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  #21  
Old 07-28-2010, 07:11 PM
Charles Charles is offline
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Quote:
Originally Posted by d-ray657 View Post
I'm sure there are some democrats among the ruling elite. But you might have a point about the financial sector. There are plenty of sharp cookies there that long ago realized how damaging voodoo economics can be.

Regards,

D-Ray
Or, perhaps, how rewarding Keynesian economics can be.

Chas
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  #22  
Old 07-28-2010, 09:17 PM
noonereal noonereal is offline
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Quote:
Originally Posted by Charles View Post
Or, perhaps, how rewarding Keynesian economics can be.

Chas
yeah, that's it.
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  #23  
Old 07-28-2010, 10:10 PM
Charles Charles is offline
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Originally Posted by noonereal View Post
yeah, that's it.
Wouldn't you like to be able to borrow discounted money from the Fed Reserve, and then turn around and loan 10X as much, along with a couple of points, back to the Treasury?

An oversimplification, but close enough for hand grenades.

And if that ain't good enough, once you get large enough, the government privatizes profits and socializes losses.

Ain't it grand???

Chas
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  #24  
Old 07-28-2010, 11:35 PM
noonereal noonereal is offline
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Quote:
Originally Posted by Charles View Post
Wouldn't you like to be able to borrow discounted money from the Fed Reserve, and then turn around and loan 10X as much, along with a couple of points, back to the Treasury?

An oversimplification, but close enough for hand grenades.

And if that ain't good enough, once you get large enough, the government privatizes profits and socializes losses.

Ain't it grand???

Chas
damn socialists
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  #25  
Old 07-29-2010, 12:59 PM
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merrylander merrylander is offline
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I think everyone missed a key point in taht article, that the current crop of CEOs never experienced the Great Depression, gives them a whole different outlook on emloyee loyalty and employer loyalty.
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