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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 09:37 AM Original message |
"Bailing out Banks" means "Bailing out Shareholders and Bondholders" |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 09:42 AM Response to Original message |
1. I'll give this one shameless self-kick for the morning crew. - n/t |
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nineteen50 (488 posts) Send PM | Profile | Ignore | Sun Oct-23-11 09:44 AM Response to Original message |
2. I call this socialism. |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 09:46 AM Response to Reply #2 |
3. Well, properly defined, it is not 'socialism' because in that system |
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Zoeisright (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 09:47 AM Response to Reply #2 |
4. So? |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 09:50 AM Response to Reply #4 |
5. I consider myself a Democratic Socialist and |
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socialist_n_TN (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 10:02 AM Response to Reply #2 |
8. Your point being? |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 09:59 AM Response to Original message |
6. No. It meant preventing bank runs. |
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mulsh (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 10:39 AM Response to Reply #6 |
9. In 2007 I inherited shares of BoA, Citi, Chase and the value was wiped |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 11:45 AM Response to Reply #9 |
11. I'm sorry to hear about your losses. They are akin, I suppose, to |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 04:15 PM Response to Reply #11 |
25. Mulsh is right |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 04:53 PM Response to Reply #25 |
29. Good points. Do you think the Big 4 (BofA, Chase, Citi and Wells Fargo) |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 08:58 PM Response to Reply #29 |
33. I favor giving them a chance to succeed |
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JustSayn (3 posts) Send PM | Profile | Ignore | Mon Oct-24-11 10:42 AM Response to Reply #29 |
44. As much as we would all like that option... |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 02:19 PM Response to Reply #44 |
47. First of all, a hearty welcome to DU! Having voted in my first election |
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mulsh (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 04:52 PM Response to Reply #11 |
51. my shares were inherited and so pretty much "free money" as |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 12:00 PM Response to Reply #9 |
12. Sorry to hear about your losses and the "stupid" I was referring to were |
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Cassandra (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 01:55 PM Response to Reply #9 |
21. I inherited bank bonds... |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 01:29 PM Response to Reply #6 |
20. No bank is "too big for the FDIC to unwind" |
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socialist_n_TN (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 10:01 AM Response to Original message |
7. The problem with framing it as "bailing out shareholders |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 11:34 AM Response to Reply #7 |
10. Your point is well taken. I read somewhere that only about 5% of American |
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Johnson20 (78 posts) Send PM | Profile | Ignore | Sun Oct-23-11 12:08 PM Response to Reply #10 |
15. Again nonsense. |
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Name removed (0 posts) Send PM | Profile | Ignore | Sun Oct-23-11 01:01 PM Response to Reply #15 |
16. Deleted sub-thread |
Johnson20 (78 posts) Send PM | Profile | Ignore | Sun Oct-23-11 12:06 PM Response to Reply #7 |
14. I would like to see some |
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bhikkhu (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 04:31 PM Response to Reply #14 |
27. I found this graph: |
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socialist_n_TN (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 07:01 PM Response to Reply #27 |
32. Thanks bhikkhu |
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Johnson20 (78 posts) Send PM | Profile | Ignore | Mon Oct-24-11 06:47 AM Response to Reply #27 |
36. Yes. Like where are the |
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bhikkhu (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 10:07 AM Response to Reply #36 |
40. The details explaining the image don't copy through - |
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Johnson20 (78 posts) Send PM | Profile | Ignore | Mon Oct-24-11 10:12 AM Response to Reply #40 |
42. Thank you sir! |
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bhikkhu (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 10:11 AM Response to Reply #36 |
41. Here's another one comparing the US with Sweden: |
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Johnson20 (78 posts) Send PM | Profile | Ignore | Sun Oct-23-11 12:02 PM Response to Original message |
13. However, that was |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 01:02 PM Response to Reply #13 |
17. Hunh? WTF are you talking about? These drive-by posts of |
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sendero (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 01:03 PM Response to Original message |
18. Yes. |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 01:10 PM Response to Reply #18 |
19. True. Given the way capitalism operates, excessive executive |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 02:13 PM Response to Original message |
22. The ultra-rich are all on each other's boards of directors. |
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JNinWB (190 posts) Send PM | Profile | Ignore | Sun Oct-23-11 02:54 PM Response to Original message |
23. Practically everyone with an IRA or 401K has mutual funds full of financial institutions. |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 03:49 PM Response to Reply #23 |
24. Not trying to be insulting here, but did you read the entire thread |
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JNinWB (190 posts) Send PM | Profile | Ignore | Sun Oct-23-11 04:27 PM Response to Reply #24 |
26. Thread nannying duly noted. |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 04:48 PM Response to Reply #26 |
28. LOL! First time I've seen or heard that phrase. Thanks! - n/t |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 05:17 PM Response to Original message |
30. Despite the ignorant thread jacking - recommend for the conversation. Nt |
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JackRiddler (1000+ posts) Send PM | Profile | Ignore | Sun Oct-23-11 05:52 PM Response to Original message |
31. It also meant resurrecting vast criminal organizations destroyed by their own frauds. |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 12:20 AM Response to Reply #31 |
34. All valid points you make. I do think some shareholders like Mulsh (in |
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Scuba (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 06:38 AM Response to Original message |
35. You know what they say when one Monopoly game-player has all the money.... |
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blindpig (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 07:01 AM Response to Original message |
37. It's the Capitalism |
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justiceischeap (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 07:12 AM Response to Original message |
38. "Bailing out Banks" really means, "Bailing out campaign donors." nt |
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snot (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 08:56 AM Response to Original message |
39. One refinement: |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 10:17 AM Response to Reply #39 |
43. At least in theory, shareholders should have full control through |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 11:03 AM Response to Original message |
45. The essence of "investing" is *risk and reward*. Perhaps shareholders and bondholders need to |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 04:26 PM Response to Reply #45 |
49. Garden-variety investors were sitting ducks for the charlatans and |
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mopinko (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 12:13 PM Response to Original message |
46. lots of "little people" got creamed. those stocks were thought |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 02:24 PM Response to Reply #46 |
48. But see also post #7 and those that follow for an informal analysis |
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RegieRocker (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 04:35 PM Response to Original message |
50. 1% Shareholders which I don't give a damn about. |
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jtuck004 (1000+ posts) Send PM | Profile | Ignore | Mon Oct-24-11 11:43 PM Response to Original message |
52. All that is very nice. When criminal investigations bring people from |
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