gubment school loans then.

funny how you have not one shred of evidence i have 2 cents in school loans but you've been outed for being a "gubment" contractor. There's a word for that, it's on the tip of my tongue...starts with an H, hmmmm....

 

[mrplunkey]

funny how you have not one shred of evidence i have 2 cents in school loans but you've been outed for being a "gubment" contractor. There's a word for that, it's on the tip of my tongue...starts with an H, hmmmm....

Methink thou doth protest too much.