Posted on 09/15/2008 8:38:53 PM PDT by Orbiting_Rosie's_Head
Great find. Thanks.
Great find. Thanks.
I have only read the first few posts, but I sense a FreeperFight in the making.
Someone is sure to start one! Just don’t get caught in the cross-fire!
Bookmark
Fear not - I've already taken my $30,000 hit. The loss will allocate itself, just as the gains did. Some fared better than others during the exuberant rise, and some will fare better than others during the fall.
Regardless of the final solution, blame should be sought and accurately assigned so that the methodology of creating this mess (and yes, it's more complicated than most would think) can be chronicled and avoided in the future. And, perhaps those who did the most to cause the problems might be brought to justice, up to and including incarceration. I personally wouldn't mind seeing a few prominent democrats taking the perp walk.
“The helping hand strikes again,” as my parents used to say.
Jared Taylor writes of a widespread and malignant phenomenon termed “competitive altruism.”
This what happens when we allow Marxism and capitalism to coexist. Corporations enforcing “diversity” agendas and affirmative action programs because to do otherwise would hurt the bottom line and/or bring on the EEO gestapo.
A supply/demand market for the inverse of merit is created. Incompetence becomes a hot commodity. Underqualification is produced, nurtured, subsidized, rewarded. Excellence is discounted, handicapped, written off.
Let the Ponzi schemers suffer and live on steam grates along with the idiots who jumped on properties out of their league, expecting to flip them for huge profits. I’m rather indifferent to the jeopardy of fools who should know better, and especially of those bad actors who do know better.
We endure daily news reports and analysis on the obesity epidemic, yet bemoan the prices of food and conveniences.
We ARE a nation of whiners.
All those empty McMansions are gonna look pretty attractive in a few years, when honest white people with decent credit are once again courted by honest brokers.
BINGO
“I understand more about economics than everyone you’ve ever met, ever will.”
LOL!
I’ve been wading through your recent posts - I noticed some of your comments on tonight’s threads.
I have a 15 yr. old degree in finance - and it is dusty :).
I’ve been trying to make some sense of all of this and was delighted to find you putting this info out there.
One of your posts says you’re in software.
How did you manage to stuff your head with all this knowledge about the markets?
“
Or, more importantly, Bill Clinton’s amendment to it in 1994.
“
Today Rush Limbaugh was playing a recording from a recent interview
with Robert B. Reich...uuuhhhh.
He slipped up and said that Bubba’ had some responsibility for today’s
mess because Bubba’ even threatened sanctions/prosecutions if private
lenders didn’t start writing more loans to folks who previously
couldn’t afford to buy houses.
(Reiche probably is being accurate....but maybe he dished because he’s
still ticked about that film footage in which Bubba’ looks into some
scale-model building replica and said that Reiche could fit in there...
a real jab at his short stature!)
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