http://alexlod.com/2008/09/19/the-financial-crisis-explained/ A blog by Alex Loddengaard Mon, 21 May 2012 10:15:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://alexlod.com/2008/09/19/the-financial-crisis-explained/comment-page-1/#comment-1802 Alex Loddengaard Sat, 04 Oct 2008 16:48:29 +0000 http://www.alexloddengaard.com/?p=701#comment-1802 Thanks for the comment, Ryan! Thanks for the comment, Ryan!

]]> http://alexlod.com/2008/09/19/the-financial-crisis-explained/comment-page-1/#comment-1799 Ryan Sat, 04 Oct 2008 10:38:30 +0000 http://www.alexloddengaard.com/?p=701#comment-1799 no offense no offense

]]> http://alexlod.com/2008/09/19/the-financial-crisis-explained/comment-page-1/#comment-1798 Ryan Sat, 04 Oct 2008 10:37:37 +0000 http://www.alexloddengaard.com/?p=701#comment-1798 No, it actually is greedy bankers fault. See their's playing the game, and theirs twisting the rules of the game. Another way to put it, for u ppl "that understands whats going on," is that there's blind self-interest on the one hand, and ethical behavior on the other. Bankers knew what they were doing could explode in their face and screw everyone else over. And yes, part of the problem was that they thought the government would bail them out, and in that sense the government is also to blame: for bad regulation that doesnt create the right incentives. Its the governments job to plan on worst case scenario, and thus make policies with the assumption that people are going to act greedy. However, that doesnt relieve those greedy bastards of fault. No, it actually is greedy bankers fault. See their’s playing the game, and theirs twisting the rules of the game. Another way to put it, for u ppl “that understands whats going on,” is that there’s blind self-interest on the one hand, and ethical behavior on the other. Bankers knew what they were doing could explode in their face and screw everyone else over. And yes, part of the problem was that they thought the government would bail them out, and in that sense the government is also to blame: for bad regulation that doesnt create the right incentives. Its the governments job to plan on worst case scenario, and thus make policies with the assumption that people are going to act greedy. However, that doesnt relieve those greedy bastards of fault.

]]> http://alexlod.com/2008/09/19/the-financial-crisis-explained/comment-page-1/#comment-1589 Alex Loddengaard Mon, 22 Sep 2008 04:19:51 +0000 http://www.alexloddengaard.com/?p=701#comment-1589 Apparently I don't know anything about finance, politics, and economics. Apparently I don’t know anything about finance, politics, and economics.

]]> http://alexlod.com/2008/09/19/the-financial-crisis-explained/comment-page-1/#comment-1549 jsalvati Sat, 20 Sep 2008 01:38:48 +0000 http://www.alexloddengaard.com/?p=701#comment-1549 No offense, but you can tell when people don't understand what's going on when they start blaming things on "greed." No offense, but you can tell when people don’t understand what’s going on when they start blaming things on “greed.”

]]> http://alexlod.com/2008/09/19/the-financial-crisis-explained/comment-page-1/#comment-1538 Brian Harris Fri, 19 Sep 2008 13:54:49 +0000 http://www.alexloddengaard.com/?p=701#comment-1538 It's not the greedy bankers' fault, they're just playing the game as competitively as possible. Greedy bankers are good for the economy for the same reasons as why competitive athletes are good for sports; competition raises the bar. Be upset with your government that provides an unwritten insurance policy for when a star athlete breaks their ankle. It's a lot easier to go all out and take more risks when you know big brother is there to catch you when you fall. It’s not the greedy bankers’ fault, they’re just playing the game as competitively as possible. Greedy bankers are good for the economy for the same reasons as why competitive athletes are good for sports; competition raises the bar. Be upset with your government that provides an unwritten insurance policy for when a star athlete breaks their ankle. It’s a lot easier to go all out and take more risks when you know big brother is there to catch you when you fall.

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