Goldman Sachs rules the world, not the governments

[AtW]

and some of you people think socialism is a bad idea?

It's not just a bad idea, it much worse than any capitalism with human face can possibly get.

[Alf W]

and some of you people think socialism is a bad idea?

What a ****, Thankfully, probably an irrelevant 'quote on a stick' ****.

I'll see you all in a week.

c**t

[DodgyAgent]

and some of you people think socialism is a bad idea?

What a ****, Thankfully, probably an irrelevant 'quote on a stick' ****.

I'll see you all in a week.

problems occur when socialists take charge of running finances. The great thing about socialism is that no one has anything to lose

[craig1]

Buy tinned food, fuel, lots of toilet paper and wait for big mean guys with guns to take it all.

Looking at it from a positive perspective, it's far easier to get a proper cash & carry account if you're a Ltd Co contractor

[sasguru]

How naive you lot are, or maybe lacking in analytical skills.
People have profited from any occurrence in human affairs since, well, humans started doing complex things.
Economics is not a zero-sum game - if something is inevitably going to go wrong, someone might as well, and will, profit from it.
The basic cause of this crisis is people in the West (from rednecks in the US to Greek civil servants) living beyond their means for years.

HTH, BIDI.

[Paddy]

problems occur when socialists take charge of running finances. The great thing about socialism is that no one has anything to lose

Like China ?

[sasguru]

Like China ?

China started prospering when they abandoned USSR-style socialism and allowed free enterprise.
The Chinese saw what happened to the USSR, economically.
The deal was the socialists kept power provided they allowed people to get rich.
Problem is that when people get rich they want power too.
So there will eventually be some kind of political revolution or evolution in China.

[ThomasSoerensen]

How naive you lot are, or maybe lacking in analytical skills.
People have profited from any occurrence in human affairs since, well, humans started doing complex things.
Economics is not a zero-sum game - if something is inevitably going to go wrong, someone might as well, and will, profit from it.
The basic cause of this crisis is people in the West (from rednecks in the US to Greek civil servants) living beyond their means for years.

HTH, BIDI.

tulip - I agree with AssGuru - someone please exorcise me.

[Paddy]

How naive you lot are, or maybe lacking in analytical skills.
People have profited from any occurrence in human affairs since, well, humans started doing complex things.
Economics is not a zero-sum game - if something is inevitably going to go wrong, someone might as well, and will, profit from it.
The basic cause of this crisis is people in the West (from rednecks in the US to Greek civil servants) living beyond their means for years.

HTH, BIDI.

The banking crisis started long before mortgage defaults. The US banks were lending ten times what the banks held in reserves (banks lent what they did not have) and when they lost money on their hedge funds they started calling in loans and mortgages (illegally as it has been proved)

[sasguru]

The banking crisis started long before mortgage defaults. The US banks were lending ten times what the banks held in reserves (banks lent what they did not have)

FFS!
I don't really think you should be talking about economics if you don't understand that fractional reserve banking is the norm