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| User Info | Slope Of Hope Interview, Pt 1 in forum [Ticker] | |||
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Genesis Posts: 66462 Incept: 2007-06-26 
Royal Flush! 
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http://market-ticker.org/archives/1549-S....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-10-29 08:00:43
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If Posts: 450 Incept: 2008-01-06 
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Well done. Nice clear summary. You're doing a great job getting the message out there!
---------- The economy is so bad, if the bank returns your check marked "Insufficient Funds", you call them and ask if they meant you or them. 2009-10-29 08:20:03
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Robert17 Posts: 63 Incept: 2009-03-15 Judsonia, Arkansas Online
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So Ron Paul doesn't want your missives? What reason do they give? Is he an anarcho-capitalist?
2009-10-29 11:02:56
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Takingbets Posts: 7 Incept: 2009-08-25 CA
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Loved it Karl, but I have to ask, when do we get part2? I was also suprised to hear about Ron Paul. I wonder why? 2009-10-29 11:12:32
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Jstanley01 Posts: 2332 Incept: 2008-07-30
San Antonio, Texas
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Great interview. I thought the best thing about it was
---------- Come on. It's just a ****ing casino. The markets have nothing to do with reality most of the times.. until they suddenly do... -- Peezdets 2009-10-29 11:33:31
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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When they get it done, I'll post the other parts.... there are several more.
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-10-29 11:34:28
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Nemesis Posts: 3857 Incept: 2008-01-03
Canada
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Robert, maybe it's because Ron Paul already believes what Karl believes? He's among the few really pushing for the same changes Karl is advocating. No? I don't think RP is Karl's enemy at all; maybe he just doesn't have the financial resources to spend 10K a year on the amount of fax paper it takes to receive all of his stuff. :) Does Paul get the kind of financial contributions from big business that other congressmen receive? Seriously, I can't think of why he would be refusing info from Karl otherwise. Great interview and graphics. Last modified:
2009-10-29 11:47:38 by nemesis
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Assassin Posts: 48 Incept: 2009-05-21 Illinois
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Nemesis wrote..Robert, maybe it's because Ron Paul already believes what Karl believes? He's among the few really pushing for the same changes Karl is advocating. No? Hardly. KD is suggesting a number of (re)regulations on the banks, and splitting them up along Glass Steagall lines. Paulites think the banks can self-regulate (hah) once the Fed's meddling is out of the picture, and the idea of the government splitting up any corporation is akin to murder in their minds. 2009-10-29 11:50:10
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Asimov Posts: 21223 Incept: 2007-08-26
east tennessee Online
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Quote:Does Paul get the kind of financial contributions from big business that other congressmen receive? No. He gets little if any. However, he did get the majority of the military donations for the election. More than the others combined. Didn't get reported very much, for obvious reasons. ---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2009-10-29 12:05:00
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Robert17 Posts: 63 Incept: 2009-03-15 Judsonia, Arkansas Online
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Self regulation works well when you must suffer the consequences of your actions in the marketplace. When you are using someone else's money, and/or aren't allowed to fail, it won't work.
2009-10-29 12:18:06
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Realist Posts: 72 Incept: 2009-07-14 Pennsylvania
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I can't hear Karl's voice on the video. This occurs whether I view it from the Ticker or You Tube. What am I doing wrong? ------------------------------------------------- A trillion here, a trillion there and pretty soon you're talking about real money ************************************* Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist. - Kenneth Boulding, economist 2009-10-29 12:35:42
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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You are only hearing on channel. They've got the interviewer on the right stereo channel, me on the left.
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-10-29 12:36:19
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Tesla Posts: 7276 Incept: 2008-04-03 
Delaware
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Robert17 has it. You wouldn't need to regulate banks if: 1 - accounting games were illegal AND prosecuted as criminal fraud 2 - no bank was immune from failure or had access to taxpayer funds 3 - no FDIC insurance - your deposits were at risk, forcing you to read the bank's balance sheet and understand their risks ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata 2009-10-29 13:05:00
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Assassin Posts: 48 Incept: 2009-05-21 Illinois
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Quote:Robert17 has it. You wouldn't need to regulate banks if: right, because lack of FDIC insurance worked so well in the 1920s. if full-time banking analysts couldn't even understand the banks' risks, how the hell do you expect the average despositor to do so? most people who have money to store already have full-time jobs that kind of make it impractical for them to continually scrutinize banks. should they quit their day jobs? or just sock their cash in a mattress? you're living in a fairyland. FDIC insurance helped keep the system out of the crapper this time around. without it, the banking system would be a smoldering shambles. 2009-10-29 13:22:57
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Tesla Posts: 7276 Incept: 2008-04-03
Delaware
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FDIC insurance makes depositors lazy and uninformed. It penalizes the prudent banks by equalizing protection for the imprudent. If you can't understand a bank's balance sheet, then you shouldn't have money in the bank that you're not willing to lose. Get educated. Ever hear of Consumer Reports ? There could be lots of private alternatives to do-it-yourself if you can't read balance sheets. Government programs are just one big fail. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata 2009-10-29 15:00:59
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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Quote:If you can't understand a bank's balance sheet, then you shouldn't have money in the bank that you're not willing to lose. Get educated. That's a nice sentiment. Now look at the banks that failed this year that are publicly traded. Identify for me the ones that had bad balance sheets representing 20, 30, 40, 50% losses to the DIF before they were seized. Show me where the deficiencies were on the balance sheets. You can't, because the balance sheets were a LIE. You could SURMISE that a bank with a heavy CRE exposure was ****ed, but you could not SHOW IT based on a balance sheet that claimed at or near PAR value for assets that were in fact worth 50 cents on the dollar. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-10-29 15:02:42
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Tesla Posts: 7276 Incept: 2008-04-03
Delaware
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OK, I'll give you that you can't possibly come up with a solid number based on the lies...BUT, as you said, you CAN make educated guesses, hence your call to exit the TARP banks and move your money to a CU or into cash. Of course, your call to stop the lies is the most important way to correct the situation. It does also send a message, however, if those moving their money out of a bank stops by the branch manager's office to say exactly why there is no longer any trust in the bank and money is walking. Simply leaving your money there because you think the FDIC has your back sends the wrong message. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata 2009-10-29 15:27:04
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Genesis Posts: 66462 Incept: 2007-06-26
Royal Flush!
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The FDIC guarantee isn't the cause of the problem.
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-10-29 15:27:47
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Robert17 Posts: 63 Incept: 2009-03-15 Judsonia, Arkansas Online
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I'd like to see people go to jail, you know, swing pickaxes and such. That might help some bankers to stop playing games. Karl made some nice points a few weeks ago in regard to FRB and how these bubbles get going.
2009-10-29 15:46:05
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Assassin Posts: 48 Incept: 2009-05-21 Illinois
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Quote:FDIC insurance makes depositors lazy and uninformed. It penalizes the prudent banks by equalizing protection for the imprudent. yeah, and that doggoned FDA makes eaters and medicators lazy and uninformed. and it raises the cost for healthy food and drug producers by treating them with the same skepticism as unhealthy producers. the horrors! abolish the FDA! Quote:Government programs are just one big fail. and your post is just one big sad bumpersticker oversimplification. 2009-10-29 16:19:26
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Tesla Posts: 7276 Incept: 2008-04-03
Delaware
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Assassin - name a successful government program. By definition, if the government has to do it, it's not an economically viable program. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata 2009-10-29 16:54:26
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Assassin Posts: 48 Incept: 2009-05-21 Illinois
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Quote:Assassin - name a successful government program. so let me get this straight.. you ask me to name a successful government program, but your definition of "success" immediately excludes anything the government has a hand in? well, i refuse to abide by your sophistry or use your definition of "success". so i'll name some anyway: - the interstate highway system - the Internet - Food and Drug Administration - the Fire Department (you never specified "federal government") - Tennessee Valley Authority - national park system - FEMA (pre Bush II) - FDIC (has kept the majority of depositors protected for over 70 years -- fulfilling its intended goal) - the military but in Tesla land, those are all automatically failures because the big bad gubmint was involved, right? okay. and you can convince us all that John Galt and co. would have built a better Internet, if only that damned government hadn't preempted them by making it first. that should prove entertaining. Last modified:
2009-10-29 17:44:28 by assassin
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Fletchjr Posts: 776 Incept: 2007-07-26
Minnesota Online
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http://news.yahoo.com/s/ynews/ynews_ts96.... Grayson is starting to get it from all sides and is being portrayed as a bit of a goof, yet somehow one that will be tough to beat in a swing district. 2009-10-29 19:17:46
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Frostydc4 Posts: 140 Incept: 2008-03-14
AZ/LA
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bilge
Last modified:
2009-10-30 00:01:38 by frostydc4
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