caribny posted:

Drugb posted:

, but what I am seeing as an insider in the industry is clearly overkill.

Druggie you are no insider to the industry.  You are a peon who writes code, or maybe you have moved on to managing IT systems.  You are a servant and those on the line side of the bank see you as a well paid building super.

When you disclose that you are involved in derivatives or are a hedge fund guy then we can chat.

In fact BOTH Trump and Bernie Sanders are out to lunch.  The financial sector is no longer just the regulated banks.

Expect another financial implosion by 2020 if these guys have their way. Already poor people are getting marketed to for $20,000 lines of credit.

I am more qualified than a section 8 recipient to comment on these matters.  The devil is in the details of these regulations. I see it firsthand and idiotic requirements being asked of banks. You are not privy to these details from behind your sofa in Brooklyn. 

Drugb posted:

 

I am more qualified than a section 8 recipient to comment on these matters.  

In a previous life I was in corporate banking. Now I assist small businesses to arrange financing.

People like you were seen as scarcely better than the guys downstairs in the lobby.

You know NOTHING about the real world of corporate finance.  You just manage the infrastructure so that others can do their work. No different from the guys at MTA who fix the trains.

caribny posted:

Drugb posted:

 

I am more qualified than a section 8 recipient to comment on these matters.  

In a previous life I was in corporate banking. Now I assist small businesses to arrange financing.

People like you were seen as scarcely better than the guys downstairs in the lobby.

You know NOTHING about the real world of corporate finance.  You just manage the infrastructure so that others can do their work. No different from the guys at MTA who fix the trains.

Finally we get a glimpse into your life, so now I can drop the section 8 remarks. But in your small time world, you still are not qualified to discuss matters at the big banks. 

Drugb posted:

 

Finally we get a glimpse into your life, so now I can drop the section 8 remarks. But in your small time world, you still are not qualified to discuss matters at the big banks. 

1. I used to work at several large banks.

2. I now interact with banks on a daily basis. 

Given that I discuss what is a core function of a bank, and that is to originate financing, I think that I know something of this.

Now be a good boy and educate Nehru about what "originating financing" entailed.

Also remember that it was people like Ed Ahmad who contributed to the debacle of 2008, even though all he was doing was getting poor people to obtain fraudulent mortgages. Something even more mundane than helping a real estate developer structure and raise $20MM to fund a project.

Also tell Nehru what is involved in "structuring" a real estate deal.

Danyael posted:

ba$eman posted:

Billy Ram Balgobin posted:

Many people in this country are concerned about the spiraling national debt that is about $20 trillion and the increasing cost of health insurance under ObamaCare.  Who is comfortable with an America racking up debt at such a rapid pace and healthcare cost is going out of control for working families?  Are we blind to see how taxes are eating up our incomes and gangsters are taking over cities where cops are viewed as the bad guys?  

The debt is ok.  If the debt spending brings larger growth, that's ok.  A large part of the debt is within the Govt itself.  The US in not the most indebted nation for developed nations.  And the debt is in USD, so it gives us flexibility.

Family healthcare and education costs/debt are real dampers on the economy and the real threat to prosperity, not the national debt!

On the gangsters taking over the city, well maybe we need a new sheriff in town.  Oh, I forgot Gulliani is back in business!!

The peculiarity of you being a kneebender for trump is one thing but thinking that gulliani imbues hope and change is startling. One would want to know as a scientific curiosity as to what deformed your reasoning so much!

Trump will make America great again!  No time for the naysayers!

Baseman is so blinded by his love for Trump, because he noticed that other bigots who hate blacks, are also attracted to Trump. Why is that one can wonder. Why is the KKK so overjoyed that Trump won that they are showing that Trump is indeed a bigot.

Just ask Baseman concrete questions about what Trump will do and he CANNOT tell you.