Toddsterpatriot
Diamond Member
How did the bank bigwigs, for example, benefit when their stock positions tanked?
When others lose what they have, those who retain what they have, and even expand on what they have, have acquired greater value compared to others.
Wealthy people own a lot of stock. Did they benefit when the S&P dropped 50%?
Did they benefit when the stocks they owned cut their dividends?
Did that help them retain what they have?
See my prior post.
If you can't figure out how Directors always retain the status quo, I suggest asking the nurses at the Nursing Home to put more Iron supplements into your farina.
I saw your prior post. Still waiting for an answer that makes sense.
What wealth do you feel increases in a depression? Any specifics?
You no longer get to bullshit on this forum.
If you have 100 like everyone else and then everyone else has 25, your 100 have become more valuable.
Not to mention that most Directors know what's going to happen months before it happens and so make contingencies to cash in on economic slumps.
You know, like how Warren Buffet made a fortune from the 2008 crash that he caused.
If you have 100 like everyone else and then everyone else has 25, your 100 have become more valuable.
What the fuck are you mumbling about now?
Not to mention that most Directors know what's going to happen months before it happens and so make contingencies to cash in on economic slumps.
How'd that work out for Dick Fuld and Jimmy Cayne? Durr.
You know, like how Warren Buffet made a fortune from the 2008 crash that he caused.
He's a liberal twat, but he didn't cause the 2008 crash.
I KNEW you were going to mention Fuld...one of only SEVEN CEOs to pay for that they did.
Warren Buffet DID cause the crash.
I'll have to wait to talk to my friend from Goldman-Sachs about the details.
I KNEW you were going to mention Fuld...
He wasn't a Director who knew months ahead of time, he was the fucking CEO, why didn't he know years ahead of time? Why didn't Jimmy Cayne? All the Bear Stearns Directors? LOL!
What about every other CEO or officer that held stock in their firm?
They all lost money when their stocks tanked.