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dkf

(37,305 posts)

9. It is EASY to lose money when you use leverage.

Reply to truedelphi (Reply #6)

Wed Dec 5, 2012, 09:35 AM

Dec 2012

And the reason we bailed out the banks is because they are part of the monetary system and not to preserve shareholders. If the system could have handled their collapse the Feds wouldn't have stepped in. They only got involved because it was seen as a risk to systemic failure.

The people of Iceland basically screwed people in other countries. They lived high off the hog when the times were good for their banking system then abandoned their obligations when the times were tough. They walked away which people with mortgages could also do if they so desire.

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So here's my thought, Pres Obama: The poor and the middle class have already taken their cuts. [View all] truedelphi Dec 2012 OP

Oh and one more thing - I really hope that after the dust settles, companies like truedelphi Dec 2012 #1

K&R nt abelenkpe Dec 2012 #2

PARTISAN sacrifice. pansypoo53219 Dec 2012 #3

Have you sent this as a letter to the president? democrattotheend Dec 2012 #4

Real estate is a lot riskier than stocks because it is LEVERAGED. dkf Dec 2012 #5

UH, NO ONE SAID THAT REAL ESTATE IS NOT LEVERAGED. truedelphi Dec 2012 #6

It is EASY to lose money when you use leverage. dkf Dec 2012 #9

It is not at all the reason we bailed out the banks. truedelphi Dec 2012 #10

Kick.. butterfly77 Dec 2012 #7

Congressional and rich and corporate sacrifice! ananda Dec 2012 #8

The president has asked us to contact Congress. He cannot do anything to the Budget. Liberal_Stalwart71 Dec 2012 #11

Unfortunately my Congress Person is a guy truedelphi Dec 2012 #12

WOW! Your Rep is a jerk! The Blue Dogs will destroy this entire process. I wish we didn't have to Liberal_Stalwart71 Dec 2012 #14

Oh and one more thought - truedelphi Dec 2012 #13

That is true, but that gets us nowhere, now does it? We STILL need legislation that protects Liberal_Stalwart71 Dec 2012 #15

Sorry to reveal my age, but in my day, truedelphi Dec 2012 #17

Sorry. Big Three: SS, Medicare, Medicaid :) Liberal_Stalwart71 Dec 2012 #19

Thanks! n/t truedelphi Dec 2012 #20

Excellent read! I hope people take the time to pass this around. I know I will. DaniDubois Dec 2012 #16

Thank you DaniDubois. truedelphi Dec 2012 #18