The Fucking Balls on These People: Billionaire To The Rest Of Us: “suck it in and cope.”

The Fucking Balls on These People

by John Cole

Bailouts for me, but no “handouts” for thee:

*****Charles Munger, the billionaire vice chairman of Berkshire Hathaway Inc., defended the U.S. financial-company rescues of 2008 and told students that people in economic distress should “suck it in and cope.”

“You should thank God” for bank bailouts, Munger said in a discussion at the University of Michigan on Sept. 14, according to a video posted on the Internet. “Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies.”

Bank rescues allowed the U.S. to avoid what could have been an “awful” downturn and will help the country as it deals with the housing slump, Munger, 86, said. He used the example of post-World War I Germany to explain how the bailouts under Presidents George W. Bush and Barack Obama were “absolutely required to save your civilization.”

more shit:
http://www.bloomberg.com/news/print/2010-09-20/berkshire-s-munger-says-cash-strapped-should-suck-it-in-not-get-bailout.html

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I don't know how that happened

Just waiting for the tumbrils to start rolling by.

:thumbsup:

I'm not about to advocate violence.

Therefore I have nothing to say.

When the first CEO that gets maimed (or worse) by the person(s) with nothing to lose, their attitudes might change.

Of course, when you have a few million or so TeaHadists and other wanna-be-Trumps water carriers on your side, not to mention most of the media in your pocket, it's not really that difficult to convince the American people you need infinitely more wealth to keep the delusion going.

Some day, a family member of a loved one who died after their claim was delayed or denied outright, is going to get their hands on one of the CEOs, and it won't be pretty.

What an asshole.

Whether we all go down, together, or not. Whether we survive, some or all...

He will still be an asshole. Remembered for eternity by eternity as an asshole.

Charles Munger, the billionaire vice chairman of Berkshire Hathaway Inc.,

Warren would never say anything like "suck it in and cope". At least not in public... :tinfoilhat:

And they wonder why we depise them.

or so, not one but three rip-offs on an unprecedented global scale, yet still support the mechanism that makes it all possible.

They've seen the parasites wipe out millions of people's life work, seen their retirements, their pensions, and their savings literally handed to the thieves through government fiat, yet they still cling to a desperate belief that they will somehow come through this whole.

It's just crazy.

John Maynard Keynes said, "Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." And still they invest their future in people and policies that are openly guaranteed to keep the parasites in absolute power.
:eyes:

hadn't shot craps with everyone's finances, housing, retirement, or personal. And we haven't even gotten to downsizing and outsourcing our jobs.


SO where is our professional left with discussing this one? And why is there no demand that these leaches suck it in and cope?

I was thinking how we are always told to WORK HARD! (Dude, where's my job?),
SAVE MONEY!(How can I do that when wages are constantly being supressed?),VOTE!(getting to where I want to say, what difference does that make?)and GO TO COLLEGE!(See work hard and save money).
These asshats control the very lifeline the rest of us have been trained to depend on. We are absolutely powerless in affecting change for the better in this economy. But the ruling class still sings the same song......... :wtf:

Yes, indeed, exactly what I had in mind. The culture of class and entitlement, of starving millions and war for profit, the culture of ecocide for profit needs to die. But if we wait for it to die of natural cause it will take us and our environment down with it.

"Bailing out all the individuals" sounds a lot like socialism to me, we could all use a little slack.

"ecocide for profit needs to die"

x(

However, an unregulated industry which takes huge risks with other people's money and holds up the taxpayer when things don't work out is not my idea of a stable financial system.

Furthermore, there is something a bit shady about the argument that too-big-to-fail institutions make about needing to keep them in business so that those same taxpayers can have jobs when these same institutions are the ones that ship jobs overseas and continue to do so after the taxpayers fork over another bailout.

Too-big-to-fail banks and corporations are the dragon destroying crops in the countryside and demands a virgin so that he'll stop (which, of course, he doesn't until a hero comes along to slay him). We're running out of virgins, people; it's time to wake up.

there are plenty of crumbs to go round.

1789 and 1917.

Yeah - fuck these pieces of shit.

These bastards got away with their crimes. Still, the big banks are not lending.
:mad: