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#1 |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
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Well tw, given a blank canvas to work with you found virtually no fault with any of the democratic leadership. None whatsoever, in fact. If that is all you have to say, it says a great deal about how firmly entrenched in the left you are. I asked a specific question and you seem to have done nothing but turned it around again onto the right.
Its very telling that you said not one thing about congress.
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"like strapping a pillow on a bull in a china shop" Bullitt |
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#2 |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
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Agreed glatt, McCain has been feckless all last week.
Deregulation is excellent when done correctly, even other bank deregulation. The problem is that doing it correctly is difficult, especially when every little special interest is trying to get paid or to preserve their phoney baloney jobs. |
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#3 |
™
Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
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Sure, I understand the theory that a free market is best. And I agree with it in theory. It just seems like in practice, the end result is always that a couple of huge and powerful entities end up screwing everyone else. I don't like being screwed. I think a middle ground is needed.
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#4 |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
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[on rant] Bush lost all the debates to Kerry - They only take the main point from the typically BS question and go off on their own pre-prepared tangent stock answer anyway.
My type of "debate" would start with about 50 YES or NO only questions followed by, based upon their answers - HOW?, specifically! It seems that we are way too accepting of this farce of an election process. It's simply all a bunch of crap. They all lie and typically the better liar wins. Non of these people truly give a shit about you, me or anyone else other than those who can get them elected. The are only interested in getting more power, position and money. Another thought - maybe these guys could donate some of their campaign money towards the bailout. That would mean a hell of a lot more to me and show some real character and leadership than anything else they've been doing so far. [off rant]
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"like strapping a pillow on a bull in a china shop" Bullitt |
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#5 |
Touring the facilities
Join Date: Nov 2002
Location: The plains of Colorado
Posts: 3,476
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I've read a lot of rants on this board. Rarely to I find one that so adequately sums up the feelings I have. Thanks for posting that, Classic.
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#6 |
Are you knock-kneed?
Join Date: Jul 2008
Location: Middle Hoosierland
Posts: 3,549
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Supposedly the FBI is now investigating for fraud. I would like to see just once people get their just desserts for what happened. That would be a really long list.
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#8 | |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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An email I got
Quote:
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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#9 |
™
Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
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That's a funny e-mail, and it's probably a mistake to look at it seriously, but if you do, the major flaw is that the proposed banking bailout isn't so much a gift of free money as it is buying up a bunch of risky loans that actually have a fair chance of being paid off. Much of the $800 Billion (or whatever the figure is) stands a chance of coming back down the road. There's even a small chance that the government would eventually make money on the deal.
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#10 |
the crowd goes wild!
Join Date: May 2007
Location: USA
Posts: 663
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I love that email. I got it yesterday. Almost moved me to tears. Sad no one in power (or soon to be in power) have the brains, audacity, or balls to do something like this. Honestly, I'd be hesitant too. I don't trust the public to make the right choice. Hence, part of the mortgage problems we have. When >25% of homes in my neighborhood are empty because of foreclosures, I believe individuals and banks made a big mistake.
A friend of mine in an investment firm informed me most mortgages given were done because they were "forced" into it because they could not discriminate. That shaffs my ass. Whay can't a bank say no? It's a sad state of affairs when the liberals force businesses to do their bidding by threatening discrimination, then turn and blame the conservatives running the businesses who honestly do want to make a dollar for their effort. Now everyone is suffering. Thanks for nothing. Now where's my $297,500? :p
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"The pride system tends to intensify the self-hate against which it is supposed to be a defense, since any failure to live up to one's tyrannical shoulds or of the world to honor one's claims leads to feelings of worthlessness." Bernard J. Paris, Ph.D. |
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#11 | ||
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Quote:
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1- greedy people trying to make money by turning houses in the bubble, and 2- Greedy lenders talking people into predatory mortgages they didn't understand.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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#12 |
™
Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
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When we bought our house 11 years ago, our lender kept telling us (maybe 2-3 times) that with our credit, we really could borrow more money than we were asking for and that we could have more house. My wife and I both worked at the time. We were DINKs. But we knew that kids would probably be in the future and we wanted to be able to afford a house on just one income. So we politely declined the extra money on the table each time it was offered. Looking back, I realize the guy writing up the loan probably got a fee based on the size of the loan and he wanted to make the largest fee possible. He was supposedly working for us, but probably got paid more if he could talk us into a bigger loan. Stupid system.
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#13 | ||
Come on, cat.
Join Date: Nov 2003
Location: general vicinity of Philadelphia area
Posts: 7,013
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Quote:
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Crying won't help you, praying won't do you no good. |
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#14 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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Quote:
Stimulating the economy rather than addressing its problems was promoted by the George Jr administration. Create a robust economy by throwing money at it. Cheney said, "Reagan proved that deficits don't matter". Fannie and Freddie were only doing what their 'bosses' wanted. As a result, home priced were inflated by 20% to 40%. Need to promote sub-prime loans was so encouraged that NINJA became a new and acceptable standard. Nobody cared whether the applicant qualified. From the highest levels of government, we wanted more people buying homes. Yes, each sub-prime homeowner who could not afford his mortgage only has himself to blame. That does not, for one minute, exonerate anyone else of guilt. Irrelevant how dumb the mortgage applicants were. Those who were promoting mortgages to people who could not qualify are now seeking to blame anyone else. Those who pushed mortgages without first qualifying those applicants are also just as guilty of creating this national problem. Again, sub-prime mortgages were encouraged at the highest levels of the Federal government mostly in the past seven years. Sub-prime was even pushed on people who qualified for traditional mortgages. That is where this problem originated. |
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