Bob Chapman
Recent Activity
Bob Chapman commented on The Growing Income Gap on January 18, 2008, 4:51 PM
Perhaps this is why Mr. Buffet gave billions to Gates' philanthropic organization? Mr. Patrick needs to read about how such billionaires are funding public works projects around the world. This was once done by governments.
Bob Chapman commented on A History Lesson for Business on January 18, 2008, 4:44 PM
It's tragic that this man and the institution he represents - finance - has been short sighted and selfish...even sophist. I'd rather see him and his colleagues act like the very people he praises. Of course, this would require a massive pay cut for him and his colleagues, and perhaps a Hippocratic oath similar to what physicians abide by. No, what comes out of Mr. Hormat's mouth is pablum and doublespeak.
Bob Chapman commented on The Growing Income Gap on January 18, 2008, 11:51 AM
Perhaps this is why Mr. Buffet gave billions to Gates' philanthropic organization? Mr. Patrick needs to read about how such billionaires are funding public works projects around the world. This was once done by governments.
Bob Chapman commented on A History Lesson for Business on January 18, 2008, 11:44 AM
It's tragic that this man and the institution he represents - finance - has been short sighted and selfish...even sophist. I'd rather see him and his colleagues act like the very people he praises. Of course, this would require a massive pay cut for him and his colleagues, and perhaps a Hippocratic oath similar to what physicians abide by. No, what comes out of Mr. Hormat's mouth is pablum and doublespeak.
Bob Chapman commented on What is the reasoning behind Bush's fiscal stimulus? The Downside? The Upside? on January 18, 2008, 4:57 PM
Home prices doubled nationally since 2001, while incomes increased 15%. When home prices drop 40-50%, maybe we'll be ok. But the "new" rules will be like the old rules - buyers will need 10-20% in cash for a down payment. This amount of money takes time to accumulate. We're now between a rock and a hard place. Only home sellers can get us moving forward, but alas, they can't lower their asking prices. They refinanced and lived of their homes "increasing equity".