More Obamacare fuckups

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Originally Posted by Warriorbird

Since you apparently haven't lived in America during the dowturn the fact that they had a lot of loans on the books enabled them to sell certain financial instruments with those loans and made them look good to stockholders because of the removal of Glass-Steagall. Banks love to do this whenever possible. Companies like it because of spiraling stock market gains. Glass's genius was in getting investment banks out of the lending game.

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Let's slow down a little...

What loans are you talking about first.. I want to make sure we are talking about the same thing here.

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It'd be really nice if I blamed companies for everything bad. You know I don't. You don't like to think though.

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You blame companies like Packlash blames banks.

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Originally Posted by Warriorbird

It'd be really nice if I blamed companies for everything bad. You know I don't. You don't like to think though.

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I can't recall another time you've blamed banks until just now, but there are ample posts blaming corporations. Correct me if I'm wrong.

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Originally Posted by Thondalar

I can't recall another time you've blamed banks until just now, but there are ample posts blaming corporations. Correct me if I'm wrong.

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This ignores all the times I've blamed dead politicial philosophers, politicians in general, the Tea Party, the Supreme Court, Obama, Harry Reid, Nancy Pelosi, Congress, Bush, Karl Rove, Paul Wolfowitz, Douglas Feith, and the Office of Special Plans for things being bad very neatly.

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Originally Posted by Warriorbird

This ignores all the times I've blamed dead politicial philosophers, politicians in general, the Tea Party, the Supreme Court, Obama, Harry Reid, Nancy Pelosi, Congress, Bush, Karl Rove, Paul Wolfowitz, Douglas Feith, and the Office of Special Plans for things being bad very neatly.

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I'm sorry...which one of those is a bank?

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Originally Posted by Parkbandit

Let's slow down a little...

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Since you're apparently unaware

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

It's curious how you suggest I blame companies for everything bad. It's like you blanked out about five years of Bush Presidency and the whole Republican Congress already. Not to mention my dissatisfaction with Obama being so naive and the performance of the Democratic Congressional leadership. You even forgot poor Ayn Rand. Ride that train though.

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Originally Posted by Thondalar

I'm sorry...which one of those is a bank?

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I was disputing that I only blamed companies.

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Originally Posted by Warriorbird

I was disputing that I only blamed companies.

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Oh. Well, don't you think the banks deserve some blame for taking advantage of poor, ignorant Americans just to stuff more money in their pockets? Certainly that's more deplorable than a company wanting to pay people $9.00 and hour instead of $10.00 an hour to meet their bottom line.

It's also way more responsible for our economic woes than any corporation. So why leave them out in favor of corporate angst?

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Originally Posted by Thondalar

Oh. Well, don't you think the banks deserve some blame for taking advantage of poor, ignorant Americans just to stuff more money in their pockets? Certainly that's more deplorable than a company wanting to pay people $9.00 and hour instead of $10.00 an hour to meet their bottom line.

It's also way more responsible for our economic woes than any corporation. So why leave them out in favor of corporate angst?

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I think they're just as rapacious as the average American. It's in their nature. I blame the politicians more there for deregulating them. You're right though. I should probably be less kind.

I consider them a subset of companies in general. It is corporate behavior. They know how it works but people get greedy. It has happened in nearly every single one of our financial turmoils.

They need careful regulation.

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Originally Posted by Warriorbird

I consider them a subset of companies in general. It is corporate behavior.

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But banks existed first...wouldn't the proper position be that companies are just following bank behavior?

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Originally Posted by Thondalar

But banks existed first...wouldn't the proper position be that companies are just following bank behavior?

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Corporations came first. Roman Empire versus the Renaissance. Moneychangers were also Roman Empire, though. You could argue earlier for lenders but they weren't what we think of as a modern bank.

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Originally Posted by Warriorbird

Corporations came first. Roman Empire versus the Renaissance. Moneychangers were also Roman Empire, though. You could argue earlier for lenders but they weren't what we think of as a modern bank.

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Neither is what you've listed as a corporation what we would think of as a modern corporation. The emergence of banking allowed merchants to build empires that rivaled politicians for the first time in human history...the rise of the "middle class".