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

Dylan's take on the Dubai debacle.... "yeehaw" lending... you gotta love it.


Copyright MSNBC 2009

Dubai Dylan Ratigan Morning Meeting Wall Street dollar economic collapse gold silver fed federal reserve TARP bailout Dow stocks commercial credit

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[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

[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!

[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]

"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.

[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.

[mazoonee]

yee haaa

yee haaa

yee haaa

ENOUGH!!!!!

[chena3]

sunbathe ...