Answer for you

1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User

Welcome to IWETHEY!

Post #306,162 by beepster 3/25/09 8:26:06 AM Reply	Answer for you it depends on what they are deriving their profit from and which sector of the business you are talking about. If its banking, and they are turning a profit..is that profit derived from loans to the businesses that are allowing them to expand? Allowing them to continue to pay workers through a down cycle? If yes, then the answer is "yes, this is a productive economy". I will choose a path that's clear. I will choose freewill.
Post #306,179 by drook 3/25/09 12:48:27 PM Reply	That doesn't sound like the last several years -- Drew
Post #306,180 by beepster 3/25/09 1:11:25 PM Reply	Its certainly more complicated and there is a lot of equating "wall street" to banks...which can't be done anymore in a straight fashion...but it certainly is a core function of the entities themselves...and getting clarity around rules (and certainly about what constitutes a "security" and its creation re: derivatives from CDOs etc) is part of what I was speaking of before that needs to be reworked by the Fed to clean things up. I will choose a path that's clear. I will choose freewill.

Johnson and Kwak on Geithner's plan. - (Another Scott) - (28) - March 24, 2009, 10:51:28 AM EDT

Interesting, though. - (beepster) - (27) - March 24, 2009, 10:54:40 AM EDT

They only show a profit before writedowns. - (Another Scott) - March 24, 2009, 10:59:36 AM EDT

And? - (hnick) - (25) - March 24, 2009, 11:23:21 AM EDT

The predictions of their demise - (beepster) - (24) - March 24, 2009, 11:35:01 AM EDT

So what *is* the right solution? -NT - (drook) - (23) - March 24, 2009, 12:01:28 PM EDT

If the Fed failed so miserably at a rescue... - (beepster) - (22) - March 24, 2009, 12:16:12 PM EDT

So, one vote for the Japanese solution, then? - (Another Scott) - (1) - March 24, 2009, 12:25:08 PM EDT

yup - (boxley) - March 24, 2009, 12:35:20 PM EDT

A: Change which rules? B: What about the current problem? - (drook) - (19) - March 24, 2009, 12:58:54 PM EDT

Re: A: Change which rules? B: What about the current problem - (beepster) - (18) - March 24, 2009, 01:51:39 PM EDT

Industry != business - (jake123) - (17) - March 24, 2009, 02:43:40 PM EDT

industry is making bricks, trade is - (boxley) - (5) - March 24, 2009, 02:53:11 PM EDT

Question for you - (drook) - (4) - March 24, 2009, 06:12:41 PM EDT

no bricks for you :-) - (boxley) - March 24, 2009, 07:00:55 PM EDT

Answer for you - (beepster) - (2) - March 25, 2009, 08:26:06 AM EDT

That doesn't sound like the last several years -NT - (drook) - (1) - March 25, 2009, 12:48:27 PM EDT

Its certainly more complicated - (beepster) - March 25, 2009, 01:11:25 PM EDT

Ok...does the "business" add value? - (beepster) - (10) - March 25, 2009, 08:22:26 AM EDT

No. - (jake123) - (9) - March 25, 2009, 09:50:22 AM EDT

Then we disagree - (beepster) - (8) - March 25, 2009, 12:04:30 PM EDT

You're talking about banking - (jake123) - March 25, 2009, 01:40:30 PM EDT

Let me try another angle - (drook) - (6) - March 25, 2009, 05:53:33 PM EDT

most of them were NOT at the banks - (beepster) - (5) - March 25, 2009, 06:10:38 PM EDT

Where did I say "bank"? -NT - (drook) - (4) - March 25, 2009, 07:56:37 PM EDT

When you got sarcastic - (beepster) - (3) - March 25, 2009, 08:08:10 PM EDT

Okay, two things - (drook) - (2) - March 25, 2009, 08:34:57 PM EDT

Lets just assume - (beepster) - (1) - March 25, 2009, 08:51:54 PM EDT

Re that '99 Triumph of Lobbying-via intentional obfuscation - (Ashton) - March 26, 2009, 02:26:27 AM EDT

This is a test of the Emergency LRPD System. This is only a test.
55 ms