tristramshandy3 (November 30, 1999 at 12:00 am)

It's just amusing (and alarming) that at a time when the republic just got royally sodomized by the financial sector on wall street- millions of middle class and poor americans (who watch fox entertainment channel and mistake it for news) are worried about the communist threat.This is how corporate media distorts and destroys society.Have a nice day.

RuflessRecords (November 30, 1999 at 12:00 am)

shouldn't have used the word Commies, you're very sensitive about ityah Goldman Sachs promised me free overdraft charges for 3 months if I posted this...when I add that to the oil barrels I get in the mail from Exxon, I basically have it made

tristramshandy3 (November 30, 1999 at 12:00 am)

bankers aren't commies- they are greedy capitalists- and THEY are the largest threat to our republic today.On some level- I know you can see that.But hey, if you want to travel back to the 50's and yell at the red menace, go right ahead.Goldman Sachs should send you a fucking thank you card though:)

RuflessRecords (November 30, 1999 at 12:00 am)

well tristram, I've watched some Rambo movies recently and it does appear violence is the answer, 'least when small-town sheriffs or Commies are involved

tristramshandy3 (November 30, 1999 at 12:00 am)

I think it works the other way around- wall street always gets away with murder, and govt is a convenient target :)How much did Goldman Sachs and bank of America make this year?How wonderful.How about we burn wall street to the ground and grow our own fucking food- of course, shooting anyone who says otherwise.LOL.This is fun!

tristramshandy3 (November 30, 1999 at 12:00 am)

I'm sorry- I just read your post above and you are NOT a blind right wing ideologue who is spewing the right wing talking points: that the crisis was 100% the fault of govt and poor people.On a completely unrelated note:Have you read the complete essays of Michelle de Montaigne?It's probably the dingle greatest collection of wisdom ever assembled by one human.

RuflessRecords (November 30, 1999 at 12:00 am)

I would say Wall Street deserves blame but that the US would be in a 7-8% unemployment situation without the idiotic govt policy of giving huge home loans to people who couldn't afford them and were in some cases on welfare. Instead it's 10%.Govt always gets away with murder, Wall Street's always a convenient target. They deserve blame, so does govt. How about no more loans ever for anyone who doesn't qualify according to market standards and shoot anyone who says otherwise?

tristramshandy3 (November 30, 1999 at 12:00 am)

would you say the bankers and hedge fund managers selling those credit default swaps as triple AAA rated securities perhaps indicates a systemic problem on wall street that goes FAR deeper than poor people and govt mandates to loan?Also, could you discuss the incentive structure on wall street and how that helps to increase risk?ThanksI know the right is desperately trying to blame EVERYTHING on govt and poor people- but they have to- otherwise, they have to blame banks- and that's a no no

RuflessRecords (November 30, 1999 at 12:00 am)

tristram, that they're financial vehicles for spreading the risk from mortgages that they're based on...and when stupid govt policy is to pressure banks to give out mortgages to people that don't qualify, you're going to have more mortgages than usual go bankrupt and consequently more damage done to banks who've staked a lot of their wealth on these securities

tristramshandy3 (November 30, 1999 at 12:00 am)

What do you know about credit default swaps and derivatives?