| User Info
| Not All Bankers Are Liars in forum [Market-Ticker]
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Phantomace
Posts: 6393
Incept: 2009-03-16
Las Vegas, NV, and your screen
Online
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Video linkie no workie...
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"That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert
The only good thing I have to say about Barney Frank is at least he's not breeding...
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Housemouse
Posts: 61
Incept: 2009-03-18
Western New York
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Video worked for me, and thanks for the info, Genesis.
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Phantomace
Posts: 6393
Incept: 2009-03-16
Las Vegas, NV, and your screen
Online
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It's coming up now, didn't the first time, weird.
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"That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert
The only good thing I have to say about Barney Frank is at least he's not breeding...
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Karefree
Posts: 1700
Incept: 2008-10-15
Nor Cal
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three tickers on a Saturday?! Gen - try and relax some.. 
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Matthew 6:21 "For where your treasure is, there your heart will be also"
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Ponzi_unit
Posts: 8094
Incept: 2007-09-05
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Quote: Still think this is a partisan issue? We've had a Democrat President and a Republican Congress, a Republican President and a Republican Congress, a Republican President and a Democrat Congress and now a Democrat President and a Democrat Congress.
All possible combinations have been present during the genesis and unfolding of this mess and not one has stepped forward to put a stop to it. This is one of your best ever quotes Genesis. I'm going to borrow this one.
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Taxpayers witnessed a crime and stayed around long enough to get charged with it.
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Etz
Posts: 13888
Incept: 2007-06-26
LA
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Dick Fuld and John Thain wave their left hands from an Azimut 98 as they cheer and whisper, "Great Job Dusty" 
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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.
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Goldie
Posts: 281
Incept: 2008-08-02
North Carolina
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CNBC will probably never have that guy on again. That was way too much truth for one segment.
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Total destruction the only solution
~Real Situation by Bob Marley
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Psquared
Posts: 1876
Incept: 2008-10-11
SE USA
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I bet I could walk into a regional bank around where I live and "if" I could talk to the bank CEO/President, they would say the same thing. There is no dearth of people making these points (and they, along with Gen, have been making them for a long time) it is just that no one listens.
How many mega-banks do we have now?
C, JPM, BAC and WFC. Look what is inside each of those banks. BSC, MER, WB, WAMU, INDYMAC, and others ... these are entities which NO longer exist. So too big to fail has become even bigger with no end in sight.
I'd like to think Rusty is predicting the future when he says these banks need to be broken up but it just isn't going to happen. These 4 guys will be given anything and everything they need to survive and will go right on taking risks until the law is changed.
Oh, and did you catch the part about regulators. He has 13 regulators and doesn't need a 14th; he just wants the ones already around to do their job. (reading between the lines)
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"Our Constitution is designed only for a moral and religious people. It is wholly inadequate for any other." ~ John Adams
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Jinroh
Posts: 779
Incept: 2009-05-05
Room 101
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I was thinking the same thing when I watched it ! I am shocked they allowed him to speak the truth. 0.o
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Constitution Class taught by Michael Badnarik :
http://www.archive.org/details/Michael_Badnarik
I say we take off and nuke the entire site from orbit. It's the only way to be sure.
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Dashingdwl
Posts: 9752
Incept: 2007-06-26
los angeles
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Whatever. Midsouth Bank has a market cap of 112.51M. Take any three managing directors at Goverment Sachs and their bonuses will be large enough to buy the entire Midsouth Bank. Ol' Rusty is*****ed he's not a Goldman.
The government decreed that everyone at GS will be rich, even if it impoverishes America. And we sheeple will sit here and do nothing.
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When you are hard and disciplined, you can be principled. People fear you because they have no leverage against you. It's the truest form of Liberty.
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Throxxofvron
Posts: 10315
Incept: 2009-02-17
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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It is incomprehensible to Me that competitors to these propped companies have not challenged the 'TB2F' mantra.
Obviously Independent Private Businesses cannot realistically compete with .gov financed institutions prioritized as systemically/politically important.
In many cases the failure of These mismanaged Institutions would have provided opportunity for positioned solvent Institutions to procure assets and market share from the failures.
The anti-competitive anti-capitalistic nature of .gov intervention, and the inhibition against responsible regulation and oversight; are both illegal and unethical activities, inconsistent with free markets and free societies where laws are uniformly enforced, and profit and loss are both irrefutably legally private.
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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
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Financeguy
Posts: 5283
Incept: 2007-08-10
Charlotte
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Rusty is a banker. These ****s at Goldman and the TARP banks are con men....It really is a simple as that......
I have worked with many bankers and con men over my career and can easily tell the difference.....
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Templar223
Posts: 779
Incept: 2008-04-28
Champaign, IL
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Quote:Are we the people still going to sit on our butts, Yep, excluding some here on TF. Meanwhile, GS is paying out HUGE bonuses on the money they skimmed off from the Fed. Gotta love this ****. Otherwise it would eat you up. J |
