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]]> By: hoosierman http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163654 hoosierman Mon, 23 Mar 2009 14:35:43 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163654 “the greatest good for the greatest number.” Did the Jesuists credit Jeremy Benthem for this platitude? “the greatest good for the greatest number.” Did the Jesuists credit Jeremy Benthem for this platitude?

]]> By: LD http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163648 LD Mon, 23 Mar 2009 14:12:59 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163648 Mary Pat...thanks for the plug!! Mary Pat…thanks for the plug!!

]]> By: LD http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163610 LD Mon, 23 Mar 2009 11:54:06 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163610 Sushee...I am glad you enjoy the show and make the time and effort to download it. In regard to the Rolling Stone piece, I agree with the overall message but think it misses out on some key elements. For example, it singles out Phil Gramm on the deregulation. Robert Rubin, Alan Greenspan, and others were also deeply involved. It does not address the politicians who accepted the massive contributions from Wall Street to facilitate a lot of the activities. I think it is heavy on the conspiracy theory and less focused on the pure element of greed. Sushee…I am glad you enjoy the show and make the time and effort to download it.

In regard to the Rolling Stone piece, I agree with the overall message but think it misses out on some key elements. For example, it singles out Phil Gramm on the deregulation. Robert Rubin, Alan Greenspan, and others were also deeply involved.

It does not address the politicians who accepted the massive contributions from Wall Street to facilitate a lot of the activities.

I think it is heavy on the conspiracy theory and less focused on the pure element of greed.

]]> By: Mary Pat http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163558 Mary Pat Mon, 23 Mar 2009 08:21:03 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163558 The Jesuits are okey-doke in my book. They are an open-minded lot, and IMO, run some of the finest educational institutions in this country. I went to a Jesuit college, as did my husband and both of my daughters. Larry, you do Holy Cross proud--as does my younger daughter (Class of '05), if I do say so myself. As for that OTHER Holy Cross grad, Chris "thrill-up-my-leg" Matthews...well, every school has its share of losers. Notre Dame has a religion, but it isn't Catholicism. It's athletics. And they should be ashamed of themselves for inviting Barry (and TOTUS, of course) to be their commencement speaker(s). The Jesuits are okey-doke in my book. They are an open-minded lot, and IMO, run some of the finest educational institutions in this country. I went to a Jesuit college, as did my husband and both of my daughters. Larry, you do Holy Cross proud–as does my younger daughter (Class of ’05), if I do say so myself.

As for that OTHER Holy Cross grad, Chris “thrill-up-my-leg” Matthews…well, every school has its share of losers.

Notre Dame has a religion, but it isn’t Catholicism. It’s athletics. And they should be ashamed of themselves for inviting Barry (and TOTUS, of course) to be their commencement speaker(s).

]]> By: Sushee http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163460 Sushee Mon, 23 Mar 2009 04:44:29 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163460 Larry, Have you read this story about AIG at Rolling Stone? Do you think it is on target? http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1 Also, thank you again for your show and posts. I can't listen on Sunday nights but I download them. Larry,

Have you read this story about AIG at Rolling Stone? Do you think it is on target?

http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1

Also, thank you again for your show and posts. I can’t listen on Sunday nights but I download them.

]]> By: CG http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163310 CG Mon, 23 Mar 2009 01:10:29 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163310 I still think it is all too convoluted to pin solely on an administration's agenda. However that does not mean that I agree with Obama's budget proposal, not at all, and it is definitely questionable at this time to not show a great deal of restraint. And understand I was not pleased with the Bush budgets, or of his administration's oversight on the economy. My ML portfolio took a huge hit of over $500,000 under Bush, as I previously told you months ago via a comment in one of your posts, and yet my portfolio used a supposedly conservative, well-diversified, low risk strategy. I'd say the Bush group was doing a lot of blinking for it to have gotten so out of control. So seeing what was allowed to happen under Bush, what do you think was the result of his agenda, was it his agenda to allow this to happen? If we separate the ridiculous Obama budget, can we talk about how we manage to pay for the Bush deficit in the economic environment created under Bush, because at the moment that is what is financed by China and others? PS I realize $500,000 is peanuts to the fat cats out there; I feel I will never recover it and so I may as well have flushed it down the toilet. I understand that a lot of people made a lot of money under Bush and so I won't have their sympathies. Isn't that corporate responsibility speech of 2002 incredible? I still think it is all too convoluted to pin solely on an administration’s agenda. However that does not mean that I agree with Obama’s budget proposal, not at all, and it is definitely questionable at this time to not show a great deal of restraint. And understand I was not pleased with the Bush budgets, or of his administration’s oversight on the economy. My ML portfolio took a huge hit of over $500,000 under Bush, as I previously told you months ago via a comment in one of your posts, and yet my portfolio used a supposedly conservative, well-diversified, low risk strategy. I’d say the Bush group was doing a lot of blinking for it to have gotten so out of control. So seeing what was allowed to happen under Bush, what do you think was the result of his agenda, was it his agenda to allow this to happen? If we separate the ridiculous Obama budget, can we talk about how we manage to pay for the Bush deficit in the economic environment created under Bush, because at the moment that is what is financed by China and others? PS I realize $500,000 is peanuts to the fat cats out there; I feel I will never recover it and so I may as well have flushed it down the toilet. I understand that a lot of people made a lot of money under Bush and so I won’t have their sympathies. Isn’t that corporate responsibility speech of 2002 incredible?

]]> By: LD http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163250 LD Sun, 22 Mar 2009 23:18:17 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163250 All good stuff. Thanks for sharing those points. I am not stating that the bailout money is their sole reason, motivation, or validation for their program but I do think it is a BIG and CONVENIENT one. All good stuff. Thanks for sharing those points. I am not stating that the bailout money is their sole reason, motivation, or validation for their program but I do think it is a BIG and CONVENIENT one.

]]> By: CG http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163239 CG Sun, 22 Mar 2009 23:02:36 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163239 Interesting LD... I believe government has blinked far too long, maybe a little Visine to the rescue. The jury is out for me on this statement <blockquote> I firmly believe the Obama administration and our Democratic Congress view the capital provided to our financial institutions is an outstanding cover to allow them to promote and enact their very liberal, social agenda.</blockquote> partially because it's way more convoluted than that. Consider even one thing... the lobbyists and corporate campaign contributions to Democrats and Republicans through the different presidential administrations, and what about the bailout under Bush and the agendas of each administration? I didn't know that about Sweden and the Scandinavian countries, but knew and agree with you on China. Perpetual stuff happening... I don't remember who linked this in another NQ post, but I found this speech on corporate responsibility remarkable. http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B78BC1B28-6171-4DD8-B7D7-0C10F6577E88%7D&siteid=mktw BTW, I grew up in Santa Barbara, and was influenced by Jesuit teaching; and have given my daughters an education in an independent Sacred Heart school (a St. Madeleine Sophie Barat network school) whose goals I honor. Interesting LD… I believe government has blinked far too long, maybe a little Visine to the rescue. The jury is out for me on this statement
I firmly believe the Obama administration and our Democratic Congress view the capital provided to our financial institutions is an outstanding cover to allow them to promote and enact their very liberal, social agenda.

partially because it’s way more convoluted than that. Consider even one thing… the lobbyists and corporate campaign contributions to Democrats and Republicans through the different presidential administrations, and what about the bailout under Bush and the agendas of each administration? I didn’t know that about Sweden and the Scandinavian countries, but knew and agree with you on China. Perpetual stuff happening… I don’t remember who linked this in another NQ post, but I found this speech on corporate responsibility remarkable. http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B78BC1B28-6171-4DD8-B7D7-0C10F6577E88%7D&siteid=mktw
BTW, I grew up in Santa Barbara, and was influenced by Jesuit teaching; and have given my daughters an education in an independent Sacred Heart school (a St. Madeleine Sophie Barat network school) whose goals I honor.

]]> By: sunup http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163235 sunup Sun, 22 Mar 2009 22:53:31 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163235 My belief is if you don't have discipline and a high moral code to live by,your life is out of control. The "what's in it for me" is not a good policy for either private or public decision making. I don't see it as a religious issue, rather a life issue. My belief is if you don’t have discipline and a high moral code to live by,your life is out of control.
The “what’s in it for me” is not a good policy for either private or public decision making. I don’t see it as a religious issue, rather a life issue.

]]> By: LD http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163213 LD Sun, 22 Mar 2009 22:18:08 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163213 Well I think we may have some people concerned about the separation of church and state but if we had some of the Jesuit principles and especially the disciplined approach to logic and morality we may be better off. Well I think we may have some people concerned about the separation of church and state but if we had some of the Jesuit principles and especially the disciplined approach to logic and morality we may be better off.

]]> By: LD http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163212 LD Sun, 22 Mar 2009 22:15:24 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163212 I think this post was less about the Jesuits and more about our current financial situation. For the record, while ND may have some Jebbies, I am fairly certain it is founded and run by the Congregation of Holy Cross. Sorry you seemed to have such a bad experience. I think this post was less about the Jesuits and more about our current financial situation.

For the record, while ND may have some Jebbies, I am fairly certain it is founded and run by the Congregation of Holy Cross.

Sorry you seemed to have such a bad experience.

]]> By: Sonic Ninja Kitty http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163205 Sonic Ninja Kitty Sun, 22 Mar 2009 22:05:48 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163205 Very, very, very much agreed, Larry. I wish there were Jesuits in government. Very, very, very much agreed, Larry. I wish there were Jesuits in government.

]]> By: Ferd Berfle http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163202 Ferd Berfle Sun, 22 Mar 2009 21:48:44 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163202 So true. So true.

]]> By: cynic http://www.noquarterusa.net/blog/18422/financial-logic-and-morality/#comment-1163194 cynic Sun, 22 Mar 2009 21:31:52 +0000 http://www.noquarterusa.net/blog/?p=18422#comment-1163194 Cristian Right, meet the Christian Left. I attended an Episcopalian high school during the '60s. We were on very friendly terms with the our Jesuit taught friends across the street. Our chapels were always open to one another. Cristian Right, meet the Christian Left. I attended an Episcopalian high school during the ’60s. We were on very friendly terms with the our Jesuit taught friends across the street. Our chapels were always open to one another.

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