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Remember that big economic collapse about a decade ago

Posted on 6/28/20 at 10:48 pm
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
49928 posts
Posted on 6/28/20 at 10:48 pm
It’s hard to remember so long ago but I think it was around 2008 or so, was the end of Lehman Brothers, And a bunch of financial and we were just a step away from a complete collapse of our economic system. I seem to remember the public had to spend trillions to save all the big investment banks, and millions lost their jobs. Whatever happened with all that, anyone ever go to jail, did banks ever change their practices of investing in super risky junk, did anyone change their compensation packages so they they were simply rewards short term profit, and discounting long term risk, did they pass any regulations on all this, or do anything at all......
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 6/28/20 at 10:49 pm to
quote:

did banks ever change their practices of investing in super risky junk
well you actually have to have an income to buy houses now, so.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37588 posts
Posted on 6/28/20 at 10:50 pm to
quote:

Whatever happened with all that, anyone ever go to jail, did banks ever change their practices of investing in super risky junk, did anyone change their compensation packages so they they were simply rewards short term profit, and discounting long term risk, did they pass any regulations on all this


Yes to all of this....


Whats your point?
This post was edited on 6/28/20 at 10:51 pm
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
151627 posts
Posted on 6/28/20 at 10:50 pm to
Posted by btr08ex
Baton Rouge
Member since Oct 2014
464 posts
Posted on 6/28/20 at 11:08 pm to
Did you just wake up from a coma?
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
49928 posts
Posted on 6/28/20 at 11:15 pm to
You are ducking sheep. Not a damn thing changed idiots. They are betting your pension, IRAs on black 26 to match the waist size of the stripper they blew an 8 ball off her stomach if you are lucky.

No wonder the 1% owns everything. (Lol) They told me you would say this.

Just checking, go back to your pastures. Baaa baaaa

BLM, rebel flags, beer etc. Don’t ever change I just need another 10 or so
This post was edited on 6/28/20 at 11:17 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37588 posts
Posted on 6/28/20 at 11:17 pm to
quote:

You are ducking sheep. Not a damn thing changed idiots. They are betting your pension, IRAs on black 26 to match the waist size of the stripper they blew an 8 ball off her stomach if you are lucky.

No wonder the 1% owns everything. (Lol) They told me you would say this.

Just checking, go back to your pastures. Baaa baaaa


I reckon one more beer and you'll reach nirvana
Posted by olgoi khorkhoi
priapism survivor
Member since May 2011
17111 posts
Posted on 6/28/20 at 11:18 pm to
Unfrozen caveman poster



Posted by Powerman
Member since Jan 2004
175712 posts
Posted on 6/28/20 at 11:18 pm to
quote:

You are ducking sheep. Not a damn thing changed idiots. They are betting your pension, IRAs on black 26 to match the waist size of the stripper they blew an 8 ball off her stomach if you are lucky.

No wonder the 1% owns everything. (Lol) They told me you would say this.

Just checking, go back to your pastures. Baaa baaaa

BLM, rebel flags, beer etc. Don’t ever change I just need another 10 or so

So you're the one starting the thread claiming you have no idea wtf happened and then you start calling everyone else sheep a few responses in?
Posted by LegendInMyMind
Member since Apr 2019
76241 posts
Posted on 6/28/20 at 11:18 pm to
You probably should have waited for a few more legitimate responses. You set the bait and, as you are probably well accustomed to, you blew your load way too early.
Posted by borotiger
Murfreesboro Tennessee
Member since Jan 2004
15253 posts
Posted on 6/28/20 at 11:25 pm to
There should be a vetting process for posters
Posted by Cold Drink
Member since Mar 2016
3482 posts
Posted on 6/28/20 at 11:37 pm to
Remember that World Trade Center plane crash a while ago? What ever happened with all that?
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 6/29/20 at 12:24 am to
No one went to jail. Neither Bush administration nor obama Administration put anyone in jail. The financial reform passed by Congress (democrat majority) bails out the too big to fail banks.
Posted by RealityTiger
Geismar, LA
Member since Jan 2010
20543 posts
Posted on 6/29/20 at 12:38 am to
He told the punchline before even finishing the joke.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
38604 posts
Posted on 6/29/20 at 5:48 am to
if you are trying to get at that most of the posters are only focused on superficial things, then come out and say that. You dhould just say that we got hosed and Wall Street won and now we are continuing to get hosed because thr Federal Reserve purchased the Stock Market in April, etc and all we are focused on is Orange Man tweets and Bubba Wallace....I'm with you.
Posted by OceanMan
Member since Mar 2010
23422 posts
Posted on 6/29/20 at 7:04 am to
You might want to read up on the Obama administration.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37588 posts
Posted on 6/29/20 at 8:11 am to
quote:

TutHillTiger


How's that hangover baw?
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