Lords of Death Forums Lords of Death Forums LoD General Discussion What is wrong with our economic system

I'm totally down for the revolution man

This thread was a little off from what I had expected but oh well. Is the reason the people are getting bonuses do to making money like Khell said, or is it transaction based?

keep in mind there are MANY different operations and divisions within say Merrill Lynch than just CDO and subprime debt serviving. There is sales and trading, private equity, hedge funds, prop trading, i-banking, etc etc etc...
despite sub prime issues, these business units have had GREAT years. The problem is you just cant say, 5% of the organization caused these losses, the rest of you are shit out of luck. The talent is too good, and if say Merrill did that, all those top/good employees would go elsewhere
therein lies the issue
i would even argue that shareholder value would be erroded and the corporation would be put in jeporday if those bonuses were not paid

I remember it Arioch!
"V" That TV mini series about supposedly friendly aliens that were harvesting humans for food.

Might I suggest Twinkies... They are less dangerous in a small underground bunker than chili, and have a longer shelf-life.
-Bal.

Is Bal also Yoda?

I manufacture Stretch but your as down on me as you are anything but "social government"

werd
Ron Paul in my opinion is partially correct. You can lower interest rates, give loans at 100% but if the appraised value is lower than the asking price the loan either (A) does not go through, or (B) the sale price gets lowered.
Most appraisers have been very creative in "coming to value", as the bank/brokers are unfortunately talking with the appraiser prior to the appraisal to come up with a value the lender seeks. This is unethical and illegal and it is where the snowball started.
As I stated in a post a month ago, it is unethical appraisers, greedy lenders/brokers, and irresponsible Americans that caused this crunch. The interest rates will always spike up and down, it is the ethics of the parties involved that may or may not continue this disastrous trend.
If the ethics of the appraiser continues to go unchecked this system may not change. Why? Because Americans will always be irresponsible. As far as the lending agencies are concerned I do not know their ethic codes nor do I know the process well enough to comment on. I just have a good idea where the snowball started.

Can't go back to gold standard, not enough gold and not enough mines to reproduce it. Not sure what his argument was since only read the first line.