The Wealth Race

Discussion in 'The Red Room' started by cpurick, Nov 20, 2011.

  1. Ebeneezer Goode

    Ebeneezer Goode Gobshite

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    I'm sure your complaints will mentioned somewhere between the fondue and the brandies...

    You complain to the people with a vested interest in tackling complaints, and those are the politico's. The money men will make money regardless, it's those with an interest in political power who have the most to lose.
  2. Azure

    Azure I could kick your ass

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    Oh, and I hate Wall Street as much as the next guy. A lot of the people working there are greedy SOBs who will risk a lot of people's money in a bad investment because it'll earn them a quick return short term, but screw everyone over long term. I have worked with people like that before, and in a 'real' industry, like energy, they wouldn't last long.

    But, they will make money regardless. Banks have traditionally always made great money, regardless of the laws. That will not change. But, you can make it so that banks play within a certain set of rules that prohibit them from getting involved in sub prime mortgages. Or some of the other 'toxic' investments that they made that led to the crash.

    The government has to set the course. I'm a big believer in the power of the free market, but I think the government still serves a purpose when it comes to regulating certain industry. I deal with government regulation on a daily basis when it comes to energy and more specifically oil and even more specifically wind power, and they have their good points and bad points. Difference I have seen is that if you have a government that is willing to look at both sides, things go pretty well, and companies are more willing to sit down and find a compromise that works. But if you have a moron like Obama who gives the EPA a mandate to shut down the 'dirty' energy industry, companies get pissed and invest elsewhere. I have personally seen this happen numerous times.
    • Agree Agree x 1