rushmc 23
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kallend 2,027
Would you like to rewrite that in English. Thank you in advance.
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The only sure way to survive a canopy collision is not to have one.
The only sure way to survive a canopy collision is not to have one.
Darius11 12
Here is what you said.
It seems you need a reminder.
Either you do not think before you speak or you are clueless about history.
Why did we invade Iraq again? Did they attack us? How many Americans did those Iraqis Kill?
The very core of America is an Idea, and it is the idea of America and the philosophy that drives every thing we do.
Again here is what you stated
Do you even read what you write?
That too me sounds your generlizing.
QuoteTrue Americans don't believe in killing others for different viewpoints.
It seems you need a reminder.
Either you do not think before you speak or you are clueless about history.
Why did we invade Iraq again? Did they attack us? How many Americans did those Iraqis Kill?
The very core of America is an Idea, and it is the idea of America and the philosophy that drives every thing we do.
QuoteYou claimed I generalized based on the actions of a single person. I merely point out that this is false.
Again here is what you stated
QuoteThat's the Iranian in you talking. Death penalty for incompetence?
QuoteNo American would suggest it.
Do you even read what you write?
That too me sounds your generlizing.
I'd rather be hated for who I am, than loved for who I am not." - Kurt Cobain
Darius11 12
QuoteIncorrect - none of the above would have happened without people taking those loans. You don't have a market without customers.
Mike you do realize that it was not the people who signed the loans that resold those loans over and over again right?
You do realize that these were systems particularly set up by the banks and bankers so they can make more money ?
I have no issue if they want to take more risk and make more money, however the problem occurs when its our money. The problem occurs when the mismanagement is on such a level that it effects all aspects of the economy. Even business and people that had nothing to do with any loans or any of this have suffered.
Do you not see anything wrong with paying for someone else’s mistake?
I find it odd that the same crowd who doesn’t want to pay for their fellow citizens chimo if they don’t have the money have no issue paying for a CEOs Jet. What planet am I on again?
I'd rather be hated for who I am, than loved for who I am not." - Kurt Cobain
Quote
The bubble was engineered by the financial sector for its own benefit. The homebuyers were victims, and now we taxpayers are victims too.
The financial sector did not force home buyers to overbid like mad, driving up home prices. Home buyers collectively played a big part in this problem. The victims in all this are the renters who refused to take out irresponsible loans.
billvon 2,994
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>I suppose you also blame the passengers when an airliner crashes.
Well, if it was a Skyvan, and it crashed because all the skydivers crammed themselves onto the ramp on exit, then yes, you could blame the passengers to some degree. You could also blame the pilot for slowing to jump run speeds before exit, I suppose.
If no one had taken out bad loans the subprime crisis wouldn't have happened. If no one had offered bad loans the subprime crisis wouldn't have happened. There's plenty of blame to go around.
>The bubble was engineered by the financial sector for its own benefit.
>The homebuyers were victims . . .
That's true to some degree. It would also be just as true to say that homeowners abused the subprime loan system for their own benefit, and the companies that offered them were victims of the homeowner's greed, foolishness and bad judgment (since many did in fact go bankrupt.)
Well, if it was a Skyvan, and it crashed because all the skydivers crammed themselves onto the ramp on exit, then yes, you could blame the passengers to some degree. You could also blame the pilot for slowing to jump run speeds before exit, I suppose.
If no one had taken out bad loans the subprime crisis wouldn't have happened. If no one had offered bad loans the subprime crisis wouldn't have happened. There's plenty of blame to go around.
>The bubble was engineered by the financial sector for its own benefit.
>The homebuyers were victims . . .
That's true to some degree. It would also be just as true to say that homeowners abused the subprime loan system for their own benefit, and the companies that offered them were victims of the homeowner's greed, foolishness and bad judgment (since many did in fact go bankrupt.)
Quote
Either you do not think before you speak or you are clueless about history.
Why did we invade Iraq again? Did they attack us? How many Americans did those Iraqis Kill?
The clueless talking about the clueless?
We invaded Iraq in response to them invading Kuwait and threatening Saudi Arabia. Bush did not do much beyond repelling Saddam because Vietnam was still too fresh in our minds. So instead there was an incomplete surrender where Saddam attempted to rebuild his power, and continued to fund terrorism in Israel. 9/11 gave the next Bush the political capital to return to finish the job. But mind you, Saddam caused his destiny by acts of war, not because he had different viewpoints.
This is of course complete irrelevant to your ridiculous notion of shooting bankers. Now if they were only slightly incompetent, should we chop off their right hand? And you still have utterly failed to actually same specific actions by specific people that warrant any such action. Right now you're merely an angry lynch mob that needs to be satisfied on an emotional level.
QuoteQuote
The bubble was engineered by the financial sector for its own benefit. The homebuyers were victims, and now we taxpayers are victims too.
The financial sector did not force home buyers to overbid like mad, driving up home prices. Home buyers collectively played a big part in this problem. The victims in all this are the renters who refused to take out irresponsible loans.
I think it was a combination of things. Greed has a counterpoint - fear. People are less likely to take risks to satisfy their greed when there is fear of something bad happening, and the corollary, they are more likely to take risks when there is little or no fear involved in their decisions. With the government-backed GSEs buying up all the risky mortgages & the Fed enabling them to do so with cheap credit, it all but removed any fear the banks had of negative consequences.
Gotta love those policies - Private profits, public losses. Even if you don't consider the pressure from the CRA to make risky loans (or else face lawsuits, ie. Buycks-Roberson v. Citibank Fed. Sav. Bank) , what motive would they have had to refrain from making risky loans?
There are a few things I still don't get.
1, The myth that the Fed has any interest in fighting inflation, when it's designed to do exactly the opposite, It's not only done a shitty job of controlling inflation, it's turned it into an art form.
2. The concept of the "elastic" money supply. Elastic things stretch, and eventually return to their original state. I think the proper term would be a "ductile" money supply.
3. The idea the increased regulatory power brings with it increased knowledge. Ben Bernanke says that if the Fed had more regulatory power that they could have done something about the situation, yet they were all but oblivious to the situation until it was already upon us. He' still running around telling everyone that the Fed had nothing to do with it. If he isn't capable of seeing the problem now, what good is giving him more power going to do?
mnealtx 0
QuoteQuoteQuote
Which act of Congress forced people to sign loans they couldn't afford?
Non sequitur.
Incorrect - none of the above would have happened without people taking those loans. You don't have a market without customers.
I suppose you also blame the passengers when an airliner crashes. No passengers, no airline, right?
The bubble was engineered by the financial sector for its own benefit. The homebuyers were victims, and now we taxpayers are victims too.
And there would have been no 'bubble' without the demand to begin with - we can argue causes and effects all day, but without the demand, there's no need for supply.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706
I love you, Shannon and Jim.
POPS 9708 , SCR 14706
mattaman 0
Your not even close to starting down the path. Its not money, its paper. We've scratched our heads and wondered how the natives traded away their nations for trinkets and beads. We've done it for paper, overeating, and tv. R U ready to leave maya yet
Those stuck in maya, seek to be seen.
Bolas 5
QuoteI think it was a combination of things. Greed has a counterpoint - fear. People are less likely to take risks to satisfy their greed when there is fear of something bad happening, and the corollary, they are more likely to take risks when there is little or no fear involved in their decisions. With the government-backed GSEs buying up all the risky mortgages & the Fed enabling them to do so with cheap credit, it all but removed any fear the banks had of negative consequences.
Fear can also causes people to think less long term and more in the moment. Particularly if that fear is of something else.
"I better get and enjoy the big house now as terrorists could kill me tomorrow."
Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.
If ya can't be good, look good, if that fails, make 'em laugh.
Bolas 5
QuoteYour not even close to starting down the path. Its not money, its paper. We've scratched our heads and wondered how the natives traded away their nations for trinkets and beads. We've done it for paper, overeating, and tv. R U ready to leave maya yet
It's not even paper anymore, it's just data bits...
Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.
If ya can't be good, look good, if that fails, make 'em laugh.
kallend 2,027
QuoteQuoteQuoteQuote
Which act of Congress forced people to sign loans they couldn't afford?
Non sequitur.
Incorrect - none of the above would have happened without people taking those loans. You don't have a market without customers.
I suppose you also blame the passengers when an airliner crashes. No passengers, no airline, right?
The bubble was engineered by the financial sector for its own benefit. The homebuyers were victims, and now we taxpayers are victims too.
And there would have been no 'bubble' without the demand to begin with - we can argue causes and effects all day, but without the demand, there's no need for supply.
I suppose you've never heard of "Marketing".
Demand can be engineered, and marketers have got pretty damn good at it.
...
The only sure way to survive a canopy collision is not to have one.
The only sure way to survive a canopy collision is not to have one.
mnealtx 0
QuoteQuoteQuoteQuoteQuote
Which act of Congress forced people to sign loans they couldn't afford?
Non sequitur.
Incorrect - none of the above would have happened without people taking those loans. You don't have a market without customers.
I suppose you also blame the passengers when an airliner crashes. No passengers, no airline, right?
The bubble was engineered by the financial sector for its own benefit. The homebuyers were victims, and now we taxpayers are victims too.
And there would have been no 'bubble' without the demand to begin with - we can argue causes and effects all day, but without the demand, there's no need for supply.
I suppose you've never heard of "Marketing".
Demand can be engineered, and marketers have got pretty damn good at it.
Yes, I've heard of it, thanks - but tell me - what's the root of that word, again?
Demand can be engineered, yes - look at the iphone. That doesn't mean there wasn't a market BEFORE marketing pushed it.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706
I love you, Shannon and Jim.
POPS 9708 , SCR 14706
rehmwa 2
QuoteDemand can be engineered, yes - look at the iphone. That doesn't mean there wasn't a market BEFORE marketing pushed it.
I don't see why all this bickering about the loan makers and the loan takers being irresponsible is pertinent
A terrible lack of judgment by the government created law that set up the whole mess - and we're bickering why the banks and the people greedily (tried to) took advantage of it?
put the blame on the square marked "go"
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Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants
mnealtx 0
QuoteQuoteDemand can be engineered, yes - look at the iphone. That doesn't mean there wasn't a market BEFORE marketing pushed it.
I don't see why all this bickering about the loan makers and the loan takers being irresponsible is pertinent
A terrible lack of judgment by the government created law that set up the whole mess - and we're bickering why the banks and the people greedily (tried to) took advantage of it?
put the blame on the square marked "go"
Because it's a three legged stool - the law, the lenders and the buyers. Take any of the three away and it wouldn't have happened.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706
I love you, Shannon and Jim.
POPS 9708 , SCR 14706
billvon 2,994
>A terrible lack of judgment by the government . . .
I knew we were overlooking someone to blame.
Anyone else have a good group to add? The Muslims? The 9/11 coverer-uppers? Al Gore? Skyride?
I knew we were overlooking someone to blame.
Anyone else have a good group to add? The Muslims? The 9/11 coverer-uppers? Al Gore? Skyride?
kallend 2,027
QuoteQuoteQuoteDemand can be engineered, yes - look at the iphone. That doesn't mean there wasn't a market BEFORE marketing pushed it.
I don't see why all this bickering about the loan makers and the loan takers being irresponsible is pertinent
A terrible lack of judgment by the government created law that set up the whole mess - and we're bickering why the banks and the people greedily (tried to) took advantage of it?
put the blame on the square marked "go"
Because it's a three legged stool - the law, the lenders and the buyers. Take any of the three away and it wouldn't have happened.
Mortgage defaults have occurred ever since mortgages were invented, without crashing the economy. The borrowers didn't design and build the house of cards, nor did the government. The financial wizards of Wall St. did that.
...
The only sure way to survive a canopy collision is not to have one.
The only sure way to survive a canopy collision is not to have one.
mpohl 1
And here I ask you: Why are not more people outraged at Pat Robertson or Rush Limbaugh comments' regarding Haiti?
Same answer! Everybody is too busy fighting for survival, and decency goes by the wayside.
The US is next in-line of failed states and societies, imho. We certainly have the majority of the world's share in Public Nuts.
QuoteIs it just me, but after hearing about yet another Wall street bank bonus my mind went to red. This is directly the result of our tax money that was given to them, oh that's the same money they pay no interest on but charge me and you 30%.
Where are the mobs of people? I surprised that there is not thousands of people on wall street with their guns and signs that say " take the bonus we will take your lives".
Maybe i am more violent then most but i am blown away that we are just grabbing our ankles and saying thank you cum again.
Bolas 5
QuoteQuoteQuoteQuoteDemand can be engineered, yes - look at the iphone. That doesn't mean there wasn't a market BEFORE marketing pushed it.
I don't see why all this bickering about the loan makers and the loan takers being irresponsible is pertinent
A terrible lack of judgment by the government created law that set up the whole mess - and we're bickering why the banks and the people greedily (tried to) took advantage of it?
put the blame on the square marked "go"
Because it's a three legged stool - the law, the lenders and the buyers. Take any of the three away and it wouldn't have happened.
Mortgage defaults have occurred ever since mortgages were invented, without crashing the economy. The borrowers didn't design and build the house of cards, nor did the government. The financial wizards of Wall St. did that.
The government just told them they'd cover any and all losses as they've done for big companies for years as these companies have extremely powerful lobbies. I'll admit the line between big business and big government has always been blury, moreso now.
When you remove part of the risk of a risky decision, more risk is taken. The more removed, the more risk one takes.
Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.
If ya can't be good, look good, if that fails, make 'em laugh.
Now you are into invention????
I didnt say Joe P invented anything.
I addresses WHO invented them. YOU just refuse to understand WHY those tool were invented and who ultimately has to SHARE the blame
But liberals like you have to have an evil business to demonize. If you dont the blame goes where is belong , towards the bigger the better gov you love.
And that leaves you with squat
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
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