Billionaires sue the Government for bailing them out, and they just might win.

[The Minsky Moment]

It's really kind of funny - the idea that Hank Greenberg is some innocent naif being manipulated by his lawyer into making claims.

[Neil]

It's really kind of funny - the idea that Hank Greenberg is some innocent naif being manipulated by his lawyer into making claims.

That is a mischaracterization of my post.  You are a liar, and a villain.

[derspiess]

Dude has balls just daring to call himself "Hank Greenberg".  Like he's done anything half as great as the original.

[Barrister]

It's really kind of funny - the idea that Hank Greenberg is some innocent naif being manipulated by his lawyer into making claims.

That is a mischaracterization of my post.  You are a liar, and a villain.

[Neil]

Of course.  What else is there for us to do but talk?  It's not like the problems of the world can be solved.

[Ideologue]

No person, no problem.

[dps]

People want revolutions and destruction of the current system, but I am not sure what the new world order should be.

There doesn't need to be a revolution, the laws and regulations just need to be tightened up to the standards that existed 20-30 years ago.

Also, CEOs and their minions need to be held accountable to the law, even if the corporation is too big (they should be broken up) to fail doesn't mean we can't punish the people who fucked it up.

We had a very similar crash in the 1980's.  You need to go back to the early 1960's to get proper standards.

The problem isn't that we have crashes, the problem is that we've gotten to the point that the government bails out those responsible instead of letting them fail.  "Proper standards" isn't criminalizing bad business decisions, it's letting those who make such decisions suffer the consequences.

[Neil]

How do you allow them to fail while at the same time avoiding mass unemployment and financial instability, which governments want to keep a good eye on?

[Tonitrus]

When the revolution comes, the shameless finance types are really a secondary target.  The group that must be utterly destroyed are the lawyers.  They are the ones who have twisted society.  They are the ones who have convinced everyone that 'not illegal' and 'morally unimpeachable' are the same thing.  They have twisted the meaning of the word 'ethics' to suit their own purposes.  They have used litigiousness and organization to insert themselves into every sphere of human endeavour.  The only option is to round them up, execute the ringleaders, scrap the entire existing work of law and start over.  In this new world, there will be no attourneys gathering power and counseling people, sprinkling their poison into the heart of mankind.  Judges and inquisitors will determine fault and resolve disputes.

All these CEOs and other villains are just a symptom.  They were convinced by their lawyers that their tricks have put them beyond justice.  Once you remove the toxic influence of the lawyers and the laws they have written, we can start to hold people to account.

I think you may have missed his point.  Under Neil's proposal, your kind of lawyer might be elevated to a Judge-Inquisitor. 

[Razgovory]

People want revolutions and destruction of the current system, but I am not sure what the new world order should be.

There doesn't need to be a revolution, the laws and regulations just need to be tightened up to the standards that existed 20-30 years ago.

Also, CEOs and their minions need to be held accountable to the law, even if the corporation is too big (they should be broken up) to fail doesn't mean we can't punish the people who fucked it up.

We had a very similar crash in the 1980's.  You need to go back to the early 1960's to get proper standards.

The problem isn't that we have crashes, the problem is that we've gotten to the point that the government bails out those responsible instead of letting them fail.  "Proper standards" isn't criminalizing bad business decisions, it's letting those who make such decisions suffer the consequences.

I'm not keen on having 25% unemployment.  That's when people do seriously talk about revolutions.

[alfred russel]

The government didn't bail out Hank Greenberg. It bailed out AIG. Hank Greenberg the AIG shareholder lost a fortune during the financial crisis.

[jimmy olsen]

The government didn't bail out Hank Greenberg. It bailed out AIG. Hank Greenberg the AIG shareholder lost a fortune during the financial crisis.

He would have lost it all if the government hadn't intervened.

[Eddie Teach]

Dude has balls just daring to call himself "Hank Greenberg".  Like he's done anything half as great as the original.

I guess he figured if he went by his real name, people would expect him to speak of the pompitous of love.