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

[JS80]

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.

TB Pickens trying to commoditize water by buying water rights. He's such a dirty bastard.

 

[Xavier434]

Originally posted by: 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?

I can deal with that with less stress though. It sucks and I want to fix it, but this time it was people's homes we are talking about. Not just their investments. It was a whole new ball game with a greater loss beyond just money.

 

[jpeyton]

Originally posted by: Chunkee
Do you think that these "bailouts" will provide a learning lesson?

We'll find out November 4th.

 

[Special K]

Originally posted by: Xavier434

Originally posted by: 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?

I can deal with that with less stress though. It sucks and I want to fix it, but this time it was people's homes we are talking about. Not just their investments. It was a whole new ball game with a greater loss beyond just money.

The people who only bought what they could afford shouldn't be having any problems right now.

 

[Vehemence]

Text

 

[torpid]

The lesson to be learned is by the average citizen who hopefully no longer thinks that every house in the universe will appreciate in value and be a good investment. Probably not, though, because I still hear people spewing that nonsense.

 

[The Boston Dangler]

Originally posted by: IcebergSlim
no. Nothing will change.

 

[Nocturnal]

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.

This.

 

[Engineer]

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.

 

[Reckoner]

Originally posted by: Engineer

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.

 

[Chunkee]

i guess the consensus is no... 🙁

 

[EMPshockwave82]

Originally posted by: dainthomas
I'm learning that if I relax, it doesn't hurt as much.

HAHAHA

 

[dmcowen674]

Originally posted by: 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.

Once enough people lose theor access to beer, cigarettes and cable they will revolt.

It's not a matter of if, it is simply a matter of when and when is coming fast

 

[boomerang]

Nothing will change as human nature cannot be legislated. Humans are always going to push the envelope. We try to go faster, farther, cheaper, use less, make more, etc. The seven deadly sins are very much in play today as they have been in the past and will continue for the foreseeable future.

Then a new generation comes along with newer, bolder ideas. Some of their ideas they only think are new as we, as humans have a difficult time learning from our mistakes.

Someday, in the future, money will cease to exist. I don't know how it's going to work, but it's the only scenario that will work if one runs out the possible scenarios. We'll come to the brink of possible extinction first.

I can't fathom how such a system will work. We won't see it in our lifetimes that's for certain. It will take hundreds of years to come about.