• Log InLog In
  • Register
Liquid`
Team Liquid Liquipedia
EDT 10:33
CEST 16:33
KST 23:33
  • Home
  • Forum
  • Calendar
  • Streams
  • Liquipedia
  • Features
  • Store
  • EPT
  • TL+
  • StarCraft 2
  • Brood War
  • Smash
  • Heroes
  • Counter-Strike
  • Overwatch
  • Liquibet
  • Fantasy StarCraft
  • TLPD
  • StarCraft 2
  • Brood War
  • Blogs
Forum Sidebar
Events/Features
News
Featured News
[ASL20] Ro24 Preview Pt1: Runway112v2 & SC: Evo Complete: Weekend Double Feature2Team Liquid Map Contest #21 - Presented by Monster Energy9uThermal's 2v2 Tour: $15,000 Main Event18Serral wins EWC 202549
Community News
Weekly Cups (Aug 11-17): MaxPax triples again!9Weekly Cups (Aug 4-10): MaxPax wins a triple6SC2's Safe House 2 - October 18 & 195Weekly Cups (Jul 28-Aug 3): herO doubles up6LiuLi Cup - August 2025 Tournaments7
StarCraft 2
General
What mix of new and old maps do you want in the next 1v1 ladder pool? (SC2) : RSL Revival patreon money discussion thread Weekly Cups (Aug 11-17): MaxPax triples again! Team Liquid Map Contest #21 - Presented by Monster Energy Would you prefer the game to be balanced around top-tier pro level or average pro level?
Tourneys
Sparkling Tuna Cup - Weekly Open Tournament RSL: Revival, a new crowdfunded tournament series LiuLi Cup - August 2025 Tournaments SEL Masters #5 - Korea vs Russia (SC Evo) Enki Epic Series #5 - TaeJa vs Classic (SC Evo)
Strategy
Custom Maps
External Content
Mutation # 487 Think Fast Mutation # 486 Watch the Skies Mutation # 485 Death from Below Mutation # 484 Magnetic Pull
Brood War
General
ASL 20 HYPE VIDEO! Flash Announces (and Retracts) Hiatus From ASL BW General Discussion New season has just come in ladder [ASL20] Ro24 Preview Pt1: Runway
Tourneys
[ASL20] Ro24 Group B [Megathread] Daily Proleagues [ASL20] Ro24 Group A BWCL Season 63 Announcement
Strategy
Simple Questions, Simple Answers Fighting Spirit mining rates [G] Mineral Boosting Muta micro map competition
Other Games
General Games
Stormgate/Frost Giant Megathread Nintendo Switch Thread Total Annihilation Server - TAForever Beyond All Reason [MMORPG] Tree of Savior (Successor of Ragnarok)
Dota 2
Official 'what is Dota anymore' discussion
League of Legends
Heroes of the Storm
Simple Questions, Simple Answers Heroes of the Storm 2.0
Hearthstone
Heroes of StarCraft mini-set
TL Mafia
TL Mafia Community Thread Vanilla Mini Mafia
Community
General
US Politics Mega-thread Russo-Ukrainian War Thread Things Aren’t Peaceful in Palestine European Politico-economics QA Mega-thread The Games Industry And ATVI
Fan Clubs
INnoVation Fan Club SKT1 Classic Fan Club!
Media & Entertainment
Anime Discussion Thread Movie Discussion! [Manga] One Piece [\m/] Heavy Metal Thread
Sports
2024 - 2026 Football Thread TeamLiquid Health and Fitness Initiative For 2023 Formula 1 Discussion
World Cup 2022
Tech Support
Gtx660 graphics card replacement Installation of Windows 10 suck at "just a moment" Computer Build, Upgrade & Buying Resource Thread
TL Community
TeamLiquid Team Shirt On Sale The Automated Ban List
Blogs
The Biochemical Cost of Gami…
TrAiDoS
[Girl blog} My fema…
artosisisthebest
Sharpening the Filtration…
frozenclaw
ASL S20 English Commentary…
namkraft
StarCraft improvement
iopq
Customize Sidebar...

Website Feedback

Closed Threads



Active: 1377 users

US Politics Mega-thread - Page 1049

Forum Index > Closed
Post a Reply
Prev 1 1047 1048 1049 1050 1051 10093 Next
Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious.
Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action.
kwizach
Profile Joined June 2011
3658 Posts
Last Edited: 2014-05-12 21:39:05
May 12 2014 21:38 GMT
#20961
On May 13 2014 06:09 Danglars wrote:
Show nested quote +
On May 13 2014 05:09 BallinWitStalin wrote:
On May 12 2014 12:48 Danglars wrote:
On May 12 2014 11:58 SnipedSoul wrote:
I find it interesting how conservatives make fun of others for "preaching doom and gloom" about issues such as climate change while those same conservatives are the ones saying everyone needs a gun because the world is full of murderers.
The causes of man-made gun violence are too well known to deny anymore. There's a consensus amongst everyone and the science is settled. By 2050, the effects of gun warming will cause murder rates everywhere to skyrocket. The only alternative is to ban the manufacture of guns, because only then will murder plummet. If we don't act quickly, the sheer cascading effect of these guns will make this transformation irreversible and catastrophic!

Now the lawful use of a firearm in self defense, there's a topic in a thread! 539 pages last I saw. Next time you see a gun rights type predicting the planet's demise, you point him out to me!


Man, everything you post is so straw-man or absurd.

Few biologists are predicting that climate change is going to cause our planet's "demise". Although there are a few "possible" (in the sense that they are not logically impossible, but merely highly improbable) scenarios where it may cause serious, catastrophic destruction (i.e. slowing/stopping of "conveyor belt" oceanic water circulation systems, which I assure you would fuck life in the oceans and subsequently land pretty hard), most people consider these low probability events.

However, if climate change occurs it WILL have serious economic consequences for many areas. It WILL seriously harm biodiversity in many areas. It WILL cause species extinctions. Not all of these effects will be negative, however (e.g. many parts of Canada are predicted to exhibit increased biodiversity as a result of climate change). Ecosystems WILL be affected, and many are already demonstrably changing (average artic temperatures have changed by almost 6 degrees, I think, and that seriously fuck's up seasonal timings that species have adapted to). The ocean is also going to get more acidic the more CO2 we put in the atmosphere, which will happen regardless if the climate changes (not debatable, this is a function of chemistry). This could also have dramatic impacts on many species that use calcium to construct their shells. How will this change oceanic ecosystems? Who the fuck knows, but probably not in a good way.

Climate change probably will help agricultural production in some areas, but hurt others due to changing rainfall patterns (e.g. central Canada vs. the prairies). Coastal areas will probably be the most hard hit by all of its effects. Countries with the income or resources to adjust will have to pay the associated economic costs, but will probably be fine in the long run. It may seriously impact those that do not (e.g. cause human population migrations, and in extreme circumstances heighten risks of famine, with all of the human misery that typically accompanies those things), but will largely depend on the magnitude of the effects (i.e. Bangladesh is looking like it might be in some serious trouble).

To summarize realistic views on climate change: Will climate change extinguish life on this planet? No. Will it seriously affect some ecosystems if it happens? Yes. Has it already? There is very good evidence that this is the case. Will many of the effects be seriously negative? Yes, for some people/ecosystems. Will all the effects be negative? No, some people/places/species stand to benefit quite a bit from climate change. Will some areas not see a significant change at all? Probably.

Assuming that ecosystem stability, biodiversity, reducing market externalities (i.e. the costs paid by people who do not participate in the benefits causing those costs), and increasing predictability (the last two are something you market-oriented people should sympathize with) are desirable things, climate change/CO2 production is worth investigating, and trying to slow. It's just the precautionary principle, which seems like a pretty good-sense principle to follow to me. However, if you don't give a shit about those things, then fuck it. Hell, it's probably only poor brown people that will suffer the most as a result, but who cares about them right?

I would ask your feelings on the nature of IPCC reports, since they tend to have catastrophic predictions with some estimation of the future decade's severity. Last year September there was reporting on CBS in the wake of the 9/27 report that temperatures might rise more than 200 degrees.

This sounds like you horribly misconstruing what was being said, which is exactly what you were just accused of. Let's hear it - what's your source?
"Oedipus ruined a great sex life by asking too many questions." -- Stephen Colbert
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
May 12 2014 22:08 GMT
#20962
Telecom giant AT&T is in "advanced talks" to buy satellite TV service DirectTV for about $50 billion, according to Bloomberg News, which spoke with people familiar with the matter.

The potential agreement could be as close as two weeks away, according to the Wall Street Journal. With shares of DirecTV trading for around $85 a piece in after-hours trading, the company's market value is currently somewhere in the $45 billion range, or $5 billion less than AT&T's supposed purchasing price.

Were the two sides to reach an agreement, the partnership would morph the companies into a massive pay-television conglomerate. Bloomberg reports that Dish Network Corp. Chairman Charlie Ergen began working more diligently on a potential deal after hearing of Comcast's plans to buy Time Warner Cable for $45 billion in February. That deal, if approved, would make Comcast the number one Internet service provide in 26 American states.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
oneofthem
Profile Blog Joined November 2005
Cayman Islands24199 Posts
May 13 2014 01:41 GMT
#20963
lel more cable monopoly
We have fed the heart on fantasies, the heart's grown brutal from the fare, more substance in our enmities than in our love
Chocolate
Profile Blog Joined December 2010
United States2350 Posts
May 13 2014 02:21 GMT
#20964
The state should manage the telecommunications business
I think that would be a good idea under normal circumstances, but that'd probably just make it easier for them to spy on us :/
IgnE
Profile Joined November 2010
United States7681 Posts
May 13 2014 02:22 GMT
#20965
They already spy on everyone and it's not hard.
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
Danglars
Profile Blog Joined August 2010
United States12133 Posts
May 13 2014 02:33 GMT
#20966
On May 13 2014 11:21 Chocolate wrote:
The state should manage the telecommunications business
I think that would be a good idea under normal circumstances, but that'd probably just make it easier for them to spy on us :/
I don't think the civil service in the US has proven it can manage much well. The question of mergers is more a question of what might be in the future, and there's already antitrust laws and the DoJ for that. I wouldn't appoint a department to watch competition and the rest.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
Chocolate
Profile Blog Joined December 2010
United States2350 Posts
May 13 2014 02:44 GMT
#20967
On May 13 2014 11:33 Danglars wrote:
Show nested quote +
On May 13 2014 11:21 Chocolate wrote:
The state should manage the telecommunications business
I think that would be a good idea under normal circumstances, but that'd probably just make it easier for them to spy on us :/
I don't think the civil service in the US has proven it can manage much well. The question of mergers is more a question of what might be in the future, and there's already antitrust laws and the DoJ for that. I wouldn't appoint a department to watch competition and the rest.

I know, I just think that in an ideal (but realistic) world the telecom. business would be nationalized since it only lends itself to what happens over and over again: monopoly followed by antitrust followed by new monopoly in a cycle where it's mostly the consumer that loses.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 13 2014 03:00 GMT
#20968
Former Treasury secretary Tim Geitner a new book called "Stress Test". The NYT has a long article on it and Geitner in general.

A couple funny bits:

During an April 2009 hearing about the financial-bailout program, Damon A. Silvers, a panel member, seemed almost incredulous that Geithner had never worked on Wall Street.

“You have been in banking — " Silvers said.

“I have never actually been in banking,” Geithner interrupted. “I have only been in public service.”

“Well, a long time ago. A long time — “

“Actually, never.”

“Investment banking, I meant — “

“Never investment banking.”

“Well, all right,” Silvers conceded. “Very well then.”

...

At another point, he cheerfully relayed a story that also appears in his book about the time he sought advice from Bill Clinton on how to pursue a more populist strategy: “You could take Lloyd Blankfein into a dark alley,” Clinton said, “and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.”

Source
IgnE
Profile Joined November 2010
United States7681 Posts
Last Edited: 2014-05-13 03:17:14
May 13 2014 03:14 GMT
#20969
On May 13 2014 11:33 Danglars wrote:
Show nested quote +
On May 13 2014 11:21 Chocolate wrote:
The state should manage the telecommunications business
I think that would be a good idea under normal circumstances, but that'd probably just make it easier for them to spy on us :/
I don't think the civil service in the US has proven it can manage much well. The question of mergers is more a question of what might be in the future, and there's already antitrust laws and the DoJ for that. I wouldn't appoint a department to watch competition and the rest.


Well you'd be wrong. There are plenty of examples, i.e. water and electric utilities where the government runs the organization quite ably, indeed oftentimes offering lower prices than privately run utilities in other states. The government also has a number of agencies that are run very well, especially considering limited resources in some cases, e.g. legal apparatuses like prosecutors and public defenders, the national science foundation, the US patent and trademark office, etc.

On the contrary, you have telecomms companies that have not paid taxes on their guaranteed profits, have received subsidies from the government to build new infrastructure which they then use to pad their earnings rather than build new infrastructure, conspired to form monopolies, and operated generally like a blood-sucking rentier industry that does as little as possible to advance the telecommunications network while continuing to make outrageous sums of money off of a public network.

There is no reason to think that a government-run telecommunications agency would be a net negative unless you have some blind-bias against government-run anything because you hate wealth redistribution.
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
oneofthem
Profile Blog Joined November 2005
Cayman Islands24199 Posts
May 13 2014 03:49 GMT
#20970
it's not even about wealthredistribution. just be real and look at quality of service vs what you are payin
We have fed the heart on fantasies, the heart's grown brutal from the fare, more substance in our enmities than in our love
Danglars
Profile Blog Joined August 2010
United States12133 Posts
May 13 2014 03:54 GMT
#20971
On May 13 2014 11:44 Chocolate wrote:
Show nested quote +
On May 13 2014 11:33 Danglars wrote:
On May 13 2014 11:21 Chocolate wrote:
The state should manage the telecommunications business
I think that would be a good idea under normal circumstances, but that'd probably just make it easier for them to spy on us :/
I don't think the civil service in the US has proven it can manage much well. The question of mergers is more a question of what might be in the future, and there's already antitrust laws and the DoJ for that. I wouldn't appoint a department to watch competition and the rest.

I know, I just think that in an ideal (but realistic) world the telecom. business would be nationalized since it only lends itself to what happens over and over again: monopoly followed by antitrust followed by new monopoly in a cycle where it's mostly the consumer that loses.
I mean in an ideal world that public servants act altruistically without egos, without the corruption of power, without acting on political ideologies, or even loyalties to the ruling party or ideology, then sure. There's always that danger that humans behave very human-like and act on narrow personal concerns with the power of the State and the protection of anonymity and union contracts.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
zlefin
Profile Blog Joined October 2012
United States7689 Posts
May 13 2014 04:02 GMT
#20972
I wouldn't say patent and trademark office runs well; more like passably. It functions, but it does a lot of really stupid things; and has a lack of effective checks in place. In particular it's really poor on technology related issues.

I think the government could work better if we tried out some alternative structures for the bureaucracies to increase competition.
Great read: http://shorensteincenter.org/news-coverage-2016-general-election/ great book on democracy: http://press.princeton.edu/titles/10671.html zlefin is grumpier due to long term illness. Ignoring some users.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
May 13 2014 04:14 GMT
#20973
"Smokey, this is not 'Nam, this is bowling. There are rules."
IgnE
Profile Joined November 2010
United States7681 Posts
May 13 2014 04:26 GMT
#20974
On May 13 2014 13:02 zlefin wrote:
I wouldn't say patent and trademark office runs well; more like passably. It functions, but it does a lot of really stupid things; and has a lack of effective checks in place. In particular it's really poor on technology related issues.

I think the government could work better if we tried out some alternative structures for the bureaucracies to increase competition.


All that it does is "technology-related issues." Could you be more specific?
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
May 13 2014 05:17 GMT
#20975
A trio of new polls Monday from NBC News and Marist College confirm an emerging trend of the 2014 primary season: the Republican establishment has the upper hand over the tea party.

House Speaker Thom Tillis's (R) outright win in the North Carolina Senate primary last week -- he avoided a primary runoff against tea party opposition -- was seen as a step in the right direction for a GOP establishment that has struggled mightily to figure out how to beat back such primary challenges.

The new polls confirm that things continue to be headed in the GOP's direction.
In Kentucky, Senate Minority Leader Mitch McConnell (R-Ky.) is having very little trouble with his challenger, businessman Matt Bevin. He leads Bevin 57 percent to 25 percent with just one week left until primary day (May 20).

The establishment also appears primed for a pretty significant win in another state holding its primary that same day: Georgia.

Tea party-aligned Reps. Phil Gingrey and Paul Broun lag behind, tied for fourth place, in the open primary to succeed retiring Sen. Saxby Chambliss (R-Ga.). Businessman David Perdue leads at 23 percent, followed by Rep. Jack Kingston at 18 percent and former secretary of state Karen Handel at 14 percent. Gingrey and Broun are at 11 percent and are also the second choices of relatively few voters. The national GOP favors Perdue, Kingston and Handel.

In each race, the polls suggest the tea party is basically out of contention heading into the final week. That's especially huge for the GOP establishment, because these are arguably the two races where it had the most to lose come November.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
GreenHorizons
Profile Blog Joined April 2011
United States23250 Posts
May 13 2014 05:24 GMT
#20976
On May 13 2014 14:17 {CC}StealthBlue wrote:
Show nested quote +
A trio of new polls Monday from NBC News and Marist College confirm an emerging trend of the 2014 primary season: the Republican establishment has the upper hand over the tea party.

House Speaker Thom Tillis's (R) outright win in the North Carolina Senate primary last week -- he avoided a primary runoff against tea party opposition -- was seen as a step in the right direction for a GOP establishment that has struggled mightily to figure out how to beat back such primary challenges.

The new polls confirm that things continue to be headed in the GOP's direction.
In Kentucky, Senate Minority Leader Mitch McConnell (R-Ky.) is having very little trouble with his challenger, businessman Matt Bevin. He leads Bevin 57 percent to 25 percent with just one week left until primary day (May 20).

The establishment also appears primed for a pretty significant win in another state holding its primary that same day: Georgia.

Tea party-aligned Reps. Phil Gingrey and Paul Broun lag behind, tied for fourth place, in the open primary to succeed retiring Sen. Saxby Chambliss (R-Ga.). Businessman David Perdue leads at 23 percent, followed by Rep. Jack Kingston at 18 percent and former secretary of state Karen Handel at 14 percent. Gingrey and Broun are at 11 percent and are also the second choices of relatively few voters. The national GOP favors Perdue, Kingston and Handel.

In each race, the polls suggest the tea party is basically out of contention heading into the final week. That's especially huge for the GOP establishment, because these are arguably the two races where it had the most to lose come November.


Source



The big question is going to be: Do the Tea Party Conservatives stay home or vote for the establishment?
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
WhiteDog
Profile Blog Joined November 2010
France8650 Posts
Last Edited: 2014-05-13 05:32:29
May 13 2014 05:25 GMT
#20977
On May 13 2014 12:00 JonnyBNoHo wrote:
Former Treasury secretary Tim Geitner a new book called "Stress Test". The NYT has a long article on it and Geitner in general.

A couple funny bits:

Show nested quote +
During an April 2009 hearing about the financial-bailout program, Damon A. Silvers, a panel member, seemed almost incredulous that Geithner had never worked on Wall Street.

“You have been in banking — " Silvers said.

“I have never actually been in banking,” Geithner interrupted. “I have only been in public service.”

“Well, a long time ago. A long time — “

“Actually, never.”

“Investment banking, I meant — “

“Never investment banking.”

“Well, all right,” Silvers conceded. “Very well then.”

...

At another point, he cheerfully relayed a story that also appears in his book about the time he sought advice from Bill Clinton on how to pursue a more populist strategy: “You could take Lloyd Blankfein into a dark alley,” Clinton said, “and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.”

Source

This is the perfect exemple of what's wrong with politics lol. The guy did what he did, and now present it like it was the best solution, the famous "there is no alternatives", neglecting the fact that he saved the banks first and foremost with no compensation.
The fact that all banks paid off most of what the state invested to save them in a two years time, while the rest of the world is still mourning more or less, is presented like some kind of positive result of his plan, while to me it's just the proof that his plan was biaised toward banks, no to mention the increase in inequality that followed.

And now he works for an equity firm. At least show some critical thinking.
"every time WhiteDog overuses the word "seriously" in a comment I can make an observation on his fragile emotional state." MoltkeWarding
Danglars
Profile Blog Joined August 2010
United States12133 Posts
May 13 2014 06:18 GMT
#20978
On May 13 2014 12:14 IgnE wrote:
Show nested quote +
On May 13 2014 11:33 Danglars wrote:
On May 13 2014 11:21 Chocolate wrote:
The state should manage the telecommunications business
I think that would be a good idea under normal circumstances, but that'd probably just make it easier for them to spy on us :/
I don't think the civil service in the US has proven it can manage much well. The question of mergers is more a question of what might be in the future, and there's already antitrust laws and the DoJ for that. I wouldn't appoint a department to watch competition and the rest.


Well you'd be wrong. There are plenty of examples, i.e. water and electric utilities where the government runs the organization quite ably, indeed oftentimes offering lower prices than privately run utilities in other states. The government also has a number of agencies that are run very well, especially considering limited resources in some cases, e.g. legal apparatuses like prosecutors and public defenders, the national science foundation, the US patent and trademark office, etc.

On the contrary, you have telecomms companies that have not paid taxes on their guaranteed profits, have received subsidies from the government to build new infrastructure which they then use to pad their earnings rather than build new infrastructure, conspired to form monopolies, and operated generally like a blood-sucking rentier industry that does as little as possible to advance the telecommunications network while continuing to make outrageous sums of money off of a public network.

There is no reason to think that a government-run telecommunications agency would be a net negative unless you have some blind-bias against government-run anything because you hate wealth redistribution.
Fannie & Freddie (and their in-bed politicians. It gets inclusion for having the political backing and implicit support of the Fed), the treasury department, federal reserve (More Pumping please, business interests please), the IRS, departments of education and energy, EPA, BLM, NSA, postal service, etc on the other side. I'd error on the side of caution.

I don't really know where you're going with "not paid taxes on their guaranteed profits." Are you talking advertising revenue, or competition with limited availability? I'll agree with you on the applicable subsidies to from government to the companies. End them. It might come as no surprise to you that "outrageous sums of money" is of no concern to me. If you'll argue anti-competitive practices on a shared infrastructure, I'll hear that.

Now if you have the choice of laying up power and influence with an elected body not directly responsible for turning a profit or pleasing a customer, and one with both, I say that choice is clear. It's not like government isn't just people, or only corporations can be greedy. Even an elected democracy can turn into soft tyranny. It's with reason that I say their running/takeover it a bad idea on its face.

P.S. Even as a side note, Comcast and Time Warner are in geographically separate regions. They compete with satellite, and together with DirecTV & AT&T, compete with Internet TV like Netflix & Apple TV (maybe in future Google as well). As I look further into market share and subscriber numbers, it's hard to feel the forecasts of some Comcast-TWC and AT&T-DirecTV. The cable deal would only capture 30% of subscribers.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
May 13 2014 06:19 GMT
#20979
On May 13 2014 14:25 WhiteDog wrote:
Show nested quote +
On May 13 2014 12:00 JonnyBNoHo wrote:
Former Treasury secretary Tim Geitner a new book called "Stress Test". The NYT has a long article on it and Geitner in general.

A couple funny bits:

During an April 2009 hearing about the financial-bailout program, Damon A. Silvers, a panel member, seemed almost incredulous that Geithner had never worked on Wall Street.

“You have been in banking — " Silvers said.

“I have never actually been in banking,” Geithner interrupted. “I have only been in public service.”

“Well, a long time ago. A long time — “

“Actually, never.”

“Investment banking, I meant — “

“Never investment banking.”

“Well, all right,” Silvers conceded. “Very well then.”

...

At another point, he cheerfully relayed a story that also appears in his book about the time he sought advice from Bill Clinton on how to pursue a more populist strategy: “You could take Lloyd Blankfein into a dark alley,” Clinton said, “and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.”

Source

This is the perfect exemple of what's wrong with politics lol. The guy did what he did, and now present it like it was the best solution, the famous "there is no alternatives", neglecting the fact that he saved the banks first and foremost with no compensation.
The fact that all banks paid off most of what the state invested to save them in a two years time, while the rest of the world is still mourning more or less, is presented like some kind of positive result of his plan, while to me it's just the proof that his plan was biaised toward banks, no to mention the increase in inequality that followed.

And now he works for an equity firm. At least show some critical thinking.

I'm not really a Geitner fan, but are those fair criticisms? TARP did help save the banks but it wasn't free money (e.g. there was compensation). Certainly the Treasury could have done better, but comparing globally they seemed to have done really well.
WhiteDog
Profile Blog Joined November 2010
France8650 Posts
Last Edited: 2014-05-13 06:46:56
May 13 2014 06:44 GMT
#20980
On May 13 2014 15:19 JonnyBNoHo wrote:
Show nested quote +
On May 13 2014 14:25 WhiteDog wrote:
On May 13 2014 12:00 JonnyBNoHo wrote:
Former Treasury secretary Tim Geitner a new book called "Stress Test". The NYT has a long article on it and Geitner in general.

A couple funny bits:

During an April 2009 hearing about the financial-bailout program, Damon A. Silvers, a panel member, seemed almost incredulous that Geithner had never worked on Wall Street.

“You have been in banking — " Silvers said.

“I have never actually been in banking,” Geithner interrupted. “I have only been in public service.”

“Well, a long time ago. A long time — “

“Actually, never.”

“Investment banking, I meant — “

“Never investment banking.”

“Well, all right,” Silvers conceded. “Very well then.”

...

At another point, he cheerfully relayed a story that also appears in his book about the time he sought advice from Bill Clinton on how to pursue a more populist strategy: “You could take Lloyd Blankfein into a dark alley,” Clinton said, “and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.”

Source

This is the perfect exemple of what's wrong with politics lol. The guy did what he did, and now present it like it was the best solution, the famous "there is no alternatives", neglecting the fact that he saved the banks first and foremost with no compensation.
The fact that all banks paid off most of what the state invested to save them in a two years time, while the rest of the world is still mourning more or less, is presented like some kind of positive result of his plan, while to me it's just the proof that his plan was biaised toward banks, no to mention the increase in inequality that followed.

And now he works for an equity firm. At least show some critical thinking.

I'm not really a Geitner fan, but are those fair criticisms? TARP did help save the banks but it wasn't free money (e.g. there was compensation). Certainly the Treasury could have done better, but comparing globally they seemed to have done really well.

From a technical standpoint he did better than anyone else, but it is not much. The EU behave so stupidly...
The problem is my critic is not technical.
"every time WhiteDog overuses the word "seriously" in a comment I can make an observation on his fragile emotional state." MoltkeWarding
Prev 1 1047 1048 1049 1050 1051 10093 Next
Please log in or register to reply.
Live Events Refresh
WardiTV Summer Champion…
11:00
Group Stage 2 - Group A
Creator vs Rogue
MaxPax vs Cure
WardiTV1247
Harstem440
IndyStarCraft 192
Rex192
Liquipedia
[ Submit Event ]
Live Streams
Refresh
StarCraft 2
Harstem 440
Lowko415
Rex 192
IndyStarCraft 192
Hui .178
ProTech65
mcanning 51
Codebar 39
SC2_NightMare 5
StarCraft: Brood War
Britney 51294
Calm 7082
Rain 5138
Flash 2863
Jaedong 1826
Horang2 1571
ggaemo 819
EffOrt 769
BeSt 553
Snow 433
[ Show more ]
Larva 396
ZerO 337
Light 295
actioN 262
Soulkey 244
firebathero 243
Barracks 175
hero 165
Rush 157
Hyuk 110
Mong 106
Hyun 102
Mind 64
Backho 63
Movie 59
Pusan 45
Sharp 43
ToSsGirL 42
Killer 42
Sea.KH 41
soO 31
Sacsri 20
ajuk12(nOOB) 17
yabsab 14
Terrorterran 13
HiyA 11
Noble 9
Dota 2
Gorgc8872
qojqva2320
Dendi1243
XcaliburYe218
Counter-Strike
zeus916
edward123
Super Smash Bros
Westballz46
Heroes of the Storm
Trikslyr50
Other Games
singsing2021
B2W.Neo1663
hiko1294
crisheroes605
FrodaN332
DeMusliM277
RotterdaM221
ArmadaUGS185
XaKoH 160
Liquid`VortiX110
QueenE61
ZerO(Twitch)16
Organizations
StarCraft: Brood War
Kim Chul Min (afreeca) 7
StarCraft 2
Blizzard YouTube
StarCraft: Brood War
BSLTrovo
sctven
[ Show 15 non-featured ]
StarCraft 2
• poizon28 14
• intothetv
• AfreecaTV YouTube
• Kozan
• IndyKCrew
• LaughNgamezSOOP
• Migwel
• sooper7s
StarCraft: Brood War
• Azhi_Dahaki31
• BSLYoutube
• STPLYoutube
• ZZZeroYoutube
Dota 2
• C_a_k_e 2422
League of Legends
• Nemesis5904
Other Games
• WagamamaTV215
Upcoming Events
PiGosaur Monday
9h 27m
Afreeca Starleague
19h 27m
Mini vs TBD
Soma vs sSak
WardiTV Summer Champion…
20h 27m
Clem vs goblin
ByuN vs SHIN
Online Event
1d 9h
The PondCast
1d 19h
WardiTV Summer Champion…
1d 20h
Zoun vs Bunny
herO vs Solar
Replay Cast
2 days
LiuLi Cup
2 days
BSL Team Wars
3 days
Team Hawk vs Team Dewalt
Korean StarCraft League
3 days
[ Show More ]
CranKy Ducklings
3 days
SC Evo League
3 days
WardiTV Summer Champion…
3 days
Classic vs Percival
Spirit vs NightMare
[BSL 2025] Weekly
4 days
Sparkling Tuna Cup
4 days
SC Evo League
4 days
BSL Team Wars
5 days
Team Bonyth vs Team Sziky
Afreeca Starleague
5 days
Queen vs HyuN
EffOrt vs Calm
Wardi Open
5 days
Replay Cast
6 days
Afreeca Starleague
6 days
Rush vs TBD
Jaedong vs Mong
Liquipedia Results

Completed

Jiahua Invitational
uThermal 2v2 Main Event
HCC Europe

Ongoing

Copa Latinoamericana 4
BSL 20 Team Wars
KCM Race Survival 2025 Season 3
BSL 21 Qualifiers
ASL Season 20
CSL Season 18: Qualifier 1
SEL Season 2 Championship
WardiTV Summer 2025
BLAST Bounty Fall 2025
BLAST Bounty Fall Qual
IEM Cologne 2025
FISSURE Playground #1
BLAST.tv Austin Major 2025

Upcoming

CSLAN 3
CSL 2025 AUTUMN (S18)
LASL Season 20
BSL Season 21
BSL 21 Team A
RSL Revival: Season 2
Maestros of the Game
EC S1
PGL Masters Bucharest 2025
Thunderpick World Champ.
MESA Nomadic Masters Fall
CS Asia Championships 2025
Roobet Cup 2025
ESL Pro League S22
StarSeries Fall 2025
FISSURE Playground #2
BLAST Open Fall 2025
BLAST Open Fall Qual
Esports World Cup 2025
TLPD

1. ByuN
2. TY
3. Dark
4. Solar
5. Stats
6. Nerchio
7. sOs
8. soO
9. INnoVation
10. Elazer
1. Rain
2. Flash
3. EffOrt
4. Last
5. Bisu
6. Soulkey
7. Mini
8. Sharp
Sidebar Settings...

Advertising | Privacy Policy | Terms Of Use | Contact Us

Original banner artwork: Jim Warren
The contents of this webpage are copyright © 2025 TLnet. All Rights Reserved.