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Thread: Understanding Wall Street Situation...Great Analogy to share....

  1. #21
    Senior Member sammy888's Avatar
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    Default Re: Understanding Wall Street Situation...Great Analogy and other stuff to share....

    Quote Originally Posted by sORe-EyEz View Post
    not here on Wall St (thread)! this thread is clean.
    He come inside here to play "terminator" lah and use his "terminator" analogy too heheh so it is still not OT lah .....for a moderator heheheheheh *siam*

  2. #22
    Moderator ortega's Avatar
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    Default Re: Understanding Wall Street Situation...Great Analogy and other stuff to share....

    the affected member has been informed

    the rest of you are on a need to know basis
    btw it is official business and not OT, i would rather be sleeping than looking through all the threads (do you know just how many threads i need to look through?)
    electricity has gone up 21% you know

  3. #23

    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Just to clarify, the parable is based on a true story of a Polish family.

    But I cant help what you guys read into it.

    It is not what is said that is important but what is heard.

  4. #24

    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    There is only one word to describe Wall Street ---

    G R E E D
    : a selfish and excessive desire for more of something (as money) than is needed
    always the Light, .... always.

  5. #25

    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Quote Originally Posted by Canonised View Post
    G R E E D
    is C A P I T A L I S M.

    You prefer COMMUNISM?

  6. #26
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    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    This is what happens when people push the limits and try to find creative ways to hide their motives and those in charge do nothing about it. If the US Gov had looked at this sub-prime issue earlier and not be blinded by the bankers, maybe all of this could be avioded. I don't believe that all those PHDs in the US did not foresee that the sub-prime credit is a bubble waiting to be burst.
    I get paid more shooting part time ...... damn, I should find more time to shoot part time

  7. #27
    Senior Member sammy888's Avatar
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    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Quote Originally Posted by yqt View Post
    This is what happens when people push the limits and try to find creative ways to hide their motives and those in charge do nothing about it. If the US Gov had looked at this sub-prime issue earlier and not be blinded by the bankers, maybe all of this could be avioded. I don't believe that all those PHDs in the US did not foresee that the sub-prime credit is a bubble waiting to be burst.

    It was not regulated...everyone was too busy with the war on terrorism. Thank you Bush. Way ta go.

  8. #28
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    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Quote Originally Posted by sammy888 View Post
    It was not regulated...everyone was too busy with the war on terrorism. Thank you Bush. Way ta go.
    Not regulated or not "encouraged" to regulate?
    I get paid more shooting part time ...... damn, I should find more time to shoot part time

  9. #29
    Senior Member sammy888's Avatar
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    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Quote Originally Posted by yqt View Post
    Not regulated or not "encouraged" to regulate?
    In their eyes..it means the same thing hehe...

  10. #30
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    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Not Regulated:
    Could be an over sight of because of present laws which they felt was sufficient

    Not Encourage to Regulate:
    Everytime someone wants to look into it, something happens.
    If it's the top guy who wants to look at it, suddently there's this official trip which is located just next to a world class golf course which he needs to attend or, if it's a low level guy, he got posted out.

    Different you know?
    I get paid more shooting part time ...... damn, I should find more time to shoot part time

  11. #31
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    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    uncle SAM spell reverse is....!!

    anyway i think our bochap attitude has spread far & wide. when u have friends who are close for a length of time u become like them.

  12. #32

    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Last edited by dreaming; 9th October 2008 at 08:01 PM.

  13. #33
    Senior Member sammy888's Avatar
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    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Quote Originally Posted by dreaming View Post
    hahahahah

  14. #34

    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    Same as 1929. Loan money to buy share. When the index fell.... no monies to pay back.

    Now loan money to buy properties, when properities price goes down.... banks or fin companies panic, not enough money to serve the loan.

    The winners.. those who earn commission from the loan.

  15. #35

    Default Re: Understanding Wall Street Situation...Great Analogy to share....

    think sammy888 1st post is very relevant. broker / investor / financial adviser basically lack social responsibility

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