Rich ‘virtually no one ‘ Toscano

[lostcat92120]

Thank you Joe Miller and Brooks Jackson.. So we know you’re good at pointing out the problem. What is the solution. I hate when I go into meetings and all people do is point out problems. It’s obvious that there is a problem and it easy to agree with everything you said, but the’s hear the solution…

[equalizer]

Greenspan stating that that he (& his anti-American friend Rand) believed that banks would always act in the interest of shareholders is the most insane thing he has said. Hello, remember the S&L hell that he presided over in late 80’s and early 90’s. Did the S&L’s care about shareholders when they were financing $500M skyscrapers worth $100M? ZERO risk with FDIC ready to bail out depositors. Why did none of our brilliant Congressman ask Greenspan about the S&L history?

[equalizer]

Greenspan stating that that he (& his anti-American friend Rand) believed that banks would always act in the interest of shareholders is the most insane thing he has said. Hello, remember the S&L hell that he presided over in late 80’s and early 90’s. Did the S&L’s care about shareholders when they were financing $500M skyscrapers worth $100M? ZERO risk with FDIC ready to bail out depositors. Why did none of our brilliant Congressman ask Greenspan about the S&L history?

[equalizer]

Greenspan stating that that he (& his anti-American friend Rand) believed that banks would always act in the interest of shareholders is the most insane thing he has said. Hello, remember the S&L hell that he presided over in late 80’s and early 90’s. Did the S&L’s care about shareholders when they were financing $500M skyscrapers worth $100M? ZERO risk with FDIC ready to bail out depositors. Why did none of our brilliant Congressman ask Greenspan about the S&L history?

[equalizer]

Greenspan stating that that he (& his anti-American friend Rand) believed that banks would always act in the interest of shareholders is the most insane thing he has said. Hello, remember the S&L hell that he presided over in late 80’s and early 90’s. Did the S&L’s care about shareholders when they were financing $500M skyscrapers worth $100M? ZERO risk with FDIC ready to bail out depositors. Why did none of our brilliant Congressman ask Greenspan about the S&L history?

[equalizer]

Greenspan stating that that he (& his anti-American friend Rand) believed that banks would always act in the interest of shareholders is the most insane thing he has said. Hello, remember the S&L hell that he presided over in late 80’s and early 90’s. Did the S&L’s care about shareholders when they were financing $500M skyscrapers worth $100M? ZERO risk with FDIC ready to bail out depositors. Why did none of our brilliant Congressman ask Greenspan about the S&L history?

[greekfire]

The system is rigged, folks. If you don’t know that by now, then you have some homework to do. Economists and politicians that are TRAINED EXPERTS in their fields had no idea that this was coming? Common! We need more government regulation of the markets? Are you serious?

The worst outcome of this quagmire is that free-market capitalism, I mean TRUE, free-market capitalism, ends up being the scapegoat. If you think that what we have seen over the past half century has been free-market capitalism, then there’s some work to be done here.

There will NEVER be free-market capitalism when BAILOUTS are a common end result, nay, the ultimate goal, of our flawed system!

In math, this would be like saying that 3-4=-1, unless 4 is too big to fail. If 4 is too big to fail, the end result will be +1…and the taxpayers will have to make up the difference for the other 2.

Take away the bailouts and the safety nets and you will start to see the markets act like they should…like there are actual consequences for people’s actions and that they will be held accountable.

[greekfire]

The system is rigged, folks. If you don’t know that by now, then you have some homework to do. Economists and politicians that are TRAINED EXPERTS in their fields had no idea that this was coming? Common! We need more government regulation of the markets? Are you serious?

The worst outcome of this quagmire is that free-market capitalism, I mean TRUE, free-market capitalism, ends up being the scapegoat. If you think that what we have seen over the past half century has been free-market capitalism, then there’s some work to be done here.

There will NEVER be free-market capitalism when BAILOUTS are a common end result, nay, the ultimate goal, of our flawed system!

In math, this would be like saying that 3-4=-1, unless 4 is too big to fail. If 4 is too big to fail, the end result will be +1…and the taxpayers will have to make up the difference for the other 2.

Take away the bailouts and the safety nets and you will start to see the markets act like they should…like there are actual consequences for people’s actions and that they will be held accountable.

[greekfire]

The system is rigged, folks. If you don’t know that by now, then you have some homework to do. Economists and politicians that are TRAINED EXPERTS in their fields had no idea that this was coming? Common! We need more government regulation of the markets? Are you serious?

The worst outcome of this quagmire is that free-market capitalism, I mean TRUE, free-market capitalism, ends up being the scapegoat. If you think that what we have seen over the past half century has been free-market capitalism, then there’s some work to be done here.

There will NEVER be free-market capitalism when BAILOUTS are a common end result, nay, the ultimate goal, of our flawed system!

In math, this would be like saying that 3-4=-1, unless 4 is too big to fail. If 4 is too big to fail, the end result will be +1…and the taxpayers will have to make up the difference for the other 2.

Take away the bailouts and the safety nets and you will start to see the markets act like they should…like there are actual consequences for people’s actions and that they will be held accountable.

[greekfire]

The system is rigged, folks. If you don’t know that by now, then you have some homework to do. Economists and politicians that are TRAINED EXPERTS in their fields had no idea that this was coming? Common! We need more government regulation of the markets? Are you serious?

The worst outcome of this quagmire is that free-market capitalism, I mean TRUE, free-market capitalism, ends up being the scapegoat. If you think that what we have seen over the past half century has been free-market capitalism, then there’s some work to be done here.

There will NEVER be free-market capitalism when BAILOUTS are a common end result, nay, the ultimate goal, of our flawed system!

In math, this would be like saying that 3-4=-1, unless 4 is too big to fail. If 4 is too big to fail, the end result will be +1…and the taxpayers will have to make up the difference for the other 2.

Take away the bailouts and the safety nets and you will start to see the markets act like they should…like there are actual consequences for people’s actions and that they will be held accountable.

[greekfire]

The system is rigged, folks. If you don’t know that by now, then you have some homework to do. Economists and politicians that are TRAINED EXPERTS in their fields had no idea that this was coming? Common! We need more government regulation of the markets? Are you serious?

The worst outcome of this quagmire is that free-market capitalism, I mean TRUE, free-market capitalism, ends up being the scapegoat. If you think that what we have seen over the past half century has been free-market capitalism, then there’s some work to be done here.

There will NEVER be free-market capitalism when BAILOUTS are a common end result, nay, the ultimate goal, of our flawed system!

In math, this would be like saying that 3-4=-1, unless 4 is too big to fail. If 4 is too big to fail, the end result will be +1…and the taxpayers will have to make up the difference for the other 2.

Take away the bailouts and the safety nets and you will start to see the markets act like they should…like there are actual consequences for people’s actions and that they will be held accountable.

[salo_t]

I think most people in the business knew that the outcome was going to be pretty ugly but with everyone making big money hand over fist who was going to be the one to stand up and try to stop the money train? Really it was the RE industry that was carrying the US economy during those years so you know the government wasn’t going to intervene. I imagine the Bush administration was hoping to be out of office by the time the shit hit the fan.

When you here talk like “no one saw this coming” its mainly geared towards regular working people that really have no clue what is going on in the financial world, a way to try and save face after screwing us over.

[salo_t]

I think most people in the business knew that the outcome was going to be pretty ugly but with everyone making big money hand over fist who was going to be the one to stand up and try to stop the money train? Really it was the RE industry that was carrying the US economy during those years so you know the government wasn’t going to intervene. I imagine the Bush administration was hoping to be out of office by the time the shit hit the fan.

When you here talk like “no one saw this coming” its mainly geared towards regular working people that really have no clue what is going on in the financial world, a way to try and save face after screwing us over.

[salo_t]

I think most people in the business knew that the outcome was going to be pretty ugly but with everyone making big money hand over fist who was going to be the one to stand up and try to stop the money train? Really it was the RE industry that was carrying the US economy during those years so you know the government wasn’t going to intervene. I imagine the Bush administration was hoping to be out of office by the time the shit hit the fan.

When you here talk like “no one saw this coming” its mainly geared towards regular working people that really have no clue what is going on in the financial world, a way to try and save face after screwing us over.

[salo_t]

I think most people in the business knew that the outcome was going to be pretty ugly but with everyone making big money hand over fist who was going to be the one to stand up and try to stop the money train? Really it was the RE industry that was carrying the US economy during those years so you know the government wasn’t going to intervene. I imagine the Bush administration was hoping to be out of office by the time the shit hit the fan.

When you here talk like “no one saw this coming” its mainly geared towards regular working people that really have no clue what is going on in the financial world, a way to try and save face after screwing us over.

[Author]

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