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I'm not passing judgement. I'm just saying you're not entitled to other people's money. By the way when you say victims you should replace that with people who made bad decisions. The companies may have been after them to get them to sign up but by no means are the people who lost their homes 'victims'.
No. They're victims of fraud. It's funny you say you're not passing judgement then you say they're idiots (you cleaned up the way you've said it though in the past couple of posts, which is good), but still, you're judging.
When leading banks are placing bets against their mortgages, and continuing to tell their loan officers to accept loans from people with no money down and who are not credit worthy, it's fraud. They had more to gain from the insurance than the mortgages.
What bothers me most about you, is you, just like the media, has not pointed a single finger at the banks yet. It's sad you don't know who your real enemy is.
If you give a bum on the street a counterfeit 20, he goes and buys something with it and gets caught and arrested for it, is he a victim? I would say so. You'd probably say he made a "bad decision" by taking the money, but what you keep failing to admit, is there was an intent to profit and decieve by the banks.
What many people don't understand is that the subprime loans alone were not what brought the market down. There is a little known thing (thanks to corporate America keeping it under wraps) known as OTC derivatives. The subprime loans were the gun. The OTC's were the bullets.
The status of our nation and our planet are a result of MANY things. World population increasing as resources decline. Primative countries becoming industrialized, hence requiring a larger piece of the pie.
But until our nation learns one very basic concept, that we must be self sufficient, we will continue down this negative path we are on. We arent as "rich" as we think we are. We live on credit. We allow MILLIONS of jobs to go overseas, then we wonder why there are so many unemployed ppl in our country. We allow our wealth to gradually leave, one pair of Nike's at a time, and the only thing besides crops (which are dwindling) that we sell back is OUR LAND.
Actually, I think you're misinformed. This is all wall street talk you're speaking there. We are by far the most valueable producer on this planet. A pair of shoes can go ahead and try to be compared to a silicon waffer, or a boeing, or an oil rig, or who knows what other advanced stuff that we build here, that does require as many people, but more machines. We need to end the fed, stop the inflation, and we can make shoes too..... not sure why you would rathehr make shoes than a plane, but cool
Oh please, take the halo off, you aren't fooling anyone. I've read through the thread and you acted (act) like a typical 21 yr old know it all, except that you ALSO have the added attribute of having apparently majored in snooty, condescending and presumptuous comments about ppl you don't know.
If you're going to talk the way you do, don't get salty when you aren't greeted at teh door with milk & cookies.
No. Not even close. I never threw an attack against anyone here. I simply said you are paid what you are worth. How is that an insult? I respect a garbage man just as much as a cashier and just as much as a businessman. I have not been snooty I'm just pointing out the fact that no one is entitled to someone else's money.
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Let the registered dumocrats "opt in" on their IRS form this year to your government health scare plague, and go ahead and tax them for it.
AND
Let the Republicans "opt out" on their IRS forms and in doing so they can opt out of having their private insurance TAXED.
Use the taxes you already get from income to cover the uninsured and leave it at that!
Fair enough?
Honestly, you can pay for abortions and skip mamograms etc..for...'them'.
When leading banks are placing bets against their mortgages, and continuing to tell their loan officers to accept loans from people with no money down and who are not credit worthy, it's fraud. They had more to gain from the insurance than the mortgages.
If you give a bum on the street a counterfeit 20, he goes and buys something with it and gets caught and arrested for it, is he a victim? I would say so. You'd probably say he made a "bad decision" by taking the money, but what you keep failing to admit, is there was an intent to profit and decieve by the banks.
The subprime loans were the gun. The OTC's were the bullets.
The status of our nation and our planet are a result of MANY things.
World population increasing as resources decline.
Primative countries becoming industrialized, hence requiring a larger piece of the pie.
We arent as "rich" as we think we are. We live on credit. We allow MILLIONS of jobs to go overseas, then we wonder why there are so many unemployed ppl in our country.
We allow our wealth to gradually leave, one pair of Nike's at a time, and the only thing besides crops (which are dwindling) that we sell back is OUR LAND.
If you're going to talk the way you do, don't get salty when you aren't greeted at teh door with milk & cookies.