Re: OT --Movie Inside Job free on line

Posted by oldtanker on December 27, 2011 at 20:08:36 from (66.228.255.223):

In Reply to: OT --Movie Inside Job free on line posted by rusty wheel on December 27, 2011 at 05:00:57:

No Edd you are not quite getting it. I don't believe any of the hype. Not from the folks making documentaries nor from the left or right. Wanna shut down business? Then really put a lot of regulation on business and markets. You can look up facts on that yourself without having someone present it to you with their twist on it. Name me one country that has had a free market system then imposed stiff regulation that still has a good econemy. You lose investment dollars, stop growth and send jobs else where, just look at what EPA and OSHA regs have done here. Now people want to kill the money tree needed for expansion and growth. Sure there needs to be regulation. But it's got to be reasonable and ENFORCEABLE. We can't enforce 1/10 of our current laws......how the heck are we supposed to enforce even more? If I take a risk with my money and invest it in stock I deserve and expect a return on it. It's called an investment not gambling. I'm not playing the Lotto! Should people running scams and illegal trading be punished? YES! Should businesses that fail to perform be bailed out? NO! Do we need additional regs to do this.....maybe a few years ago but so many have passed in 3 short years that I don't think they have the man power to even keep close tabs.

Tell me how these people who are yelling about taking over Wall Street going to run it when they can't even run their own finances?

Thats the whats great about America. You can invent something and reap the rewards! By dent of hard work you can own something. The guy who developed the AK47 assault rifle for the Russians retired on a US currency $60 a month pension. Bill gates became a billionaire. You can find it time and again where we have had better ideas and have the lead in tech fields because of this. There is no incentive to be creative when there is no reward.

I don't need to watch anything to know that the bankers have far more power in Washington than they should have but expecting the very people they are keeping in power to make changes is a child like dream.

I really wish that they would pass something that would not allow the politicians to spend more than they are taking in but as long as the government keeps borrowing money for day to day operations the bankers are going to have undo power.

MN a few years back had a surplus of cash. Enough to pay off it's debt and to pay for the next years budget up front. The politicians voted to give a tax rebate instead because the bankers couldn't make money lending it to the state.

But thats what the PEOPLE wanted....cash in thier pockets. So much for the people running things.

Rick

This post was edited by oldtanker at 20:09:25 12/27/11.

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