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jesterab
Advanced Cheater
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Joined: 24 Feb 2007
Posts: 62
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 Posted: Sat Jan 17, 2009 8:00 pm Post subject: |
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| averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | The U.S is only headed this way b/c Obama was elected. Most of the *bail out* money was wasted on pointless crap liek special bonuses fro CEOs. |
You are aware that Obama is not even in office yet, right?
Also, I'm against the bail-outs however did you even bother to read them? CEO's were forced to take a cut in pay, although that's not the reason why the bail-outs won't work. They won't work because the money is being spent to consolidate the companies properties and NOT to hire more people.
Christ, even still none of that changes the fact that the United States is begining to conform to a more socalist policy. The only reason why their ideology has changed is because the rich rapidly became poor, and for some reason that's what it took for us to wake the fuck up. The very reason why the rich became poor is because greedy mother fuckers lent money to people KNOWING they would not be able to pay it back. Our economy's prime motivator is the very same poison rendering apart our economy. Now GTFO, you evidently ignorant asshole. |
Psh. The bail out was filled with little goodies for CEOs such as lavish hotel retreats. The reason the U.S got in to this situation was that government lent money to a bad bank. If the U.S was pure capitalism that loan wouldn't of happened and that bank of went out of business without causing such a failure. |
Coming from the mortgage industry (I owned a titles insurance company) I'd like to call you out and tell you your full of shit. It wasn't a "bad bank" as you so ignorantly put it. It was private lenders that saw the 2-28 loan as exploitable. Then soon enough all the Mortgage companies in the country started pulling this scam. You've got American home mortgage and other companies like them to blame for this implosion.
Does your argument even have a point? You essentailly said "Mortgage crisis happened and pure capitalism doesn't work, therefore socalism doesn't work."
Look, I'm willing to accept that capitalism works, if you idiots stop going around saying its the only option.
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AverageAzn247
Grandmaster Cheater
 Reputation: 34
Joined: 01 Oct 2007
Posts: 909
Location: Austin,TX with 72 virgins
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| Posted: Sun Jan 18, 2009 4:06 pm Post subject: |
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| jesterab wrote: | | averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | The U.S is only headed this way b/c Obama was elected. Most of the *bail out* money was wasted on pointless crap liek special bonuses fro CEOs. |
You are aware that Obama is not even in office yet, right?
Also, I'm against the bail-outs however did you even bother to read them? CEO's were forced to take a cut in pay, although that's not the reason why the bail-outs won't work. They won't work because the money is being spent to consolidate the companies properties and NOT to hire more people.
Christ, even still none of that changes the fact that the United States is begining to conform to a more socalist policy. The only reason why their ideology has changed is because the rich rapidly became poor, and for some reason that's what it took for us to wake the fuck up. The very reason why the rich became poor is because greedy mother fuckers lent money to people KNOWING they would not be able to pay it back. Our economy's prime motivator is the very same poison rendering apart our economy. Now GTFO, you evidently ignorant asshole. |
Psh. The bail out was filled with little goodies for CEOs such as lavish hotel retreats. The reason the U.S got in to this situation was that government lent money to a bad bank. If the U.S was pure capitalism that loan wouldn't of happened and that bank of went out of business without causing such a failure. |
Coming from the mortgage industry (I owned a titles insurance company) I'd like to call you out and tell you your full of shit. It wasn't a "bad bank" as you so ignorantly put it. It was private lenders that saw the 2-28 loan as exploitable. Then soon enough all the Mortgage companies in the country started pulling this scam. You've got American home mortgage and other companies like them to blame for this implosion.
Does your argument even have a point? You essentailly said "Mortgage crisis happened and pure capitalism doesn't work, therefore socalism doesn't work."
Look, I'm willing to accept that capitalism works, if you idiots stop going around saying its the only option. |
It was a bad bank that gave loans out to people who could not afford them
_________________
| Waxxup wrote: | What are Night Elves?
A girl group? |
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jesterab
Advanced Cheater
![]() Reputation: 0
Joined: 24 Feb 2007
Posts: 62
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| Posted: Sun Jan 18, 2009 4:59 pm Post subject: |
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| averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | The U.S is only headed this way b/c Obama was elected. Most of the *bail out* money was wasted on pointless crap liek special bonuses fro CEOs. |
You are aware that Obama is not even in office yet, right?
Also, I'm against the bail-outs however did you even bother to read them? CEO's were forced to take a cut in pay, although that's not the reason why the bail-outs won't work. They won't work because the money is being spent to consolidate the companies properties and NOT to hire more people.
Christ, even still none of that changes the fact that the United States is begining to conform to a more socalist policy. The only reason why their ideology has changed is because the rich rapidly became poor, and for some reason that's what it took for us to wake the fuck up. The very reason why the rich became poor is because greedy mother fuckers lent money to people KNOWING they would not be able to pay it back. Our economy's prime motivator is the very same poison rendering apart our economy. Now GTFO, you evidently ignorant asshole. |
Psh. The bail out was filled with little goodies for CEOs such as lavish hotel retreats. The reason the U.S got in to this situation was that government lent money to a bad bank. If the U.S was pure capitalism that loan wouldn't of happened and that bank of went out of business without causing such a failure. |
Coming from the mortgage industry (I owned a titles insurance company) I'd like to call you out and tell you your full of shit. It wasn't a "bad bank" as you so ignorantly put it. It was private lenders that saw the 2-28 loan as exploitable. Then soon enough all the Mortgage companies in the country started pulling this scam. You've got American home mortgage and other companies like them to blame for this implosion.
Does your argument even have a point? You essentailly said "Mortgage crisis happened and pure capitalism doesn't work, therefore socalism doesn't work."
Look, I'm willing to accept that capitalism works, if you idiots stop going around saying its the only option. |
It was a bad bank that gave loans out to people who could not afford them |
It was loans given to people who couldn't afford them, however it wasn't ONE bank, it was several PRIVATE lenders. I even know people who did this personally, shake your ignorant ass out of here.
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AverageAzn247
Grandmaster Cheater
Reputation: 34
Joined: 01 Oct 2007
Posts: 909
Location: Austin,TX with 72 virgins
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| Posted: Sun Jan 18, 2009 5:26 pm Post subject: |
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| jesterab wrote: | | averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | The U.S is only headed this way b/c Obama was elected. Most of the *bail out* money was wasted on pointless crap liek special bonuses fro CEOs. |
You are aware that Obama is not even in office yet, right?
Also, I'm against the bail-outs however did you even bother to read them? CEO's were forced to take a cut in pay, although that's not the reason why the bail-outs won't work. They won't work because the money is being spent to consolidate the companies properties and NOT to hire more people.
Christ, even still none of that changes the fact that the United States is begining to conform to a more socalist policy. The only reason why their ideology has changed is because the rich rapidly became poor, and for some reason that's what it took for us to wake the fuck up. The very reason why the rich became poor is because greedy mother fuckers lent money to people KNOWING they would not be able to pay it back. Our economy's prime motivator is the very same poison rendering apart our economy. Now GTFO, you evidently ignorant asshole. |
Psh. The bail out was filled with little goodies for CEOs such as lavish hotel retreats. The reason the U.S got in to this situation was that government lent money to a bad bank. If the U.S was pure capitalism that loan wouldn't of happened and that bank of went out of business without causing such a failure. |
Coming from the mortgage industry (I owned a titles insurance company) I'd like to call you out and tell you your full of shit. It wasn't a "bad bank" as you so ignorantly put it. It was private lenders that saw the 2-28 loan as exploitable. Then soon enough all the Mortgage companies in the country started pulling this scam. You've got American home mortgage and other companies like them to blame for this implosion.
Does your argument even have a point? You essentailly said "Mortgage crisis happened and pure capitalism doesn't work, therefore socalism doesn't work."
Look, I'm willing to accept that capitalism works, if you idiots stop going around saying its the only option. |
It was a bad bank that gave loans out to people who could not afford them |
It was loans given to people who couldn't afford them, however it wasn't ONE bank, it was several PRIVATE lenders. I even know people who did this personally, shake your ignorant ass out of here. |
name plz
_________________
| Waxxup wrote: | What are Night Elves?
A girl group? |
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jesterab
Advanced Cheater
![]() Reputation: 0
Joined: 24 Feb 2007
Posts: 62
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| Posted: Sun Jan 18, 2009 5:36 pm Post subject: |
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| averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | jesterab wrote: | | averageazn247 wrote: | | The U.S is only headed this way b/c Obama was elected. Most of the *bail out* money was wasted on pointless crap liek special bonuses fro CEOs. |
You are aware that Obama is not even in office yet, right?
Also, I'm against the bail-outs however did you even bother to read them? CEO's were forced to take a cut in pay, although that's not the reason why the bail-outs won't work. They won't work because the money is being spent to consolidate the companies properties and NOT to hire more people.
Christ, even still none of that changes the fact that the United States is begining to conform to a more socalist policy. The only reason why their ideology has changed is because the rich rapidly became poor, and for some reason that's what it took for us to wake the fuck up. The very reason why the rich became poor is because greedy mother fuckers lent money to people KNOWING they would not be able to pay it back. Our economy's prime motivator is the very same poison rendering apart our economy. Now GTFO, you evidently ignorant asshole. |
Psh. The bail out was filled with little goodies for CEOs such as lavish hotel retreats. The reason the U.S got in to this situation was that government lent money to a bad bank. If the U.S was pure capitalism that loan wouldn't of happened and that bank of went out of business without causing such a failure. |
Coming from the mortgage industry (I owned a titles insurance company) I'd like to call you out and tell you your full of shit. It wasn't a "bad bank" as you so ignorantly put it. It was private lenders that saw the 2-28 loan as exploitable. Then soon enough all the Mortgage companies in the country started pulling this scam. You've got American home mortgage and other companies like them to blame for this implosion.
Does your argument even have a point? You essentailly said "Mortgage crisis happened and pure capitalism doesn't work, therefore socalism doesn't work."
Look, I'm willing to accept that capitalism works, if you idiots stop going around saying its the only option. |
It was a bad bank that gave loans out to people who could not afford them |
It was loans given to people who couldn't afford them, however it wasn't ONE bank, it was several PRIVATE lenders. I even know people who did this personally, shake your ignorant ass out of here. |
name plz |
Micheal ashley from lend america for instance.
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