7 Feb
2013
7 Feb
'13
11:54 p.m.
Putting the cart before the horse. Obviously banks were more or less FORCED into delving
out loans to those who couldn't pay them back. But if the do good granny state
LIBERALS would have stayed out of the business of deciding who should own their own home
(that would be everyone), things wouldn't be anywhere near as messy as they are. An
add to the mix an administration who is running ads in Mehico explaining how people can
get food stamps and whatnot once they get here. Can you say, anyone, high crimes and
misdemeanors? Too difficult? How's about TREASON!!!
Yes the banks and the suits and the boogeyman are culpable. But I'll repeat if they
were left alone and allowed to do what they're supposed to do and not dole out risky
loans, we wouldn't be here. If you haven't done research into the root causes of
this crisis, you just don't want to know.
------------------------------
On Thu, Feb 7, 2013 3:54 PM PST Chuck Guzis wrote:
On 02/07/2013 02:16 PM, Jim Stephens wrote:
I don't think the drift of the conversation
to condemning banking people
will play well with some fine list members. I certainly think where the
execution of bad management and risky practices at some banks is
certainly fair game, I don't think the condemnation of "bankers" is the
same as the bean counters which were the original topic.
So you maintain that the banks had absolutely nothing to do with the current recession or
LIBOR manipulation games? In particular, the large investment banks aren't
responsible for any of it?
Oh, okay. Suum cuique.
--Chuck
8 Feb
8 Feb
12:15 a.m.
On 2/7/2013 8:54 PM, Chris Tofu wrote:
An add to the mix an administration who is running ads in Mehico explaining how people
can get food stamps and whatnot once they get here. Can you say, anyone, high crimes and
misdemeanors? Too difficult? How's about TREASON!!!
[Citation needed.]
7:54 a.m.
On Thu, 7 Feb 2013, Chris Tofu wrote:
Putting the cart before the horse. Obviously banks
were more or less
FORCED into delving out loans to those who couldn't pay them back. But
if the do good granny state LIBERALS would have stayed out of the
business of deciding who should own their own home (that would be
everyone), things wouldn't be anywhere near as messy as they are.
Sorry, I normally stay out of political flame-wars, but cannot let this go
by without a rebuttal. Simply put: Check your facts with an authority
other than Fox News before repeating this tired, right-wing rhetoric.
There is a small kernel of truth in that Fannie-Mae and Freddie-Mac were
under pressure to get more loans into under-served areas. However, the
vast majority of shenanigans took place in the private sector which needed
no impetus other than greed to throw underwriting guidelines overboard.
The total default exposure from Fannie and Freddie as a result of
congressional push was a tiny fraction of what such great American icons
as Nationwide Finance ran up with no other push than desire for executive
bonus.
to the mix an administration who is running ads in
Mehico explaining how
people can get food stamps and whatnot once they get here. Can you say,
anyone, high crimes and misdemeanors? Too difficult? How's about
TREASON!!! Yes the banks and the suits and the boogeyman are culpable.
But I'll repeat if they were left alone and allowed to do what they're
supposed to do and not dole out risky loans, we wouldn't be here.
Left completely to their own devices, Wall Street would have tanked the
world economy out of nothing more than sheer, unadulterated greed. If
your much-hated Gub'mint hadn't backed up their malfeasance with billions
of dollars of taxpayer money, the ensuing crash would have given the Great
Depression competition for extremes of misery. And, guess what? The same
forces that brought you the great recession are fighting tooth and nail to
gut any semblance of regulation so they CAN DO IT ALL OVER AGAIN!
If you haven't done research into the root causes
of this crisis, you
just don't want to know.
My friend, I have done my research. If you used sources other than Rush
Limbaugh, Glenn Beck and the Murdock media empire you'd not be so quick to
buy into and spout this nonsense.
--
6 p.m.
On 02/07/2013 11:54 PM, Chris Tofu wrote:
Putting the cart before the horse. Obviously banks were more or less FORCED into delving
out loans to those who couldn't pay them back.
Oh wow man, please, whatever you're smoking, you gotta share it with
everyone else - you're hitting it too hard.
6:15 p.m.
On 2/8/2013 3:00 PM, Ray Arachelian wrote:
On 02/07/2013 11:54 PM, Chris Tofu wrote:
Please, no. I find it funny that such noise is generated by one who
seems critical of "suits" or whatever. If a coherent message is there
I'm missing it. This is a brain on faux news too much of the time from
other postings.
Again why the plonk was applied though the lid came off the sewer and
some of the bile oozed out into the open in this case.
Just because there are a lot of old farts and others with old computers
don't mean that paranoid ranting will fall on a receptive audience. At
lease it the thread relates to putting down an entire class of other
workers, and companies it would be nice if there were some amount of
fact, but that is lacking here.
Putting the cart before the horse. Obviously
banks were more or less FORCED into delving out loans to those who couldn't pay them
back.
Oh wow man, please, whatever you're smoking, you gotta share it with
everyone else - you're hitting it too hard.
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