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Thread: AIG sells $39.3 billion in assets to NY Fed's fund

  1. #31
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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    WRONG!

    I would explain to you, how wrong, but you are not worth the effort.
    All you will do is either make **** up, attack me, or run off on a tangent. I challenge you to "explain". It will give me some pleasure to illustrate the holes you will dig yourself in.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    Enlighten me, where is this "political economy" exactly?
    Lets keep it simple:
    Political Economy can be generally defined as a study drawing upon branches of economics, politics and law aiming to explain clearly the existing relations between different countries of the world. The area of research combines economics and different related fields of study. Political Economy endeavors to understand the policies, both domestic and international, adopted by governments all over the world.
    source
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #33
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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    the money tarp paid aig actually benefitted goldman sachs. goldman sachs just gave themselves huge bonuses. but some repubs like to beat up on welfare moms.

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by scottsoperson View Post
    the money tarp paid aig actually benefitted goldman sachs. goldman sachs just gave themselves huge bonuses. but some repubs like to beat up on welfare moms.
    Well, to be fair, not all offices in goldman recieved bonuses. Only those who actually earn (not the idiots who leveraged swaps 40:1).
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    Lets keep it simple:

    source
    It is not simple, it never has been, it is quite complex, but you forgot to add the rest of your article..........

    " The term can thus be used to analyze how countries are managed in a system where both economic and political factors are at work. Political Economy was the original term for studying the various acts of production, buying and selling and their relations with the laws, customs and governance. It was meant to study the conditions under which production was organized in the new-born capitalist states. In a way, it could be named as branch of social science dealing with the production and distribution of goods and services and their management.
    Political Economy assumed the definition of the study of economies of polities or nation states in the 18th century. Gradually, the concept of the Physiocrats’ that land was the source of all wealth was superimposed by the labour theory of value supported by John Locke, Adam Smith and Karl Marx. Notably, Political Economy incorporates liberal, realist, Marxian and constructivist theories from political science. Starting from the 19th century, “economics” or the study of the economy replicated the term “political economy”.'

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    Well, to be fair, not all offices in goldman recieved bonuses. Only those who actually earn (not the idiots who leveraged swaps 40:1).
    is that right? i don't know. i'll guess i'll have take your word on it. but without tarp i don't think goldman sachs would exist.

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    Well, to be fair, not all offices in goldman recieved bonuses. Only those who actually earn (not the idiots who leveraged swaps 40:1).
    who at goldman allowed them to do the leveraged swaps?

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    some repubs defend corporate welfare recipients and make excuses for them.

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Let us examine this Adam Smith, shall we......well, as my confused friend has said, let's keep it simple....

    "The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."

    Subjects, really, and this man calls himself a libertarian, are you a subject?

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by scottsoperson View Post
    this inspired paulson to come up with tarp. another factor was negative interest rates on short term commercial paper/loans. bernanke and paulson saved the world.
    They are doing, "God's work" after all......

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