Consumers Turn Table on Bankers

[Apeman81]

Off hand I don't know. But check the budgets. They will tell you.

"I don't know where, but I know they are there! "

Good luck with that

[Dieval]

I already addressed that earlier, but I'll say it again.

Some people don't care about being removed from employment because employment sucks as much as unemployment. People will give up their jobs to change the system.

Can you provide an example of these people, inside the banking industry that we've been talking about here, and specifically JPMC? Or even show that it's more than just the fringes of society proposing "taking up revolutionary ways"?

[Dodds]

"I don't know where, but I know they are there! "

Good luck with that

Oh dear god. Please tell me you know that budget deficits are discussed during the budget. I just can't be fucked looking them up.

http://www.cbo.gov/sites/default/fil...dgettables.pdf

There done. It even goes up to 2021 for you. Jeez man you are making yourself look foolish. Again great game you have here.

[Apeman81]

Oh dear god. Please tell me you know that budget deficits are discussed during the budget. I just can't be fucked looking them up.

http://www.cbo.gov/sites/default/fil...dgettables.pdf

There done. It even goes up to 2021 for you. Jeez man you are making yourself look foolish. Again great game you have here.

And where in this link are the targets of deficit spending identified?

Which areas of production are being bolstered?

[Dan74]

Can you provide an example of these people, inside the banking industry that we've been talking about here, and specifically JPMC? Or even show that it's more than just the fringes of society proposing "taking up revolutionary ways"?

Bank tellers, PR workers, technology workers, and many other minimum to median wage workers within the banking industry probably are not happy with their jobs. Very few people are satisfied with their work. If there's no way for all of them to move up (which there isn't), then they're stuck working how they are now. You need to get over this individualistic delusion that everything would improve if everyone sought to better their own lives.

[Trojan_Ripper]

We've been in financial hell for so long that some people are beginning to lose faith in the system and taking up revolutionary ways

Some people don't care about being removed from employment because employment sucks as much as unemployment. People will give up their jobs to change the system.

Dan you deserve an award for some of your statements....just don't ask "what type of award".

[Dan74]

Dan you deserve an award for some of your statements....just don't ask "what type of award".

Your useful post is appreciated. Thanks for improving the quality of this thread.

[Maryjane]

Dan you deserve an award for some of your statements....just don't ask "what type of award".

Dan74: Your useful post is appreciated. Thanks for improving the quality of this thread.

I'm sure Trojan_Ripper has something of value to contribute and isn't just posting to flame a fellow member of the board. Let's give him an opportunity to clarify his statement. What type of award would that be Trojan_Ripper?

[Dodds]

And where in this link are the targets of deficit spending identified?

Which areas of production are being bolstered?

Read the entire link and stop being so lazy. It is all clearly written out where the money is being spent. Again you are wrong with your assertion that the deficit spending is not targeted. You should stop using that phrase but you won't.

[Dodds]

I guess it all depends on who you listen to.

Or what parts you cherry pick.

From your own link.

Moreover, as the chart below shows, while private players bought many more subprime loans than Freddie and Fannie, GSEs purchased hundreds of billions of dollars worth of subprime mortgage-backed securities (MBS) from private issuers, holding these securities as investments.

So my point was indeed true. Maybe you should start listening to me.

[Apeman81]

Read the entire link and stop being so lazy. It is all clearly written out where the money is being spent. Again you are wrong with your assertion that the deficit spending is not targeted. You should stop using that phrase but you won't.

And you should show a target. Targeted deficit spending advanced by Keynes was money spent on a specific area of production during a naturally occurring down cycle to maintain aggregate demand.

Where is evidence of that in your link? What area of production is being targeted?

[Apeman81]

Or what parts you cherry pick.

From your own link.



So my point was indeed true. Maybe you should start listening to me.

Would sub prime loans even have existed if the government had not forced banks to grant loans to unqualified buyers with poor records of payment?