Corporations Causing Slow US Growth

[piasabird]

Isnt the stock market where people get their retirement money from? If corporations fail the USA will Fail.

 

[Jhhnn]

Isnt the stock market where people get their retirement money from? If corporations fail the USA will Fail.

Many Americans have no retirement funding beyond SS. Most of those who do have investments fight like hell to preserve the relatively small principal, take withdrawals reluctantly. The ownership society was extremely damaging to seniors, because it attacked the value of what had been considered relatively safe investments- MBS.

Some people still receive old fashioned pensions, which are market dependent, many of which are in serious trouble. Yeh, current retirees get their money, but fund solvency is becoming increasingly tenuous, resulting in two tier systems where new hires get the bone-o-rama...

When the PBGC is forced to take over, benefits are slashed hugely...

Seniors whose incomes are the most stable, imho, are small time landlords who bought decent rentals decades ago, kept them up, paid them off or nearly so. They're solid cash cows, and I kick myself in the ass for having not done that myself.

Such landlords can offer good deals to desirable tenants, keep them for a very long time by holding rents at the low end of market price. An old friend in my home town is on his second generation of tenants from the same family in a property he owns. When the original couple who lived there when he bought the place got old, needed help, their daughter moved back in to help. When they passed on, she and her brother now rent the place for themselves. They think my friend is the greatest guy in the world, treat the place as their own.

 

[TheBlackRabbit]

Isnt the stock market where people get their retirement money from? If corporations fail the USA will Fail.

http://stateofworkingamerica.org/who-gains/#/?start=1969&end=2008

In short, NO AND FAIL.

BRING IT CONSERVATIVES LET'S GO

http://thinkprogress.org/economy/2012/03/05/437441/one-percent-2010-income/

There was a nifty chart showing that the .01% got virtually all of the capital gains, can't find it. Letting Wall Street fail in 2008 would have been the greatest thing for the 99% outside of FDR COMING BACK FROM THE DEAD AND POSSESSING OBAMA AND ROMNEY

http://stateofworkingamerica.org/who-gains/#/?start=1929&end=1958

FDR IS GOD ADMIT IT CONSERVATIVES

LOOK AT THIS ONE:

http://stateofworkingamerica.org/who-gains/#/?start=2000&end=2007

I AM GEORGE W BUSH THE ANTICHRIST PEOPLE LIE BUT MATH AND NUMBERS DON'T ADMIT IT

"“We had to struggle with the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. ... Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me. And I welcome their hatred!"

OMGLOLLMFAOBBQFUBARFUK

EPICEPICEPIC POLITCAL ORGASM I AM GETTING AN FDR TATTOO ON MY ASS, OFFICIALLY

http://www.google.com/webhp?rlz=1C1....,cf.osb&fp=620f4183c90141be&biw=1920&bih=955

THE BEST MAN OF ALL TIME I WOULD TURN GAY IF I HAD TO AND SACRIFICE MY FIRST BORN SON TO BRING HIM BACK

 

[Matt1970]

Letting Wall Street fail in 2008 would have been the greatest thing for the 99% outside of FDR COMING BACK FROM THE DEAD AND POSSESSING OBAMA AND ROMNEY

You have absolutely no clue what you are talking about. Unless you live in a tent in the woods you are dependent in one way or another on the stock market.

 

[blackangst1]

http://stateofworkingamerica.org/who-gains/#/?start=1969&end=2008
There was a nifty chart showing that the .01% got virtually all of the capital gains, can't find it. Letting Wall Street fail in 2008 would have been the greatest thing for the 99% outside of FDR COMING BACK FROM THE DEAD AND POSSESSING OBAMA AND ROMNEY

I only wanted to comment on this portion of your post. First, Lehman DID fail. They were no small player either. Second, had AIG failed, the international banking industry, as we know it, very likely would have collapsed. Google "what would have happend if AIG failed" and read up if youre not convinced. That surely would have affected not just the .01%.

 

[Jhhnn]

I only wanted to comment on this portion of your post. First, Lehman DID fail. They were no small player either. Second, had AIG failed, the international banking industry, as we know it, very likely would have collapsed. Google "what would have happend if AIG failed" and read up if youre not convinced. That surely would have affected not just the .01%.

You're right about the bailout, sad to say. It or something like it was necessary, although I would have preferred outright nationalization, as was done in Sweden 20 years ago. Fat chance of that while Bush was still in the Oval Office, huh?

I hope your realize that the housing bubble & collapse wasn't an accident in the conventional sense. The big boys knew it, made incredible amounts of money off it, even as they were telling the country that they'd better buy now. That's how AIG got in trouble- they took the wrong side of all the derivative bets they could, believing their own bullshit. It was a setup all along-

http://www.propublica.org/article/t...dge-fund-helped-keep-the-housing-bubble-going

Unfortunately, the sharpies can't prey on each other w/o dragging the rest of us into it.

 

[blackangst1]

You're right about the bailout, sad to say. It or something like it was necessary, although I would have preferred outright nationalization, as was done in Sweden 20 years ago. Fat chance of that while Bush was still in the Oval Office, huh?

I hope your realize that the housing bubble & collapse wasn't an accident in the conventional sense. The big boys knew it, made incredible amounts of money off it, even as they were telling the country that they'd better buy now. That's how AIG got in trouble- they took the wrong side of all the derivative bets they could, believing their own bullshit. It was a setup all along-

http://www.propublica.org/article/t...dge-fund-helped-keep-the-housing-bubble-going

Unfortunately, the sharpies can't prey on each other w/o dragging the rest of us into it.

Following your train of thought, and seeing how much Wall Street is in the back pocket of congress, why not just admit congress and every president since Reagan planned it all? Reagan. Clinton. Bush. All of em. I mean, thats where it started. Deregulation. Not to mention Obama who hasnt done ANYTHING to regulate the CDO and derivatives market...the one thing that got these banks into trouble in the first place. Dont blame private sector for the tools the federal government gave it.

And dont blame a corporation for doing what a corporation is SUPPOSED to do - make money for itself and shareholders. (unless youre one of those who thinks corporations have some other reason for being in business other than making money).