irishpaul said:
I have come to this thread for the last 3 days and I might become a retard when I'm done.
Holy shit. Hyperinflation? Single dumbest most misinformed thing about this crisis.
Lehman Bros x 100. Shut the **** up. You don't have a fuckin clue. I worked at Bear Stearns when it collapsed.
Somewhere on this thread tried to make his argument comparing the government approach to Zimbabwe.
This is the internet on steroids. I can't even. I laugh my ass off.
Keep going though. Its massively entertaining in its idiocy.
Hyperinflation? Christ. I can't even.
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I'll be up front.. you probably are a retard if you really think this way.
You worked at Bear Stearns/Lehman Bros/(insert bankrupted Wall St firm).. congrats. So you experienced this first hand. I'm sorry to hear that your short-sighted and greedy executive management at Bear Stearns thought it was a good idea to gamble on subprime-real estate at its peak only to be exposed to worthless-mortgage backed assets. In laymen's terms, your company basically had a billion dollars on hand and some casino gave them a marker worth $35 billion to play with.. and guess what.. bets went south, and bye-bye Bear.
Misinformed? Hyperinflation? What.. you so much in love in Wall Street that history can't repeat? Have you ever seen a country print their way to prosperity? Are you one of those Fed apologists who really believe inflation is at 1% or less a year?
If you're going to rip on my opinions, at least say something to back your point other than you're gonna end up a retard (which you probably might be given you think that the possibility of hyperinflation in the US is not possible, esp. with the US government injecting over 20% of the US GDP as "stimulus" in one year). I have zero doubt you worked at Bear, but the way you post you I find it hard to believe you were Senior Management at Bear; then again your company got acquired by Chase for a fraction of what it was worth.. so maybe you were.