Wall St

Do you think wall st. has learned anything from their & others mistakes or will it just be business as usual?

I wish I could say same same, but after what goldman-sachs reported it looks like things will even get a lot worse. 49% of revenue went to pay bonuses, now where did that money come from. All monies from a brokerage comes from us the public, shows you just how much we over paid for things. It's hard for me to imagine that we the cunsumers had that kind of disposable income. Housing is down, car sales are down, going green is not cutting it in this economy, retail is down......where's the beef!

Business as usual for Wall St. is making money. I have no doubt that they will continue to do that. This economic situation we are in wasn't caused by Wall St. it was caused by Washington D.C. An no, I don't think those jagoffs learned anything besides new and different ways to rip off the taxpayers.

You can't paint all of Wall St. with one brush stroke, but doubt they'll be any change in the status quo.

djackman, I hate to disagree but I do paint all of wall street with the same brush. Wall street only makes money if there are trades, buy or sell, and as you can see with the latest round of money making there have been a lot of trades. They along with oil have found new ways to manipulate the senses, do I buy or do I sell on a day to day basis. It wasn't that long ago that I remember some of wall streets biggest and finest getting bailout money from us and now they are posting there biggest profits, now why did they need a bailout if there posting there biggest profits ever. Rats nothing but rats. Not a one of those rats has the courage to stand up and tell the truth, even Paulson yesterday at the hearings, Big Rat!, man was he sweating and grasping for the right words and I'm not a body language expert. I really believe that all of them have the same last name, "Madoff" well except the ones that stand up and tell us what really is going on........still waiting for that stand-up guy.

I don`t think there is such a thing as a stand up guy on wall st., anyone with any scruples at all wouldn`t want to be involved with those crooks. They the oil cos. & a lot of others have brought a new low to America & the way to run a business, greed has become the main product. I think they wanted to make as much as they could as fast as possible & then run & hide but got caught up with greed & believe they are too smart to ever get caught.

Wall street does what they do, regardless. Greed is Greed. Reasonable regulation has proven to prevent over the top
abuses. Wall street will continue to seek profit regardless of the regulations in place. And they will push the limits.
The key is to regulate with out choking. Bottom line is that you can not have a game with out a ref.

I'm oversimplifying it but the guys who plain buy and sell stocks, commodities, etc really can't do anything "wrong" - they're placing bets just like a gambler at a Roulette wheel. Sometimes they win, sometimes they loose.

If you want to talk about the guys who take bad investments and repackage or "put some lipstick on the pig" to resell them that's another story. It's like a used car salesman transferring a title thru another state to wash a salvage stamp off the title.

The problem is the govm't (both parties) stepped in and gave them parachutes as they willingly jumped off a cliff, so they'll be even more likely to climb right back up and jump again.

djackman wrote:The problem is the govm't (both parties) stepped in and gave them parachutes as they willingly jumped off a cliff, so they'll be even more likely to climb right back up and jump again.

Exactly! If the government would stop preventing these guys from losing their a$$es, they wouldn't do it again. It's not Wall St. that's the problem, it's C St. and K St.

Wall street, auto industry, seems like both had a lot to do with what they are calling legacy costs. Now if thats the case, can you guess who would have the most legacy cost in this nation of ours. Yes your correct the federal government. I presume that this will be the next big score that will need to be settled. I wonder what planet will come and bail us out, because I know there isn't a country that will. If they start just printing money to pay the legacy costs of all the retired government workers and there insurance coverage, I would imagine that inflation would run rampant. I just think we be...... well you know what I mean.

jeromemsn wrote:Wall street, auto industry, seems like both had a lot to do with what they are calling legacy costs. Now if thats the case, can you guess who would have the most legacy cost in this nation of ours. Yes your correct the federal government. I presume that this will be the next big score that will need to be settled. I wonder what planet will come and bail us out, because I know there isn't a country that will. If they start just printing money to pay the legacy costs of all the retired government workers and there insurance coverage, I would imagine that inflation would run rampant. I just think we be...... well you know what I mean.

Inflation already IS rampant. Where do you think all the bailout money came from?

Inflation is an expansion of the money supply, not as people commonly believe, rising prices. The Fed perpetuates this myth to hide their crime.

More money makes each dollar worth less. Less valuable dollars means any particular item costs more.

The Dallas Fed said a few months ago that we are roughly 99 TRILLION dollars in debt. We're dead. We just haven't laid down yet.

Slavery of the new order. It's really something to think of what our forefathers fought for and what we have so easily given up. Constitution my #$%, they have constitunionally robbed us all. Used what was supposed to protect us to steal every thing from us.

I did here they are going to try to keep oil from being driven up for no reason other than greed, like last summer. I believe that was the knock out punch to our economy. Can you think of one thing thats not effected by oil?

efo141 wrote:I did here they are going to try to keep oil from being driven up for no reason other than greed, like last summer.

They can do all they want to remove speculation, the oil companies will just make more $ since their product cost goes down.

The County here just imposed a 2.5% heating fuel tax, and in two school district it's at 5.5%. I think this is going to become more common (and go up) as general tax revenues decline.

Wall St, Corporate America, or Govm't, they all have their hand out every time you make a purchase. The only way to beat them is at their own game - consume less or consume what they don't get any action on.

One day when they recognize the necessary for learning, is already too late.. same is applied to many other factors.