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Old 02-23-2009, 08:01 AM   #1 (permalink)
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Econo-Terrorists

My wife and I were sitting in front of the fire enjoying our morning coffee when the topic of the crippled economy came up and the effect it is having on our family, friends and neighbors. We discussed how the so called credit crisis has done more harm to western economies than all the religious terrorists put together.

Perhaps Homeland Security should get involved in helping to prevent this assault on our way of life. Wall Street and Washington operate like a revolving door and we know the corrupt government regulators, CEOs, bankers etc.. who are responsible for this mess. So why not hold them accountable like any other terrorist?

Quote:
Guantanamo Could House Econo-Terrorists

Having read an article about a British ex-serviceman who committed suicide after losing his life savings in the Bernard Madoff scam, I have come up with an idea for Guantanamo.

Instead of letting it sit idle after the terrorists have been removed, let’s refill it with American econo-terrorists. Madoff would have lots of company if we sent all of the CEOs, bankers, hedge-fund managers and Bushies that deserve to be incarcerated for the economic terrorism they have wrought upon our country and the world.

I dare say there would be no worldwide protest over it either
Guantanamo could house econo-terrorists | www.tennessean.com | The Tennessean
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Chaos in Perspective
It’s not the actual destruction that makes us fear terrorists, it’s the chaos they introduce into the system. So imagine what the rest of the world thinks of the “First-World Terrorist,” who, driven by a radical faith in greed, lays waste to financial markets and threatens prosperity everywhere. Too bad Bush and his cronies didn’t launch a preemptive strike against those bastards.


Chaos in perspective
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Old 02-23-2009, 08:14 AM   #2 (permalink)
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Bankers hate our freedoms?
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Old 02-23-2009, 08:21 AM   #3 (permalink)
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I'm not seeing a link to them being terrorists. They were crooks I don't disagree with that, but terrorists? Each time you go to the bank to cash your paycheck what does that make you in dealing with them? Each time you get a loan?

Again, I can see the connection to crooks and highway robbery. I was at the Wynn Hotel last week and amazed at the full service ATM. You were able to withdraw money from your bank account, when that was capped, you could use your credit card with/without a PIN. The fees associated with it started at $4.99 base then a percentage of the money that was drawn. But that's Las Vegas....
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Old 02-23-2009, 08:46 AM   #4 (permalink)
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Quote:
Originally Posted by Cynthetiq View Post
I'm not seeing a link to them being terrorists. They were crooks I don't disagree with that, but terrorists? Each time you go to the bank to cash your paycheck what does that make you in dealing with them? Each time you get a loan?
I guess the idea is to expand the term terrorist to include those who would destroy our economy in the name of the money god (greed) as well as those who would destroy our economy in the name of some other religion. Those who worship the money god seem to be able to do far more damage than other religious fanatics. Recent events have shown they have an almost criminal disregard for our safety and well being.
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Old 02-23-2009, 09:45 AM   #5 (permalink)
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What's a terrorist? Is it just anyone that is active in hurting Western interests? Or is it people that resort to guerrilla tactics?

flstf, I do understand the urge to demonize those responsible for the current mess, and likening them to terrorists may very well be the way to achieve that, but we're already creating enough fear and anger. The solution to this situation, like any situation, is to promote calm pragmatism, to take a dispassionate and rational approach and deal with emotions when everything is said and done. It's not difficult to locate those responsible, and if we discover they have been breaking the law we should prosecute them. If we find they've broken no law, we create new and better laws to prevent this from happening again. If we cannot convince our leaders to create new laws, then we find new leaders, and if the system doesn't allow us to choose the leaders necessary, we create a new system.
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Old 02-23-2009, 10:16 AM   #6 (permalink)
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We are far more terrorized by our government regulators and their minions on Wall Street than all the other terrorist groups in the world. Those who would destroy our way of life because of selfish greed are even worse when you consider that many of those responsible are rewarded with more wealth in spite of their actions.

My wife and I asked ourselves the same question: What terrorizes you most, our own greedy Washington/Wall Street groups or the other religious fanatic groups in the world? To protect our homeland security which group should we focus on more?
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Old 02-23-2009, 10:34 AM   #7 (permalink)
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The economic situation was of our own making. It's something we (nationally speaking) can control, it was our mistake and it'll be corrected. Terrorism is an external threat, a situation not of our making or control. It represents forces hostile to the existence of others; those with "clenched fists" as Obama says.
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Old 02-23-2009, 11:08 AM   #8 (permalink)
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Terrorists that represent forces hostile to the existence of others are certainly frightening. Our own greedy groups who represent forces hostile to our economic viability scare me even more due to the ease in which they carry out their mission which is acquisition of wealth at everyone elses expense, even if it kills world economies.

Also I'm not sure how much control we have or if their/our mistake can be corrected without the world going into another major depression and even more nationalization of most western economies. I don't relish the idea of the same people who got us into this mess cleaning it up. I suspect they will profit handsomely one way or another. I probably shouldn't type when I'm angry.

Last edited by flstf; 02-23-2009 at 02:26 PM.. Reason: spelling
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Old 02-23-2009, 02:12 PM   #9 (permalink)
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Quote:
Originally Posted by powerclown View Post
The economic situation was of our own making. It's something we (nationally speaking) can control, it was our mistake and it'll be corrected. Terrorism is an external threat, a situation not of our making or control. It represents forces hostile to the existence of others; those with "clenched fists" as Obama says.
This suggests that the Western powers have had no hand in the making of Islamic terrorists. I would suggest that, while it is not 100% responsible, the West must shoulder some of the blame for those "clenched fists".
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Old 02-23-2009, 02:53 PM   #10 (permalink)
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Quote:
Originally Posted by Charlatan View Post
This suggests that the Western powers have had no hand in the making of Islamic terrorists. I would suggest that, while it is not 100% responsible, the West must shoulder some of the blame for those "clenched fists".
Are we going as far back to Crusades, to the Reconquest, or just 20-30 years of American administration?
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Old 02-24-2009, 12:33 AM   #11 (permalink)
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Who would be the terrorists? The people who started the rumors about Bear Stearns and started the bank collapse? The hedge funds (or secret society on Wall St.) that control the stock market/housing market/commodities market? Computer programmers who setup automatic trading, so when a stock fell 5% in a day, it started a cascade of selling, nobody was buying a free-falling stock, but more and more price triggers automatically came into play.

We haven't seen econo-terrorists yet, even though the FBI should have been paying attention to them instead of the nice eco-terrorists that haven't done anything in the past few years. If China declared economic war on us by hording cheap oil, stop importing any US goods (except for ones it can't make), and call us to pay back the debt.
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Old 02-25-2009, 08:43 AM   #12 (permalink)
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Originally Posted by ASU2003 View Post
Who would be the terrorists? The people who started the rumors about Bear Stearns and started the bank collapse? The hedge funds (or secret society on Wall St.) that control the stock market/housing market/commodities market? Computer programmers who setup automatic trading, so when a stock fell 5% in a day, it started a cascade of selling, nobody was buying a free-falling stock, but more and more price triggers automatically came into play.
I don't think we have to go down that low on the totem pole. A good start would be the Wall Street executives who moved between the Treasury Department and banks. Those who not only profited from and were instrumental in creating toxic dept but also influenced their non-regulation. Paulson comes to mind but there are probably others.
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Old 03-18-2009, 02:56 PM   #13 (permalink)
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I wonder if congress will really investigate some of their own? Perhaps they should look into polititians who took money from financial institutions and then voted to deregulate them.
Quote:
WASHINGTON (AFP) - Two US Senators called Wednesday for the creation of a special task force to investigate and prosecute any crimes involved in the events leading to the global financial crisis.

In a letter to US Attorney General Eric Holder, Democratic Senators Byron Dorgan and Maria Cantwell noted that a similar task force was created during the fraud scandal that brought down US energy giant Enron.

"There needs to be a comprehensive investigation bringing organization and focus to this sprawling and complex crisis. That is why a task force is essential and, frankly, long overdue," they wrote.

The task force would be "dedicated solely to investigating and prosecuting those responsible for creating, causing or contributing to the financial crisis that is devastating our entire economy," the lawmakers said.

The appeal came as the US Congress fumed over big bonuses at the bailed-out insurer American International Group (AIG) amid a paralyzing recession that has cost millions of US jobs and a wave of home foreclosures.

"While this financial wreckage can be attributed in part to bad decisions and incompetence, it is also clear that some of the conduct and activities were simply illegal. It must all be thoroughly investigated and, where appropriate, prosecuted," Dorgan and Cantwell wrote.

US Senators seek financial crime task force - Yahoo! Canada News
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