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April 16, 2010 at 10:19 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539832April 16, 2010 at 10:19 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540304
sdduuuude
Participant[quote=Zeitgeist]Greed.[/quote]
Greed can’t be the problem. It exists in both good and bad times.
April 16, 2010 at 10:19 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540396Participant[quote=Zeitgeist]Greed.[/quote]
Greed can’t be the problem. It exists in both good and bad times.
April 16, 2010 at 10:19 AM in reply to: In hindsight, who is most to blame for the Financial Crisis? #540666Participant[quote=Zeitgeist]Greed.[/quote]
Greed can’t be the problem. It exists in both good and bad times.
Participant[quote=svelte][quote=CDMA ENG][quote=AK]I’d just pulled out a nail in my new house when everything started to creak and shake.
[/quote]WHAT THE F*&K ARE YOU DOING…
Put the nail back in!
CE[/quote]
lol!!!!![/quote]
Chaos theory is amazing like that. A fly flaps its wings in Arkansas, causing a snowstorm in Canada. An Asian man pulls a nail in San Diego, causing an Earthquake in Mexico.
Participant[quote=svelte][quote=CDMA ENG][quote=AK]I’d just pulled out a nail in my new house when everything started to creak and shake.
[/quote]WHAT THE F*&K ARE YOU DOING…
Put the nail back in!
CE[/quote]
lol!!!!![/quote]
Chaos theory is amazing like that. A fly flaps its wings in Arkansas, causing a snowstorm in Canada. An Asian man pulls a nail in San Diego, causing an Earthquake in Mexico.
Participant[quote=svelte][quote=CDMA ENG][quote=AK]I’d just pulled out a nail in my new house when everything started to creak and shake.
[/quote]WHAT THE F*&K ARE YOU DOING…
Put the nail back in!
CE[/quote]
lol!!!!![/quote]
Chaos theory is amazing like that. A fly flaps its wings in Arkansas, causing a snowstorm in Canada. An Asian man pulls a nail in San Diego, causing an Earthquake in Mexico.
Participant[quote=svelte][quote=CDMA ENG][quote=AK]I’d just pulled out a nail in my new house when everything started to creak and shake.
[/quote]WHAT THE F*&K ARE YOU DOING…
Put the nail back in!
CE[/quote]
lol!!!!![/quote]
Chaos theory is amazing like that. A fly flaps its wings in Arkansas, causing a snowstorm in Canada. An Asian man pulls a nail in San Diego, causing an Earthquake in Mexico.
Participant[quote=svelte][quote=CDMA ENG][quote=AK]I’d just pulled out a nail in my new house when everything started to creak and shake.
[/quote]WHAT THE F*&K ARE YOU DOING…
Put the nail back in!
CE[/quote]
lol!!!!![/quote]
Chaos theory is amazing like that. A fly flaps its wings in Arkansas, causing a snowstorm in Canada. An Asian man pulls a nail in San Diego, causing an Earthquake in Mexico.
ParticipantI love earthquakes. Seriously. I just think they are the coolest thing in the world. If you could buy a ticket to be in the next big one, I would do it. Something to do with my obsession with physical power (battlebots, drag races) Just too bad people get hurt in them.
I was in Loma Prieta and here in SD for Northridge. This would have been a nice addition to my portfolio but I was out of town and missed it. I’m sooooo bummed.
Loma Prieta lasted about 30 seconds. I was in a basement classroom (which sucks – I wish I was outside in the middle of a large flat field so I could see the movement of the ground.) Anyway – I had time to gather my books, go outside, run up the steps and look around. The steps were going right and left as I went up them. The engineering building there had a seismograph in it. It was busy for days afterward.
By the way – running out of the building is a bad idea. Things can fall off of buildings and hit you.
ParticipantI love earthquakes. Seriously. I just think they are the coolest thing in the world. If you could buy a ticket to be in the next big one, I would do it. Something to do with my obsession with physical power (battlebots, drag races) Just too bad people get hurt in them.
I was in Loma Prieta and here in SD for Northridge. This would have been a nice addition to my portfolio but I was out of town and missed it. I’m sooooo bummed.
Loma Prieta lasted about 30 seconds. I was in a basement classroom (which sucks – I wish I was outside in the middle of a large flat field so I could see the movement of the ground.) Anyway – I had time to gather my books, go outside, run up the steps and look around. The steps were going right and left as I went up them. The engineering building there had a seismograph in it. It was busy for days afterward.
By the way – running out of the building is a bad idea. Things can fall off of buildings and hit you.
ParticipantI love earthquakes. Seriously. I just think they are the coolest thing in the world. If you could buy a ticket to be in the next big one, I would do it. Something to do with my obsession with physical power (battlebots, drag races) Just too bad people get hurt in them.
I was in Loma Prieta and here in SD for Northridge. This would have been a nice addition to my portfolio but I was out of town and missed it. I’m sooooo bummed.
Loma Prieta lasted about 30 seconds. I was in a basement classroom (which sucks – I wish I was outside in the middle of a large flat field so I could see the movement of the ground.) Anyway – I had time to gather my books, go outside, run up the steps and look around. The steps were going right and left as I went up them. The engineering building there had a seismograph in it. It was busy for days afterward.
By the way – running out of the building is a bad idea. Things can fall off of buildings and hit you.
ParticipantI love earthquakes. Seriously. I just think they are the coolest thing in the world. If you could buy a ticket to be in the next big one, I would do it. Something to do with my obsession with physical power (battlebots, drag races) Just too bad people get hurt in them.
I was in Loma Prieta and here in SD for Northridge. This would have been a nice addition to my portfolio but I was out of town and missed it. I’m sooooo bummed.
Loma Prieta lasted about 30 seconds. I was in a basement classroom (which sucks – I wish I was outside in the middle of a large flat field so I could see the movement of the ground.) Anyway – I had time to gather my books, go outside, run up the steps and look around. The steps were going right and left as I went up them. The engineering building there had a seismograph in it. It was busy for days afterward.
By the way – running out of the building is a bad idea. Things can fall off of buildings and hit you.
ParticipantI love earthquakes. Seriously. I just think they are the coolest thing in the world. If you could buy a ticket to be in the next big one, I would do it. Something to do with my obsession with physical power (battlebots, drag races) Just too bad people get hurt in them.
I was in Loma Prieta and here in SD for Northridge. This would have been a nice addition to my portfolio but I was out of town and missed it. I’m sooooo bummed.
Loma Prieta lasted about 30 seconds. I was in a basement classroom (which sucks – I wish I was outside in the middle of a large flat field so I could see the movement of the ground.) Anyway – I had time to gather my books, go outside, run up the steps and look around. The steps were going right and left as I went up them. The engineering building there had a seismograph in it. It was busy for days afterward.
By the way – running out of the building is a bad idea. Things can fall off of buildings and hit you.
April 14, 2010 at 3:47 PM in reply to: In hindsight, who is most to blame for the Financial Crisis? #539087ParticipantFederal Reserve in combination with the ratings agencies.
One provided cheap capital.
The other convinced banks to lend more than they would have otherwise lent by convincing them that MBS were quality when they, simply, weren’t.
If ratings agencies were held accountable for their bad ratings, they would all be in jail. If they were financially accountable, they would all be bankrupt. They are neither.
To some extent, those who were dumb enough to believe the ratings agencies have a hand in it as well. Why believe what someone is telling you if there is no downside for them if they are wrong ? Why even ask in the first place?
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