Re: Are We Doing It Right? Not So Much


"trudogg" <independent@xxxxxxxxx> wrote in message
news:3m49q492gp4ffum12bdf1ptcponppaneh9@xxxxxxxxxx
On Tue, 24 Feb 2009 15:50:25 -0800, "Ernie Jurick"
<invalidexample@xxxxxxxxxxxxxxx> wrote:

...either way, the bottom line is these clowns allowed trillions in
very risky paper to overwhelm our economy. It happened and they are to
blame. What's so hard to understand?

Why you keep insisting that the people who lost the most are somehow to
blame. The system failed, not the people using the system. If a bridge
collapsed, would you blame the drivers using the bridge at the time? The
financial houses were like the drivers on the bridge, blissfully unaware
of
what was going on beneath them. Then last year the bridge collapsed
without
warning.

...you obviously have a bias in favor of the ones running the banks.

Not at all. A bias would be if I defended a bank or investment house which
made a killing on the crash. But there were no winners, and the partners in
those institutions lost more than anyone. They have not, however lost the
skills that grew the American economy to the size it was before the bridge
collapsed, and they are obviously in the best position to begin the
rebuilding process. I might point out your own obvious and ungrounded bias
against the banks in spite of all the evidence to the contrary I've
presented. You seem to think there was some grand conspiracy at work--
perhaps the Illuminati-- and that all the money lost has been secretly
hidden away in a bank in Atlantis.

Are these the "rich" relatives you spoke of earlier. Disprove my
statement above or just agree to disagree.

None of my relatives is in banking or financial mananagement. I know that 2
of them have been hard hit by the fall of Lehman Bros. The other one I
haven't seen or spoken with for 55 years, although I've followed the rise of
the corporation, at least until it was sold in 2007. I can't "agree to
disagree," since it's not an equivocal situation.
-- Ernie




.

Relevant Pages

  • Re: TS/Hurricane Rita
    ... > Depends what you blame them for. ... So is criticising a government which refuses ... the current WH administration doesn't ... my answer was, "if all my friends jumped off a bridge, I'd find new ...
    (alt.smokers.cigars)
  • Re: Is this a superaccept of a transfer to spades
    ... session of bridge with me. ... transfer to spades. ... and game is a reasonable shot. ... to assign much blame to South for super accepting in the first place, ...
    (rec.games.bridge)
  • Re: AIG and A Govt of Men, Not Laws
    ... first step was loaning money to people who couldn't pay it back. ... banks, it was Congress forcing the banks to loan money to people incapable ... was to live near a golf course. ... any part of the blame. ...
    (rec.music.gdead)
  • Re: AIG and A Govt of Men, Not Laws
    ... banks, it was Congress forcing the banks to loan money to people incapable ... Oddly enough both wings are correct ... any part of the blame. ...
    (rec.music.gdead)
  • im back,, i think , and about the bridge
    ... i'm on "talk about" and tried to post yesterday but lost the post. ... scroll arrow at the bottom is so close to the reset button that i must ... but could lurk some of the time. ... my niece goes on the street that goes under the bridge twice a day ...
    (alt.support.arthritis)
Loading