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Old December 3rd, 2017, 03:00 PM   #61
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Originally Posted by Clara007 View Post
I'll let R respond to your question but I can certainly think of two examples when unbridled capitalism DID NOT WORK: 1929 and 2008.
Infinitely extendable patent protection as well as the perfectly labeled "Mickey Mouse Law" that now allows infinitely extendable copyright protection, named because it was enacted when Disney was about to lose copyright protection on the Mickey Mouse character. Your perfect answer about the 2008 depression being caused by unregulated banking. Lack of environmental protections doing physical harm to people.

Monopolies, price fixing, and unrestrained lobbying are also in the mix.

FTR, I put Jimgorn back on ignore. If you hadn't quoted him, Clara, I wouldn't have seen that post.
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Old December 3rd, 2017, 03:05 PM   #62
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Uhhh...you can't be serious. I'm supposed to read an opinion by a guy I've never heard of--never read--isn't an economist, a tinker, a tailor or a much of anything- except a freelance writer who sent his opinion to Forbes. The guy doesn't even have a finance degree.

Thanks, but no thanks.

How about this. 1) Low mortgage interest rates 2) Low short-term interest rates 3) Lower standards 4) Irrational behavior/greed and the... 5) Credit crisis.

The one essential cause of the housing bubble was irrational behavior and greed. The housing bubble would not have occurred without the widespread belief that home prices would continue to rise. Greed contributed to the other three causes. Mortgage interest rates would not have been so low if foreign investors and credit rating agencies had not believed that U.S. home prices would keep rising. Low short-term interest rates would not have led to such extensive use of ARMs and such a high degree of leveraging without greed. And relaxed standards for mortgage loans would not have led to such a large increase in subprime mortgages without greed.

The perfect storm.
Toxic assets based on extremely high risk mortgages. Lack of monitoring of mortgage criteria being met. The list goes on forever. The banks had a free run. And notice most made out like bandits and those that didn't got saved by your tax dollars.

That all the senior executives from pretty well all the large investment banks weren't jailed for life is unconscionable.
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Old December 3rd, 2017, 03:23 PM   #63
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The people, acting through their elected representatives, have the responsibility as well as the right to address this issue.
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Old December 3rd, 2017, 03:26 PM   #64
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Because licenses and regulations end up forcing the smaller competitors out of the market, thereby insulating the larger competitors from competition...Big Corps love regulations....Big Corp CEOs are the ones that make up the 1% your tribe keeps wailing about......
So, why are all the big corporation against these regulations? You know, the ones you claim removes their competitors from the field?
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Old December 3rd, 2017, 03:31 PM   #65
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The corporations will use that money more efficiently than the government because they EARNED it. Tell me who makes more money on a gallon of gasoline? The local, state and federal governments or the oil company?
Corporations use money for one purpose, and that is to enrich themselves.
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Old December 3rd, 2017, 03:41 PM   #66
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Originally Posted by Clara007 View Post
Uhhh...you can't be serious. I'm supposed to read an opinion by a guy I've never heard of--never read--isn't an economist, a tinker, a tailor or a much of anything- except a freelance writer who sent his opinion to Forbes. The guy doesn't even have a finance degree.

Thanks, but no thanks.

How about this. 1) Low mortgage interest rates 2) Low short-term interest rates 3) Lower standards 4) Irrational behavior/greed and the... 5) Credit crisis.

The one essential cause of the housing bubble was irrational behavior and greed. The housing bubble would not have occurred without the widespread belief that home prices would continue to rise. Greed contributed to the other three causes. Mortgage interest rates would not have been so low if foreign investors and credit rating agencies had not believed that U.S. home prices would keep rising. Low short-term interest rates would not have led to such extensive use of ARMs and such a high degree of leveraging without greed. And relaxed standards for mortgage loans would not have led to such a large increase in subprime mortgages without greed.

The perfect storm.
You might want to rethink that post. Forbes is a respected source and doesn't publish novices such as yourself.
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Old December 3rd, 2017, 03:43 PM   #67
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Corporations use money for one purpose, and that is to enrich themselves.
You use money to "enrich" yourself. Duh!

You didn't answer my question. Who makes more money on a gallon of gasoline, local, state and the Federal Government or the oil company?
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Old December 3rd, 2017, 03:59 PM   #68
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I'll let R respond to your question but I can certainly think of two examples when unbridled capitalism DID NOT WORK: 1929 and 2008.
Both were a direct result of government intervention.
Thanks from BS Filter
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Old December 3rd, 2017, 04:19 PM   #69
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You might want to rethink that post. Forbes is a respected source and doesn't publish novices such as yourself.
Fine. Give us the credentials of the writer, education, experience, etc.
Carry on.
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Old December 3rd, 2017, 04:34 PM   #70
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LOL..Trump would have you ruled directly by the wealthy 1% w/o even the pretense of a duly elected representative government in a New York minute.
He'a already dismantling the regulations that protected the environment and consumers from the excesses of corporations.

Name just 10 of those 1,000 regulations and how they will help improve, or just sustain, the quality of life or living standards of the average working American, just TEN.
Are you REALLY so silly as to believe "what's good for the corporations is good for America?"
This tax plan saves me about 2500/year.. 10 years that is 25,000 (that is a truck for me to pull my RV during my Retirement)

hey go on Price is Right and get a truck you would be trilled.
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