I will never understand the rightwing's uncompromising trust of Big Business

[Redfish]

I have frequently said the rubes have memories like that of goldfish. Well, now you have seen it for yourselves just now, folks.

DEFINITION OF 'DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT '
A compendium of federal regulations, primarily affecting financial institutions and their customers, that the Obama administration passed in 2010 in an attempt to prevent the recurrence of events that caused the 2008 financial crisis.

Dodd-Frank Financial Regulatory Reform Bill Definition Investopedia

Dodd/Frank and the 2008 "collapse" are two unrelated things. your ignorance and bias is well documented.

 

[g5000]

sorry about that, but Dodd/Frank was written by two democrats. That bill was the direct cause of the so-called housing crisis.

BWA-HA-HA-HA-HA! Oh, man, this is awesome.

Dodd-Frank was written AFTER the crisis, you unbelievably ignorant fool.

Wrong, the rash of bad mortgages and the financial crisis in fannie and freddie was caused by Dodd/Frank which forced banks to make bad loans to people who could never make the payments. Then those loans were discounted back to fannie and freddie putting them is a net loss position.

the ignorance is yours-------------fool.

Let's review your stupidity from which you are now desperately trying to backpedal away from:

sorry about that, but Dodd/Frank was written by two democrats. That bill was the direct cause of the so-called housing crisis.

"That bill".

You are an idiot.

 

[Redfish]

Rightwingers go on and on about their disdain and lack of trust of the federal government yet these feelings are not shared of Big Business.

Doesn't it bother you that corporate crime prosecution is so low?

Doesn't it bother you that often times their only punishment is paying petty fines?

Doesn't it bother you just how evil Monsanto is? Nothing oppresses farmers like that corporation does.

Anyone care to explain? I trust government over some big corporations any day of the week (yes, I understand many corporations aren't evil).

Ken Lay is dead, Madoff is in jail, GE was fined, Crooked CEOs get their due. Do you trust the IRS? How about CDC? TSA? HHS? DOD? the FED? Fannie and Freddie? the VA?

Corporations are not inherently bad or good. They reflect the goodness or badness of their boards and officers.

Government is not inherently bad or good. It reflects the goodness or badness of the people we elect.

I'm not suggesting corporations are inherently bad. I think many of them are however.

You have given anecdotal examples of corporate prosecution. The actual stats say different.

I trust most but not all government agencies. I have a great respect for the TSA. I don't trust the NSA.

question: is doing whatever is legal to maximize shareholder value a good or bad thing?

Some legal practices are immoral. Just because lobbyists succeeded in pulling strings, it doesn't make it right.

So, you are saying that americans should operate on "moral" grounds and ignore the laws? really?

 

[Redfish]

sorry about that, but Dodd/Frank was written by two democrats. That bill was the direct cause of the so-called housing crisis.

BWA-HA-HA-HA-HA! Oh, man, this is awesome.

Dodd-Frank was written AFTER the crisis, you unbelievably ignorant fool.

Wrong, the rash of bad mortgages and the financial crisis in fannie and freddie was caused by Dodd/Frank which forced banks to make bad loans to people who could never make the payments. Then those loans were discounted back to fannie and freddie putting them is a net loss position.

the ignorance is yours-------------fool.

Let's review your stupidity from which you are now desperately trying to backpedal away from:

sorry about that, but Dodd/Frank was written by two democrats. That bill was the direct cause of the so-called housing crisis.

"That bill".

You are an idiot.

No, asshole. the housing crisis and the 2008 financial collapse are two different things.

Damn, but you libs are dumb. Or is it brainwashing?

 

[Theowl32]

I will never understand how the left (who claim they hate big business, corporations and free market enterprise) all enjoy the products, amenities, and the way of life those corporations produce.

Or,

Do they deny they enjoy those things, as they hammer away at their evil key board on the evil computers produced by evil corporations.

The same people mind you, that protest wall street then cheer when this president funnels money into the stock market with ZIRP (Zero Interest Rate Policy) and pays off those people funding his campaigns. Including the richest people in the world like Warren Buffet.

Oh, naaaaah, those guys are truly good people and do nothing for ancillary benefits. Naaaah, it is all evil republicans.

This photo illustrates their hypocrisy better than any other I have found. Look at them. Just, look at them.

You are such a moron. Liberals do not hate the idea of the free market system. How many times must that be explained? Many liberals, like myself, think SOME corporations are corrupt. Why wouldn't they be? They are run by humans after all.

Thank you for illustrating my point by the way.

You fucking liar. The other word for FREE MARKET SYSTEM is CAPITALISM you ignorant know nothing fuck.

You keep on pushing the myth of some utopia out there where the government will take care of all our needs from cradle to grave is the way to go.

You are so fucking stupid you have no idea that the left are committed socialist hacks.

How about getting a clue? You see anyone denying there is corporate scandal? I notice how you hypocrites that blame BOOOOSH for everything (surprised you have not claimed they killed the dinosaurs for oil) do not credit him for busting so many corporate scandals.

Want me to list the number of companies busted under BOOOOOSH? Enron and Arthur Anderson to name a few.

Oh fuck it. I am so sick of you hacks and your ignorant fucking dreck.

 

[Billy000]

Rightwingers go on and on about their disdain and lack of trust of the federal government yet these feelings are not shared of Big Business.

Doesn't it bother you that corporate crime prosecution is so low?

Doesn't it bother you that often times their only punishment is paying petty fines?

Doesn't it bother you just how evil Monsanto is? Nothing oppresses farmers like that corporation does.

Anyone care to explain? I trust government over some big corporations any day of the week (yes, I understand many corporations aren't evil).

Ken Lay is dead, Madoff is in jail, GE was fined, Crooked CEOs get their due. Do you trust the IRS? How about CDC? TSA? HHS? DOD? the FED? Fannie and Freddie? the VA?

Corporations are not inherently bad or good. They reflect the goodness or badness of their boards and officers.

Government is not inherently bad or good. It reflects the goodness or badness of the people we elect.

I'm not suggesting corporations are inherently bad. I think many of them are however.

You have given anecdotal examples of corporate prosecution. The actual stats say different.

I trust most but not all government agencies. I have a great respect for the TSA. I don't trust the NSA.

question: is doing whatever is legal to maximize shareholder value a good or bad thing?

Some legal practices are immoral. Just because lobbyists succeeded in pulling strings, it doesn't make it right.

So, you are saying that americans should operate on "moral" grounds and ignore the laws? really?

What? Um no. That isn't what I said at all. I'm saying just because something is legal, it doesn't necessarily mean it is morally right.

 

[g5000]

As for the GSEs, by 2005 they comprised less than half of the secondary mortgage market. They were the smaller players in the arena. This crisis was primarily caused by the financial services industry commonly known as "Wall Street", even though it was firms all around the world which caused this crisis.

Lehman Brothers, Goldman Sachs, JP Morgan, Morgan Stanley, Merrill Lynch. These were the biggest players.


Redfish, you are arguing with someone who is intimately familiar with what happened. You are way over your head, which is why I have challenged to you explain the inner workings of even one of the securities frauds which were perpetrated. I bet you have to scramble to even think of one, much less be able to explain it.

 

[Billy000]

I will never understand how the left (who claim they hate big business, corporations and free market enterprise) all enjoy the products, amenities, and the way of life those corporations produce.

Or,

Do they deny they enjoy those things, as they hammer away at their evil key board on the evil computers produced by evil corporations.

The same people mind you, that protest wall street then cheer when this president funnels money into the stock market with ZIRP (Zero Interest Rate Policy) and pays off those people funding his campaigns. Including the richest people in the world like Warren Buffet.

Oh, naaaaah, those guys are truly good people and do nothing for ancillary benefits. Naaaah, it is all evil republicans.

This photo illustrates their hypocrisy better than any other I have found. Look at them. Just, look at them.

You are such a moron. Liberals do not hate the idea of the free market system. How many times must that be explained? Many liberals, like myself, think SOME corporations are corrupt. Why wouldn't they be? They are run by humans after all.

Thank you for illustrating my point by the way.

You fucking liar. The other word for FREE MARKET SYSTEM is CAPITALISM you ignorant know nothing fuck.

You keep on pushing the myth of some utopia out there where the government will take care of all our needs from cradle to grave is the way to go.

You are so fucking stupid you have no idea that the left are committed socialist hacks.

How about getting a clue? You see anyone denying there is corporate scandal? I notice how you hypocrites that blame BOOOOSH for everything (surprised you have not claimed they killed the dinosaurs for oil) do not credit him for busting so many corporate scandals.

Want me to list the number of companies busted under BOOOOOSH? Enron and Arthur Anderson to name a few.

Oh fuck it. I am so sick of you hacks and your ignorant fucking dreck.

Your retardation knows no bounds. The actual statistics are what matters. Corporate prosecution is very low and corporate crime is very harmful.

 

[g5000]

Oh. And Fannie and Freddie were not "forced" to make bad loans. That is unmitigated horseshit. That is a myth invented by idiots who had no understanding of the markets and the causes of the crash. It was an explanation invented in a short period to fill up air time before all the real causes had shaken out.

An invention by idiots for idiots.

 

[Youch]

Rightwingers go on and on about their disdain and lack of trust of the federal government yet these feelings are not shared of Big Business.

Doesn't it bother you that corporate crime prosecution is so low?

Doesn't it bother you that often times their only punishment is paying petty fines?

Doesn't it bother you just how evil Monsanto is? Nothing oppresses farmers like that corporation does.

Anyone care to explain? I trust government over some big corporations any day of the week (yes, I understand many corporations aren't evil).

To quote Caddyshack, "Billy, billy, billy billy....."

How dumb.

What you lament, and true conservatives will agree, is that corporatism is a plague in our federal government. This is one of the things the Tea Party complains about, just like you.

This is not a Left vs. Right thing, as Obama has taken in unprecedented corporate dollars, and rewarded them commensurately. The whole thing is rigged. Just look at GM. Or Wall Street. You lament Monsanto? That is the tip of the ice berg. The federal government should not be picking winners and losers, and should not be unduly influenced by deep pockets. But they are.

So what do you want to do about it? Keep voting, (or not voting),, for the same idiots? Or perhaps an alternative??

I hesitate to ask you this question, however, because you already admitted to "trusting government over free enterprise", which is dumber than a box of rocks and more dangerous than a snake in a sack.

What smart thing say you, triple zero?

 

[Youch]

Oh. And Fannie and Freddie were not "forced" to make bad loans. That is unmitigated horseshit. That is a myth invented by idiots who had no understanding of the markets. An invention by idiots for idiots.

Of course they were.

 

[Redfish]

Ken Lay is dead, Madoff is in jail, GE was fined, Crooked CEOs get their due. Do you trust the IRS? How about CDC? TSA? HHS? DOD? the FED? Fannie and Freddie? the VA?

Corporations are not inherently bad or good. They reflect the goodness or badness of their boards and officers.

Government is not inherently bad or good. It reflects the goodness or badness of the people we elect.

I'm not suggesting corporations are inherently bad. I think many of them are however.

You have given anecdotal examples of corporate prosecution. The actual stats say different.

I trust most but not all government agencies. I have a great respect for the TSA. I don't trust the NSA.

question: is doing whatever is legal to maximize shareholder value a good or bad thing?

Some legal practices are immoral. Just because lobbyists succeeded in pulling strings, it doesn't make it right.

So, you are saying that americans should operate on "moral" grounds and ignore the laws? really?

What? Um no. That isn't what I said at all. I'm saying just because something is legal, it doesn't necessarily mean it is morally right.

Ok, fine. So back to my original question.

If a corporation does whatever it can legally do to maximize the return for its shareholders, is that good or bad? I am not asking for your personal definition of morality. We operate in this country on laws and the constitution. If you think our laws are immoral, I suggest that you tell your congressmen to work to change them.

 

[deltex1]

Rightwingers go on and on about their disdain and lack of trust of the federal government yet these feelings are not shared of Big Business.

Doesn't it bother you that corporate crime prosecution is so low?

Doesn't it bother you that often times their only punishment is paying petty fines?

Doesn't it bother you just how evil Monsanto is? Nothing oppresses farmers like that corporation does.

Anyone care to explain? I trust government over some big corporations any day of the week (yes, I understand many corporations aren't evil).

You will never understand anything.

 

[Moonglow]

Rightwingers go on and on about their disdain and lack of trust of the federal government yet these feelings are not shared of Big Business.

Doesn't it bother you that corporate crime prosecution is so low?

Doesn't it bother you that often times their only punishment is paying petty fines?

Doesn't it bother you just how evil Monsanto is? Nothing oppresses farmers like that corporation does.

Anyone care to explain? I trust government over some big corporations any day of the week (yes, I understand many corporations aren't evil).

Tell you story to the unions..

Heavy Hitters Top All-Time Donors 1989-2014 OpenSecrets

The whole 6% of the workforce or the one in heaven?

 

[Moonglow]

sorry about that, but Dodd/Frank was written by two democrats. That bill was the direct cause of the so-called housing crisis.

BWA-HA-HA-HA-HA! Oh, man, this is awesome.

Dodd-Frank was written AFTER the crisis, you unbelievably ignorant fool.

Wrong, the rash of bad mortgages and the financial crisis in fannie and freddie was caused by Dodd/Frank which forced banks to make bad loans to people who could never make the payments. Then those loans were discounted back to fannie and freddie putting them is a net loss position.

the ignorance is yours-------------fool.

Evidently they were not making bad loans. They denied my request for refinancing.....

 

[Redfish]

As for the GSEs, by 2005 they comprised less than half of the secondary mortgage market. They were the smaller players in the arena. This crisis was primarily caused by the financial services industry commonly known as "Wall Street", even though it was firms all around the world which caused this crisis.

Lehman Brothers, Goldman Sachs, JP Morgan, Morgan Stanley, Merrill Lynch. These were the biggest players.


Redfish, you are arguing with someone who is intimately familiar with what happened. You are way over your head, which is why I have challenged to you explain the inner workings of even one of the securities frauds which were perpetrated. I bet you have to scramble to even think of one, much less be able to explain it.

for a so-called expert, you certainly display an amazing amount of partisan ignorance. Why are you unable to understand that the Dodd/Frank housing mess was different from the wall street corruption that led to the 2008 market crash? They are not the same set of events or players.

 

[Billy000]

I'm not suggesting corporations are inherently bad. I think many of them are however.

You have given anecdotal examples of corporate prosecution. The actual stats say different.

I trust most but not all government agencies. I have a great respect for the TSA. I don't trust the NSA.

question: is doing whatever is legal to maximize shareholder value a good or bad thing?

Some legal practices are immoral. Just because lobbyists succeeded in pulling strings, it doesn't make it right.

So, you are saying that americans should operate on "moral" grounds and ignore the laws? really?

What? Um no. That isn't what I said at all. I'm saying just because something is legal, it doesn't necessarily mean it is morally right.

Ok, fine. So back to my original question.

If a corporation does whatever it can legally do to maximize the return for its shareholders, is that good or bad? I am not asking for your personal definition of morality. We operate in this country on laws and the constitution. If you think our laws are immoral, I suggest that you tell your congressmen to work to change them.

You're asking for an all or nothing answer and that's stupid. My obviously reply is sometimes what's used to maximize return is bad and sometimes it isn't.

 

[g5000]

As for the GSEs, by 2005 they comprised less than half of the secondary mortgage market. They were the smaller players in the arena. This crisis was primarily caused by the financial services industry commonly known as "Wall Street", even though it was firms all around the world which caused this crisis.

Lehman Brothers, Goldman Sachs, JP Morgan, Morgan Stanley, Merrill Lynch. These were the biggest players.


Redfish, you are arguing with someone who is intimately familiar with what happened. You are way over your head, which is why I have challenged to you explain the inner workings of even one of the securities frauds which were perpetrated. I bet you have to scramble to even think of one, much less be able to explain it.

for a so-called expert, you certainly display an amazing amount of partisan ignorance. Why are you unable to understand that the Dodd/Frank housing mess was different from the wall street corruption that led to the 2008 market crash? They are not the same set of events or players.

Wow. You just keep digging that hole.

This was all about the secondary market, idiot. Do you even understand what that is?

 

[Redfish]

question: is doing whatever is legal to maximize shareholder value a good or bad thing?

Some legal practices are immoral. Just because lobbyists succeeded in pulling strings, it doesn't make it right.

So, you are saying that americans should operate on "moral" grounds and ignore the laws? really?

What? Um no. That isn't what I said at all. I'm saying just because something is legal, it doesn't necessarily mean it is morally right.

Ok, fine. So back to my original question.

If a corporation does whatever it can legally do to maximize the return for its shareholders, is that good or bad? I am not asking for your personal definition of morality. We operate in this country on laws and the constitution. If you think our laws are immoral, I suggest that you tell your congressmen to work to change them.

You're asking for an all or nothing answer and that's stupid. My obviously reply is sometimes what's used to maximize return is bad and sometimes it isn't.

bad by whose definition? how can something be legal and bad? Corporations must operate within the law. Unlike the obama administration.

What do you think about Imelt (CEO of GE and obama buddie) cooking the books and keeping profits in foreign countries so that GE paid zero federal taxes? Good or bad? Legal or illegal?

 

[Redfish]

As for the GSEs, by 2005 they comprised less than half of the secondary mortgage market. They were the smaller players in the arena. This crisis was primarily caused by the financial services industry commonly known as "Wall Street", even though it was firms all around the world which caused this crisis.

Lehman Brothers, Goldman Sachs, JP Morgan, Morgan Stanley, Merrill Lynch. These were the biggest players.


Redfish, you are arguing with someone who is intimately familiar with what happened. You are way over your head, which is why I have challenged to you explain the inner workings of even one of the securities frauds which were perpetrated. I bet you have to scramble to even think of one, much less be able to explain it.

for a so-called expert, you certainly display an amazing amount of partisan ignorance. Why are you unable to understand that the Dodd/Frank housing mess was different from the wall street corruption that led to the 2008 market crash? They are not the same set of events or players.

Wow. You just keep digging that hole.

This was all about the secondary market, idiot. Do you even understand what that is?

obviously much better than you do. idiot!