Added: 3 years ago
From: RenegadeEconomist
Views: 5,812
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  • WHERE ARE THESE BILLIONS GOING THAT ALL COUNTRIES ARE PAYING BACK???

  • Bankers are basically evil, I really hope they get fucked and shunned for this

  • How can anyone in this world justify a society where a poor man is jailed for pinching food but bankers and governments completely fuck over billions of innocent people, trying hard to get anywhere in life and be bailed out/rewarded for it? this is the end of the human kind.

  • Yes, bankers have to work but there is a big difference in putting up with a job and going to work, knowing that you will be earning millions of pounds by plunging millions/billions of people into a recession where they will lose their homes, jobs, cause relationship break ups and even suicide. The credit crunch WAS forseen and orchestrated by thousands of bankers, worldwide. They knew that they would be bailed out but they could make a lot of money from it. The bankers will rot in eternal hell

  • Bankers are misunderstood, they just need a hug, don't forget they have to work in a stagnant environment where they do not get a lot of Love !!!!

    Huggabanker.....

  • @TimeBanditz33 lol hug a parasite u get aids i swear

  • land always ends the business cycle ahhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhhhhhhhhhhhhhhhhhh­hhhhhhhhhhhhhh

  • Clinton (also Oxford Alumni, like Harrison) had a plaque on his desk saying "It's the economy, stupid". Harrison needs one saying "It's the oligarchs, stupid".

    The 2010 depression has been planned since the 1974 ERISA Act. 75 MILLION Americans retire in 2010, and have to cash in their 401k's to buy annuities.

    The short-selling Wall Street SCUM will CRASH the stock market just in time to deprive them of their pensions.

    Fred KNOWS this, but hasn't got the integrity or balls to say it publicly

  • They haven't lost any money. The governments have bailed them out.

    Look up Citibank's major shareholders. Prince Charles is the single biggest private shareholder.

    Banks not only saw this coming, they DESIGNED it.

    Fred, stop talking BOLLOCKS. Go look up Kissinger's speech when he admits it would be a "shame to waste the opportunity from this crisis". This entire thing has FUCK ALL to do with economics. It is a CONSPIRACY to re-order the world. New World Order old boy.

  • @fredharrisoniswrong Oh dear.

  • Look at the timing of it (2004, but deferred and not implemented in USA until 2007). Meantime the banks were hiding behind legislation encouraging lending to low income high risk people as their excuse for creating the sub-prime bubble, KNOWING that Basel II would come and crash it.

    Anyone (central banker, investment banker, economist, politician) who says "we couldn't have seen this coming" needs a bayonet run through them. They are dirty LAIRS.

  • - Community Reinvestment Act, 1977, 89, 92, 94, 95, 99, 05, 08

    - Financial Institutions Reform, Recovery and Enforcement Act, 1989

    - Federal Housing Enterprises Financial Safety and Soundness Act, 1992

    - Gramm-Leach-Bliley Financial Services Modernization Act, 1999

    - Basel II (increasing capitalization levels and adding "mark to market" clause).

    EVERYONE saw that Basel I was the catalyst that burst Japan's housing bubble. And EVERYONE saw that Basel II would do it again for US, UK etc

  • BANKERS SHOULD HAVE SEEN THE CRASH COMMING. I am afraid they did good friend. The banking cartels get what they want. This crash has been orchastrated long before it was supposed to happen. This is the greatest crime ever committed. Your Governments will not save you. On the Contrary the plan is to collapse the US Dollar (and all world currencies for that matter) by introducing a new World Currency. The Oligarchs will have first dibs next, the underclasses will be allowed to gather scraps

  • Do not worry. This world will plunge into the dark ages as a result of all of this. When men have lost all reason to stand down, there will be great tumults the world over. No armoured cars or chariots shall protect againsed this. The bankers will not be safe. As the world descends into abject poverty and hell bubbles and oozes out of every pore of the earth; there will be vindication. THERE WILL BE UTTER VENGENCE!!! Their plans will come to naught. This tumult will eat the world alive

  • The bankers and the landowners and speculators are all working according to the basic axioms of economics that seek to make the greatest gain with the least effort. This is a natural process but in order to change it the government must step in and level the playng field, one cannot simply blame the banks.

  • Yes you are absolutely correct. Enter Bill Clinton and Larry Summers (Barack Obama's Chief Economist ;--))) to repeal Glass-Stegall

  • Unfortunately the politcians who comprise government are not interested in the good of the country as a whole, only their places within the political party in which they are competitively placed. Thus the is little hope for change until the situation becomes so bad and the alternative policies so few that there is no choice. What we really need is a benevelent dictator, because it is here that democracy fails.

  • Benevolent Dictator. A Dictator who benevolently calls on his Secret Police to Arrest, Torture and kill you in the middle of the night. The Benevolent Secret Police who rape your wife and daughters before your eyes. The Benevolent vaccinations that render your newborn stillbirth-ed.

  • The proposal that I recommend is a long-term one to teach and make more people aware of the way that macroeconomics actually works. This subject has been badly influenced by the universities whose fince comes from backers and companies whose interest is to tell only some ofthe truth. A full picture of it has land-lords, government, house-holders, producers, capitalists and bankers all playing separate but connected roles.

  • Right on brother!

  • Fucking "bankers". Thanks for ruining the global economy you fucking selfish, greedy, dumb as fuck scum of the earth. Bankers are the new lawyers. Congrats fellas yah earned it. I'm guessing they all lie about what they do when asked at a party. Saves getting their ass beat.

  • Well thought out and well produced.

    Ralph Nader's been saying this for years...in a different way.

    Greed and fear are no way to run a planet.

    Period.

  • "Bankers should have seen the crash coming... there can be no excuses... for their reckless lending." AGREED. But the greed of the borrowers is other side of the same coin. They have learned a hard lesson. But more bankers should have lost their jobs. Especially their incompetent bank economists.

  • Alleging a Greed of borrowers does not display an understanding of the issue. The issue is about the banking system being able to massive inflate money supply thus creating cheap loans. In fact, in these circumstances, it would be silly NOT to borrow money and run with the asset inflation. The point is, we SHOULDN'T ALLOW that and the accompanying asset inflation. This comes down to the issue of fractional reserving and the level of power to create money.

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