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Thread: 'Volcker Rule' Stalls in Senate

  1. #11
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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by Crunch View Post
    Those companies were too big to fail..... the politicians would have lost a bundle.
    So would have the average American who has variouas investment vehicles like 401ks

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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by winston53660 View Post
    So would have the average American who has variouas investment vehicles like 401ks
    And here I am thinking that they lost a lot anyway. The people who lost all that money still have jobs and are raking in the dough. Amazing, huh?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by phattonez View Post
    The people who lost all that money still have jobs and are raking in the dough. Amazing, huh?
    This is my recommendation for the Wall Streeters that lost all that money:


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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by phattonez View Post
    And here I am thinking that they lost a lot anyway. The people who lost all that money still have jobs and are raking in the dough. Amazing, huh?
    The vast majority of people on wall street had nothing to do with the underlying problems in the economy, so it's not surprising that they weren't all fired.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by RightinNYC View Post
    The vast majority of people on wall street had nothing to do with the underlying problems in the economy, so it's not surprising that they weren't all fired.
    Neither did the people who did lose the money. Those companies were bailed out.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by winston53660 View Post
    This is my recommendation for the Wall Streeters that lost all that money:

    Oh, right, it was those nasty Wall Streeters who forced Americans to incur massive amounts of debt. Damn them!


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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by Ethereal View Post
    Oh, right, it was those nasty Wall Streeters who forced Americans to incur massive amounts of debt. Damn them!

    I'm talking about the average working citizen with a 401k. Not CREDIT CARD MILLIONAIRES.

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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by winston53660 View Post
    I'm talking about the average working citizen with a 401k.
    So am I.



    That's freaking pathetic. No wonder so many Americans are defaulting on their homes.

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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by phattonez View Post
    Neither did the people who did lose the money. Those companies were bailed out.
    What are you basing this on? Job losses on wall street have been substantial.

    Job Loss League Table - The Updated 'Hit List' :: Business News :: Here Is The City News :: The Latest Business & Financial Markets News And Views

    Despite accounting for less than 5% of the jobs in NYC, Wall Street accounted for more than 1/4 of all jobs lost in the city this past year.

    The claim that government bailouts spared the financial industry from pain is demonstrably false.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: 'Volcker Rule' Stalls in Senate

    Quote Originally Posted by Ethereal View Post
    So am I.



    That's freaking pathetic. No wonder so many Americans are defaulting on their homes.
    Fun chart:

    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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