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Originally posted by siren8
reply to post by Illusionsaregrander
But appreciate on a house is not a real monetary gain unless its realized. And when it depreciates, and the loss is "realized" like someone else explained to you, that money IS gone. The money from the housing bubble was flowing all through our economy before the bubble burst. People who bet against the housing bubble, (in various ways in the bond market) took private possession of very large sums of money when the bubble burst. Individual people gained billions and billions of dollars from the economic collapse. And banks and corporations have continued to make billions and billions of dollars in the aftermath. Its just that when too much money gets into too few hands, economies grind to a halt. Because the trickle down theory of economics is a big fat lie. All economies trickle up. Not down. And right now, too much wealth is being horded by too few people.
The housing buble was intentionally created. And no the money is not gone. The bank doesn't have it, but whoever they lent it to, they are spending it. On something. They gave the check to the people they bought the house from, and that keeps it circulating. The money is stil where it can be spent. Someone has the money, its just not the bank that lent it. I'm talking about money that has left the system. Is no longer circulating.
Originally posted by Rockpuck
reply to post by lastidealist
Uhm sorry to disagree
It is all balance and someone's loss is someone's gain and regardless of how you manipulate the numbers or words or any fancy equation for the billions or trillions lost there were billions or trillions made from those that lost.
It is a game that has been played since the beginning and the recession was man made and it is your choice and free will to believe what they are telling and believe ALL these Wall Streeters and investors had billions in losses and did not make billions off the losses and were that stupid.
My one question is that if you or I did our job like this so poorly and cost our company billions, would you or I be bailed out and still keep your job? and ironically even depended upon to get everyone out of the mess they put everyone in the first place?
Would you keep these people on your payroll if they cost your company to go bankrupt? and give them more money and a bonus?
Why do they all have their jobs and bonuses if the money did disappear and was lost and they did lose billions and how do i get a job like that other than being a part of the game.
Are you aware of all the big players connections to each other or just coincidence?
I choose to be awake regardless of the pain and nightmares and i do not begrudge those that can not handle the truth and for those that believe ALL these people just simply made bad investments or just plain stupid and whaola a major crisis and still not held accountable and absurdly and ironically still entrusted with billions more then so be it and your faith in these people and the Regime i'm sure will fix the problem because they care about you and your family and lost a lot of sleep while spending their bonuses on vacation feeling guilty their incompetency and will not make the same mistakes again and will their their best so
Erm this doesn't happen again
Erm.. money does "vanish" .. when stock prices drop it's not a physical loss of money until it's sold for the current perceived value. When you look at your 401k and you see you own x amount of shares for y dollars that is not how much you actually have. It's how much you potentially have. If the prices drop and the shares are sold for less than the perceived highs then you see a "drop" the difference of the two prices, your perceived high value and the actual sold value is "lost".
There are numerous ways to "loose" money.
Some people lost money because corporations declared bankruptcy. If you owned stock in Black Rock, or Lehman, or one of the numerous banks that fell .. the price of your perceived high vs the settled value of the stock is "lost" value. Simply gone. No one has it.. it just vanishes into thin air. If we take Lehman for example you take the value of the stock, subtract the value of liability, minus the cost of debt restructuring, plus the offered price you end up with a very high negative value. So the liquidation of assets from furniture and office plants to assets like mortgages is calculated into the offer price .. Lehman if I'm not mistaken was given $3 a share.
I also stated fact as the crisis is man made
Why didn't you answer my questions about keeping these people on your payroll?