#1Jun 11th, 2009
And Company's Executives bank the saving and don't pump any of those savings back into our economy.
DAM YOU BASTRDS!
It's your damn fault, Market Traders, and Greedy C.E.O.'s.
And Company's Executives bank the saving and don't pump any of those savings back into our economy.
DAM YOU BASTRDS!
Republican
#2
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009
It'll never be different untill the capitalists are all gone.
Green
#3
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009
I trade stocks, but I did nothing to hurt this "market" you speak of. If you're talking about the TSX, it's in pretty good shape. Somewhere around 10400, I think. Not an all-time high, but recovering.
As for CEO's, well, their job is to maximize profits, that's it. If you don't like that, as I don't, then you have a problem with the laws of incorporation. Any behaviour that goes against profit maximization puts them on the wrong side of the law.
As for CEO's, well, their job is to maximize profits, that's it. If you don't like that, as I don't, then you have a problem with the laws of incorporation. Any behaviour that goes against profit maximization puts them on the wrong side of the law.
#4
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009
Well now, the best part is that our delightful greenies have decided that the way to save the earth is to establish some carbon trading scheme, which will be run in short order by the same traders who have made investment banking so successful.
Green
#5
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009Quote: Originally Posted by TenPenny
Nope. Completely wrong. It will be made up of companies that have or require carbon credits.Well now, the best part is that our delightful greenies have decided that the way to save the earth is to establish some carbon trading scheme, which will be run in short order by the same traders who have made investment banking so successful.
The traders you speak of trade in Credit Default Swaps, which is a type of insurance, and has no tangible commodity behind it, unlike carbon credits.
#6
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009Quote: Originally Posted by Sublime
Who you calling a bastrd??? It's your damn fault why are markets are so dam poor, you trade our jobs away to other country's for cheap labour and we lose jobs.
And Company's Executives bank the saving and don't pump any of those savings back into our economy.
DAM YOU BASTRDS!
No Party Affiliation
#7
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009Quote: Originally Posted by darkbeaver
Then we can have the Union of Soviet Socialist Canada. Awesome! I can hardly wait till we find our own Stalin. What was the count? 20 million? 30 million dead under him?It'll never be different untill the capitalists are all gone.
No Party Affiliation
#8
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009Quote: Originally Posted by johnnyhangover
Its not quite that cut and dry. There is a chain of command so to speakAs for CEO's, well, their job is to maximize profits, that's it. If you don't like that, as I don't, then you have a problem with the laws of incorporation. Any behaviour that goes against profit maximization puts them on the wrong side of the law.
Investors --> Board of Directors --> CEO --> other execs and exmployees
As an investor (which I am) I want profit but I can, through the board, put limits on how I want that profitibility achieved.
I actually admire Henry Ford's outlook:
Quote:
A business that makes nothing but money is a poor business.
Quote:
The highest use of capital is not to make more money, but to make money do more for the betterment of life.
Quote:
There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible
Those statements, in my mind show, how skewed our current economic system has become. I am definately not a socialist (I think collectivism discourages innovation and hard work), but I do think something is wrong with the way our system is working. To use an example, the bonuses paid to execs in companies like AIG in the US when the companies are underperforming due to the decisions the execs made. There was an excuse made that paying those bonuses was necessary to keep execs working for AIG, but IMO, it was their incompetance that put the company in jeopardy, so if they all quit, then good riddance. AIG is an extreme example but I've seen the same thing in the private sector in Canada.
I think the real issue is investors need to start exerting their authority over the board and the execs more, but a) they have to accept that limiting profits to build communities is in their best interest and b) they have to find a way to make their priorities known in a world where pension funds and large investors are the ones with the most control, thus the most say in how things are run.
#9
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009Quote: Originally Posted by johnnyhangover
And how, exactly, are these 'companies' going to trade credits? Is the CEO of SomePulpMill going to call up the CEO of SomeOtherCo and make a deal?Nope. Completely wrong. It will be made up of companies that have or require carbon credits.
No, they'll used hired intermediaries. And guess who they'll be?
The same intermediaries they use when they need capital.
Don't kid yourself, it's the same merry band of thieves.
No Party Affiliation
#10
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009Quote: Originally Posted by wulfie68
Pretty much in line with my views. Its not quite that cut and dry. There is a chain of command so to speak
Investors --> Board of Directors --> CEO --> other execs and exmployees
As an investor (which I am) I want profit but I can, through the board, put limits on how I want that profitibility achieved.
I actually admire Henry Ford's outlook:
Those statements, in my mind show, how skewed our current economic system has become. I am definately not a socialist (I think collectivism discourages innovation and hard work), but I do think something is wrong with the way our system is working. To use an example, the bonuses paid to execs in companies like AIG in the US when the companies are underperforming due to the decisions the execs made. There was an excuse made that paying those bonuses was necessary to keep execs working for AIG, but IMO, it was their incompetance that put the company in jeopardy, so if they all quit, then good riddance. AIG is an extreme example but I've seen the same thing in the private sector in Canada.
I think the real issue is investors need to start exerting their authority over the board and the execs more, but a) they have to accept that limiting profits to build communities is in their best interest and b) they have to find a way to make their priorities known in a world where pension funds and large investors are the ones with the most control, thus the most say in how things are run.
Good post and good quotes. But I won't be holding my breath.
#11
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 11th, 2009
"...the bonuses paid to execs in companies like AIG in the US when the companies are underperforming due to the decisions the execs made. There was an excuse made that paying those bonuses was necessary to keep execs working for AIG..."
I bet that claim was made by the execs working for AIG.
The more you dig the worse it gets. For example, in a letter to Congress from New York Attorney General Andrew Cuomo dated April 23, 2009, Bernanke was mentioned along with former Treasury Secretary Henry Paulson in allegations of fraud concerning the acquisition of Merrill Lynch by Bank of America. The letter alleged that the extent of the losses at Merrill Lynch were not disclosed to Bank of America by Bernanke and Paulson. When Bank of America CEO Kenneth Lewis informed Paulson that Bank of America was exiting the merger by invoking the "Materially Adverse Change" clause Paulson immediately called Lewis to a meeting in Washington. At the meeting, which allegedly took place on December 21, 2008, Paulson told Lewis that he and the board would be replaced if they invoked the MAC clause and additionally not to reveal the extent of the losses to shareholders. Paulson stated to Cuomo's office that he was directed by Bernanke to threaten Lewis in this manner.
reference:
--
I bet that claim was made by the execs working for AIG.
The more you dig the worse it gets. For example, in a letter to Congress from New York Attorney General Andrew Cuomo dated April 23, 2009, Bernanke was mentioned along with former Treasury Secretary Henry Paulson in allegations of fraud concerning the acquisition of Merrill Lynch by Bank of America. The letter alleged that the extent of the losses at Merrill Lynch were not disclosed to Bank of America by Bernanke and Paulson. When Bank of America CEO Kenneth Lewis informed Paulson that Bank of America was exiting the merger by invoking the "Materially Adverse Change" clause Paulson immediately called Lewis to a meeting in Washington. At the meeting, which allegedly took place on December 21, 2008, Paulson told Lewis that he and the board would be replaced if they invoked the MAC clause and additionally not to reveal the extent of the losses to shareholders. Paulson stated to Cuomo's office that he was directed by Bernanke to threaten Lewis in this manner.
reference:
--
Quote:
Phew! This smells so bad. Any capitalist right wingers want to defend this crap...Paulson was the designated leader of the Bush Administration's efforts in 2008 to nationalize the cost of bad loans made by financial institutions.
Quote has been trimmed
Through unprecedented intervention by the U.S. Treasury, Paulson led government efforts which he said were aimed at avoiding a severe economic slowdown. He pushed through the conservatorship of government agency mortgage giants Fannie Mae and Freddie Mac. Working with Federal Reserve Chairman Ben Bernanke, he influenced the decision to create a credit facility (bridge loan & warrants) of US$85 billion to American International Group so it would avoid filing bankruptcy.
In late September 2008, Paulson, along with Federal Reserve Chairman Ben Bernanke, led the effort to help financial firms by agreeing to use US$700 billion dollars to purchase bad debt they had incurred.[23] He faced criticism from economists for initially refusing to consider injecting large amounts of cash into financial institutions directly by purchasing stock, an option which other countries in similar circumstances have pursued.[24] This was the option favored by Federal Reserve Chairman Bernanke, and the one that was eventually followed. [25]
On September 19, 2008, Paulson called for the U.S. government to use hundreds of billions of Treasury dollars to help financial firms clean up nonperforming mortgages threatening the liquidity of those firms.[26] Because of his leadership and public appearances on this issue,...
#12
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
I have no problem with people making a profit, but when U bank it all and not pump it back into the economy it destroys jobs and the middle class, which built this country..and North America as a whole.
Capatalism runs on the prusumption that in trust you will actualy spend money not just save it all.
DAM BASTRDS!
Capatalism runs on the prusumption that in trust you will actualy spend money not just save it all.
DAM BASTRDS!
#13
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
I wrote a tune called "Greed" If you got nothin better to do ..Check it out.GreenFish66 on MySpace Music - Free Streaming MP3s, Pictures & Music Downloads
#14
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
Thanks for the song, got a job?
Bloc Québécois
#15
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
What kind of work are you looking for?
#16
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
Farm/Labour something other than the usual crud i'v bean doing.
No Party Affiliation
#17
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009Quote: Originally Posted by Sublime
There are quite a few golf courses around Pickering and they usually look for greens keepers etc, it's outdoor work and it usually pays decently.Farm/Labour something other than the usual crud i'v bean doing.
No Party Affiliation
#18
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
Sublime... might I suggest that you link people to one thread to talk about your job skills and search? Right now you've got people giving you work advice in three separate threads. Keeping track, for you AND them, will be easier if you funnel all the great advice into one place.
If not, that's fine too... just a suggestion.
If not, that's fine too... just a suggestion.
No Party Affiliation
#19
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009Quote: Originally Posted by Sublime
--Farm/Labour something other than the usual crud i'v bean doing.
Title: Fruit farm worker (Apple Orchard Worker) (--)
Terms of Employment: Permanent, Full Time, Weekend, Day
Salary: To be negotiated, Other Benefits
Anticipated Start Date: As soon as possible
Location: Ajax -Kingston Rd & Lakeridge, Ontario (1 vacancy)
There you go, you owe me $500.00 for my amazing internet searching skills.
#20
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
I already applied there I'm awaiiting there call or email, thanks though!
#21
Henry Ford Quotes by Wulfie69
Jun 12th, 2009
Henry Ford Quotes by Wulfie68
"A business that makes nothing but money is a poor business."
"The highest use of capital is not to make more money, but to make money do more for the betterment of life. "
Maybe it's Time failing Biz goes back to the lemonaid stand theory.Stop price gouging!.
Wulfie68...Great quotes..
Well being indicator beside the economic market indicators..Is 1 solution...
"A business that makes nothing but money is a poor business."
"The highest use of capital is not to make more money, but to make money do more for the betterment of life. "
"There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible"
Maybe it's Time failing Biz goes back to the lemonaid stand theory.Stop price gouging!.
Wulfie68...Great quotes..
Well being indicator beside the economic market indicators..Is 1 solution...
#22
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
WOW, thank allah for the internet, I got a farm job on the go, and a construction job. sweet.
#23
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
Damn All these good threads to read and my battery's gonna die...
Have a good weekend..Catch up L*R
Have a good weekend..Catch up L*R
Republican
#24
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009Quote: Originally Posted by L Gilbert
So socialism did that? I suppose your screwdriver ****ed up the last carburator you adjusted. Then we can have the Union of Soviet Socialist Canada. Awesome! I can hardly wait till we find our own Stalin. What was the count? 20 million? 30 million dead under him?
#25
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
Trading is the most noble profession a man can follow.
Next is "being a CEO."
Next is "being a CEO."
Republican
#26
Re: It's your damn fault, Market Traders, and Greedy C.E.O.'s.
Jun 12th, 2009
Want to trade some livestock? CEO (chief executable officer)eh, that's still just this side of funny you know. By the end of this year I wouldn't try it in mixed company. You know the hangings have already started in some less cultured corners.
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