Do you think that these "bailouts" will provide a learning lesson?

[Chunkee]

During these interesting times, do you think that anything will be learned? Think the lay people will pay attention enough to do something? Do you think once the beer, cigarettes and cable TV are removed from their lazy fingertips, that they will stop and ponder and want to bring about change? That waste is not a good thing, that turning a blind eye is not a good thing, and not holding those with wealth and power accountable?

We shall see.

 

[SpunkyJones]

No.

 

[Greenman]

A lot has already been learned. If your a big company, you can do whatever the hell you want and us taxpayers will foot the bill.

 

[waggy]

Originally posted by: Greenman
A lot has already been learned. If your a big company, you can do whatever the hell you want and us taxpayers will foot the bill.

yeap.

and that the taxpayers acan pay for anything.


nothing will be learned from this.

 

[Chunkee]

Originally posted by: Greenman
A lot has already been learned. If your a big company, you can do whatever the hell you want and us taxpayers will foot the bill.

Granted,

However, if you continually allow yourself to get screwed, without at least trying to make a difference, are you not part of the flawed system as well? Being victimized, no matter what it is, should promote a semblance of retribution in the form of, "Not again".

If the chips are not flying, it is time to get a sharper axe, or a softer log.

Sitting around complaining does not do anything. I think most people do not even focus on one cause (there are so many) and give at least 5 % of resources to it..mostly it is just time. I guess the new episode the latest and greatest TV show succumbs the need to engage.

 

[IceBergSLiM]

no. Nothing will change.

 

[geno]

Do you think that these "bailouts" will provide a learning lesson?

HAHAHAHAHAHAAHHAAHAHHAAHAHAHAHAHAHAH.....


That's like asking if people will learn their lesson after turning to welfare. Sure, some might see it as a reality check, but most will learn nothing and keep feeding the cycle.

 

[KeithTalent]

Of course not, it's cyclical. In another 10 years it will happen again, just with a different industry.

KT

 

[Onita]

Sure, the lesson is that if you're a large company, you can gamble all you want without fear of going under.

 

[Capt Caveman]

Just like Worldcom/Enron, new regulations will be in place to hopefully prevent such actions in the future for the affected industries. However, it doesn't preclude that other industries will learn anything. Greed is human nature.

 

[dainthomas]

I'm learning that if I relax, it doesn't hurt as much.

 

[Eeezee]

Originally posted by: Chunkee

Originally posted by: Greenman
A lot has already been learned. If your a big company, you can do whatever the hell you want and us taxpayers will foot the bill.

Granted,

However, if you continually allow yourself to get screwed, without at least trying to make a difference, are you not part of the flawed system as well? Being victimized, no matter what it is, should promote a semblance of retribution in the form of, "Not again".

If the chips are not flying, it is time to get a sharper axe, or a softer log.

Sitting around complaining does not do anything. I think most people do not even focus on one cause (there are so many) and give at least 5 % of resources to it..mostly it is just time. I guess the new episode the latest and greatest TV show succumbs the need to engage.

Even if you're not one of these idiots who got tangled into this situation, you're still a taxpayer and you're still effected by the stocks crashing. Everyone got screwed one way or another. Shall I not pay taxes this year? What else can I do? One of the problems with the US having a military budget that is 5x the rest of the world's combined is that your only recourse (revolution) can never possibly succeed

 

[compuwiz1]

These bailouts will enable more of the same.

 

[udneekgnim]

short term yes

long term no

the drive for profit is too much for corporations not to ride the risk and enjoy the fruits of growth until it pops on them

 

[kalrith]

Originally posted by: Eeezee

Originally posted by: Chunkee

Originally posted by: Greenman
A lot has already been learned. If your a big company, you can do whatever the hell you want and us taxpayers will foot the bill.

Granted,

However, if you continually allow yourself to get screwed, without at least trying to make a difference, are you not part of the flawed system as well? Being victimized, no matter what it is, should promote a semblance of retribution in the form of, "Not again".

If the chips are not flying, it is time to get a sharper axe, or a softer log.

Sitting around complaining does not do anything. I think most people do not even focus on one cause (there are so many) and give at least 5 % of resources to it..mostly it is just time. I guess the new episode the latest and greatest TV show succumbs the need to engage.

Even if you're not one of these idiots who got tangled into this situation, you're still a taxpayer and you're still effected by the stocks crashing. Everyone got screwed one way or another. Shall I not pay taxes this year? What else can I do? One of the problems with the US having a military budget that is 5x the rest of the world's combined is that your only recourse (revolution) can never possibly succeed

That's exactly what I thought when I read Chunkee's post. If I could stop contributing by ceasing to pay taxes, I'd gladly do that. If I could somehow persuade the government that leaving capitalism alone means not only not meddling in their business when things are good but also not meddling in their business when things are bad, then I'd gladly do that as well.

 

[Xavier434]

Why do people believe so much that the system of regulations will not be concentrated on and fixed as a result of the situation?

I have heard some of the arguments, but most people just seem really cynical about it rather than provide some reasonable justification. There is a way through proper regulation to handle the situation properly. I believe that is what we should be shooting for.

 

[CountZero]

I've learned a valuable lesson. Once your company gets big enough you can do whatever you want in the pursuit of more money because if it doesn't work out the taxpayers will bail you out.

The system works like this, work hard and grow to a substantial size. Once of substantial size make gambles with potential high returns. If those gambles pay off do everything you can to pay as little taxes as is possible, after all you earned it and the government was just there to hold you back. If the gamble fails get the government to bail you out and find something new to gamble on. If you are a top executive when the gamble fails you get the bonus of leaving with a golden parachute. So the company continues on, executives do just fine and the US labor force pays around $600 a piece to keep it all moving along.

I guess I don't even know how you could go about changing it.

 

[Turin39789]

Originally posted by: Xavier434
Why do people believe so much that the system of regulations will not be concentrated on and fixed as a result of the situation?

I have heard some of the arguments, but most people just seem really cynical about it rather than provide some reasonable justification. There is a way through proper regulation to handle the situation properly. I believe that is what we should be shooting for.

regs will close loopholes, lobbyist will buy new loopholes, money will be siphoned off by those that have/play the game, crisis for everyone else, regs will close the loopholes........

 

[Nitemare]

Originally posted by: Greenman
A lot has already been learned. If your a big company, you can do whatever the hell you want and us taxpayers will foot the bill.

yup. These people that fuck over average Americans need to be hauled to San Quenten and those that are in jail for Mary Jane should be released.

Getting caught with weed is 10x as bad as defrauding people out of their savings and investments I guess.

 

[JS80]

The "smart" people will find new ways to create a bubble in something that isn't regulated and history will repeat itself.

 

[Xavier434]

Originally posted by: JS80
The "smart" people will find new ways to create a bubble in something that isn't regulated and history will repeat itself.

This I do agree with. Hopefully it will not directly involve one of the necessities in life next time. Namely food, water, air, and shelter.

 

[Psynaut]

Yes, I think it will teach the rich and greedy that they can create short-term business models that will make them rich. That they can transfer their wealth into private bank accounts. And that they can remain immune to the negative consequences of their actions when the house of cards comes tumbling down.

 

[jjones]

A learning lesson for whom? Because the general public has a severe learning disability. The masses remain distracted, apathetic and inattentive. Any attention they can focus for the few moments they are capable of has them invariably relying upon mainstream media for the formulation of their opinions, which is like getting insights from the Mad Hatter.

As for the perpetrators of these crimes, they just learned that it's time to move on to the next swindle.

 

[ScottyB]

The Feds should treat the lenders just the same as Bush treats black people from New Orleans.

 

[Special K]

Originally posted by: Xavier434

Originally posted by: JS80
The "smart" people will find new ways to create a bubble in something that isn't regulated and history will repeat itself.

This I do agree with. Hopefully it will not directly involve one of the necessities in life next time. Namely food, water, air, and shelter.

Exactly. By the time regulations are passed to close the loopholes that led to the current crisis, the banks will already be exploiting a new one.

They have probably already identified the next bubble asset.

On a related note, didn't Enron try to make internet bandwidth a commodity that could be traded on an exchange?