The Wow I Can't Believe That News Story Thread

[The Batlord]

Originally Posted by elphenor

I don't know that banks are more corporatized now considering they were max, cause the financial crisis, entirely motivated by short term profit corporatized already 4 years ago when this rule was implemented

Plankton, you can ban me if you make elph rewrite this sentence.

[Frownland]

Originally Posted by elphenor

I don't know that banks are much more corporatized now considering they were max, financial crisis, entirely motivated by short term profit corporatized already years ago when this rule was implemented

Or I guess I just don't know what you're referring to

point of the rule is to curb bets with depositors money that contribute to financial collapses being catastrophic

Small banks were getting in on that action too. The number of banks in the US has been almost cut in half since 2005 despite levels of debt owned by banks increasing. Less banks on the market make investing in smaller businesses and banks more expensive, playing right back into the hands of the big wigs, basically. Rich done getting richer.

The softening of the rule will actually bring it back to its original form from before it got bogged down by industry lobbyists.

[Frownland]

Originally Posted by elphenor

they want to take chief executives of banks word for it, brilliant

Shhhh nobody tell him about benchmark rates.

[DwnWthVwls]

Originally Posted by Chula Vista

(I know you peeps hate when I play the age card, but I'm playing it)

DWV, the older you get the more closed the window into your ideology becomes. The concrete hardens more and more with each passing year. At this point (turned 58 today - YAY!!!) there's a number of fundamental things, subjects, positions, etc. that I'm steadfast in, i.e., not open anymore for debate.

I've said this a number of times, I didn't sign up for a debate club. If you disagree with one of my positions, fine. Just stop trying to subtlety make me out as a dullard for holding them.

All I got from this is that its correct to be racist if youre old and believe your racial superiority is true. I dont care what you think is true. I care about believing something for a logical reason and whats actually true based on the reality we experience.

If you believe something without sound reasoning you are a dullard.

[OccultHawk]

Originally Posted by Frownland

The Fed just proposed a plan to make life easier for banks by loosening the 'Volcker Rule'

Would be a good move imo, this rule has contributed quite a bit to the corporatization of the banking industry (well, more corporate than past decades, that is).

Can you explain to me why that’s your opinion?

Trying to wrap my head around economics makes me dizzy but it seems to me that “having stakes in a hedge fund or private equity fund“ is the type of thing that encourages corruption.

Honestly, I’m not even quite sure what you mean by “more corporate”

[Exo]

Originally Posted by wolverinewolfweiselpigeon

[Lisnaholic]

Originally Posted by DwnWthVwls

Huh? When did i tell him what to post? And yes, he can be. Im not really sure what youre getting at. I was just encouraging him to post more and seperately explaining why his posts have been ignored or mocked in the past.

^ Perhaps I misinterpreted or took too literally a comment you made when you were in the midst of a flame war yesterday.
My apologies.

[Frownland]

Originally Posted by DwnWthVwls

All I got from this is that its correct to be racist if youre old and believe your racial superiority is true. I dont care what you think is true. I care about believing something for a logical reason and whats actually true based on the reality we experience.

If you believe something without sound reasoning you are a dullard.

Originally Posted by OccultHawk

Can you explain to me why that’s your opinion?

Trying to wrap my head around economics makes me dizzy but it seems to me that “having stakes in a hedge fund or private equity fund“ is the type of thing that encourages corruption.

Honestly, I’m not even quite sure what you mean by “more corporate”

Monopolized would be a more appropriate word. The big banks are gaining control of the market in their favour.

[DwnWthVwls]

I know...

[Chula Vista]

Originally Posted by DwnWthVwls

All I got from this is that its correct to be racist if you're old and believe your racial superiority is true.

I'm sorry that's all you got. Sad.

Helps further your mindset though, so there's that......