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Author Topic: American Airlines files Chapter 11 Bankruptcy  (Read 12039 times)

Offline JumboShrimp

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  • Posts: 8245
Re: American Airlines files Chapter 11 Bankruptcy
« Reply #80 on: March 08, 2012, 02:35:32 AM »
We are protesting the banks % state's earlier decisions that lead to them being screwed.


Removing limits for example, enabling banks to give loans with too high risks.

There are no limits to risky loans.  But there are some capital requirements for banks.

Capitalism to it's extent at the moment won't simply work and a good indication of that is the constant bankruptcies.

Bankrutcies are part of healthy economy.  There were no bankruptcies in Soviet Union, until the whole system collapsed.

Don't confuse "capitalism" with a system where companies (Banks, General Motors) get bailed out by the government.  Soviet Union bailed out every failing company.

Simply put, everyone should start realising, if you have 100€ and take a loan of 20€ to loan someone 120€ with a good fee, it just won't work. When you loose the 120€ and the fee, you can't pay the 20€ and the guy who loaned you 20€ gets screwed and most likely he borrowed 40€ to borrow 20€ for you and another guy and the guy he borrowed it from also gets screwed. It goes on and on and on and. You shouldn't ever be able to take a loan to loan someone something. You do that and everything slowly collapses.

See "capital requirements" and "bankruptcies" above

And the euro is basically gone already. Anyone who studies currencies can tell you that reviving the euro will just make the hit harded the next time and harder and harder and harder. The problem is you need to keep convincing everyone the euro will revive 'cause that helps the euro reviving. It affects the markets for example.

You may have a point there

And of course there are some sides in the whole mouse and cat game who only gain things from the euro's current state. Germany for example.

Can you explain what you consider to be the current state of Euro and how Germany benefits from it?  All I see are losses for Germany:
- loss of D Mark
- credit worthinness (even thugh Germany has not been downgraded - yet)
- Germany's cost of bailout
- losses by banks some of which are German

Offline swiftus27

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  • Posts: 4576
Re: American Airlines files Chapter 11 Bankruptcy
« Reply #81 on: March 10, 2012, 12:13:12 AM »
You mean you understood it?  I didn't.

I was probably baked.


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