Yes actually the fed does hand out money "just for the hell of it" why isn't there an audit of where the money went? The majority of it went to offshore tax havens for the ultra rich. Ontop of that if the debts were repaid why does the economy keep getting worse? Because giving those banks/investment firms the money was never the solution. You dont keep pumping money into "too big to fail" companies with tax payers money. Thats not how capitalism works.
When you know your going to get bailed out your going to take crazy risks/bets if you win hey great buy a new yatch. If you fail? You get more money to try again. How is that a sustainable working model? You clearly dont know enough about the topic.
Gerald Celente (30 years) Don Miller (15+ years) have had their futures accounts stolen from them they are vetern futures traders. If you think Madoff was big this mf global thing is going to be 100x bigger once it's fully exposed.
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Originally Posted by fobulaus
Future contracts are needed because it helps business hedge and manage their risk in order to maintain stable a growth in their companies (for the most part). This decreases unemployment rate so me and you can have a job.
I agree traders make a bit too much money. But do we need them? Absolutely yes. And for the record, being a successful trader is not easy. If you can earn $100 million per yr for the bank, you deserve the $5 mill bonus.
And guys, US Fed does not just hand out money for the hell of it. Look what the collapse of just 2 investment banks did to our economy... And for the record, a portion of the LOANS (not free money) have been repaid by Goldman/MS/JP Morgan to the Fed.
Btw, a big reason why a bailout was absolutely necessary during the credit crisis was because of AIG, an insurance company. Think about if you have a house insurance and when there's an earthquake, your insurance company defaults.
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