Gamble with investments, that's the whole point, that is capitalism. Do not gamble with people savings, homes or other loans that are the bed rock of our economy. The problem arose when certain people struck down the key provisions of the Glass Steagall Act which fixed the banking system after the last horrific collapse.…
Personally I don't mind corporations so long as they socially aware of their actions and choose to make the right decisions. Such as laying off 2 people at the executive level to save a few hundred jobs. Corporations that provide services and value their customers. The ones that piss me off and need to be shut down are the…
I have kind of wanted to write something about how I feel about Ron Paul and why I may register to vote for the first time in my life to vote for him. I am very familiar with Paul's economic background. In fact, we have hung out with the same people. I have no doubt that if he gets elected and institutes many of his…
Agreed. Ultimately who is at fault? The person who applies for a loan they never should have been approved for and get its. Or The idiot that approves the loan and hands over the money. It used to be that banks crawled up your ass and camped out in the skull for 6-8weeks while they tried to figure out how you would repay…
Not sure if already posted but. http://tpmdc.talkingpointsmemo.com/2011/10/chart-of-the-day-these-are-the-47-percent.php So can we stop with this? I mean, who are we trying to prove? Its not like we have an equal number in here splitting us into 47/53. Its not like those who will choose to believe the 53/47 split will look…
I hear you. I used to be ultra big on this personal accountability thing. I still am. I've been saving since I was 14. I put 37% down on my mortgage and I'm on track to pay it off in 3 years instead of 25. I bought my most recent two cars in cash, and my first vehicle I paid the loan off early. I have never had credit card…
I agree with your first sentence, but not with the rest. The deficit is a non-issue. Germany and Japan have far higher debt to GDP ratios than the US, and they don't have the benefit of being the world reserve currency. If a benevolent fascist unicorn ruler were to swoop down tomorrow (and that's what it would require to…
The proper response to hyperbole is more hyperbole? That's not the least bit logical. "We're just "out to get you" for no apparent reason?" No, not everyone. Just you. It seems quite personal for you and I don't know why you take it upon yourself to knock me down a peg or what you intend to accomplish by doing so. Do you…
Hopefully this will keep up until election time and help guide the country towards better policies and some reform in certain ways of life. Only fear is a good portion of the people stepping up right now will be distracted and bought into a smart talker, someone who knows how to herd the sheep the way they want. It sorta…
So I've been lurking for a long period of time and decided to activate my profile here. Funny that I'm doing it via Occupy Wall Street. But you know what? That basically just proves greevar is correct in talking it out through forums. It got me to come on here to talk about this movement and continue to read everyone's…