Comments on: Dan Ariely: How to fix Wall Street http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/ Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Pumpkin731 http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/#comment-680 Fri, 03 Dec 2010 14:53:39 +0000 http://blogs.reuters.com/chrystia-freeland/?p=549#comment-680 People mistrust those that have acted, AND CONTINUE TO ACT criminally with impunity at the expense of the American people and the United States of America, and the issue is “trust”? Hooey. The issue is a Wall Street/Washington cultural void of honor, integrity, and most of all, accountability.

Furthermore, “recapitalize the banks and restore liquidity” did nothing more than enable banks to continue engaging in ultimately nonviable business practices delaying the inevitable write down of losses. Although banks have been able to shift great portions of their paper losses to the American people to bear, the fiscal healing cannot occur until those losses are realized. Things will get very interesting when the paper losses must become real losses, at the expense of social safety nets such as the food stamps that are keeping about 43 million Americans from going postal.

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By: jstaf http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/#comment-666 Thu, 02 Dec 2010 17:12:39 +0000 http://blogs.reuters.com/chrystia-freeland/?p=549#comment-666 I think the article emphasis on trust is correct, but the problem is the well crafted erosion of trust in government that has been conducted by right wing for decades.

The power of fairness is apparent when a government “by the people for the people” winds up being hated by the people, the confusion and contradiction in this attitude is clear but the irrational components that were used to make the bankers rich this time around, “house prices will never go down” are being used now to promote the extensions of tax breaks in times of high deficits.

Let the tax breaks expire, have the government shut down as the neo cons want it and we will force the end game of this damaged democracy and move on.

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By: breezinthru http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/#comment-658 Thu, 02 Dec 2010 11:38:22 +0000 http://blogs.reuters.com/chrystia-freeland/?p=549#comment-658 Keep in mind that the $200 in the trust experiment does not represent an amount of money that could determine whether or not someone is able to continue providing for their family…

and it’s money that originally belonged to a neutral party, not money that was taken out of the participant’s pocket.

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By: breezinthru http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/#comment-657 Thu, 02 Dec 2010 11:32:44 +0000 http://blogs.reuters.com/chrystia-freeland/?p=549#comment-657 I understand that we need a banking system that works in order to operate our economy, but I don’t understand why our government is willing to spend trillions of dollars to support our current banking system…

because we need a banking system that works.

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By: saucymugwump http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/#comment-656 Wed, 01 Dec 2010 23:13:06 +0000 http://blogs.reuters.com/chrystia-freeland/?p=549#comment-656 Gotthardbahn wrote: “you really are quite predictable”

You have obviously never read my blog.

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By: Gotthardbahn http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/#comment-655 Wed, 01 Dec 2010 21:13:43 +0000 http://blogs.reuters.com/chrystia-freeland/?p=549#comment-655 saucymugwump: My my, sir, you really are quite predictable, aren’t you? ‘Banksters’ indeed.

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By: saucymugwump http://blogs.reuters.com/chrystia-freeland/2010/12/01/dan-ariely-how-to-fix-wall-street/#comment-654 Wed, 01 Dec 2010 19:40:12 +0000 http://blogs.reuters.com/chrystia-freeland/?p=549#comment-654 I do not think we need a psychology lesson to understand the hatred towards the banksters.

First, most of us are fired or laid-off when we screw-up or our company does. The banksters really screwed-up and not only suffered no negative consequences, they were given bonuses, bonuses derived from our pockets

Second, it is well understood outside of Wall Street that banksters provide no value to society; they manufacture nothing and create nothing, except profits for themselves. We need the commercial banks, but very few of us would lose a nanosecond of sleep if the NY casinos, aka hedge funds and investment companies, were to disappear tomorrow.

Third, as Reuters’ James Saft wrote in “Pension savers get the boot,” the second act has begun. The banksters’ raping and pillaging of the economy is not finished by a long shot. Now they are raiding pension funds and other assets to satisfy their insatiable urges for our money.

http://saucymugwump.blogspot.com/

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