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6 Bumps

Is Misery A growth opportunity?

Instead of planning to make money on an expanding economy JPMorgan is jockeying to become the world's biggest poverty pimp.

Let's see...

We can't count on the banks to lend for legitimate business purposes or operate with any sense of responsibility. Heck, we can't even count on them to operate within the law. And why should they? There are no consequences when they don't.

So what do we do with them?

The bright idea of the day appears to be to put them in charge of making food stamp and other social welfare payments.

It makes a certain amount of perverse sense.

After all, they've helped make American unemployment and financial distress a growth industry. Why shouldn't they reap the benefits?

http://www.youtube.com/watch?v=932MGILzRgc

 
goodwitch399

Asked by goodwitch399 at 10:02 AM on Feb. 2, 2011 in Politics & Current Events

Level 26 (28,255 Credits)
This question is closed.
Answers (7)
  • Well, didn't Pelosi say PA and unemployment are GOOD for the economy!!!
    yourspecialkid

    Answer by yourspecialkid at 10:26 AM on Feb. 2, 2011

  • I've always said Money is a Mindset. Not a situation.
    jewjewbee

    Answer by jewjewbee at 10:19 AM on Feb. 2, 2011

  • Gotta love the minds of entrepreneurs!! (sarcasm)
    LoriKeet

    Answer by LoriKeet at 10:04 AM on Feb. 2, 2011

  • Sure- then the old saying "Rape and Pillage" would remain intact-
    soyousay

    Answer by soyousay at 10:20 AM on Feb. 2, 2011

  • Love it.
    Carpy

    Answer by Carpy at 1:55 PM on Feb. 2, 2011

  • Well, didn't Pelosi say PA and unemployment are GOOD for the economy!!!

    Well yeah but, I think that may be because her and her Hubby probably are big shareholders in JPMorgan/Case!! That is probably how they got the deal in the first place!
    goodwitch399

    Comment by goodwitch399 (original poster) at 10:33 AM on Feb. 2, 2011

  • We can't count on the banks to lend for legitimate business purposes or operate with any sense of responsibility. Heck, we can't even count on them to operate within the law. And why should they? There are no consequences when they don't.


    Aren't you the same people that hate regulation?  Regulation can be your friend.

    mommom2000

    Answer by mommom2000 at 11:21 AM on Feb. 2, 2011