05-31-2019, 06:35 PM
(05-24-2019, 07:27 PM)John J. Xenakis Wrote: ** 23-May-2019 Gen-Xers and Boomers in Brexit and financial crisis[*]
John Wrote:> The continuing Brexit disaster is a perfect example of what
> happens when Gen-Xers are in charge of running things.
Xeraphim1 Wrote:> John, I've seen you make this statement before, but May, Leadsom
> and Corbyn are all boomers. The problem with Brexit is that even
> though Conservatives generally supported Leave, their MPs are
> still majority Remainers, including May, who don't really want to
> go. May was a bad selection from the start as her incompetence
> since has illustrated well.
> Previously you blamed the CMO crash on X-ers, characterizing the
> Boomers running the issuing firms as some kind of amiable dunces
> who couldn't understand what they were selling. I think you may
> need to revisit your assumptions.
As for the financial crisis, I've written probably hundreds of
articles on this subject in the last 15 years. Here's a brief
summary:
[*]Their Boomer bosses ... had no clue how they worked.
[*]However, the Boomer bosses should have known that they were
fraudulent, because they used slicing and dicing to transform
high-risk B and C rated securities into nominally equivalent AAA-rated
securities. The Boomer bosses should have known this was going on and
stopped it, but they were making too much money.
I've marked the only parts of your post that are correct.
Apparently you haven't read 4th Turning or forgot everything. The chapter about 3T tells a lot about the influence of Silents in the financial industry, who added risk to the economy.
Why exactly should the Xers be better, after being treated by three older generations like that? We don't owe you a motherfucking thing.