JP Morgan Chase Smith Barney whatsis

[wart57]

For a supposedly advanced species, we sure have a very unfair way of sharing the resources of the planet we live on.

Why must we have this ridiculous politicking in every thread? These masters of capitalism are smarter than you, so no worries.

Socialism doesn't work, but capitalism ain't much better.

[TimeForGuinness]

Stop bringing logic into this thread, HJ!

So I was not being logical then?



The current economic system has run amok. It is a completely man made artifice that keeps creating financial sleight of hand games in order to trade "money" to make more "money." We can all act like we fully understand the byzantine trades and swaps and rules and games but when push comes to shove, it turns out that the even the guys playing the money games don't really know what the rules are.
I find that illogical.

Did I say you were being illogical?

Neither Capitalism nor the Government can provide a bulletproof risk assessment. Businesses will fail, governments will allocate tax dollars inefficiently, it will always happen. There are many reasons the economic system has run amok: We aren't regulating enough, we aren't letting bad companies fail, and we aren't holding our public officials responsible for the decisions they make.

How the SEC let the banks grow to that size is beyond me, they need to break them up/wind them down/whatever.

[cpebbles]

Stop bringing logic into this thread, HJ!

So I was not being logical then?

Did I say you were being illogical?

Really you kind of did.

[vinsanity]

How the SEC let the banks grow to that size is beyond me, they need to break them up/wind them down/whatever.

Repealing the Glass-Steagall Act of 1933. And listening to bankers when they say "trust us, you should let us legally leverage twice of what is allowable now. It's in everyone's best interest to be leveraged 30-1." It's not like a 3% drop would wipe them out entirely right?

[TimeForGuinness]

Stop bringing logic into this thread, HJ!

So I was not being logical then?

Did I say you were being illogical?

Really you kind of did.

Really I kind of didn't.

[Hungary Jack]

Stop bringing logic into this thread, HJ!

So I was not being logical then?

Did I say you were being illogical?

Really you kind of did.

Really I kind of didn't.

This might help. Or might not.

[TimeForGuinness]

Stop bringing logic into this thread, HJ!

So I was not being logical then?

Did I say you were being illogical?

Really you kind of did.

Really I kind of didn't.

This might help. Or might not.

Those fonts weren't rational.

That being said, and to clear up confusion, just because HJ made a logical post doesn't take away from Luke's logical post. Both are great posts that speak a lot of truth from different viewpoints. I'm sorry if people took it the wrong way, I had hoped my followup post had explained why I didn't think luke was being illogical...but I guess people still want to focus on the wrong point.

I'm sorry if I seemed to slight luke...I didn't mean, baby...so here's a shout out for luke:

Stop bringing logic into this thread, Luke!

[Hungary Jack]

Political threads always seem to heighten this dynamic. If you say "A", then the prevailing assumption is that you mean "not B". This is the false dichotomy of mainstream politics.

[lukethedrifter]

My head is spinning.

[Hungary Jack]

That's illogical.