The Housing Boom and Bust
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Uploader Comments (pinegrove33)
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Sowell is the man, modern day Jefferson.
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In banking the big fish has the power to eat the little fish even if the big fish was mainly guilty of creating the dynamics of a financial vacuum.
Fishes in the bowl drinking all the water springs to mind.
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I heard on english television just the otherday that an american bank is thinking of suing some english ones who got fucked in the mortage for idiots scam..I cannot think of who used who in that episode exactly but;the news was saying that if these english banks and building societies got pounded,the cost would be put against the TAXPAYER!
Great i am paying for shares in a priuvate bank where i get no benefits of being a share holder while i save money!
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I'm looking at getting a second home,but i expect i won't be living in it either because where i work is 250 miles away(home is where the work is).
I could get a mortgage for a bit extra but it 3would give me such a guilt complex as if i was sponsoring the problem.I feel the same way about trying to get a driving licence when i hate petrol.
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Love the debates with Sowell and Friedman .... they are like the economics 'dream team' ...unbeatable in their debates.
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But Bern! Their intentions were good. Surely it doesn't matter how much damage was caused as long as their intentions are good. (lol)
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Yeah I read that part about that Eisman guy in there becoming a leftist and all...at that point I was definately second guessing a lot of what I was reading. Leftist's don't care about truth, just their emotional state like you stated above.
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I purchased that book a while back but never read it, not that I needed any convincing.
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Thats what government is supposed to do keep the sheep in line!
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Sir! I must disagree with you here!
You say government does NOTHING well?
Government EXCELS at controlling people!
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It's really sad that people like Dr. Sowell and Walter Williams are branded "uncle toms" because they don't subscribe to the welfare plantation mentality liberals have created for blacks in America.
pretorious700 5 months ago 11
@pretorious700 yep, or they ignore them altogether
pinegrove33 5 months ago 2
Up next, the college loan bubble. Stay tuned!
Dirge987 5 months ago 5
@Dirge987 you're right, i feel very sorry for the kids who go broke with loans and there's a lot of them
pinegrove33 5 months ago
I'll check it out. I just started reading The Big Short by Michael Lewis, seems good so far, but a lot of it is hard to understand, I know very little about investing/finance.
cdubMRA 5 months ago
@cdubMRA i put that book down, that guy's a leftist and those traders he interviewed were clueless, no emphasis on GOV in that book, the one guy in there became a leftist after his kid died--standard! it's all about their emotional state
pinegrove33 5 months ago