Ratigan: Is the Dubai debacle bad for the U.S.?

[Mrmidtown1]

wow.. that was surprisingly racist and offensive....

DYLAN -- look inwards, at the USA... you asshole. I'm an American living in Dubai and they take care of me a lot better here than back in America.

[marsCubed]

Actually, the thing which was removed was shareholder ability to vote out bank CEOs

Regulations which stopped banks getting too big.

Regulations which stopped financial institutions from gambling with saver's money.

All regulations set up in the 30s to stop another crash.

It was Regan who did this with his small government motto.

He introduced the Germain St deregulations and oversaw the biggest single rise in corp growth.

Regan allowed corps to trade on 3%.

Subprime was a republican flagship.

[marsCubed]

"I look at subprime lending and I see the American Dream in action." Republican senator Phil Gramm. Inequality rose hugely under republican policy. 1% own 43% of financial wealth 80% own 7% (figuresa few yrs old it is even worse now) 40 million in poverty, 51 million without adequate insurance, 1 in 5 children in poverty. And the rich spent it all on yachts in Dubai. Trickle down was a nasty and evil lie. Tax the hyper elites back to Earth orbit. Regulate the economy back to sanity.

[danpt2000]

So thats how nations get to be first world, they borrow money for infrastructure and create money out of thin air to pay for things.

[fal2grace]

looks that way

[mazoonee]

yee haaa

yee haaa

yee haaa

ENOUGH!!!!!

[EnhydraLutris1]

allah praises the maktoum brothers for reverse-scamming british and american financiers. 50,000 beautiful women are waiting for them when they reach islamic heaven.

for all dumb western b(w)ankers: whenever an arab wearing gucci sunglasses and has 1,000+ racehorses asks you to invest in an artificially constructed oasis in the middle of a 50 degree desert w no fresh water, beware! and look beneath the gucci glasses to see if he looks like madoff.

[fal2grace]

"look beneath the gucci glasses" ... nice:) thanks.

[MontanaSSky]

forget Dubai, america is 1million times worst. soon the power elites come to buy everything in pennies. Great games. Buy goldman Sachs, and get rich.

[fal2grace]

yep! it's a game... but not for us. thanks!

[chena3]

watch out dubai

airplanes might start flying

into your towers ....

sand badgers beware ....

[fal2grace]

sand badgers:)

[chena3]

sand badgers truly a sad storie

their desert homes have been ravaged by Dubai's

disregard for the badgers fragile natural environments

.the sand badger has taken to living in burned out non producing oil wells .. their once prime pelts are now rust stained and reek of petroleum byproducts ..also their favorite food the rare wild desert rock parsnip has been plundered for 5 star restaurants ..now sand badgers have taken to chasing camels and biting boobies of sun bathers on the beach.

sad

[fal2grace]

you're in the wrong business... should be a novelist... "rare, wild desert rock parsnip" ... lol!!!

[chena3]

save the sand badgers

sun bath topless...

editors ....

almost as low life

as bankers ..

[chena3]

sunbathe ...

[huskerbird1]

love dylan closest thing to a main stream truth teller there is

[fal2grace]

yep, he's my last hope...:)

[BringBackCapitalism]

Dylan & Henry Make Some Great Points Here. The market has been responding better to Bailouts than profits and breakthroughs. The administration need only look at the stock market to know bailouts are the engine of growth. But, if they listened to the American People, they'd hear the real story.

[fal2grace]

yes, you're right! thanks

[skybirdbird]

interesting that Dylan calls it vegas of the middle east.....latest post from rp6107 shows a building in vegas which is financed from dubai.....$5b......even stranger....backburnernews linked an article today about a $6b loan citibank made to dubai 6 weeks after they got their bailout money...illegally i might add...........this is a very messy global web.........right pocket/left pocket.....

[fal2grace]

yes i saw BB's vid re: citibank... wow, if it isn't illegal?? it certainly should be. thanks Erica (i love that Dylan calls these guys yahoos)

[Kiddolinfen09]

It does look magnificent... be great for a zombie movie : )

[skybirdbird]

i see zombie banks.........lol

[Kiddolinfen09]

Apparently it's illegal to hold hands on the beach there... if they want to improve tourism, they might want to address social evolutions... : 0

[skybirdbird]

lol.........

[fal2grace]

"Zombies of Dubai"... :)

[Kiddolinfen09]

Dubai-o-hazzard!!!!

[fal2grace]

rofl!!!! you're too funny.

[centervilletn]

if bob chapman is right and he sound convencing...id say that loans to businesses is OVER...

[fal2grace]

yes

[fal2grace]

me too

[fal2grace]

good point