BS: Obama Goes For Broke

Subject: RE: BS: Obama Goes For Broke
From: GUEST,kp
Date: 10 Mar 09 - 02:48 PM

Interesting article in Slate Magazine here. As a Brit I don't know whether it would be considered left or right wing, but the thesis of the article is that rich people have done worse to each other than ever the president can....

Park Avenue Marauding Through SoHo!
KP

Subject: RE: BS: Obama Goes For Broke
From: CarolC
Date: 10 Mar 09 - 02:54 PM

I've been wondering about that. I've been wondering how it is that rich people aren't themselves at the forefront of calling for strict regulations that ultimately would protect them the most. I've also been wondering why rich people who have been hurt by other rich people aren't calling the loudest for slapping some consequences on the people in the financial industry who have behaved so irresponsibly.

Subject: RE: BS: Obama Goes For Broke
From: bald headed step child
Date: 10 Mar 09 - 03:13 PM

Two reasons.

1: Many of them are too embarrassed to come out and say they were taken in.

2: They probably intend to take advantage of the system to make their money back and get back at those who "screwed" them. They didn't seem to realise there really is no honor among thieves, until it was too late. Once all the little fish are gone, sharks will start to eat each other. Of course they lost a lot of money, but most did not lose all of it, so they just start over. How many times has Trump filed bankruptcy only to end up back at the top?

They don't want the regulation because if the recovery plans work there will be more small fish to eat so they can rebuild their bank accounts easier.

Subject: RE: BS: Obama Goes For Broke
From: Greg F.
Date: 10 Mar 09 - 06:25 PM

You can't see that it's all within the subject of this thread, Doug?

Doug's been legally blind for years.

Subject: RE: BS: Obama Goes For Broke
From: akenaton
Date: 10 Mar 09 - 07:23 PM

Subject: RE: BS: Obama Goes For Broke
From: Q (Frank Staplin)
Date: 10 Mar 09 - 08:57 PM

Most of the stuff posted here, including mine, has nothing to do with Obama's programs and proposals, or Congressional actions on them.
But that's typical of below the line.

Subject: RE: BS: Obama Goes For Broke
From: Don Firth
Date: 11 Mar 09 - 03:50 PM

Uh . . . how was that again?

Don Firth