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  1. #91

    Re: The Rich Are Really Getting Richer

    Claiming that Goldman Sachs lost 2.2 billion is about the same as saying that paying 10,000 $ out of pocket for emergency medical bills is the same thing as your fully payed house losing 10,000 $ in market value due to price declines in the neighborhood.
    Last edited by suliso; 03-15-2012 at 02:58 PM.

  2. #92

    Re: The Rich Are Really Getting Richer

    Quote Originally Posted by ponchi101 View Post
    Most probably everybody has read this.
    Goldman Sachs has lost 2.2 Billion since this piece was written.
    Good.
    http://www.nytimes.com/2012/03/14/op...pagewanted=all
    I haven't read it yet but I'm glad to hear that the "muppets" are voting with their money. It's the only thing that will make Goldman pay attention.
    Oh heaven...I wake with good intentions but the day it always lasts too long... Emeli Sande

  3. #93
    Grand Slam Champion owendonovan's Avatar
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    Re: The Rich Are Really Getting Richer

    Quote Originally Posted by ponchi101 View Post
    Most probably everybody has read this.
    Goldman Sachs has lost 2.2 Billion since this piece was written.
    Good.
    http://www.nytimes.com/2012/03/14/op...pagewanted=all
    I hope they lose that every week and get denied a bail out. Pigs.
    Open wide.

  4. #94

    Re: The Rich Are Really Getting Richer

    Goldman Sachs is really priceless.
    More stuff (I know I am getting one track minded, but...)
    50 ways to leave your (non) lover: "I hope you understand me when I say it was torture having met you"

  5. #95

    Re: The Rich Are Really Getting Richer

    Quote Originally Posted by Ti-Amie View Post
    I haven't read it yet but I'm glad to hear that the "muppets" are voting with their money. It's the only thing that will make Goldman pay attention.


  6. #96

    Re: The Rich Are Really Getting Richer

    Quote Originally Posted by Edmond Dantès View Post

    I can't.
    Oh heaven...I wake with good intentions but the day it always lasts too long... Emeli Sande

  7. #97

    Re: The Rich Are Really Getting Richer

    After Roland Garros is over, do go to your bank, pull out all your money, and put it under your pillow:
    One of Wall Street’s Riskiest Bets Returns: Synthetic CDO’s

    Give it a couple of years before this whole mess blows the world economy up. Again.
    50 ways to leave your (non) lover: "I hope you understand me when I say it was torture having met you"

  8. #98

    Re: The Rich Are Really Getting Richer

    Quote Originally Posted by ponchi101 View Post
    After Roland Garros is over, do go to your bank, pull out all your money, and put it under your pillow:
    One of Wall Street’s Riskiest Bets Returns: Synthetic CDO’s

    Give it a couple of years before this whole mess blows the world economy up. Again.
    I don't even know where to start. And I think u r right about protecting any assets you have.
    Oh heaven...I wake with good intentions but the day it always lasts too long... Emeli Sande

  9. #99

    Re: The Rich Are Really Getting Richer

    Trouble can come for sure, but I'm still convinced that if you live in one of the developed countries and earn the median salary or more you are very well equipped to provide for yourself and family and save a major portion of your income for rainy days.
    The grass master

  10. #100

    Re: The Rich Are Really Getting Richer

    I don't know, Suliso. If another financial meltdown takes place, a lot of middle class people will pay for it. Again.
    And this time, the USA will not be able to bail out even those banks. Another trillion $$$ in toxic debt cleaning won't do.
    50 ways to leave your (non) lover: "I hope you understand me when I say it was torture having met you"

  11. #101

    Re: The Rich Are Really Getting Richer

    Quote Originally Posted by ponchi101 View Post
    I don't know, Suliso. If another financial meltdown takes place, a lot of middle class people will pay for it. Again.
    First of all you need to define middle class. I think the way it's sometimes defined in US is too inclusive. And second it is paramount that people are careful with the money they do have during the good times. No credit card debts, not buying the most expensive home you qualify for, paying cash for a car, saving and investing part of your income etc.
    Last edited by suliso; 06-09-2013 at 10:32 AM.
    The grass master

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