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whereisjustice

(2,941 posts)
Sun Dec 20, 2015, 02:19 PM Dec 2015

It's 3 AM, who do you trust when the phone call comes in?

"Mr/Madam President..."

"Yes, what is it?"

"Goldman is unwinding... there's a run on their stock, they are $430 billion underwater"

"What about Blankfein?"

"We don't know, he was last seen in St. Croix on his yacht."

"What are our options?"

"We can take the bank into receivership, dismiss the executive staff and begin an investigation, or bail them out with tax credits and cuts to social programs and jobs. The first option would hurt Goldman's executives and investors and involves great political risk to Congressional campaigns. The second option distributes the pain across the middle class and below who have no real power to object."

"Understood. Here's my decision..."


Who do you trust to do the right thing?

Easy.

Bernie would do the right thing. Hillary would do the wrong thing.
11 replies = new reply since forum marked as read
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It's 3 AM, who do you trust when the phone call comes in? (Original Post) whereisjustice Dec 2015 OP
What's right is what's good for those who support me (eom) HassleCat Dec 2015 #1
You can't go wrong doing what's right. notadmblnd Dec 2015 #3
Hillary said supporting brutal dictators is sometimes the right thing. Kalidurga Dec 2015 #2
How is there a run on the stocks when the market is closed? Travis_0004 Dec 2015 #4
Futures? Besides, when everybody expects there to be a run, that is the same as a run. JonLeibowitz Dec 2015 #6
Senator McCain and I...oh, wait, wrong primary. merrily Dec 2015 #5
Yep. Great post. PatrickforO Dec 2015 #7
Oh yes. That phone call. Betty Karlson Dec 2015 #8
Is it a landline or a cell phone? Blue_Adept Dec 2015 #9
But when it comes to bombing random people on the other side of the globe, mhatrw Dec 2015 #10
I would rather have Bernie. bigwillq Dec 2015 #11

Kalidurga

(14,177 posts)
2. Hillary said supporting brutal dictators is sometimes the right thing.
Sun Dec 20, 2015, 02:29 PM
Dec 2015

And that was just the foreign ones not the 1% that are strangling the economy in this country.

JonLeibowitz

(6,282 posts)
6. Futures? Besides, when everybody expects there to be a run, that is the same as a run.
Sun Dec 20, 2015, 02:41 PM
Dec 2015

It's related to the efficient market hypothesis.

It's why there was a scramble over that weekend to save institutions in 2008, when the market was closed. For reference, see Andrew Ross Sorkin's book "Too Big to Fail".

 

Betty Karlson

(7,231 posts)
8. Oh yes. That phone call.
Sun Dec 20, 2015, 02:58 PM
Dec 2015

And that call could only be made under the veil of darkness - some things don't brook daylight.

mhatrw

(10,786 posts)
10. But when it comes to bombing random people on the other side of the globe,
Sun Dec 20, 2015, 03:02 PM
Dec 2015

Hillary will not think twice!

And that's what makes a candidate "Presidential." Right?

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