The Next World Financial Meltdown is Ready to Explode Again

[Blackwolf]

@Smyrna

What can ordinary citizens do besides vote? The fact nobody went to jail for our financial collapse will always be a thorn in our history regarding government corruption.

I am increasingly convinced the individual vote means little to nothing anymore. The plutocracy goes far beyond partisan bickering and will protect itself by any means necessary.

[dantes]

Ladies and gentleman, we found the one person on this board with the stamina to read Infinite Jest.

[Smyrna]

@Blackwolf

I am increasingly convinced the individual vote means little to nothing anymore. The plutocracy goes far beyond partisan bickering and will protect itself by any means necessary.

Mark this day in history…we agree again.

[tnt]

@Blackwolf

There is zero chance that Trumps administration will address this

I disagree. If there is another financial meltdown, Donald and his ilk will address this -
by scrambling to deflect blame from themselves.

As well as by using the power of the government to protect their fortunes.

[tnt]

@Smyrna

What can ordinary citizens do besides vote? The fact nobody went to jail for our financial collapse will always be a thorn in our history regarding government corruption.

If government being in league with businessman bothers you, why would you elect a businessman to run the government?

I mean, trump didn’t even divest himself from his interests!

[tnt]

@dantes

Ladies and gentleman, we found the one person on this board with the stamina to read Infinite Jest.

I’m trying for the second time. On p. 225 ±.

[dantes]

Best of luck to you. You made it farther than I ever did.

[Smyrna]

@tnt

I mean, trump didn’t even divest himself from his interests!

Cat burglars are superb helping design systems to stop crime.

[dantes]

Is Trump doing anything to prevent another melt down?

Anything at all?

[tnt]

@Smyrna

Cat burglars are superb helping design systems to stop crime.

What has trump done in thins respect?

[Jezcoe]

@dantes

Ladies and gentleman, we found the one person on this board with the stamina to read Infinite Jest.

It took me six months but I did it.

One of the funniest books I ever read even with it being as opaquely dense as Heart of Darkness.

There are certain parts of that book that do stick with you when you read it because they are so incredibly surreal.

[MichaelScarn]

@Jezcoe

It took me six months but I did it.

One of the funniest books I ever read even with it being as opaquely dense as Heart of Darkness.

There are certain parts of that book that do stick with you when you read it because they are so incredibly surreal.

Wallace is at his finest when he’s writing essays, IMO.

[MichaelScarn]

@zantax

Remember the choices…and who received large donations from Goldman Sachs?

Goldman was a key participant in that “shadow banking system” that precipitated the housing market collapse and the consequent financial debacle that slammed America’s middle class. (A system that was unleashed in part due to deregulation supported by the Clinton administration in the 1990s.) This investment house might even be considered one of the robber barons of Wall Street. In its 2011 report, the Financial Crisis Inquiry Commission, a congressionally created panel set up to investigate the economic meltdown, approvingly cited a financial expert who concluded that Goldman practices had “multiplied the effects of the collapse in [the] subprime” mortgage market that set off the wider financial implosion that nearly threw the nation into a depression.

Hillary Clinton’s shift from declaimer of Big Finance shenanigans to collaborator with Goldman—the firm has donated between $250,000 and $500,000 to the Clinton Foundation—prompts an obvious question: Can the former secretary of state cultivate populist cred while hobnobbing with Goldman and pocketing money from it and other Wall Street firms? Last year, she gave two paid speeches to Goldman Sachs audiences. (Her customary fee is $200,000 a speech.)

The architect of the Trump tax cut was Gary Cohn

[Smyrna]

@tnt

What has trump done in thins respect?

Did you know that the media was as biased as it is? Did you realize the lies they tell and then do small retractions as if that will make everything ok? This is just one example.

[Bigjohn]

currently in UK (home) on business and watched a prog called "The bank that nearly broke Britten, it told the story of RBS and how Sir Fred, the shred, Goodwin took the company to the heights, biggest business on balance sheet in the world the crashed it due to hubris

well wort a watch

[tnt]

@Smyrna

What has trump done in thins respect?

Did you know that the media was as biased as it is? Did you realize the lies they tell and then do small retractions as if that will make everything ok? This is just one example.

Thats an example of cat burglers setting betting traps?

We were talking about the financial system and business people. And you talk about the media lying and retracting?

[Plasmaball]

i remember zanny getting really mad when trump picked his 5th goldman guy to help run in his administration …

Oh wait…he didnt say anything

[Axxowiz]

I’m surprised there hasn’t been another housing bubble burst. They are tons of people here in Seattle over the years signing 30 year mortgages for homes costing a million dollars that was worth $350,000 about four years ago. When the bubble bursts they will be the first to walk away from
their mortgages.

[MichaelScarn]

@Axxowiz

I’m surprised there hasn’t been another housing bubble burst. They are tons of people here in Seattle over the years signing 30 year mortgages for homes costing a million dollars that was worth $350,000 about four years ago. When the bubble bursts they will be the first to walk away from
their mortgages.

Housing probably won’t be the primary cause of the next recession, but it will definitely bite a lot of people in the ass.

[Snow96]

You lost me.

4 years ago the home was worth 350k and now worth a million . . . with a 30 year mortgage with a set rate (unless it’s an ARM) and they are just gong to walk about from 500K in equity?