tag:blogger.com,1999:blog-11368628.post4870152558038384949..comments2024-03-29T00:24:13.128-04:00Comments on Daniel Greenfield / Sultan Knish Articles at DanielGreenfield.org : Burn Wall Street, BurnDaniel Greenfieldhttp://www.blogger.com/profile/13575285186581875356noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-11368628.post-82217130860366429552008-10-20T21:00:00.000-04:002008-10-20T21:00:00.000-04:00Love this thought-Socialism is insurance against f...Love this thought-Socialism is insurance against failure..at teh cost of freedom and income.<BR/>Money does not equal opportunity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11368628.post-15535691685468126652008-10-20T16:29:00.000-04:002008-10-20T16:29:00.000-04:00When someone invests in their own business, they m...When someone invests in their own business, they may make it or lose it all. When someone puts money into someone elses business, they may make it or lose it all. Wall Street is a global way of risk taking. It can be abused and it can be the only way for some businesses to raise needed funds.<BR/><BR/>There is a lot to be angry, especially when things go bad (did anyone complain about greedy brokers when the market made new highs?). However, no one has offered a better alternative.<BR/><BR/>Give us a practical alternative.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11368628.post-8209618479969052122008-10-20T00:20:00.000-04:002008-10-20T00:20:00.000-04:00Wall Street is bad. End of story.It is an immoral ...Wall Street is bad. End of story.<BR/>It is an immoral way to make money.<BR/>Those who love money, however, like Wall Street because the love of money comes before anything else. They will tolerate evil if it puts a buck in their pocket.<BR/>You have pimps and madams, drug dealers and loan sharks for the same reason.<BR/><BR/>No one who has good values should be ambivalent about Wall Street. It is wrong on all levels.<BR/><BR/>It is wrong and sinful to gamble on your nations economy.Chana @ Lemon Lime Moonhttps://www.blogger.com/profile/11656854855385193867noreply@blogger.comtag:blogger.com,1999:blog-11368628.post-61248057702097817552008-10-20T00:16:00.000-04:002008-10-20T00:16:00.000-04:00that's the pointwall street doesn't reward thrift ...that's the point<BR/><BR/>wall street doesn't reward thrift or wise planning or good business practices, it rewards risk taking and image over substanceDaniel Greenfieldhttps://www.blogger.com/profile/13575285186581875356noreply@blogger.comtag:blogger.com,1999:blog-11368628.post-79164644494813223782008-10-20T00:02:00.000-04:002008-10-20T00:02:00.000-04:00There is a saying that one should not throw the ba...There is a saying that one should not throw the baby out with the bath water. Before suggesting that Wall Street should die, a business concept that has served us well, one needs to investigate the alternatives. A vacuum is worse. The alternative to capitalism is socialism. Is that what we want? We would be no better then many socialistic countries.<BR/><BR/>Capitalism carries many risks and sometimes things go bump in the night, but the overall benefits outweigh the "corrections."<BR/><BR/>As the market establishes a bottom one can make a lot of money as the market rises. Now may be a great time to start putting small sums back into the market. How often can one buy GE at these prices?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11368628.post-92229691945310422872008-10-19T23:33:00.000-04:002008-10-19T23:33:00.000-04:00I have mixed feelings on Wall Street but to hand o...I have mixed feelings on Wall Street but to hand over millions or billions to CEOs and CFOs for either gross incompetence or gross corruption is just plain wrong.<BR/><BR/>I don't know...this whole investing thing seems like a big gamble to me. I'll invest money and cross my fingers and hope I'll make a profit out of it. Too risky in my book.<BR/><BR/>Government getting involved in private business affairs? Not good. Government health care? not good either.Keli Atahttps://www.blogger.com/profile/05089132216830000713noreply@blogger.comtag:blogger.com,1999:blog-11368628.post-59921971796373831142008-10-19T21:54:00.000-04:002008-10-19T21:54:00.000-04:00Wall Street should be allowed to die quietly in th...Wall Street should be allowed to die quietly in the back alley.Chana @ Lemon Lime Moonhttps://www.blogger.com/profile/11656854855385193867noreply@blogger.comtag:blogger.com,1999:blog-11368628.post-71405996543524583982008-10-19T21:48:00.000-04:002008-10-19T21:48:00.000-04:00I have mixed feelings about this article.On one ha...I have mixed feelings about this article.<BR/><BR/>On one hand every bubble is created and eventually pops thanks to greed. Yet, the system has also energized tremendous growth. The market was started as a way to gage future needs and temper the cost of doing business. It is also one source of finance for growth. So, it is not inherently evil nor is it absolutely good. The question is, would we better with a different system or is this the best that can be found? In spite of all its problems I really think it has served us well.<BR/><BR/>There is a story about how Joe Kennedy kept his wealth in 1929. Supposedly he heard his maids speaking about how they would make a fortune by leveraging in the market. He said to himself that if these simple folks are jumping in then it is time for him to get out.<BR/><BR/>Similar thoughts have been expressed by others.<BR/><BR/>So it is not the market but the fools that fund it, who are to blame.<BR/><BR/>Another point that needs to be made is that much of the subprime market was created by the Democrats. True, the Republicans did not stop it. But, then nobody wants to get saddled with the anger that the poor will have against those that demand good business policies. Yet, when it comes to blame, the money made/greed was set in motion by those who initiated the scheme.Anonymousnoreply@blogger.com