| Posted by | Message |
Interception
Providence Fan
Member since Nov 2008
8559 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:10 pm to DA)
quote:
They would have all collapsed.
Ask Goldman Sachs.
Seriously, do you even care what the facts are? Jamie Diamond had a gun to his head to take the bailout money. JP Morgan did not need the money. It's a fact!
|
| Back to top | |
LSURussian 
LSU Fan
Baton Rouge
Member since Feb 2005
63142 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:12 pm to Ton Chou)
Do you have any idea how much it would cost if each borrower had to find an individual with excess cash and who might be willing to loan that borrower the money? I've seen that type of system working in certain countries in Africa and the interest rates and the administrative costs make that system too expensive to function, thus making any economic development impossible.
The "risks" you talk about must be managed or the investors (stockholders) could lose 100% of their investment, just as what happened to over 300 U.S. banks during this last recession.
Or would you rather all capital expenditures come from equity financing only? That's the way almost 50% of economies in the world work today. And all of those economies are on the bottom of any economic development survey.
Your entire "understanding" of the financial intermediary function is like that of an 8 year old. Or, you're just a socialist?
Which is it?
|
| Back to top | |
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63142 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:13 pm to DA)
quote:
They pit you against me, take their cut, and laugh all the way to the bank.
Everyone is pitted against you, dumbass. And I laugh at you all the way to my bank.....
|
| Back to top | |
jcole4lsu 
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
21809 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:14 pm to LSURussian)
quote:
Or, you're just a socialist?
guy reeks of occupy. not to mention hes armed with a snazzy (albeit inaccurate) analogy.
|
| Back to top | |
donRANDOMnumbers 
SW Missouri State Fan
Lafayette Rouge
Member since Nov 2006
9709 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:18 pm to Ton Chou)
sound like a hippy IMO
|
| Back to top | |
DA
LSU Fan
Member since Sep 2007
16251 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:29 pm to Interception)
He still benefited. If Goldman goes down, they all go down. We, the government, saved your asses. The irony is crazy good, lol.
|
| Back to top | |
jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
21809 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:30 pm to DA)
quote:
If Goldman goes down, they all go down
perhaps.
if they all go down, WE all go down.
so essentially, we saved ourselves.
|
| Back to top | |
DA
LSU Fan
Member since Sep 2007
16251 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:30 pm to jcole4lsu)
quote:
perhaps.
if they all go down, WE all go down.
so essentially, we saved ourselves
Yea.
Obama should say, "We didn't build that, we saved that!"
This post was edited on 8/14 at 10:32 pm
|
| Back to top | |
Interception
Providence Fan
Member since Nov 2008
8559 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:32 pm to DA)
DA, every bank benefitted by that reasoning including the small banks.
|
| Back to top | |
PillageUrVillage
LSU Fan
Mordor
Member since Mar 2011
1872 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:32 pm to LSURussian)
quote:
Ton Chou
quote:
Well then debate me
quote:
Posted by LSURussian Do you have any idea how much it would cost if each borrower had to find an individual with excess cash and who might be willing to loan that borrower the money? I've seen that type of system working in certain countries in Africa and the interest rates and the administrative costs make that system too expensive to function, thus making any economic development impossible. The "risks" you talk about must be managed or the investors (stockholders) could lose 100% of their investment, just as what happened to over 300 U.S. banks during this last recession. Or would you rather all capital expenditures come from equity financing only? That's the way almost 50% of economies in the world work today. And all of those economies are on the bottom of any economic development survey. Your entire "understanding" of the financial intermediary function is like that of an 8 year old. Or, you're just a socialist? Which is it?
|
| Back to top | |
jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
21809 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:33 pm to DA)
quote:
Obama should say, "We didn't build that, we saved that!"
shouldnt bush be the one to say that?
|
| Back to top | |
Interception
Providence Fan
Member since Nov 2008
8559 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:35 pm to DA)
If a few of the large banks go down and JP Morgan is left standing then they benifited by the governments inaction.
|
| Back to top | |
90proofprofessional
LSU Fan
Member since Mar 2004
6120 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:37 pm to DA)
quote:
We, the government, saved your asses.
Good thing 'you' had money taken mostly from producers to do such a thing in the first place
leech
This post was edited on 8/14 at 10:38 pm
|
| Back to top | |
Ton Chou
LSU Fan
On the Levee
Member since Feb 2010
211 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:39 pm to LSURussian)
Absolutely not a socialist. I have no issue with the borrowing aspects of these banks. Its the commodity trading. A majority of these investment banks income comes from commodity trading for their own benefit. Look at goldman's income statements and you will see. Even coca-cola sued them recently for hoarding aluminum and driving up prices. I guess you know more the the lawyers and executives of one of the largest companies in the world. In my opinion, if you dont produce anything that uses the raw materials traded, you have no business trading in it. Banks should also be prevented from owning means of production to circumvent this. I promise you they are not using the profits earned in commodities trading, which ultimately comes out of our pockets, to offer lower costs loans to businesses. As with my ticket scalping analogy, I would much rather the artists, promoters etc. raise their prices and benefit from it than a scumbag ticket brocker or scalpers. They made the product. And for the record, I am far right leaning on fiscal and social issues. There is nothing in the democrats ideology I agree with. I just hate this aspect of Wall St.
|
| Back to top | |
jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
21809 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:41 pm to Ton Chou)
quote:
if you dont produce anything that uses the raw materials traded, you have no business trading in it. Banks should also be prevented from owning means of production to circumvent this.
yeah, because this just screams free market economy to me
|
| Back to top | |
90proofprofessional
LSU Fan
Member since Mar 2004
6120 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:43 pm to Ton Chou)
quote:
if you dont produce anything that uses the raw materials traded, you have no business trading in it.
what if you can bear risk that those who produce the materials can't?
|
| Back to top | |
Ton Chou
LSU Fan
On the Levee
Member since Feb 2010
211 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:49 pm to 90proofprofessional)
Then why can't orange farmers for instance, join together, work with manufacturers who use oranges to determine needs, and collective agree to prices that allow the orange farmers to profit. Why should some hack in a suit make millions off of setting a betting line?
|
| Back to top | |
90proofprofessional
LSU Fan
Member since Mar 2004
6120 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 10:57 pm to Ton Chou)
your shite is too incoherent
quote:
collective agree to prices that allow the orange farmers to profit
antitrust law?
quote:
Why should some hack in a suit make millions off of setting a betting line?
how is this is any way analogous, or true?
|
| Back to top | |
Ton Chou
LSU Fan
On the Levee
Member since Feb 2010
211 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 11:05 pm to 90proofprofessional)
Someone is taking on a risk, whether it be Goldman, a manufacturer or a producer. Ultimately the cost of that risk gets passed on to the consumer. I would rather see manufacturers who have the means temporarily absorb this risk cut these banks out. They won't lose, because either way, the cost is passed to the consumer. This way, the profits stay with the manufacturers and or producers which in my opinion would contribute to more jobs than if the money goes in Wall Streets coffers to keep excacerbating the situation.
|
| Back to top | |
navy 
Navy Fan
Bannedeville, LA
Member since Sep 2010
3424 posts
| re: JPMorgan CEO Hits Breaking Point on Gov’t Regs: ‘It’s a Free. F**king. Country’ (Posted on 8/14/12 at 11:05 pm to HailHailtoMichigan!)
quote:
There is a movement growing in this country- a movement that will put leftist economic policies in the trash heap of history.
Courtesy of their Messiah/Chosen One ... Barack Hussein Obama ... mmm mmm mmmmmmmm ... who will be defeated in November.
|
| Back to top | |
