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Double Oh-Oh

Scheduled Pinned Locked Moved The Back Room
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  • V Vikram A Punathambekar

    Well, the CEOs sometimes (admittedly, not every time) get shown the door. Stan O'Neal, for instance. It's the ratings agencies that I find disturbing.

    Cheers, Vıkram.

    Carpe Diem.

    O Offline
    O Offline
    Oakman
    wrote on last edited by
    #21

    Vikram A Punathambekar wrote:

    Stan O'Neal, for instance.

    Of course. How could anyone trust an Irishman named "Stan?"

    Jon Smith & Wesson: The original point and click interface

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    • O Oakman

      Vikram A Punathambekar wrote:

      Stan O'Neal, for instance.

      Of course. How could anyone trust an Irishman named "Stan?"

      Jon Smith & Wesson: The original point and click interface

      V Offline
      V Offline
      Vikram A Punathambekar
      wrote on last edited by
      #22

      Are you sarcastic as usual, or do you really not know? Stan O'Neal is black; his grandfather was a slave.

      Cheers, Vıkram.

      Carpe Diem.

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      • L Lost User

        I shouldn't feel too sorry for the bloke, he's still worth around $37B in the recent Forbes Rich List, although he probably feels poor compared to his previous worth of $62B. According to [^] , Annual rich list shows the world’s billionaires lost 2-trillion in global credit crunch.

        C Offline
        C Offline
        Christian Graus
        wrote on last edited by
        #23

        Richard A. Abbott wrote:

        Annual rich list shows the world’s billionaires lost 2-trillion in global credit crunch.

        Well, in terms of current worth, but they'll hold the stocks and get that back in time, I am sure.

        Christian Graus Driven to the arms of OSX by Vista.

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        • O Oakman

          Richard A. Abbott wrote:

          What will be necessarily to force bank lending to resume to a level that satisfies as a fix if not a solution.

          I'm not sure that it's either wise or proper to force banks to lend money. There is, after all, one prime reason for not loaning someone money - you don't think they'll pay it back. Bernanke has tried to encourage Banks to lend again by saying that he'll lend them the money at virtually no interest so they can lend it out at interest and make money. But that only sounds attractive if you can be reasonably assured that you'll get both the principle and the interest from the guy who gets the loan. That's why some Keynesians want to nationalize the banks - so they can make loans to people who are probably not credit worthy in the hope that if everybody starts spending money, then these people will become credit worthy. I personally think that we need to help people become credit worthy by spending money on things that are good for America. Like new roads, new bridges, Grid2.0, etc. (We do not need to spend money removing tatoos from gang members or getting whores off the street in New Orleans.) Most folks who rail against FDR's policies seem to forget that a fair amount of the infrastructure of the US was created during his terms of office. If people are credit worthy, I imagine that banks will be delighted to lend them money. However if their job is digging 6x6x6 holes and then filling them up again, i.e. makework, then the bank will rightly see that sooner or later that so-called job will disappear.

          Richard A. Abbott wrote:

          Sugar High ???? Surely the stimulus is more than that?

          I wouldn't know. So little of the bill that was passed without being read has anything to do with stimulus as I understand it, that I'm not sure we've seen what one could do.

          Jon Smith & Wesson: The original point and click interface

          C Offline
          C Offline
          Christian Graus
          wrote on last edited by
          #24

          Oakman wrote:

          (We do not need to spend money removing tatoos from gang members or getting whores off the street in New Orleans.)

          Are you saying you as a society ARE paying for these things ?

          Christian Graus Driven to the arms of OSX by Vista.

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          • C Christian Graus

            Oakman wrote:

            (We do not need to spend money removing tatoos from gang members or getting whores off the street in New Orleans.)

            Are you saying you as a society ARE paying for these things ?

            Christian Graus Driven to the arms of OSX by Vista.

            O Offline
            O Offline
            Oakman
            wrote on last edited by
            #25

            Christian Graus wrote:

            Are you saying you as a society ARE paying for these things ?

            Yep. It's a line item in the stimulus package.

            Jon Smith & Wesson: The original point and click interface

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