Maybe 2012 will be the year the world finally figures out who owns all the bad debt, so we can finally finish folding up those guys and move on.

steveGswine: Maybe 2012 will be the year the world finally figures out who owns all the bad debt, so we can finally finish folding up those guys and move on.

Money IS debt.

steveGswine: Maybe 2012 will be the year the world finally figures out who owns all the bad debt, so we can finally finish folding up those guys and move on.

The whole problem is caused by the idea that debt has to be payed off and we can't have a jubilee.
The IMF is nothing more than a global arm/leg breaker to collect debts for private individuals.
They farking suggested policies like starving third world children and denying public healthcare, etc. etc. because unelected dictators took out loans (most of the money going to their Swiss bank accounts). Or these countries pay back many times what they owe but compound interest just happens to not work their way. And the bullshiat (especially recently concerning Greece and Italy) where the IMF is allowed to force economic policy on nations where their citizens would never agree to such policies.

" If history shows anything, it
is that there's no better way to justify relations founded on violence,
to make such relations seem moral, than by reframing them in the
language of debt-above all, because it immediately makes it seem that
it's the victim who's doing something wrong. Mafiosi understand this .
So do the commanders of conquering armies. For thousands of years,
violent men have been able to tell their victims that those victims owe
them something. If nothing else, they "owe them their lives" (a telling
phrase) because they haven't been killed."

steveGswine: Maybe 2012 will be the year the world finally figures out who owns all the bad debt, so we can finally finish folding up those guys and move on.

If the objective really was to "fold them up", it wouldn't matter who owned it. You'd just let the bad debt itself take them down. Trouble is, that might take out some folks you don't want taken out, for example insurance companies who are paying out on retirement or disability annuities.

I don't understand - lots of money can be gained and lossed, regardless of what direction the S&P goes.

Let's turn this case over to MathNet

This drives me crazy.

Wall St. isn't back to square one, investors as a whole are back to square one. Wall Streeters mostly made out like bandits as usual...
- taking a slice off of each transaction.
- taking a percentage of "funds under management"
- making trades on information that joe public doesn't have.
- basically manipulating a rigged system that favors the rich and well connected insiders.

So odds are, if you are joe blow individual investor you lost money. I suspect Goldman bonuses are still going to be pretty phenomenal.

Nefarious: I was told there would be no math

Sooner or later you're going to have to do some math, you can count on it (new window)

Looking over the comments there's always one blaming our president for wrecking the economy. In a wierd and counterproductive way, Barack has been bolstered as the mastermind of American financial failure. Really?

The stop-gap measures (bailouts, etc.) the government took, weren't to score brownie points with a voting public. It was to help make sure society could function as normal, ......as you wanted it before. Prior to Barack, we (collective American ethos) lived beyond our means, because consumerism has become sewn into our ideology. Now it's catching up to us. A neutral year of non-growth in the market, is the unfortunate consequence of not being satisfied with what we were really worth.

Or you could blame it on our president because it ALL happened on his watch. Afterall. things were sunshine and rainbows before he got here. Right?

Subby is old. Like that tornado guy.

things I remember about Square One:
-Mathman
-9 9 9. that crazy number 9..
-Less than zero..
-Convex.. CONCAVE!
-that's combinatorics! (it's a faster way to count)
-Mathnet.. particularly three cases
-one involving the Fibonacci Sequence.. and a parrot (one one two three.. FIVE! Eureka!)
-one that featured a young Yeardly Smith
-one that for whatever reason involved the angle of celery juice in a bottle

/to cogitate and solve

You missed the Pattern song.

the only way for the economy to recover is to empty out your bank accounts and give all your money to wall street then intern at their companies for free for 2 years and maybe move to mail clerk eventually for minimum wage, which should be dropped to $2.50

Paging Dirk Niblick...

Boo, subby stole my headline. Oh well, total fark has it's privileges.

/at least I referenced mathman

CSS:
I LOVED Square One when I was a kid. Shortly after I got out of college I did a show with Cynthia (the redhead -- I remember her most from the "Neighborhood Superspy" song). I did not feel it was in either of our best interests for me to bring up the fact that I used to sit in front of the TV every afternoon with my chocolate milk and watch her, so I stifled my 10-year-old self's excitement for the couple months I worked with her.

I have worked with many more famous actors, but no others that I was really personally excited about due to something they were involved with that I loved in the past. Which is kinda disappointing, really, that that's it. I should probably have been more excited about Avery Brooks, but I just couldn't get into DS9.

The Bestest: -Convex.. CONCAVE!

I still hear that voice in my head every time my brain has to decode what one of those words means.

New Age Redneck: [travis.webseitler.com image 302x437]

/to cogitate and solve

OMG Beverly Leech was SMOKIN' HOT!

Puburty hit me while watching this show.

Stepfanie Kramer also...DAMN!!!

Had a boy crush on Martika from K.I.D.S. Incorporated.