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Super Rich, The Greed Game

As the credit crunch bites and a global economic crisis threatens, Robert Peston reveals how the super-rich have made their fortunes, and the rest of us are picking up the bill

posted by delt_osvp
3/6/2009 9:31:00 AM

Views: 2374

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5 Comments

Current View: 15 / Show all Comments

Sir spanks-a-lot : LVL 39: VP 4.7: said:

Hidden (Show Comment) 2 votes

249 days ago...

fuckers....

there WILL be a revolution.

just wait for it, and be ready.

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velocity73R : LVL 39: VP 4.7: said:

Hidden (Show Comment) 1 votes

248 days 23 hours ago...

Awesome Documentary..The only thing I disagree w/ is that these banks are too big to fail, and need this bailout money. They will fail with or without this money, the only difference is these bailouts are only going to pro-long the agony, and make a severe Recession turn into a Depression. If it was up to me, I would let the bank`s fail, foreclose and kick out all those that cannot pay in their houses, and let those that were responsible pick up their houses for pennies on the dollar[and make the previous owner`s renters, which they should have been anyways`], and then throw all these banker`s and gov`t scum that got us in this mess off a fuckin` cliff, and start over.

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sato : LVL 27: VP 3.6: said:

Hidden (Show Comment) 0 votes

248 days 17 hours ago...

i dunno i think it`s more the poorer people`s fault... there wouldn`t be any mortgages if ppl wouldn`t spend money they didn`t have. when someone buys a house or car they don`t have enough money for, they have to get a loan, and pay interest. who gets that interest? the people who lent it, the rich! if ppl less well off would just be patient, their money would grow, and the rich ppl would have less places to invest, so their`s wouldn`t so much.

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velocity73R : LVL 39: VP 4.7: said:

Hidden (Show Comment) 0 votes

248 days 14 hours ago...

^^^No sato, people are usually poor because of there economic situation where they live[no place to work], or most likely they are idiot`s that like to have 10 kid`s without a father. It is up to these banks to say no to these people, to protect the, `RESPONSIBLE` people`s money. But they didn`t, and greed took over, and they made loans that they knew where, `BAD` to idiot`s that either unknowingly, or ignorantly signed. This is why you have a CEO of a company[supposed to be very smart], to protect investor`s money, but they did not...Einstein said, "The only difference between Genious and Stupidity, is that the former has a limit." Hence, stupidity know`s NO bounds...

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sato : LVL 27: VP 3.6: said:

Hidden (Show Comment) -1 votes

247 days 20 hours ago...

np? so u think a loan is not a burden on personal finances? it`s better to pay interest on a loan than it is to hang onto your money and get paid interest? that doesn`t make sense. you`ve mentioned one side of the coin sure, ur income affects your economic situation, but so does what u do with that money, if u live within your means or not, as u mentioned with the 10 kids bit. compare these 3 situations - a person making $1,000 a week but paying $600 rent, a person making $400 a week but living in free company housing, and a person with no job but $200,000 invested, paying back at 10% per annum. completely different job conditions but the 3 end up with the same money in their pockets each week.

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