Page 63 of 98 FirstFirst ... 1353616263646573 ... LastLast
Results 621 to 630 of 972

Thread: The 1% will own more than the 99% by 2016, report says

  1. #621
    Sage

    Join Date
    Mar 2014
    Location
    Tennessee
    Last Seen
    Today @ 01:45 AM
    Gender
    Lean
    Undisclosed
    Posts
    21,847

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Papa bull View Post
    I agree with that. That is also why libs will be crying about lending standards being too tight. In fact, I've already heard that noise. The banks aren't anxious to lose their asses again but I'm sure some bleeding heart lib legislation that's supposed to empower people who can't really afford a home to buy a home will be proposed again. And if we are stupid enough to make the same mistake again, we'll have a similar outcome again. The banks won't be begging for it, though.
    I'm not sure why you need to make this partisan. There were plenty of GOPers including Pres. Bush and his team of regulators cheering this whole affordable lending thing and doing their part to keep the party going. It's really not a partisan issue IMO. I can find all kinds of blame in all periods and pin it more or less at will on whoever was in the regulators chair or the committee chair in the House or Senate or POTUS, and party makes little to no difference that I've been able to see.

  2. #622
    Sage
    Papa bull's Avatar
    Join Date
    Jun 2013
    Location
    Midwest
    Last Seen
    06-25-15 @ 01:35 PM
    Lean
    Conservative
    Posts
    6,927

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    Like I said, if you stand on any street corner begging people to take $200,000 NINJA, negative amort, zero down, 110% loans, etc. you'll get an endless number of people willing to borrow money. But if you go bankrupt, I won't blame the people accepting the money. Your sole job as lender is to lend to those who can repay, and to manage the risk to cover the losses of those who will not.

    I'm not calling the borrowers victims, but the idiot is the person BEGGING deadbeats to take their money. They thought they'd rewritten the rules on risk and eliminated it. They were catastrophically wrong. Really, who believes in low risk, high return investments? Suckers is who. The banks were the suckers. They're paid 7 and 8 figures to be smarter than that.

    Well, they were partially right - we bailed some of them out so they did get low risk, and high returns! Bad on us....
    Jasper, there is no way to honestly characterize the banks situation as low risk and high returns. High risk and high losses are the truth of the matter. Why do you think Obama is trying to twist their arms to liwer lending standards AGAIN? Hint: Because the banks don't WANT more high risk, low return loans. If it was the party you make it out to be, they'd be doing it without any arm twisting.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  3. #623
    Sage

    Join Date
    Mar 2014
    Location
    Tennessee
    Last Seen
    Today @ 01:45 AM
    Gender
    Lean
    Undisclosed
    Posts
    21,847

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by KevinKohler View Post
    Well, yeah, we can blame the dead beats, which I do....but I also blame Clinton for FORCING banks to lend to some of these people.
    Hilarious - is this serious? Blaming Clinton for loans made years after he left office? In my world, all I heard were non-stop radio and TV ads begging 'these people' to take out loans. Didn't see anyone forcing anyone to lend....

  4. #624
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 10:55 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    Hilarious - is this serious? Blaming Clinton for loans made years after he left office? In my world, all I heard were non-stop radio and TV ads begging 'these people' to take out loans. Didn't see anyone forcing anyone to lend....
    And those ads weren't advertising commercial banks. There were advertising mortgage companies, who aren't even subject to the ACA! No POTUS ever forced any mortgage company to make a single loan.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  5. #625
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 12:39 AM
    Gender
    Lean
    Other
    Posts
    12,459
    Blog Entries
    2

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by UtahBill View Post
    the worst thing you can do for your children is to make life easy for them......

    educate them, then show them the door.
    I wasn't thinking of would be easy, just imagining all that money going from hand to hand to hand to hand before it pools at the top and stays there, ring used for extractive activities and adding no value.
    Anyone wondering what I'm talking about start here:
    The Psychology of Persuasion

  6. #626
    Sage

    Join Date
    Mar 2014
    Location
    Tennessee
    Last Seen
    Today @ 01:45 AM
    Gender
    Lean
    Undisclosed
    Posts
    21,847

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Papa bull View Post
    Jasper, there is no way to honestly characterize the banks situation as low risk and high returns. High risk and high losses are the truth of the matter. Why do you think Obama is trying to twist their arms to liwer lending standards AGAIN? Hint: Because the banks don't WANT more high risk, low return loans. If it was the party you make it out to be, they'd be doing it without any arm twisting.
    I agree, but the players somehow managed to pin AAA ratings on dog crap loans paying high returns, and that was possible because they could "insure" the losses on that dog crap with unregulated derivatives (simplified of course).

    And we were I thought talking about the debt bubble and collapse, and now you need to make it partisan, so are bringing Obama into it. If there's a proposal by Obama to lower lending standards again, I'll probably agree it's a bad idea. But I looked briefly and didn't see anything new. Can you be specific?

  7. #627
    Sage
    Papa bull's Avatar
    Join Date
    Jun 2013
    Location
    Midwest
    Last Seen
    06-25-15 @ 01:35 PM
    Lean
    Conservative
    Posts
    6,927

    Re: The 1% will own more than the 99% by 2016, report says

    Every time you hear a politician demanding that mortgage standards be lowered to make it easier for deadbeats to borrow money, you are hearing the proof that banks don't think bad risks are good business and that the government will twist their arms to make them do bad business.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  8. #628
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 08:19 AM
    Lean
    Undisclosed
    Posts
    90,018

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by SlevinKelevra View Post
    or MAYBE it's that Obama is not a progressive (in the real economic sense) but is simply another in the long line of authoritarian pro-corporate politicians who simply has a progressive social agenda.
    you hit the nail right on the head. Many of us thought we were getting FDR II and instead we got recycled Jimmy Carter.

    I just wish Obama was the real radical liberal who actually earned the hatred of the right instead of just their knee jerk resentment based on precious little.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  9. #629
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 10:55 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Papa bull View Post
    Every time you hear a politician demanding that mortgage standards be lowered to make it easier for deadbeats to borrow money, you are hearing the proof that banks don't think bad risks are good business and that the government will twist their arms to make them do bad business.
    The government may set minimum standards, but it doesn't force any banks to make loans that they don't want to.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  10. #630
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 10:55 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by haymarket View Post
    you hit the nail right on the head. Many of us thought we were getting FDR II and instead we got recycled Jimmy Carter.

    I just wish Obama was the real radical liberal who actually earned the hatred of the right instead of just their knee jerk resentment based on precious little.
    If we ever elected an extremist (from any extreme), we would quickly learn that our current politicians are all quite moderate, regardless of party affiliation.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

Page 63 of 98 FirstFirst ... 1353616263646573 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •