Duh. This is what they were all doing.
[quote]jsbrook wrote:
Duh. This is what they were all doing.[/quote]
Americans are far too stupid to run the country. Bankers and lawyers are the smartest people on the planet and they are the Guardians (of Plato’s Repubublic fame). Most of the people follow the principle of Aristotle’s common sense but the Elite follows the ideas in Plato. As any lib will tell you, Plato >> Aristotle.
One of the greatest quotes of our generation, published in Rolling Stone: “Goldman Sachs is like a giant vampire squid on the face of humanity”
Goldman Sachs finally replied this April, 9 months after that quote: “No we’re not”
Wait till they get to JP Morgan and find out the metal manipulation that has been going on. This combined with the housing crash coming and the Comercial real estate bubble is going to make the later part of this year and next year really fun.
[quote]Headhunter wrote:
[quote]jsbrook wrote:
Duh. This is what they were all doing.[/quote]
Americans are far too stupid to run the country. Bankers and lawyers are the smartest people on the planet and they are the Guardians (of Plato’s Repubublic fame).[/quote]
So bankers and lawyers are a race apart are they? And how exactly are bankers the “smartest people on the planet”? By cocooning themselves in inescapable debt? Lawyers? Is an encyclopaedic knowledge of the law and a talent for public speaking all that is required to run a country?
And guardians of what? I’ve met very few people in finance that have an interest in anything excepting the girth of their wallet. Seems a flimsy base from which to become a guardian of, ooh, education, say.
This is just complete waffle. Just total nonense. Have you ever?.. I mean… even picked up?.. or just talked to?..
Eh, what’s the point?
Paragraph 18 of the actual criminal complaint is both shocking and hilarious.
[quote]duffyj2 wrote:
[quote]Headhunter wrote:
[quote]jsbrook wrote:
Duh. This is what they were all doing.[/quote]
Americans are far too stupid to run the country. Bankers and lawyers are the smartest people on the planet and they are the Guardians (of Plato’s Repubublic fame).[/quote]
So bankers and lawyers are a race apart are they? And how exactly are bankers the “smartest people on the planet”? By cocooning themselves in inescapable debt? Lawyers? Is an encyclopaedic knowledge of the law and a talent for public speaking all that is required to run a country?
And guardians of what? I’ve met very few people in finance that have an interest in anything excepting the girth of their wallet. Seems a flimsy base from which to become a guardian of, ooh, education, say.
This is just complete waffle. Just total nonense. Have you ever?.. I mean… even picked up?.. or just talked to?..
Eh, what’s the point?[/quote]
Don’t stop. I’m an Aristotelean, not a Platonist.
Bankers and lawyers are much more highly educated than any of us. Don’t you think that an educated elite would be better at running the world than Obama supporters? I mean, c’mon! How does someone who lists their address as a park bench compete with a banker from Princeton or a Harvard Law grad, like Obama?
Just because an idiot has been highly educated in some arena it doesn’t mean they aren’t still an idiot…
[quote]vroom wrote:
Just because an idiot has been highly educated in some arena it doesn’t mean they aren’t still an idiot…[/quote]
…wtf, vroom?! Welcome back!
[quote]Headhunter wrote:
Don’t stop. I’m an Aristotelean, not a Platonist.
Bankers and lawyers are much more highly educated than any of us. Don’t you think that an educated elite would be better at running the world than Obama supporters? I mean, c’mon! How does someone who lists their address as a park bench compete with a banker from Princeton or a Harvard Law grad, like Obama?
[/quote]
Most lawyers I have met are naturally intelligent. But I question, again, whether the letter of the law and its loopholes is a solid background for running a country. Surely a degree in history would be far more applicable?
I still can’t see why you are in awe of bankers. They just aren’t that smart. As I have already said, in the current climate there is no shortage of evidence to support me. In fact, I would place almost any other college graduate ahead of them. Anyone in the Arts, Computers, Engineering, the Sciences…
In fact I would go even further with people in finance. They are completely deluded. They live in a fantasy world. They are completely blind to any obstacles that will reduce their profit. One of the nicest people I have met was, somewhat ironically, in charge of risk management for a large English bank. He constantly explained to his superiors that the chances they were taking were insane. He was ignored. They didn’t want to hear about it. In their minds the money was just going to keep rolling in like it always did…
All of the smartest people are in the academia. That’s just where they go. Even then they are not the ideal candidates for leadership.
[quote]duffyj2 wrote:
[quote]Headhunter wrote:
Don’t stop. I’m an Aristotelean, not a Platonist.
Bankers and lawyers are much more highly educated than any of us. Don’t you think that an educated elite would be better at running the world than Obama supporters? I mean, c’mon! How does someone who lists their address as a park bench compete with a banker from Princeton or a Harvard Law grad, like Obama?
[/quote]
Most lawyers I have met are naturally intelligent. But I question, again, whether the letter of the law and its loopholes is a solid background for running a country. Surely a degree in history would be far more applicable?
I still can’t see why you are in awe of bankers. They just aren’t that smart. As I have already said, in the current climate there is no shortage of evidence to support me. In fact, I would place almost any other college graduate ahead of them. Anyone in the Arts, Computers, Engineering, the Sciences…
In fact I would go even further with people in finance. They are completely deluded. They live in a fantasy world. They are completely blind to any obstacles that will reduce their profit. One of the nicest people I have met was, somewhat ironically, in charge of risk management for a large English bank. He constantly explained to his superiors that the chances they were taking were insane. He was ignored. They didn’t want to hear about it. In their minds the money was just going to keep rolling in like it always did…
All of the smartest people are in the academia. That’s just where they go. Even then they are not the ideal candidates for leadership.[/quote]
Bankers and lawyers were smart enough to shift the burden of the economic collapse onto the backs of working people. They even convinced the people that this was a GOOD thing, as evidenced by the election of Barack Obama (a lawyer who colluded with bankers, to skin the public). Here, read this:
"The ruling elite throughout Europe are united in their determination to ensure that the entire burden of the crisis is shifted onto the backs of the working class, but as the economic crisis increasingly spirals out of control, national state interests and rivalries are increasingly coming to the fore. Commenting on the growing divisions between Germany and its European neighbours,Financial Times columnist Martin Wolf commented recently: â??Is there a satisfactory way out of the dilemma? Not as far as I can see. That is really frightening.â??
Two things, in particular, have become clear from the developments in Europe of the past two weeks. First, the talk of a global recovery from the crisis that erupted in 2007-2008 is without serious foundation. The world economy remains poised on the knife-edge of a new financial panic and even deeper recession.
Nothing has been resolved. Instead, the insolvency of major banks has been offloaded onto national governments, producing an unprecedented sovereign debt crisis that can easily spread from so-called peripheral countries such as Greece to major powers, including France, Britain and the US.
Second, there is no prospect for a coherent internationally agreed strategy to manage the crisis in a non-disruptive and peaceful manner. Instead, the fundamental contradiction between world economy and the nation-state systemâ??a contradiction intrinsic to capitalismâ??is asserting itself with increasing virulence. Germanyâ??s aggressive stance and the growing divisions within Europe are among the most acute expressions of this global development."
Same shit, different continent.
[quote]thefederalist wrote:
Paragraph 18 of the actual criminal complaint is both shocking and hilarious. [/quote]
Yup. But it’s a civil suit. A 10-b5 violation. There is no criminal law that fits. Nor is there a direct law against shorting the financial instruments you are pushing. Something that many are now campaigning to change. Among them the author of the “Big Short.”
[quote]Headhunter wrote:
Bankers and lawyers were smart enough to shift the burden of the economic collapse onto the backs of working people. They even convinced the people that this was a GOOD thing, as evidenced by the election of Barack Obama (a lawyer who colluded with bankers, to skin the public). Here, read this:
"The ruling elite throughout Europe are united in their determination to ensure that the entire burden of the crisis is shifted onto the backs of the working class, but as the economic crisis increasingly spirals out of control, national state interests and rivalries are increasingly coming to the fore. Commenting on the growing divisions between Germany and its European neighbours,Financial Times columnist Martin Wolf commented recently: â??Is there a satisfactory way out of the dilemma? Not as far as I can see. That is really frightening.â??
Two things, in particular, have become clear from the developments in Europe of the past two weeks. First, the talk of a global recovery from the crisis that erupted in 2007-2008 is without serious foundation. The world economy remains poised on the knife-edge of a new financial panic and even deeper recession.
Nothing has been resolved. Instead, the insolvency of major banks has been offloaded onto national governments, producing an unprecedented sovereign debt crisis that can easily spread from so-called peripheral countries such as Greece to major powers, including France, Britain and the US.
Second, there is no prospect for a coherent internationally agreed strategy to manage the crisis in a non-disruptive and peaceful manner. Instead, the fundamental contradiction between world economy and the nation-state systemâ??a contradiction intrinsic to capitalismâ??is asserting itself with increasing virulence. Germanyâ??s aggressive stance and the growing divisions within Europe are among the most acute expressions of this global development."
Same shit, different continent.[/quote]
Oh I see. This is one of those “the grass is green”/“yes, but the sky is blue” arguments. You are arguing that bankers are smart enough to rob people blind. I am arguing that the sole ability of bankers is to rob people blind.
I’m still not impressed. They just got their mates (who run everything) to do shit that benefited them. Hardly genius material.
A laugh riot!
[quote]duffyj2 wrote:
[quote]Headhunter wrote:
Bankers and lawyers were smart enough to shift the burden of the economic collapse onto the backs of working people. They even convinced the people that this was a GOOD thing, as evidenced by the election of Barack Obama (a lawyer who colluded with bankers, to skin the public). Here, read this:
"The ruling elite throughout Europe are united in their determination to ensure that the entire burden of the crisis is shifted onto the backs of the working class, but as the economic crisis increasingly spirals out of control, national state interests and rivalries are increasingly coming to the fore. Commenting on the growing divisions between Germany and its European neighbours,Financial Times columnist Martin Wolf commented recently: �¢??Is there a satisfactory way out of the dilemma? Not as far as I can see. That is really frightening.�¢??
Two things, in particular, have become clear from the developments in Europe of the past two weeks. First, the talk of a global recovery from the crisis that erupted in 2007-2008 is without serious foundation. The world economy remains poised on the knife-edge of a new financial panic and even deeper recession.
Nothing has been resolved. Instead, the insolvency of major banks has been offloaded onto national governments, producing an unprecedented sovereign debt crisis that can easily spread from so-called peripheral countries such as Greece to major powers, including France, Britain and the US.
Second, there is no prospect for a coherent internationally agreed strategy to manage the crisis in a non-disruptive and peaceful manner. Instead, the fundamental contradiction between world economy and the nation-state system�¢??a contradiction intrinsic to capitalism�¢??is asserting itself with increasing virulence. Germany�¢??s aggressive stance and the growing divisions within Europe are among the most acute expressions of this global development."
Same shit, different continent.[/quote]
Oh I see. This is one of those “the grass is green”/“yes, but the sky is blue” arguments. You are arguing that bankers are smart enough to rob people blind. I am arguing that the sole ability of bankers is to rob people blind.
I’m still not impressed. They just got their mates (who run everything) to do shit that benefited them. Hardly genius material. [/quote]
Ireland has debt equalt to about 45% of its GDP. Don’t tell me…Ireland is run by lawyers and bankers, right? You guys are worse off than Portugal – must be lawyers and bankers.
Most of our Congressmen are lawyers. The biggest donors to Obama are on Wall Street.
Who runs the world?
[quote]Ireland has debt equalt to about 45% of its GDP. Don’t tell me…Ireland is run by lawyers and bankers, right? You guys are worse off than Portugal – must be lawyers and bankers.
Most of our Congressmen are lawyers. The biggest donors to Obama are on Wall Street.
Who runs the world?
[/quote]
You seem to be saying that rich people run the world. This isn’t exactly news to me. I have stated as much in my last posts. It isn’t hard to remain rich when you can buy the opinions of anyone in power.
My issue was with the fact that these people are somehow the most intelligent on Earth. And also that they knew or followed anything of the teachings of Plato or Aristotle. As I have already stated, we are arguing about two completely different things.
I am curious if I understand this , The Bank part of the financial institution , made the mortgages to public , The banks in turn packaged them together and sold them on wall street as the best rated investments, Then the insurance part of the financial institutions sold insurance to guarantee that the investments would pay off. And because the investments were overrated, they sold at very low prices and it became a good bet that they could buy the insurance and win on the pay outs of people defaulting. So the Financial system is like a bookie playing both ends?
[quote]duffyj2 wrote:
[quote]Headhunter wrote:
Don’t stop. I’m an Aristotelean, not a Platonist.
Bankers and lawyers are much more highly educated than any of us. Don’t you think that an educated elite would be better at running the world than Obama supporters? I mean, c’mon! How does someone who lists their address as a park bench compete with a banker from Princeton or a Harvard Law grad, like Obama?
[/quote]
Most lawyers I have met are naturally intelligent. But I question, again, whether the letter of the law and its loopholes is a solid background for running a country. Surely a degree in history would be far more applicable?[/quote]
Quick question how can someone be artificially intelligent? However, I would rather have a mentally handicap child that did nothing in the white house then a intelligent lawyer that tried to do everything in the white house.[quote]
I still can’t see why you are in awe of bankers. They just aren’t that smart. As I have already said, in the current climate there is no shortage of evidence to support me. In fact, I would place almost any other college graduate ahead of them. Anyone in the Arts, Computers, Engineering, the Sciences…[/quote]
Sarcasm. Well I can say this, some of the smartest people I know have some of the shortest educations records. I mean look at the 100 richest people, few have college degrees.[quote]
In fact I would go even further with people in finance. They are completely deluded. They live in a fantasy world. They are completely blind to any obstacles that will reduce their profit. One of the nicest people I have met was, somewhat ironically, in charge of risk management for a large English bank. He constantly explained to his superiors that the chances they were taking were insane. He was ignored. They didn’t want to hear about it. In their minds the money was just going to keep rolling in like it always did…[/quote]
The reason they are completely deluded is because they learn Keynes School of Economics, that the only thing needed to continue booms is printing money and ‘making labor.’ If they are deluded they will fail, let them fail. If you try to save them from their own mistakes, they will never learn.[quote]
All of the smartest people are in the academia. That’s just where they go. Even then they are not the ideal candidates for leadership.[/quote]
Matters what you mean on smartest people. If you are talking about general knowledge, sure they are the smartest. However, if you mean smartest in goal achieving people, know they are some of the dumbest people because they waste their time on trying to learn everything instead of something.
[quote]Headhunter wrote:
[quote]duffyj2 wrote:
[quote]Headhunter wrote:
Bankers and lawyers were smart enough to shift the burden of the economic collapse onto the backs of working people. They even convinced the people that this was a GOOD thing, as evidenced by the election of Barack Obama (a lawyer who colluded with bankers, to skin the public). Here, read this:
"The ruling elite throughout Europe are united in their determination to ensure that the entire burden of the crisis is shifted onto the backs of the working class, but as the economic crisis increasingly spirals out of control, national state interests and rivalries are increasingly coming to the fore. Commenting on the growing divisions between Germany and its European neighbours,Financial Times columnist Martin Wolf commented recently: �?�¢??Is there a satisfactory way out of the dilemma? Not as far as I can see. That is really frightening.�?�¢??
Two things, in particular, have become clear from the developments in Europe of the past two weeks. First, the talk of a global recovery from the crisis that erupted in 2007-2008 is without serious foundation. The world economy remains poised on the knife-edge of a new financial panic and even deeper recession.
Nothing has been resolved. Instead, the insolvency of major banks has been offloaded onto national governments, producing an unprecedented sovereign debt crisis that can easily spread from so-called peripheral countries such as Greece to major powers, including France, Britain and the US.
Second, there is no prospect for a coherent internationally agreed strategy to manage the crisis in a non-disruptive and peaceful manner. Instead, the fundamental contradiction between world economy and the nation-state system�?�¢??a contradiction intrinsic to capitalism�?�¢??is asserting itself with increasing virulence. Germany�?�¢??s aggressive stance and the growing divisions within Europe are among the most acute expressions of this global development."
Same shit, different continent.[/quote]
Oh I see. This is one of those “the grass is green”/“yes, but the sky is blue” arguments. You are arguing that bankers are smart enough to rob people blind. I am arguing that the sole ability of bankers is to rob people blind.
I’m still not impressed. They just got their mates (who run everything) to do shit that benefited them. Hardly genius material. [/quote]
Ireland has debt equalt to about 45% of its GDP. Don’t tell me…Ireland is run by lawyers and bankers, right? You guys are worse off than Portugal – must be lawyers and bankers.
Most of our Congressmen are lawyers. The biggest donors to Obama are on Wall Street.
Who runs the world?
[/quote]
This is the reason why I would never step foot onto Wall Street, bunch of thieving immoral pigs.
A friend who works in finance told me last year, confidentially, that it’s an open secret that Goldman commits fraud. (He worked at a different firm.) I guess he was right.