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Thread: U.S. 'Pretty ****ed' - Former TARP Inspector

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by RGacky3 View Post
    Its not that certain buisinesses fail, its that the entire financial system, which the entire economy relies on ... fails ...

    I was against the bailout, but if the government just did nothing Capitalism would collapse.
    Then you LET IT FAIL. The largest issue in this country right now is people not being required to deal with the CONSEQUENCES of their own actions, thoughts, words, and deeds.

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by RGacky3 View Post
    Its not that certain buisinesses fail, its that the entire financial system, which the entire economy relies on ... fails ...

    I was against the bailout, but if the government just did nothing Capitalism would collapse.
    Capitalism can't fail because it is not an economic system that is run by a government. It is more the study of human behavior with regards to capital. Regardless of what system is employed by the government, capitalism will prevail.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: Love your neighbor as yourself.

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by TheDemSocialist View Post
    [/FONT][/COLOR]U.S. 'Pretty ****ed' - Former TARP Inspector - YouTube

    Welcome to corporatism folks...... Enjoy it while it lasts. We gotta pay for all the mistakes of the capitalistic elite, while we get told its the lazy poor peoples fault... Enjoy it! The coming oligarch! Yayyy!!
    Exactly what I would expect from a socialist. No one ever said it was the poor people's fault. The only thing anyone on the right has ever said was that poor people aren't OWED a living. The fact that a law is named after two big clowns probably says a lot.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by Neomalthusian View Post
    To the bold: No, we don't.

    As soon as government swoops in and takes over management of private business, that ceases to be capitalism. You can't blame capitalism for bureaucrats insistence on getting involved in it and rendering it something other than capitalism.
    Quote Originally Posted by TheDemSocialist View Post
    The government swoops in and helps who? The capitalists... Who are the capitalists a wealthy person who uses money to invests in trade, industry, or machinery, for profit.
    How about the government who insisted loan regulations were lowered so those who couldn't afford a house could buy one? How did that work out for the country?

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by Μολὼν λαβέ View Post
    How about the government who insisted loan regulations were lowered so those who couldn't afford a house could buy one? How did that work out for the country?
    The government may have lowered the standards, but that does not mean that the banks had to issue these obviously insane loans to people who couldn't have afforded them on their best day and who were major risks from the beginning. .

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by American View Post
    Exactly what I would expect from a socialist. No one ever said it was the poor people's fault. The only thing anyone on the right has ever said was that poor people aren't OWED a living. The fact that a law is named after two big clowns probably says a lot.
    The funniest part of it is someone who defines themselves so ideologically.... who nonetheless apparently doesn't know what corporatism and capitalism mean.

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by Republic Now! View Post
    What deregulation was this? I don't think the banking industry has ever stopped being regulated since the great depression.
    The banking deregulation that begun under Reagan and continued until Dubya.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by Neomalthusian View Post
    When did you stop beating your wife?

    Nothing is too big to fail.
    The banks were. Because with their failure comes the failure of the US of A. The bailouts were a necessary evil.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by TheDemSocialist View Post
    Completely deregulated? True no banking industry was completely deregulated. But one very important deregulation aspect took place and that was the Glass-Stegall Act and history prove what happened when that was repealed.
    I am truly aghast as to the many who are turning a blind eye to this. It's mind-boggling.
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: U.S. 'Pretty ****ed' - Former TARP Inspector

    Quote Originally Posted by OpportunityCost View Post
    The government swooped in and helped the capitalists because it determined that they needed to be saved for the "greater good". Thats what comes from running government without regard to outcomes and unintended consequences.

    FYI---this is the only time the extreme left and extreme right were in agreement AGAINST the bailouts. Odd that, all the establishment peckerheads on both sides wanted it.
    Bailing out large failed businesses is the prime directive of the GOP

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