Cancerous Capitalism caused the GFC.

[Guest]

http://www.abc.net.au/news/stories/2...17/2875482.htm

Wall Street has been rocked by news that Goldman Sachs has been charged with defrauding investors in the lead-up to the financial crisis.

The bank is accused of failing to tell clients that a hedge fund betting against the mortgage market had a hand in picking a portfolio of mortgage securities they were being asked to invest in.
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The next time we have a GFC, and we will with these greedy karnts involved, let the market burn and implode!

Chook.

[Guest]

Chooks comes out at last

He is a communist

[Billy Gunn]

Chooks comes out at last

He is a communist

The whole company

They were not the only ones, Chook is right Capitalist Greed

[Guest]

The whole company

They were not the only ones, Chook is right Capitalist Greed

The banks are greedy thats 100% correct but that is not the fault of capitalism.

[Guest]

The banks are greedy thats 100% correct but that is not the fault of capitalism.

Are you saying capitalism is separate from greed?

Chook.

[Billy Gunn]

The banks are greedy thats 100% correct but that is not the fault of capitalism.

I mean are all the Banks Communists? or just the greedy ones?

[Guest]

I mean are all the Banks Communists? or just the greedy ones?

That does not make any sense too me

[Fairfax]

The banks are greedy thats 100% correct but that is not the fault of capitalism.

Ding ding ding ding... we have a winner.

This is the dumbest post on the Internet... ever.

[stephenj]

i think the greed is good ethics have now had their day? if obama is allowed to govern the way he wants the usa might even become a good place to live again?

[Guest]

i think the greed is good ethics have now had their day? if obama is allowed to govern the way he wants the usa might even become a good place to live again?

Lol I had to laugh at that

Obama is the bankers best mate

Look below the surface of the pro Obama media reports and you see

Obama giving the Federal Reserve(central bankers) greater power

And the banks to be bailed out in future without a vote in Congress

[Guest]

Ding ding ding ding... we have a winner.

This is the dumbest post on the Internet... ever.

And why is it dumb mate?

[stephenj]

glad i gave you a laugh, ill wait to see him call in the loans made to get the banks out of the doo doo?i did like the way hes made executives bonuses now bvery taxable!

[Guest]

Lol I had to laugh at that

Obama is the bankers best mate

Look below the surface of the pro Obama media reports and you see

Obama giving the Federal Reserve(central bankers) greater power

And the banks to be bailed out in future without a vote in Congress

I think this contradicts your statement "the bankers best mate". I could be wrong because you are the resident political whizkid but maybe you could explain to this dumbass how giving the regulators more power will help the banks other than to make their business practices more ethical

[stephenj]

kobber you make a vwery sensable point, without any regulation the greed is good faction run amok as in the usa, it didnt happen so much in australia because we still have some minimal regulations in place?

[Guest]

I think this contradicts your statement "the bankers best mate". I could be wrong because you are the resident political whizkid but maybe you could explain to this dumbass how giving the regulators more power will help the banks other than to make their business practices more ethical

Because the federal reserve is run by bankers for bankers and Obama is giving them more power.