Oh that is the deep thinking, they could do the mandatory service in the GRU or something.
He was not a banker at all but a securities brokerage, but it seems it is a sterile effort to bother to try to correct your misunderstandings, as this is not really a debate, but more a ranting probably better for the Pit in the end. But since he ran a huge open fraud, with the fraudulent and the faked documents, rather than just being incompetent or making mistakes… not surprising he was convicted.
It seems to me the Ayn Rand philosophy that seems to be the heart of the american libertarianism (at least most of those that post on this board) is really an inversion of Communism.
(((((((( “In the United States the term “deep state” is used in political messaging to describe a controversial belief.[1][2] As described in 2013 by Mike Lofgren,[3] a former Republican U.S. congressional aide, the deep state is “a hybrid association of elements of government and parts of top-level finance and industry that is effectively able to govern the United States without reference to the consent of the governed as expressed through the formal political process.” [4][5] The term is often used in a critical sense vis-à-vis the general electorate to refer to the lack of influence popular democracy has on these institutions and the decisions they make as a shadow government.[6][7] An April 2017 poll documented that 48% of Americans thought there was a “deep state”.[8] ))))))))
I think you’ll find that libertarians oppose the draft (except in the case of the first group on this continent to use it), so forcing service on bankers will not go over well with libertarians. By the way, what was your service in the military like?
No, i was not in the US military. But I watched both twin towers fall down from across the river in Brooklyn, and since that day I have always had a large interest in politics.
Many people from my area went into the city in the months after that day to pick the bodies out of the rubble, and many of them of them now have breathing problems from all the concrete dust they inhaled. they are not wealthy people, in fact they are poor people.
i just hate to see poor people being taken advantage of by the rich/super powerful. The rich can run rings around the poor, because many people in my area are uneducated/don’t have a good education. If you asked them about banking/federal reserve they wouldn’t have the slightest clue.
So your confident assertions about the effect of boot camp are not based on personal knowledge. You also confidently asserted that credit default swaps were a bad thing, but can’t explain what they are. It seems like your heart is in the right place, but you keep talking about things without making the least effort to find the facts first.
Yes, it was a problem that the Depression occurred while the ESB was being built. That is true for lots of unlucky builders. But you might have noticed that there is no Depression in China, so the relevance of your story tp my point is unclear.
And do you have a cite for excessive lending being a cause of the Depression. Lending for buying stock on margin, perhaps. I’ve never hear that one.
There was no depression when the bankers lent their money. Investments like this were not the cause.
Lots of banks fail, actually (or did during the recession) but they got sold to other banks. Their depositors were protected by FDIC (not the Fed) which discourages bank runs since depositors are sure to get their money and thus don’t have to panic.
I drove by the Tesla plant on my way to work, so that makes me an expert using your logic. Tesla had to buy it from its previous occupants, Nummi. (Maybe going through a few stages.) Where did Musk get the money to do this? And buy the production machinery? Banks. Venture capitalists. None of whom are productive using your definition - but all of whom enable production.
When I worked in Silicon Valley, there were lovely people who were close to us, in the sense that they emptied our trash and mopped our floors. None of them saw fit to participate in a thread on microprocessor design.
The Koch Brothers — leading “intellectual” lights of Libertarianism — are motivated strictly by greed. They elevate property rights over human rights. Oh sure, they support the “liberties” of guns, sodomy and marijuana as well — that’s just to dupe more voters: Kochs and the other libertarian greed-mongers don’t care about those issues.
The Kochs want the “liberty” to pollute streams and poison humans near their factories. I guess that’s “non-violent” since those humans are at liberty to pack up their house and move to a state or country which has respect for human beings.
Why did Lehman brothers, an investment bank, need to have $639 billion dollar of assets before filing for bankruptcy? On the day Lehman Brothers collapsed, why were employees seen running out the headquarters destroying documents, emptying their filing cabinets?
excactly how many people were put in jail because of the collapse of Lehman brothers, which was one of the worst events in US history but also they weren’t even the only investment bank practiceing corruption and greed?
How does a bank, which produces nothing, get nearly $700 billion dollars in assets. Could it have been highly leveraged loans, high rate of interest, basically legalized stealing?
A combination of investment and commercial banking. The commercial side wanted to capitalize on ARM loans, and the investment side wanted to capitalize on rising real estate values.
In the modern western nations, going bankrupt is not a crime against the state.
Repeating again and again the various ad hoc conspiracy theory assertions is not advancing any understanding. Or even debate as we bounce from one subject to another as if nothing was previously posted.
The Lehman brothers was not a commercial lending hbank and its bankruptcy was the secondary securities trading in the capital market.
but I guess it is pointless to try to have any factual reasoning here.
And the reason the I didnt join the army was because they wouldn’t take me, since I didn’t have a green card. me and my brother came to ameirca at the same time, he was in army and also a fireman. Trust me I would have joined the army if they would take me, when I first came to america my first job was doing manual labor and payed $140 a day. I hated that job. even now I still do similar jobs but get payed a lot more.
‘Former marine jailed’ gets about 8,650,000 results on Google. Whereas ‘sanitation worker jailed’ nets only about 283,000 results.
Admittedly this is not scientific. And there are probably some number of former marines in sanitation which skews things. Still, I have already provided far more vigor to show that garbage men would be more honest and humble than marines would be especially in response to someone exhibiting marked troll-like tendencies.
It says right on Wikipedia that Richard S. Fuld Jr. (the CEO of Lehman brothers) and Jamie Diamond (the CEO of JPMorganChase, I think the largest bank in America by far) have both served on on the the board of directors of the federal reserve bank of New York.
Both of these individuals command salaries in the ten of millions of dollar range. With hundreds of millions of dollars in assets.
It couldn’t be possible that in their capacity as members of the board of directors of the federal reserve bank of New York, they favor the interests of the big banks, could it?