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The REAL Looting Is Happening On Wall Street Not In Ferguson, Missouri


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2014 Aug 18, 9:46am   744 views  3 comments

by Bubbabeefcake   ➕follow (1)   💰tip   ignore  

http://investmentwatchblog.com/the-real-looting-is-happening-on-wall-street-not-in-ferguson-missouri/

In the paper, they argued that several financial crises in the 1980s, like the Texas real estate bust, had been the result of private investors taking advantage of the government. The investors had borrowed huge amounts of money, made big profits when times were good and then left the government holding the bag for their eventual (and predictable) losses. In a word, the investors looted. Someone trying to make an honest profit, Professors Akerlof and Romer [co-author of the paper, and himself a leading expert on economic growth] said, would have operated in a completely different manner. The investors displayed...

#housing

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1   Strategist   2014 Aug 18, 9:54am  

Bubbabear says

In the paper, they argued that several financial crises in the 1980s, like the Texas real estate bust, had been the result of private investors taking advantage of the government. The investors had borrowed huge amounts of money, made big profits when times were good and then left the government holding the bag for their eventual (and predictable) losses. In a word, the investors looted.

That is what happened during the S&L crisis in the 1980's, and the bank bailouts of 2008.
Rest assured more to come.

2   Al_Sharpton_for_President   2014 Aug 18, 10:54am  

When ISIS blows up Wall Street, do we mourn? There were innocent construction workers, cooks, clerks, IT people on the Death Star, single moms with kids working two jobs, and Luke blew them up.

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