Frontline Inside The Meltdown Part 3 of 6
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I love the corporate banker thief laughing at 3:30 when he says the share price was $2...he already got his so he can laugh...disgusting...
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Reporter - "when will the economy turn around"
President - "im not an economist"
WHAT THE FUCK !?!?!?!?!?!
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@kjsellers everyone is greedy. humankind is greedy. human nature is greedy. what is your solution? you don't think the communists in russia are greedy? the chinese aren't greedy?
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Basically this whole thing is like sex, where the guy waits a little too long to pull out....
They ran out of trusty people to loan to
Investment banks fucked too fast by leveraging 20:1 I think goldman leveraged 33:1
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@kjsellers We need a new code of Hummarabi or 10 commandments to move in to the next age of reason in our evolution. Something that causes us to act with more morals and less corruption. To build things that last and are cyclical, instead of a short life and systemic. We need to develop a human morality to curb corruption and take care of things. The question is, will we do it on our own terms, or will we wait for a disaster to change us? If history is an indicator, most will wait for disaster
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@kjsellers We need to start building things that last. Our houses, our computers, our family, everything we build seems to be susceptible because they are built on weak foundations of things that don't last. We throw away our computers after 5 years. Our houses last 100 years, our electrical grid is systemic (linked together), our computer internet is not independent, our families are breaking up more and more, they don't last. It's a moral issue and a breakdown of confidence in society.
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@kjsellers I agree it's a small part of the issue but definitely not 90%. This problem is caused by a "crisis of confidence". Correct or incorrect gossip circulates which causes this crisis of confidence and it's a self fulfilling prophecy of systemic failure. We build nothing that lasts and everything depends on everything else. When one system fails, it causes failure in another creating a chain of reaction. We need to build things that are independent and can exist on their own.
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@rbonilla18 Yeah but dont forget how awesome he is. It is not widely know that he posed naked for Pakistan's version of PLAYGIRL, and he was voted centerfold of the year! Rumor has it he also single handedly stopped an attack on Earth by the Klingon EMpire using nothing more than a chainsaw and a roll of ducktape! As if that werent enough, insiders are getting ready to reveal his plans to jump off the Empire Stater building and land on a bike with no seat!! HE'S A GREAT MAN< GODDURNIT!!!
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they dont say anything about the price of oil at that time...$100+ per barrel
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George speaks here like an absolute nutcase!!
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90%. I wouldn't forget the shady mortgage lenders all over the country who were fudging mortgage applications to get anyone and everyone a loan. Not to mention the morons who took out mortgages that they knew they wouldn't be able to afford. Plenty of blame to go around.
kjsellers 2 years ago 13
Fair enough. It all boils down to one common denominator: greed.
kjsellers 2 years ago 12