What do you say about the Global Financial Crisis?

[brandon]

I think the solution is to stash your money under your bed.

[scottish]

That would become a problem with even less money in the banks causing more of tax payers money being used by banks....

[FlyingJesus]

while politicians can deny it as much as they want, the problem is the distribution of wealth. there's a quote from 1951 by FDR's FED chairman that explains everything very well:

"As in a poker game where the chips are concentrated in fewer and fewer hands, the other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped."

its amazing how an analysis from more than 50 years ago could describe our situation so well. and it's sad we haven't learned a thing. it's sad that the 700 BILLION dollars isn't going to the people losing their homes or their jobs, but the gigantic corporate banks WHO CAUSED THIS PROBLEM IN THE FIRST PLACE. it's pathetic, really.

Dirty commie haha

[Holofoil]

http://www.nowpublic.com/tech-biz/oh...ptember-2008-0

[scottish]

error 404 as its got the ****

[Minstrels]

Money is safe in British banks, simple.

[RedStratocas]

Dirty commie haha

haha. im not anti-capitalist, but there have been multiple economic experts that have said that when there is a large gap in the distribution of wealth (i.e. the top 1% of the population owning 95% of the wealth) there is corruption in the system. capitalism isn't evil, it's greediness that's evil.

[scottish]

i doubt 1% of the population own 95% of the wealth lol.. but i can see where your coming from..

Most people are greedy.

[FlyingJesus]

Capitalism is fuelled by greed, the whole idea is that people are out there to better themselves and only themselves financially. It might break down every now and then but there really is no alternative

[RedStratocas]

i doubt 1% of the population own 95% of the wealth lol.. but i can see where your coming from..

Most people are greedy.

well obviously it was an exaggeration, lozl. even though it is pretty high (i think the actually figure is the top 5% own more than half the wealth).

Capitalism is fuelled by greed, the whole idea is that people are out there to better themselves and only themselves financially. It might break down every now and then but there really is no alternative

it's the corruption, dood. greed breeds corruption, which got us into the first depression. capitalism rulez, but it definitely needs more regulation. the bush administration de-regulating was horrible. it's the companies that go bankrupt and the ceo's who walk away with millions that frustrate me the most, tbh.