Why The Hartford Took a Hit on Wall Street
National News • October 6, 2008
The Hartford Financial Services Group Inc. lost nearly $9 billion of market value last week as investors fled the financial sector during the worst crisis in decades.
"We've got contagion right ...
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Subject: RE: BAR STOOL ECONOMICS
Posted On: October 13, 2008, 1:25 pm CDT
Posted By: Pud
Comment:
Yes but the theory behind your logic does not take into consideration that maybe the poorest do not want hand outs!Maybe they work just as hard and feel they deserve more than a handout!
You story was very entertaining. You are likely one of the wealthy to have enough time to think through an analogy of that calibur,beer drinking?
When it comes to this country although I am not for corporate bonuses being so huge! That's what got us into this mess,GREED!It's the same play out as the great depression when more government was created to regulate and oversee these wealthy individuals within the stock market and what happened it crashed even worse.
Nobody likes the government to tell them what to do with their money, and I am talking the private sector here!
Insurance is not private sector.
We do however need to be sure that people like Senator Barney Frank do not get away with hiding scandals like we are seeing unfold right in front of our faces right now.
The Democrats are the reason for this entire mess because they voted to allow more lending to borrowers below prime rates which is high risk to say the least.
Now all the investment firms that bought that debt are turning to the tax payer to bail them out after they've taken their share of money.Is that right? Absolutely not! If the Dem's had listened to the Rep's this problem would never have occured.
If McCain is not elected into office and Obama is get ready for a depression that could take 20 years to get out of(never mind your bar stool economics.)
Subject: RE: BAR STOOL ECONOMICS
You story was very entertaining. You are likely one of the wealthy to have enough time to think through an analogy of that calibur,beer drinking?
When it comes to this country although I am not for corporate bonuses being so huge! That's what got us into this mess,GREED!It's the same play out as the great depression when more government was created to regulate and oversee these wealthy individuals within the stock market and what happened it crashed even worse.
Nobody likes the government to tell them what to do with their money, and I am talking the private sector here!
Insurance is not private sector.
We do however need to be sure that people like Senator Barney Frank do not get away with hiding scandals like we are seeing unfold right in front of our faces right now.
The Democrats are the reason for this entire mess because they voted to allow more lending to borrowers below prime rates which is high risk to say the least.
Now all the investment firms that bought that debt are turning to the tax payer to bail them out after they've taken their share of money.Is that right? Absolutely not! If the Dem's had listened to the Rep's this problem would never have occured.
If McCain is not elected into office and Obama is get ready for a depression that could take 20 years to get out of(never mind your bar stool economics.)