_w_ Posted October 5, 2011 Share Posted October 5, 2011 I shouldn't have taken the red pill. I now realise, I don't like the real world. It's just pathetic. Somebody take me back to X Factor! http://www.bloomberg.com/news/2011-10-05/geithner-says-wall-street-firms-have-been-very-wounded-.html U.S. Treasury Secretary Timothy F. Geithner said today that Wall Street firms have been “very wounded” and that he doesn’t understand why they are so sensitive. “They resent the huge amount of public anger they’ve been subjected to because they caused the crisis,” Geithner said at the Washington Ideas Forum at the Newseum. “They react to what is pretty modest common-sense observations about the system as if they’re deep affronts to the dignity of their profession.” “I don’t understand why they are so sensitive but they’re very wounded and they’ve seen a huge amount of damage to people’s confidence and their capacity to not just manage risk and to meet the needs of their customers but in a broader public consciousness,” Geithner said. He did not cite any Wall street firms or banks by name. To contact the reporter on this story: Cheyenne Hopkins in Washington at chopkins19@bloomberg.net Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted October 5, 2011 Share Posted October 5, 2011 I shouldn't have taken the red pill. I now realise, I don't like the real world. It's just pathetic. Somebody take me back to X Factor! http://www.bloomberg.com/news/2011-10-05/geithner-says-wall-street-firms-have-been-very-wounded-.html Pah! They're lucky gibbets don't line Wall St. Quote Link to comment Share on other sites More sharing options...
Milton Posted October 6, 2011 Share Posted October 6, 2011 (edited) Wall Street Banks, and the Fed have gradually destroyed the notion of democracy, the USA and the dominance of the Western World. Collectively, from the time of Andrew Jackson, to Woodrow Wilson, through to the present, the Fed, and Wall Street Banks are the worst traitors ever to have existed. A greater enemy to the USA than the former USSR Edited October 6, 2011 by Milton Quote Link to comment Share on other sites More sharing options...
yellerkat Posted October 6, 2011 Share Posted October 6, 2011 Pah! They're lucky gibbets don't line Wall St. YET. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 6, 2011 Share Posted October 6, 2011 There wounded because they fear retribution. For decades they've treated the masses like cash cows and now reality is catching up on them. If you think you are better than everyone else don't be surprised no one comes to your aid when you've dug your own grave. Many of the people at the top of these banks have utter contempt for the people, it seems they can't deal with the proles having contempt for them. Quote Link to comment Share on other sites More sharing options...
nmarks Posted October 6, 2011 Share Posted October 6, 2011 Taxi Blue Pill for Mr _w_. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 6, 2011 Share Posted October 6, 2011 I shouldn't have taken the red pill. I now realise, I don't like the real world. It's just pathetic. Somebody take me back to X Factor! http://www.bloomberg...y-wounded-.html I think the 14 triliion in support and still taking massive bonuses, golden parachutes and all that might just offend once sense of decency. And still they bought Grrek, Irish, Italian Spanish and Portuguese debt and complain about falling dominoes. I think Watchdog ought to do a program on them....rogue traders special Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 6, 2011 Author Share Posted October 6, 2011 YET. The thing is we're dealing with toddlers. You don't hang them, you give them a good spanking and tell them to behave. Calling TMT? Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 6, 2011 Author Share Posted October 6, 2011 Taxi Blue Pill for Mr _w_. It's too late though isn't it? Quote Link to comment Share on other sites More sharing options...
nmarks Posted October 6, 2011 Share Posted October 6, 2011 It's too late though isn't it? OK, a blue pill with a flux capacitor? I'm not selling this too well, am I? Quote Link to comment Share on other sites More sharing options...
Dorkins Posted October 6, 2011 Share Posted October 6, 2011 It's too late though isn't it? I think the solution is a subtle one. Not caring about the global financial situation is foolish, but so is making it one's primary concern. We need to be like a farmer who puts 95% of his energies into his daily tasks and 5% into keeping an eye on the horizon. I don't think it's an easy balance to strike, but it's something to aim for. Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 6, 2011 Author Share Posted October 6, 2011 OK, a blue pill with a flux capacitor? I'm not selling this too well, am I? When I get back I don't want to remember anything. And I'd like to be somebody important, like an X Factor contestant or somethin'. Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 6, 2011 Author Share Posted October 6, 2011 I think the solution is a subtle one. Not caring about the global financial situation is foolish, but so is making it one's primary concern. We need to be like a farmer who puts 95% of his energies into his daily tasks and 5% into keeping an eye on the horizon. I don't think it's an easy balance to strike, but it's something to aim for. In my case I'm a bit like aa3. I'd like to invest my energies in a real business. But I don't have the visibility nor a sufficient understanding of events to feel comfortable about making a long term commitment. Say you're a youngster and you spend 3-4 years of your life learning about IT. Only to find out when you are ready to enter the job market that the EU/UK government has opened our borders to 30,000 Indian IT graduates a year and given tax subsidies to companies that employ them. You're screwed! Everything is like that now IMO. You can't invest in a retail business when the middle class is being squeezed to oblivion by the government's inflationary policies. Should you invest in any manufacturing or most services venture knowing that competition will be able to massively undercut you by producing offshore as encouraged by TPTB? I think you have to know about macro economic and political issues before you even start doing business. It's too dangerous otherwise IMO. Quote Link to comment Share on other sites More sharing options...
steaky Posted October 6, 2011 Share Posted October 6, 2011 In my case I'm a bit like aa3. I'd like to invest my energies in a real business. But I don't have the visibility nor a sufficient understanding of events to feel comfortable about making a long term commitment. Say you're a youngster and you spend 3-4 years of your life learning about IT. Only to find out when you are ready to enter the job market that the EU/UK government has opened our borders to 30,000 Indian IT graduates a year and given tax subsidies to companies that employ them. You're screwed! Everything is like that now IMO. You can't invest in a retail business when the middle class is being squeezed to oblivion by the government's inflationary policies. Should you invest in any manufacturing or most services venture knowing that competition will be able to massively undercut you by producing offshore as encouraged by TPTB? I think you have to know about macro economic and political issues before you even start doing business. It's too dangerous otherwise IMO. That's why I started an an adult website. 30,000 Indians may be good at IT but they know jack about p*rn. Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 6, 2011 Author Share Posted October 6, 2011 That's why I started an an adult website. 30,000 Indians may be good at IT but they know jack about p*rn. I suggest you do more market research. Have you heard of the Kama Sutra? Quote Link to comment Share on other sites More sharing options...
steaky Posted October 6, 2011 Share Posted October 6, 2011 I suggest you do more market research. Have you heard of the Kama Sutra? Of course, sits on my coffee table right next to "The Story of O" India is actually in 4th place on my google analytics map overlay so they're still definitely a randy bunch. Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 6, 2011 Author Share Posted October 6, 2011 Of course, sits on my coffee table right next to "The Story of O" India is actually in 4th place on my google analytics map overlay so they're still definitely a randy bunch. Incredible, are you serious? How do you make money from a porn site? Quote Link to comment Share on other sites More sharing options...
steaky Posted October 6, 2011 Share Posted October 6, 2011 I prefer "adult comedy" for my brand rather than "p*rn" Being brought up on a diet of Benny Hill and Hammer House of Horror had a deeply profound effect on me. There will always be a small percentage of people that pay for content (better quality, more niche, want to see more of a particular girl). These people tap in their credit card details to obtain a subscription and this money is transferred to me. Simples! Quote Link to comment Share on other sites More sharing options...
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