Analysts Say More Banks Will Fail

[proseros]

http://finance.yahoo.com/banking-budgeting/article/105391/Analysts-Say-More-Banks-Will-Fail

[wolfcamp]

http://finance.yahoo.com/banking-budgeting/article/105391/Analysts-Say-More-Banks-Will-Fail

It makes me wonder; can our system really work, or is greed too big a factor to overcome?

[FalconAngel]

Unfortunately, it will take a certain amount of governmental control over banks and mega corporations to bring things under control.

But even then, greed will play a very destructive role in all of it.

Nothing wrong with wanting more for yourself and your family. It becomes greed when you want it for yourself and family to the detriment of others.

Employers need to give fair wages for fair work, ask prices that are fair market value and not raise prices just because they can; particularly when it is a commodity that everyone needs.

[vittoria]

No wonder the wealthy use off shore banks

They learned the lessons of the Great Depression ---

Like the old song says ( they used it in a lot of Looney Tunes cartoons)

"We did it before and we can do it again yes we can do it again...."

And they're doin it again

They will never learn that history has a nasty way of repeating itself... but geez, 79 years and the same old shit???

I bet Bill Gates wont be jumping from the highest building... the rich just learned to not put their money in Amuriken banks--and the little guy/gal STILL gets screwed!!

"Brother, can you spare me a dime?"

[darkeyes]

It makes me wonder; can our system really work, or is greed too big a factor to overcome?
... 2 wich Fran says absolutely nowt..:)

[jamieknyc]

Employers need to give fair wages for fair work, ask prices that are fair market value and not raise prices just because they can; particularly when it is a commodity that everyone needs.

That is a circular argument. If you can raise the price for your product, without adversely affecting sales, the higher price is by definition fair market value

[FalconAngel]

That is a circular argument. If you can raise the price for your product, without adversely affecting sales, the higher price is by definition fair market value

As long as the quality of the product/service doesn't suffer, then yes, it is fair market value.

Our problem these days is that the product/service quality suffers horribly, the price still goes up. At that point, you are paying more for a lesser value.

And that is one of the things that this country is suffering from, which is making things so much worse.

Commodities such as food and fuel are barely affected because they are needed products. Has anyone noticed that, for more than 20 years, the price of gas only went up about 10-20 cents per gallon, then, over the course of 7 years, it jumps up by more than $2.50 a gallon. The quality of the fuel hasn't changed enough to justify the price increases over the past 7 years, but fuel is a necessary commodity, so the fuel companies are effectively allowed to price gouge and make the highest profits in history. Higher than any other major corporations. More than even utility companies.

That no longer makes it fair market value.

[12voltman59]

This is so reassuring!!! :bigrin:

http://www.huffingtonpost.com/2008/07/15/us-banks-are-absolutely-s_n_112799.html

[BronzeBobby]

http://www.counterpunch.org/hudson07152008.html

This is the best analysis I've seen yet. Check it out. It's the most incisive explanation about why America is going to dive into a sand trap by electing Obama.

I am no fan of Bush and protested lots of his policies. But as this article explains, the Fannie Mae and Freddie Mac fiascoes are the result of the Democrats, not the Republicans, and Obama, as well as Chuck Schumer, Dodd, and Barney Frank, are the leading quartet in the scheme to save "homeowners" by propping the housing prices and actually giving an enormous blank check to the 10% of the country that collects on the debts held by the other 90%.

And the rub is, when Obama says he is going to raise taxes only on the uppermost 10%, he knows damn well that that wealthy class will hide their money and make it untaxable. He is using that as a ruse to get elected, after which the middle class will have to pay high taxes to bail out GSEs so the uppermost 10% can actually get richer.

Read this article, too, to get a taste of what national health care will be like under Obama's plan, which isn't socialized medicine but rather a laissezfaire socialist hybrid, the medical equivalent of Fannie Mae.

[chulainn2]

Unfortunately, it will take a certain amount of governmental control over banks and mega corporations to bring things under control.

But even then, greed will play a very destructive role in all of it.

Nothing wrong with wanting more for yourself and your family. It becomes greed when you want it for yourself and family to the detriment of others.

Employers need to give fair wages for fair work, ask prices that are fair market value and not raise prices just because they can; particularly when it is a commodity that everyone needs.

Ok lets get a grip on reality here. Name me one thing the governament has done outside of hiring a tax collection agency ( IRS )that has proven effective.
JUST ONE!!!
and you people want national health care, OMG
BTW, it was our Govt. that passed down to HUD to open the guide lines so to allow more people to purchase a home on the sub prime mkt. it is the same evil bastards today that are blaming it on 'greedy' bankers.
FUCK THE GOVT! they are the reason why your gas is over $4 a gallon and rising and they are the reason your misery index is climbing and if hussain osama-obama gets ellected, all bets are off for this country.
As far as fair wages etc.. talk to the greedy bastard unions!!!

[chulainn2]

Oh one more thought, Government control over corporations is exactly what put Adolph Hitler in office.
We need less Government and more personal spine. Sad that will never happen with liberals in power.

[FalconAngel]

Oh one more thought, Government control over corporations is exactly what put Adolph Hitler in office.
We need less Government and more personal spine. Sad that will never happen with liberals in power.

We've had conservatives in power for more than 8 years, now and all we've gotten is less personal spine in our corporations and politicians.

It isn't the party that is the problem.....it's the people. Both sides are horribly corrupt, so if we want to make a positive change, then the change must be made by purging the corrupt from government; a task which, admittedly, is insurmountably difficult.

I agree that less government is the solution, but for that to work, more people in power, including corporate CEO's, need to behave more responsibly, holding themselves accountable for their actions.

Yeah.....like that'll ever happen.

[darkeyes]

Oh one more thought, Government control over corporations is exactly what put Adolph Hitler in office.
We need less Government and more personal spine. Sad that will never happen with liberals in power.

Chu..wtf didya dig that loada ole bollox up from? Reasons Hitler came 2 power r much more complex an deep rooted than that spurious loada ole bullshite.. not least of wich wer the appallin reparations they hadta pay cosa the Versailles Treaty... now go read a few decent history books an stop talkin through ya arse!!

[jamieknyc]

As long as the quality of the product/service doesn't suffer, then yes, it is fair market value.

Our problem these days is that the product/service quality suffers horribly, the price still goes up. At that point, you are paying more for a lesser value.

And that is one of the things that this country is suffering from, which is making things so much worse.

Commodities such as food and fuel are barely affected because they are needed products. Has anyone noticed that, for more than 20 years, the price of gas only went up about 10-20 cents per gallon, then, over the course of 7 years, it jumps up by more than $2.50 a gallon. The quality of the fuel hasn't changed enough to justify the price increases over the past 7 years, but fuel is a necessary commodity, so the fuel companies are effectively allowed to price gouge and make the highest profits in history. Higher than any other major corporations. More than even utility companies.

That no longer makes it fair market value.

Food and fuel are products subject to supply and demand like anything else. When the price of oil goes up, you and everyone else will drive less to save money too.

[proseros]

We've had conservatives in power for more than 8 years, now and all we've gotten is less personal spine in our corporations and politicians.

It isn't the party that is the problem.....it's the people. Both sides are horribly corrupt, so if we want to make a positive change, then the change must be made by purging the corrupt from government; a task which, admittedly, is insurmountably difficult.

I agree that less government is the solution, but for that to work, more people in power, including corporate CEO's, need to behave more responsibly, holding themselves accountable for their actions.

Yeah.....like that'll ever happen.


Ah. Yet it can-
But that would ultimately require corporate legislative body. If corporations are to police themselves they need laws to do so. And so we're right back where we started since the Federal Reserve (A private bank) is why we're in the mess we're in to begin with.
Except that the Fed is not accountable to the people since the people do not manufacture money.
The people DO however manufacture the reason and means for money to exist. It's called LABOR. And so we enter into larger discussions, that involve explanations on how the individual, that is one's person or body, may be defined as 'collateral' against debt obligation (which is why the IRS puts you in jail when you don't file-though no law exists saying you have to).

In which case it is up to the PEOPLE to make the laws, and go back to the old school. What generations now do not regard and have forgotten, the time it was clear that government served the people-Not the other way around, as it is now.

They say-"money is the root of all evil", something I've begun to re-think aside of being a mere slogan. We are driven by greed and a lack of social responsibility that caters to and excuses dependence as opposed to independence *ahem*...

Independence. Now why's that word sound familiar?