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March 18, 2008 at 8:04 AM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172232March 18, 2008 at 8:04 AM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172564
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ParticipantI never gave much thought (one way or the other) about these economics professor types until this bubble started really bursting. It now seems like the majority of data that many of them bestowed upon us before the burst was the biggest bunch of hog crap that ever filled a pig farm. How do colleges and universities justify paying these people when many average citizens could see something that their genius type professors couldn’t? Pretty sad!
March 18, 2008 at 8:04 AM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172569ParticipantI never gave much thought (one way or the other) about these economics professor types until this bubble started really bursting. It now seems like the majority of data that many of them bestowed upon us before the burst was the biggest bunch of hog crap that ever filled a pig farm. How do colleges and universities justify paying these people when many average citizens could see something that their genius type professors couldn’t? Pretty sad!
March 18, 2008 at 8:04 AM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172591ParticipantI never gave much thought (one way or the other) about these economics professor types until this bubble started really bursting. It now seems like the majority of data that many of them bestowed upon us before the burst was the biggest bunch of hog crap that ever filled a pig farm. How do colleges and universities justify paying these people when many average citizens could see something that their genius type professors couldn’t? Pretty sad!
March 18, 2008 at 8:04 AM in reply to: Remember the Cal Poly Professor who wrote a paper refuting the housing bubble? #172671ParticipantI never gave much thought (one way or the other) about these economics professor types until this bubble started really bursting. It now seems like the majority of data that many of them bestowed upon us before the burst was the biggest bunch of hog crap that ever filled a pig farm. How do colleges and universities justify paying these people when many average citizens could see something that their genius type professors couldn’t? Pretty sad!
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ParticipantGolfgal: I am well aware of how the banking system works. I’m a retired CEO and am 60 years old. I’ve read quite a bit about the Great Depression and I knew all of my grandparents and great grandparents who all lived to be in their late 80’s and 90’s. They told me, first hand, what happened during the depression to Joe Six Pack.
What I’ve learned in life is that if you give some people enough freedom with money, they turn into sociopaths and have no regard for what will/can happen to anyone else. I certainly didn’t raise my children with this philosophy but I’ve worked with enough spoiled adults who never think of the consequences of their actions. This is one of those cases and my opinion is that you can’t manage a crisis with situational ethics. You’re simply going to do more long term harm. We’ll just have to agree to disagree about how big brother should or shouldn’t get involved in this mess.
Once thing is for sure. There is absolutely nothing at this point that is going to stop a hard recession (and hopefully not a depression). It’s too late.ParticipantGolfgal: I am well aware of how the banking system works. I’m a retired CEO and am 60 years old. I’ve read quite a bit about the Great Depression and I knew all of my grandparents and great grandparents who all lived to be in their late 80’s and 90’s. They told me, first hand, what happened during the depression to Joe Six Pack.
What I’ve learned in life is that if you give some people enough freedom with money, they turn into sociopaths and have no regard for what will/can happen to anyone else. I certainly didn’t raise my children with this philosophy but I’ve worked with enough spoiled adults who never think of the consequences of their actions. This is one of those cases and my opinion is that you can’t manage a crisis with situational ethics. You’re simply going to do more long term harm. We’ll just have to agree to disagree about how big brother should or shouldn’t get involved in this mess.
Once thing is for sure. There is absolutely nothing at this point that is going to stop a hard recession (and hopefully not a depression). It’s too late.ParticipantGolfgal: I am well aware of how the banking system works. I’m a retired CEO and am 60 years old. I’ve read quite a bit about the Great Depression and I knew all of my grandparents and great grandparents who all lived to be in their late 80’s and 90’s. They told me, first hand, what happened during the depression to Joe Six Pack.
What I’ve learned in life is that if you give some people enough freedom with money, they turn into sociopaths and have no regard for what will/can happen to anyone else. I certainly didn’t raise my children with this philosophy but I’ve worked with enough spoiled adults who never think of the consequences of their actions. This is one of those cases and my opinion is that you can’t manage a crisis with situational ethics. You’re simply going to do more long term harm. We’ll just have to agree to disagree about how big brother should or shouldn’t get involved in this mess.
Once thing is for sure. There is absolutely nothing at this point that is going to stop a hard recession (and hopefully not a depression). It’s too late.ParticipantGolfgal: I am well aware of how the banking system works. I’m a retired CEO and am 60 years old. I’ve read quite a bit about the Great Depression and I knew all of my grandparents and great grandparents who all lived to be in their late 80’s and 90’s. They told me, first hand, what happened during the depression to Joe Six Pack.
What I’ve learned in life is that if you give some people enough freedom with money, they turn into sociopaths and have no regard for what will/can happen to anyone else. I certainly didn’t raise my children with this philosophy but I’ve worked with enough spoiled adults who never think of the consequences of their actions. This is one of those cases and my opinion is that you can’t manage a crisis with situational ethics. You’re simply going to do more long term harm. We’ll just have to agree to disagree about how big brother should or shouldn’t get involved in this mess.
Once thing is for sure. There is absolutely nothing at this point that is going to stop a hard recession (and hopefully not a depression). It’s too late.ParticipantGolfgal: I am well aware of how the banking system works. I’m a retired CEO and am 60 years old. I’ve read quite a bit about the Great Depression and I knew all of my grandparents and great grandparents who all lived to be in their late 80’s and 90’s. They told me, first hand, what happened during the depression to Joe Six Pack.
What I’ve learned in life is that if you give some people enough freedom with money, they turn into sociopaths and have no regard for what will/can happen to anyone else. I certainly didn’t raise my children with this philosophy but I’ve worked with enough spoiled adults who never think of the consequences of their actions. This is one of those cases and my opinion is that you can’t manage a crisis with situational ethics. You’re simply going to do more long term harm. We’ll just have to agree to disagree about how big brother should or shouldn’t get involved in this mess.
Once thing is for sure. There is absolutely nothing at this point that is going to stop a hard recession (and hopefully not a depression). It’s too late. -
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