Citigroup says gold could rise above $2,000 next year as world unravels

[clambake]

Everybody took part in the so called "corruption".

Many people unrelated to Wall Street benefited from the causes of taday's problems: ever-increasing real estate prices, extremely low credit card interest rates, lax lending requirements, cero down payment mortgage loans, no money down car loans, credit-galore form appliance and computer retailers, etc, etc, etc . . .

everybody did not take part. i know you were generalizing that statement.

the ones that didn't take part are the ones that are pissed. and that block of taxpayers is enormous.

[smeagol]

as heavily invested as i am, i should watch my ass, huh?

I guess not. You seem to be part of the CD investment school of thought (there is nothing wrong with that)

words in my mouth? could you quote my statement where i said anything remotely similar?

Given that the majority of the shares from these banks, which owe money to Uncle Sam, are still floating in the market, in order for what you suggested (nobody should profit until debt is restored) to actually happen, then the Governemnt should buy 100% of the shares.

You didn't say that, I simply expanded your ridiculous statement.

is that your suggestion?

No. I'm just following you irrational line of reasoning.

Otherwise, explain to me how this statement can be put to practice:

shareholders should not profit until debts are restored.

[smeagol]

everybody did not take part. i know you were generalizing that statement.

Not everyone . . . that is why the second paragraph staerted with "Many people . . ."

nevertheless, it was a lot of people.

the ones that didn't take part are the ones that are pissed. and that block of taxpayers is enormous.

Well, if you did not take out a funky mortgage, bought a car with no refunds attached to it, carried credit card debt at close to cero interest rate debts, did not buy a computer on credit from Best Buy/CompUSA/Circuit City, etc then you have reasons to be pissed off.

I don't think that block of taxpayers is enormous by any stretch of the imagination. If this were the case, the mess we are in would not be a big as it is.

[clambake]

i was talking about the debts that are owed to our society. holding those responsible, removing their wealth that was gained by their corruptive operations, removing their ability to hold positions now and in the future, in other words cutting them out like tumors.....not the people that bought a blender from best buy.

how do you feel about accountability?

[clambake]

oh, i get it. you're saying that everyone with credit card debt, car payments, mortgage payments etc..... are implicated. (thought i'd start guessing what you're saying)

[smeagol]

i was talking about the debts that are owed to our society.

This is my problem with your vague way of writting.

holding those responsible, removing their wealth that was gained by their corruptive operations,

Tell me about the corrupt operations. if they were truly corrup, they would be in jail or in the process of ending up in jail.

The big issue of this whole mess lies with Governemtn itself. It is called lack of oversight.

removing their ability to hold positions now and in the future, in other words cutting them out like tumors.....not the people that bought a blender from best buy.

If a society choses to live under capitalism, these things will happen. It comes with freedom. The larger part of the problem lies with the regulators.

how do you feel about accountability?

Who is accountable for this mess that has been in an incubator for 20 years?

It is difficult to say.

I would favor for some top executives of banks that went under to give their bonuse back. That would be pretty funny!

[smeagol]

oh, i get it. you're saying that everyone with credit card debt, car payments, mortgage payments etc..... are implicated. (thought i'd start guessing what you're saying)

Implicated makes it sound as if this were a big conspiracy . . .

Do you know why the economy is in the mess it is in?

I will give you a hint: it has to do with mortgages, car payments and credit card debt . . .

[smeagol]

Currently Active Users Viewing This Thread: 5 (3 members and 2 guests)
smeagol, ChumpDumper, clambake

Hey chump, how are you doing?

No hard feelings . . .

[clambake]

This is my problem with your vague way of writting.

i have a habit of expecting everyone to understand me.

Tell me about the corrupt operations. if they were truly corrup, they would be in jail or in the process of ending up in jail.

The big issue of this whole mess lies with Governemtn itself. It is called lack of oversight.

this is the problem. seeing what you can get away with when nobodys looking.

If a society choses to live under capitalism, these things will happen. It comes with freedom. The larger part of the problem lies with the regulators.

completely agree. i would be lying if i said i hadn't benefited from aig.

Who is accountable for this mess that has been in an incubator for 20 years?

It is difficult to say.

I would favor for some top executives of banks that went under to give their bonuse back. That would be pretty funny!

to walk away clean is disgraceful.

[ChumpDumper]

I never have hard feelings about message board BS. I did once with whottt and felt like a true idiot about it.

Had a great time at the game. Had a nice conversation with another Spurs exec.

[clambake]

Implicated makes it sound as if this were a big conspiracy . . .

Do you know why the economy is in the mess it is in?

I will give you a hint: it has to do with mortgages, car payments and credit card debt . . .

they knew they were bundling worthless paper and selling it like legitimate assets.

[smeagol]

I never have hard feelings about message board BS. I did once with whottt and felt like a true idiot about it.

Had a great time at the game. Had a nice conversation with another Spurs exec.

[smeagol]

they knew they were bundling worthless paper and selling it like legitimate assets.

I asked you a question.

Why is the economy in the mess it is in?

I'm assuming you do not want to answer it or you do not know the answer.

It has to do with debt. Too much debt. A society that takes too much debt. More debt than they can repay back.

If a company does that, they go bankrupt.

If a society does that . . . well, let's just say there is no free lunch . . .

[clambake]

you think we're talking about 2 different things? or you're just focused on one thing.

the closest IMO is when you said oversight. we all know what the package consist of.

[smeagol]

you think we're talking about 2 different things? or you're just focused on one thing.

the closest IMO is when you said oversight. we all know what the package consist of.

I'm sorry but I don't follow.

But don't worry, we should probably let this thread die anyways . . .

[whottt]

I never have hard feelings about message board BS. I did once with whottt and felt like a true idiot about it.

Had a great time at the game. Had a nice conversation with another Spurs exec.

Which time was that? When you took that shot at my Real Estate career?


that didn't bother me at all...in fact I was pretty hyped up I managed to piss you off that bad. I always thought you were drunk or something though.

You've actually pissed me off worse with some of your scrub loving takes.

In any case...I was a ty RE Agent...probably because I had absolutely no desire to be one, was doing it almost 100% out of guilt and obligation, and it wasn't a direction I really was looking to go again in my life...at all.

Does me no good to lie about it.

There's a long story about why I quit my old job to become one....remind me to tell you about it sometime.

For now I'll just say...never get involved with a married woman.

[ChumpDumper]

Which time was that? When you took that shot at my Real Estate career?


that didn't bother me at all...in fact I was pretty hyped up I managed to piss you off that bad. I always thought you were drunk or something though.

It bothered me.

In any case...I was a ty RE Agent...probably because I had absolutely no desire to be one....

Does me no good to lie about it.

There's a long story about why I quit my old job to become one....remind me to tell you about it sometime.

For now I'll just say...never get involved with a married woman.

Duly noted.

[whottt]

It bothered me.

Duly noted.

I edited my post...you've pissed me off a lot worse than you did with that comment....just with your basketball takes.