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tell that to you keynesian buddy bernanke... he's the one dumping trillions of worthless paper on the rest of us... he's the one bailing out the guys who took all the risks...
Ironically Rick and his cheerleaders unwittingly typify the very tendency that got us all into this mess - they're exceedingly well-versed in protecting the finances of individuals, but near illiterate about the effects on the wider economy. Or to put it another way, go and read some Keynes.
Well if they're a collection they by definition are linked to each other. Which is why one set of people's cr@p mortgages affect other people. Which then begins to look suspiciously like a wider economy.
hey jensen you stupid fuck, if you ever followed Rick Santelli, he wanted all banks who took enormous risk scooping up MBS during the boom times to fail.
You people know nothing about everything. It's rather amazing. People like to connect conservatives to Bush, but Bush wasn't a conservative, he was statist, and many of us have been very critical of him for years. "He was loving Bush last year". What a joke. Like any of you have any knowledge about Santelli's political leanings, etc. Santelli is the man. I really like the guy. He always has something bright to say.
so if people loose there jobs and cant pay there bills there loosers? no, greedy bankers,insurance companys ARE LOOSERS not the people.thats why we have foreclosure laws.deregulation of these greedy bastards buying each other off.
No. They may be great people personally, but financially they are losers. Why should working class and middle class families have to pay to bail out people who made bad financial decisions?
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he's the one dumping trillions of worthless paper on the rest of us...
he's the one bailing out the guys who took all the risks...