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Reply #46: Krugman doesn't buy that argument [View All]

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-15-10 03:46 PM
Response to Reply #42
46. Krugman doesn't buy that argument
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  -DONE DEAL Senate Passes Financial Reform (updated) ProSense  Jul-15-10 02:03 PM   #0 
  - Thank you Senator Dodd and Congressman Frank n/t  livetohike   Jul-15-10 02:08 PM   #1 
  - So America will never have another market produced fiscal crisis again?  Oregone   Jul-15-10 02:14 PM   #2 
  - Never say never  NJmaverick   Jul-15-10 02:20 PM   #4 
  - But I'm asking if this bill directly addresses the fundamental problems that caused this last mess?  Oregone   Jul-15-10 02:24 PM   #7 
     - That it does  NJmaverick   Jul-15-10 02:36 PM   #17 
  - They could have passed the "prefect" Feingold-blessed bill and you still couldnt say that..  DCBob   Jul-15-10 02:24 PM   #6 
  - In capitalism, you could never really say that I guess  Oregone   Jul-15-10 02:27 PM   #9 
     - So the whole thing, all 2000 pages is just worthless trash??.. nearly two years of work for nothing?  DCBob   Jul-15-10 02:36 PM   #16 
        - The vast majority of people making claims like that don't even understand 2 pages of it.  phleshdef   Jul-15-10 02:37 PM   #18 
        - No doubt.. check out this related article..  DCBob   Jul-15-10 02:46 PM   #27 
        - Not a bit...of course its not worthless  Oregone   Jul-15-10 02:39 PM   #21 
           - Well, I do agree with that.. there are serious fundamental problems with "capitalism"..  DCBob   Jul-15-10 02:44 PM   #24 
              - Well in that context, strap yourself in  Oregone   Jul-15-10 02:49 PM   #29 
  - How do you even know if something is "too big" to fail? What scientific measurement can reliably...  phleshdef   Jul-15-10 02:30 PM   #11 
  - I don't know  Oregone   Jul-15-10 02:37 PM   #19 
  - People cause all problems.  phleshdef   Jul-15-10 02:44 PM   #25 
     - You mean...all the people as in humanity, or poor & middle class people looking for loans?  Oregone   Jul-15-10 02:48 PM   #28 
        - I mean all people, regardless of class status.  phleshdef   Jul-15-10 02:58 PM   #31 
           - Well, I agree, all people as in humanity and the instutions they create  Oregone   Jul-15-10 03:01 PM   #33 
  - Well, we know the current size was "too big to fail" so we could start by making them smaller ...  GOTV   Jul-15-10 03:01 PM   #32 
     - Heh....those banks only want to be TBTF when getting hand outs  Oregone   Jul-15-10 03:18 PM   #37 
     - I don't even think size is truly the issue. Its practices that are the problem.  phleshdef   Jul-15-10 03:19 PM   #38 
        - "3 big banks failing because of giving people loans that can't be paid"  Oregone   Jul-15-10 03:23 PM   #39 
        - No, but its one of the big problems that most people know about.  phleshdef   Jul-15-10 03:31 PM   #41 
           - That problem was a sympton caused by banks ability to leverage risk  Oregone   Jul-15-10 03:37 PM   #43 
              - Yea, we should just outlaw banks. If we didn't have banks, they couldn't leverage risk.  phleshdef   Jul-15-10 03:41 PM   #44 
                 - Perhaps its not the most miserable idea  Oregone   Jul-15-10 03:58 PM   #47 
                    - I don't disagree with your ideas.What I disagree with is that you seem to feel so letdown...  phleshdef   Jul-15-10 04:41 PM   #50 
                       - Its the cumulative effect at every step  Oregone   Jul-15-10 04:55 PM   #51 
        - A medium sized bank is less likely to take excessive risk because ...  GOTV   Jul-15-10 03:36 PM   #42 
           - That argument doesn't hold up though. Its not like they planned on failing.  phleshdef   Jul-15-10 03:45 PM   #45 
           - Krugman doesn't buy that argument  ProSense   Jul-15-10 03:46 PM   #46 
              - Well, that carries some weight with me. I'll have to think about his points  GOTV   Jul-16-10 11:18 AM   #53 
  - Here  ProSense   Jul-15-10 02:33 PM   #15 
  - WHOO!! HOOO!!!!  NJmaverick   Jul-15-10 02:19 PM   #3 
  - Deleted message  Name removed   Jul-15-10 02:22 PM   #5 
  - Wall Street loves it so much the Dow is down 90!  tridim   Jul-15-10 02:31 PM   #13 
     - lol DOW started the day in a tumble, starting to rebound  mikelgb   Jul-15-10 02:40 PM   #22 
     - .  tridim   Jul-15-10 02:41 PM   #23 
        - ..  mikelgb   Jul-15-10 02:45 PM   #26 
           - The market is spiking upward.. Faux will have to change their lead story!!  DCBob   Jul-15-10 02:53 PM   #30 
              - was hoping stewie would respond n/t  mikelgb   Jul-15-10 03:12 PM   #36 
     - In all fairness, I'm not sure using the Dow as an indicator for anything  Arkana   Jul-15-10 03:27 PM   #40 
        - My point is and was that the naysayers said the market would celebrate when the bill passed.  tridim   Jul-15-10 04:16 PM   #48 
  - Wow, what a battle and not a vote to spare to break the fili..  DCBob   Jul-15-10 02:26 PM   #8 
  - I'm shocked, SHOCKED that the Dow is currently down 90 points  tridim   Jul-15-10 02:29 PM   #10 
  - You can bet the GOPers and Faux will pounce on that..  DCBob   Jul-15-10 02:31 PM   #12 
  - Faux and the GOP have already said it's a weak bill and a giveaway to Wall Street.  tridim   Jul-15-10 02:33 PM   #14 
     - Not really.. I was watching Faux biz yesterday and their talking point was this hurts business..  DCBob   Jul-15-10 02:38 PM   #20 
  - Dow finishes down 0.07% or 7.5 points. Quite a rebound.  GOTV   Jul-15-10 03:05 PM   #35 
  - Already one of the greatest presidents ever  impik   Jul-15-10 03:04 PM   #34 
  - Another HUGE victory for President Obama and the Dems.  Phx_Dem   Jul-15-10 04:22 PM   #49 
  - FigLeaf has passed. Obama endorsing the Catfood Commission is up next n/t  brentspeak   Jul-15-10 05:07 PM   #52 
  - Deleted message  Name removed   Jul-16-10 09:00 PM   #54 
 

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