Laypersons perspective on economie...

Jarod

Jarod

Well-known member
Contributor
I saw it everywhere... someone would have a good thing going, but then they would push it too far and choke the set up with too much excess... I kinda think thats what happened with our economie... it was choked with too much excess brought about by too much greed.

Television news, it was a great thing, it started as a 15 min report on television stations. When I was a kid it was thirty min's of local news followed by 30 min's of national news. It was a great thing, it helped keep busy Americans informed, but it did not replace serious study of issues at hand. NOW, its 5 networks of news 24/7. It chokes the system with too much.. they have to sensationalize it to get anyone to watch and they dont cover the "booring" stuff because people will not waste there time.


Trial Attorneys, on a smaller scale we serve a very valuable and profitable purpose, keeping our nation safer and getting those injured by the negligance of others what is due to them... NOW, the pressure to make more money has turned it into big business with billboards and television commercials... Cases are created out of the desire to make Money and to get rich. The system gets choked where the good is getting obscured by the greed.


Restaurant dining, it used to be a treat for a family to go out to dinner. Restaurants served healthy and good food for relitivly inexpensive. NOW the pressure for both parents to work has resulted in tuns of big business chain restaurants competing to provide your family dinner every night. The pressure for these restaurants to provide food at a low cost to them causes them to use inferrior ingredents and food that is bad for you. They get you in and out and count the money.

I can go on and on, but greed is not good, it has resulted in Americans working harder and having less in return.
 
Freddie Mac was leveraged 70:1, most investment banks were levereged 30:1. Commecial banks deposits are regulated at 10:1. The problem was two fold, super low interest rates at the Fed discouraged investers to buy bonds and incouraged malinvestment and too much borrowing. Secondly after the repeal of glass stegal the investment banks INCLUDING Fannie and freddie should have access to the discount window which would lead to capital requirements like the Commecial banks deposits who are alowed access to the discount window. That is why we're here.
 
Just the opposite. If credit were not so cheap Bonds would be more attractive rather than investments: Stocks, Mortgage Backed Securities, ect.
 
Jarod said:
I saw it everywhere... someone would have a good thing going, but then they would push it too far and choke the set up with too much excess... I kinda think thats what happened with our economie... it was choked with too much excess brought about by too much greed.

Television news, it was a great thing, it started as a 15 min report on television stations. When I was a kid it was thirty min's of local news followed by 30 min's of national news. It was a great thing, it helped keep busy Americans informed, but it did not replace serious study of issues at hand. NOW, its 5 networks of news 24/7. It chokes the system with too much.. they have to sensationalize it to get anyone to watch and they dont cover the "booring" stuff because people will not waste there time.


Trial Attorneys, on a smaller scale we serve a very valuable and profitable purpose, keeping our nation safer and getting those injured by the negligance of others what is due to them... NOW, the pressure to make more money has turned it into big business with billboards and television commercials... Cases are created out of the desire to make Money and to get rich. The system gets choked where the good is getting obscured by the greed.


Restaurant dining, it used to be a treat for a family to go out to dinner. Restaurants served healthy and good food for relitivly inexpensive. NOW the pressure for both parents to work has resulted in tuns of big business chain restaurants competing to provide your family dinner every night. The pressure for these restaurants to provide food at a low cost to them causes them to use inferrior ingredents and food that is bad for you. They get you in and out and count the money.

I can go on and on, but greed is not good, it has resulted in Americans working harder and having less in return.
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Greed was in full force in the 90's, the 20's, the 80's all periods of life improving for all in America. Greed has been around forever, you yourself make a living off suing companies for as much as you can, you have a nanny don't you Jarod?

You said you are unhappy with your job, perhaps you are just passing off judgements on the rest of America based on your own lifestyle...
 
This is funny as shit the general public despises ambulance chasers. Bakers are their new scoundrel companions. We still have the greatest country and economy by far.
 
KingCondanomation said:
Greed was in full force in the 90's, the 20's, the 80's all periods of life improving for all in America. Greed has been around forever, you yourself make a living off suing companies for as much as you can, you have a nanny don't you Jarod?

You said you are unhappy with your job, perhaps you are just passing off judgements on the rest of America based on your own lifestyle...
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Suing companies for money is not necessarly a sign of greed, neither is having a nanny.

I do not like my job, and I acknoledge that part of that is because I am part of a corporation that does not allow for less greedy decisions that I personally would make. I am working on changing that. Sure I am not innocent of the evils that our culture has taken part in, I am saying we should change that!
 
Jarod said:
Suing companies for money is not necessarly a sign of greed, neither is having a nanny.

I do not like my job, and I acknoledge that part of that is because I am part of a corporation that does not allow for less greedy decisions that I personally would make. I am working on changing that. Sure I am not innocent of the evils that our culture has taken part in, I am saying we should change that!
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If I am a private greedy orange juice company, I can only get more by offering consumers what they want, I have no power to force them.

If I am a private greedy trial lawyer, I can only get richer by convincing more people in a public setting (courtroom) to hate a company for something they did or did not do and to seek to punish them. While that is needed to some debatable degree, there is no question that my greed would only be achieved by the force of government and not by any free market.

And good for you, that you have a nanny, but a lot of the same left you cozy too would think you are rich and greedy for having that lifestyle.
 
But wait Damo you can lobby the school system to buy your OJ and serve it to the kids.
All tax $ paid for.


Sheesh, missing out on business opportunities.
 
Here is the thing, too much OJ is bad for you. It gives a certian percentage of kids the runs.

The OJ companies would try to suppress that data to try to promote more kids drinking OJ and to try to promote it being the only drink the school systems will sell. They dont care that they are promoting an unhealthy amount of OJ, they just want to sell more and more OJ.
 
KingCondanomation said:
If I am a private greedy orange juice company, I can only get more by offering consumers what they want, I have no power to force them.

If I am a private greedy trial lawyer, I can only get richer by convincing more people in a public setting (courtroom) to hate a company for something they did or did not do and to seek to punish them. While that is needed to some debatable degree, there is no question that my greed would only be achieved by the force of government and not by any free market.

And good for you, that you have a nanny, but a lot of the same left you cozy too would think you are rich and greedy for having that lifestyle.
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So the government should not provide a method of requireing people to pay for the dammage mistakes they made caused?
 
Jarod said:
Here is the thing, too much OJ is bad for you. It gives a certian percentage of kids the runs.

The OJ companies would try to suppress that data to try to promote more kids drinking OJ and to try to promote it being the only drink the school systems will sell. They dont care that they are promoting an unhealthy amount of OJ, they just want to sell more and more OJ.
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???? Are you kidding? What amount of OJ would the school be forcing kids to drink? Do you have an example of a school doing this?

I find it hard to believe that the schools are forcing so much OJ on kids that it could be harmful (not talking about alergic reactions).
 
Superfreak said:
???? Are you kidding? What amount of OJ would the school be forcing kids to drink? Do you have an example of a school doing this?

I find it hard to believe that the schools are forcing so much OJ on kids that it could be harmful (not talking about alergic reactions).
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Its just an example, you idiot.
 
Superfreak said:
Well dipshit... if you are going to provide an 'example' perhaps you should state that. Because nowhere in your comment did you even remotely imply that was the case.
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If you are to dumb to figure it out, fuck you that aint my fault.
 
Jarod said:
If you are to dumb to figure it out, fuck you that aint my fault.
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actually no dumbshit... how exactly was someone to know that you were just pulling shit out of your ass again? You are a friggin trial lawyer... you idiots make up frivolous cases all the time. It is not that hard to believe that one of you morons would try to put forth a case like that.
 
Superfreak said:
actually no dumbshit... how exactly was someone to know that you were just pulling shit out of your ass again? You are a friggin trial lawyer... you idiots make up frivolous cases all the time. It is not that hard to believe that one of you morons would try to put forth a case like that.
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Whoa now. That's way too literal. I threw up in my mouth a little.
 
it's a bullshit example, it's well know the majority of kids eat too much sweets and drink to many sodas.
I have yet to see any news story of 1 kid drinking too much oj.
 
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