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ORIGINAL: thornhappy

What about disabled commercial workers?  Unless they have private disability insurance, they're doing SSD.  You can't compare disability pay to standard pay.

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ORIGINAL: popeye1250

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ORIGINAL: thornhappy

Ever worked in a very large corporation, or read Business Week or Fortune Magazine?  There are plenty of folks earning that kind of pay.

And what about disabled veterans? Do you think $28 k is fair?
There's two home healthcare aids next door who each make more than that!

And Jeff, it's all more the pity as far as I'm concerned.

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ORIGINAL: cloudboy

Another problem with the Merc perspective is "moralism" in the sphere of economic policy. When Obama signed off on the Timothy Geithner plan, it was in the hope of avoiding the mistakes JAPAN made during its meltdown.

The banks were not so much "bailed out," as much as liquidity and lending confidence were restored to the markets. Punishing the malfeasors would have punished everyone.

Did Merc point out how Canada and the Canadian banking system haven's suffered any of the problems we have?

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BTW -- you win the dismemberment award. I can only dream of buzz-sawing like you do -- a Packer living among Bears.

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Cloudboy, you're a lawyer, why do we even bother to have the bankruptcy system and laws if banks, brokerages and others get special treatment? Why do they want to involve the Taxpayers everytime (they) get in trouble? The govt. is there to protect the depositers not the banks. Let the bank's stockholders take the hit.
Those big banks go out of business and others will start up to fill in the void. Now we're rewarding failure yes?
So, our govt won't enforce our immigration laws, or the bankruptcy laws, what's next?

quote:

ORIGINAL: cloudboy

quote:

Cloudboy, you're a lawyer, why do we even bother to have the bankruptcy system and laws if banks, brokerages and others get special treatment? Why do they want to involve the Taxpayers everytime (they) get in trouble? The govt. is there to protect the depositers not the banks. Let the bank's stockholders take the hit.
Those big banks go out of business and others will start up to fill in the void. Now we're rewarding failure yes?
So, our govt won't enforce our immigration laws, or the bankruptcy laws, what's next?

I only know what I've read -- but the upside for me (at least right now) is that our retirement accounts and stocks have rebounded since the DOW hit 6500. Gaither's thesis was that in order to avoid a ten-year long Japan like malaise, money needed to be poured into the financial system right away and in high volume.

What other alternative would you have proposed?

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ORIGINAL: popeye1250

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ORIGINAL: cloudboy

quote:

Cloudboy, you're a lawyer, why do we even bother to have the bankruptcy system and laws if banks, brokerages and others get special treatment? Why do they want to involve the Taxpayers everytime (they) get in trouble? The govt. is there to protect the depositers not the banks. Let the bank's stockholders take the hit.
Those big banks go out of business and others will start up to fill in the void. Now we're rewarding failure yes?
So, our govt won't enforce our immigration laws, or the bankruptcy laws, what's next?

I only know what I've read -- but the upside for me (at least right now) is that our retirement accounts and stocks have rebounded since the DOW hit 6500. Gaither's thesis was that in order to avoid a ten-year long Japan like malaise, money needed to be poured into the financial system right away and in high volume.

What other alternative would you have proposed?

How about let our bankruptcy laws work?

Depends who profits.

As a Taxpayer I have no interest in keeping any bank afloat, unless I own stock in that bank.

You do, they made a shit load of FRNs with a number on them dedicated to you.  When we were kids we used to try to find bills with matching numbers on them.

That "ten year" or "too big to fail" stuff was simply justifications for his actions. Scare tactics.
BofA holds my mortgage. If they went under I wouldn't have to pay anymore? Of course not, I'd just be cutting a check to someone else every month!

Right someone else buys the interest in the note.

And we see that those banks are really tightening their belts aren't they?

The people are tightening their belts for them actually.

Compensation is higher than ever and they're still doing that bonus crap!

Well its our own fault because we do not know how to manage our own affairs.

All of those events just demonstrate how deeply embedded in our govt. that big corporations are!

Imbedded?  Our government is a conglomerate of big corporations.  Again look on dunn and bradstreet.

How they are using Taxpayers for their own private piggy bank! And that equals corruption!