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As you can see I haven't really been following this shit at all.
I feel like a dickhead for not though.
MF Global was blatant theft. People should be going to jail for what happened there.Originally Posted by Advocate
JPM did nothing illegal - they just gambled with their customers money and lost. The discussion is whether that should be legal or not.
As you can see I haven't really been following this shit at all.
I feel like a dickhead for not though.
I can do all things through Christ, who strengthens me.
can't wake up
MF Global broke the law by stealing money from clients to spend on nonsense. It's clear as day - and there's about a 99.99% chance that Corzine knew about it and a 100% chance the executive team underneath him knew about it. Now the money is gone and they claim they "don't know" what happened to it.
Will they get charged? Certainly not. We have a two-tiered justice system in this country, where regular folks get thrown in jail for smoking a blunt while the rich and connected do whatever they want.
Last edited by Diff-chan; 23 May 2012 at 11:44 AM.
Wild Arms Junky.
Question for Gooch if he reads this, would also be interested in Diff's opinion, maybe Yosh's too. Why have homes risen in value enough to perpetuate the idea that every home should increase in value and is more or less a with out fail good investment? I understand the reasoning behind the land it's on rising in perpetuity sans nuclear or toxic hazards since land is limited. Houses though, aren't. We can make tons of houses and often times an older house will be under many viewpoints much lousier than a modern house. Older houses might not have central HVAC or might have aluminum wiring or even leaded pipes if the house is older enough etc. etc. so why don't older houses depreciate like older cars? Especially since houses more or less lack a tradeable commodity aspect like collector cars or baseball cars.
How come the market has been so bad at reigning in home prices so the average mortgage/rent consumes so much of every one's paycheck?
http://www.fvza.org/index.html
I'd say it was simple supply and demand, and if the bubble didn't burst when it did, it would have likely burst as the Baby Boomers start to die off, as the supply curve would have then grossly overrun the demand curve. It also didn't help that real estate was seen as a relatively safe investment where people could almost guarantee a return. That just further increased the demand beyond people looking for a place to live.
Introduce a VAT tax in this country and amend the Constitution to say VAT in this country is will only apply to health care and social security. I'll gladly pay more if I was sure I had a nice pay out once I retire on top of what I have and never had to pay for private healthcare again.
In reality, you'd probably pay the same shit anyway. In fact, it may be even lower since it's no longer for profit. And you get your shit covered. Sod off.
Fuck that. I'll take care of my own retirement, so stay away from my money, thanks.
I think it's silly if you're guaranteed the same outcome. Even if you are paying for your retirement now good luck getting anything beyond 3% on anything since the banks are now reeling all that shit in.
Are you saying that only I can get out what I put in? If so, I'd be interested in hearing more. If it's more of the same as the current shit where people who don't pay a cent can steal others' money on the back end, fuck it.
There's no way I'd support living better in retirement than you did working.
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