Comments on: Embattled Wall Street should prepare for worse http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/ Wed, 22 May 2013 21:12:54 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Lambick http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8565 Lambick Thu, 13 Oct 2011 09:29:56 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8565 It took since Reagan to get Glass-Steagall out of the way ("Get the government off your back"), this led to a perfect storm in finance, we'd put up new floodgates against a repeat performance by the banks, we would regulate them into submission, wouldn't we? Since a few people looked at Inside Job, they might not take lightly the fact that next to nothing has actually been done. Enough broken promises to take to the street. It took since Reagan to get Glass-Steagall out of the way (“Get the government off your back”), this led to a perfect storm in finance, we’d put up new floodgates against a repeat performance by the banks, we would regulate them into submission, wouldn’t we?

Since a few people looked at Inside Job, they might not take lightly the fact that next to nothing has actually been done. Enough broken promises to take to the street.

]]> By: Lennon http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8564 Lennon Thu, 13 Oct 2011 07:46:51 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8564 You guys should be marching on the Federal Reserve: a private bank which is responsible for all of this nonsense. If you think I'm mad, try looking up the Federal Reserve Act which was signed off by Woodrow Wilson (he later came to regret it). You guys should be marching on the Federal Reserve: a private bank which is responsible for all of this nonsense.

If you think I’m mad, try looking up the Federal Reserve Act which was signed off by Woodrow Wilson (he later came to regret it).

]]> By: oracleson http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8563 oracleson Thu, 13 Oct 2011 02:49:50 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8563 Time for society to wake up and start a revolution.... the current financial model which they taught at MBA schools have failed. Corporations has been chasing EPS for the short termism CEO and its executives including all its golf buddies board of directors when middle class is trying to put food for their children and have shelters for them. whoever can come out with the new financial model would definitely get a nobel prize in 30 years. Viva revolut"cion"... Time for society to wake up and start a revolution…. the current financial model which they taught at MBA schools have failed. Corporations has been chasing EPS for the short termism CEO and its executives including all its golf buddies board of directors when middle class is trying to put food for their children and have shelters for them.

whoever can come out with the new financial model would definitely get a nobel prize in 30 years.

Viva revolut”cion”…

]]> By: kellycfa http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8562 kellycfa Wed, 12 Oct 2011 23:03:52 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8562 its high time the economy grows through real value contribution from teachers,firemen, engineers, farmers, factory workers, technologists, policemen, doctors nurses cleaners these people do realmwork.not some self serving shenanigans claiming that they're supposed to be the middle men (make that parasite) facilitators of credit. put them back into their original place : a supporting plain vanilla role in the economy facilitating credit flows minus the self serving creativity. its high time the economy grows through real value contribution from teachers,firemen, engineers, farmers, factory workers, technologists, policemen, doctors nurses cleaners
these people do realmwork.not some self serving shenanigans claiming that they’re supposed to be the middle men (make that parasite) facilitators of credit.
put them back into their original place : a supporting plain vanilla role in the economy facilitating credit flows minus the self serving creativity.

]]> By: JLWR http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8561 JLWR Wed, 12 Oct 2011 20:37:53 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8561 Why do banks have to create junk (always a new name) and sell it to make garganuan profits and then what they sold ends up worthless. When will we just make all banking non-profit - no more derivatives, CDOs, etc. Stop the casino banking. No money is ever printed for any interest whether earned or owed, so interest fiat really does not even exist. With that in mind, everyone is chasing a fairy tale. Just save real money, forget stupid interest and make all banking world wide non-profit. Banks should exist to hold or transfer funds as needed and for no other reason. Why do banks have to create junk (always a new name) and sell it to make garganuan profits and then what they sold ends up worthless. When will we just make all banking non-profit – no more derivatives, CDOs, etc. Stop the casino banking. No money is ever printed for any interest whether earned or owed, so interest fiat really does not even exist. With that in mind, everyone is chasing a fairy tale. Just save real money, forget stupid interest and make all banking world wide non-profit. Banks should exist to hold or transfer funds as needed and for no other reason.

]]> By: BowMtnSpirit http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8559 BowMtnSpirit Wed, 12 Oct 2011 18:33:44 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8559 Nice to see the acknowledgment of "taxpayer support," although that support was ripped from the middle class by the coercive force of the state over the howling protests of those taxpayers. They were ignored, because they were not, and still are not, a factor in the government's decision-making. Those decisions are made on Wall Street. Also nice to see the acknowledgment of the theft of production from the middle class by Bernie and Timmy, through the wholesale printing of fiat money. ("... trillions of dollars pumped into financial markets, inflating asset prices and trading desk profits.") Boy, I sure feel sorry for those banks. 10,000 pink slips is not going to be "the worst" though. Barred windows will be a fortunate turn of events for these execs by the time we're through. Nice to see the acknowledgment of “taxpayer support,” although that support was ripped from the middle class by the coercive force of the state over the howling protests of those taxpayers. They were ignored, because they were not, and still are not, a factor in the government’s decision-making. Those decisions are made on Wall Street.

Also nice to see the acknowledgment of the theft of production from the middle class by Bernie and Timmy, through the wholesale printing of fiat money. (“… trillions of dollars pumped into financial markets, inflating asset prices and trading desk profits.”)

Boy, I sure feel sorry for those banks. 10,000 pink slips is not going to be “the worst” though. Barred windows will be a fortunate turn of events for these execs by the time we’re through.

]]> By: HowleyGreen http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8558 HowleyGreen Wed, 12 Oct 2011 17:30:57 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8558 Wall Street should keep in mind that their jobs are not immune from outsourcing either. You do not have to sit on Wall Street to manage money, trade equities, or create derivatives. John Howley http://www.pacificadvisorsllc.com/john_howley.html Wall Street should keep in mind that their jobs are not immune from outsourcing either. You do not have to sit on Wall Street to manage money, trade equities, or create derivatives.

John Howley
http://www.pacificadvisorsllc.com/john_h owley.html

]]> By: txgadfly http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8557 txgadfly Wed, 12 Oct 2011 16:09:11 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8557 Time to limit financial institution size by statute and tax law. This "industry" has caused more damage to the American people as a whole than heroin dealers, and yet we keep giving them more money? Whatever for? We need consumer friendly banks that are completely separated from risk taking, derivative spewing financial speculation houses. Time to limit financial institution size by statute and tax law. This “industry” has caused more damage to the American people as a whole than heroin dealers, and yet we keep giving them more money? Whatever for?

We need consumer friendly banks that are completely separated from risk taking, derivative spewing financial speculation houses.

]]> By: Tiu http://blogs.reuters.com/breakingviews/2011/10/11/embattled-wall-street-should-prepare-for-worse/comment-page-1/#comment-8555 Tiu Wed, 12 Oct 2011 13:41:00 +0000 http://blogs.reuters.com/columns/?p=7145#comment-8555 They have plucked and stuffed the golden goose and are now wondering why it's not laying golden eggs any more. They have plucked and stuffed the golden goose and are now wondering why it’s not laying golden eggs any more.

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