Russian newspaper on the end of capatalism.

Big P said:

the government forces these huge companies to make unsound loans so they can trick your dumbass into voting for them

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banks weren't forced to make sub-prime loans. it was totally voluntary. intelligent opinions are fine. ignorance is inexcusable.

jeffchr said:

banks weren't forced to make sub-prime loans. it was totally voluntary. intelligent opinions are fine. ignorance is inexcusable.

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"voluntary" like the way federal highway dollars are used to bend the states to the fed's will ?
The banks were "encouraged" by some "community organizations" to do something that was not in their best interest.

max420thc said:

ATLAS is shrugging .

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God Damned it I thought I killed that fucker with a 9 Iron.


Seriously, I know you were talking about the book, which is a fav of mine.

You just earned some rep sir.

RickWhite said:

The paper is called Pravda IIRC - the little picture is gone.

It is just funny how people come up with all these grandiose ideas thinking they are the first to think of them and not knowing that their ideas have already been tried and have failed. I mean really - not knowing that Socialism has already been proven to be a monumental failure is pretty damn ignorant. It should be common knowledge.

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YOUR local LIBRARY, POST OFFICE, the STOPLIGHTS in every street ARE GOVERNMENT FUNDED acts of Socialism. In Socialism everything that people produce is in some sense is a social product, and everyone who contributes to the production of a good is entitled to a share in it. So since we pay taxes we can ALL use these public products . Now imagine if our tax dollars didn't go to bailing out banks but instead providing healthcare to people who have broken their back for this country and got paid 300 times less than their CEO who's crapping on a golden toilet? Would that be Communist or just the right thing any human with a heart would do?

Man o' the green said:

"voluntary" like the way federal highway dollars are used to bend the states to the fed's will ?
The banks were "encouraged" by some "community organizations" to do something that was not in their best interest.

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lame. so you're telling me that insurance companies will defiantly declare that, despite healthcare reform, they don't have to cover children (if they choose not to) and banks do what their community organizations dictate.

well let me ask you this. there has been no wall street reform - at all - non- zippo - zero. so where are all the sub-prime loans the banks are "forced" to make? where did they go? they are forced to make them, aren't they? there are no new laws - so where are they?

jeffchr said:

lame. so you're telling me that insurance companies will defiantly declare that, despite healthcare reform, they don't have to cover children (if they choose not to) and banks do what their community organizations dictate.

well let me ask you this. there has been no wall street reform - at all - non- zippo - zero. so where are all the sub-prime loans the banks are "forced" to make? where did they go? they are forced to make them, aren't they? there are no new laws - so where are they?

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look at texas they refused to allow such lax regulations for thier mortgage lending in thier state and consumer borrowing amounts

and they are sittin pretty right now compared to the rest of the country


im not finacial guru and you can look it up but im 99.999% sure they are fucking us straight in the ass and im not really talking about presidends persay,

im talking about congress,

a pit full of greedy lawyers



but obama he just likes socialistic leaning things,

theres nothing wrong with that, what ever floats his boat. but when he knows its not what the majority of americans wants


thats when its gets pretty fucked up



and he knows its not what the american people want, i bet he even thinks he knows better than them


i just feel like if you want more socialist you can go to a country more like that. there are plenty,

why they gotta ruin the only superbecon of freedom and capitolism


haters everywhere we go


secret is no matter what they could never kill capitolism

after all it is the engine of the black market


[youtube]VLhZ52vVK-I[/youtube]

jeffchr said:

banks weren't forced to make sub-prime loans. it was totally voluntary. intelligent opinions are fine. ignorance is inexcusable.

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In that case there is no excuse for you since you are the ignorant one. The banks were absolutely forced by law to make those loans. The Government, under Clinton imposed a rating system based on the number of sub-prime loans made and used this rating system as leverage. A low rating also meant the bank would be subject to civil litigation.

Know WTF you are talking about before you speak.

RickWhite said:

In that case there is no excuse for you since you are the ignorant one. The banks were absolutely forced by law to make those loans. The Government, under Clinton imposed a rating system based on the number of sub-prime loans made and used this rating system as leverage. A low rating also meant the bank would be subject to civil litigation.

Know WTF you are talking about before you speak.

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so like I said before, if banks are forced to make these loans, where are they now?

jeffchr said:

so like I said before, if banks are forced to make these loans, where are they now?

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here you go:



Greenspan: Congress pushed Fed on housing boom...


fresh off the press today:




Greenspan says Congress pushed Fed on housing boom

Wed Apr 7, 2010 10:42am EDT


WASHINGTON, April 7 (Reuters) - Former Federal Reserve Chairman Alan Greenspan chastised critics on Wednesday by pointing out that Congress pushed the U.S. central bank to make sure lending to poorer Americans kept rising in the 2000s.
Bonds
"If the Fed as a regulator had tried to thwart what everyone perceived as a fairly broad consensus that the trend was in the right direction, homeownership was rising and that was an unmitigated good, then Congress would have clamped down on us," he told a questioner at a congressionally appointed commission investigating the financial crisis.
"There's a presumption that the Federal Reserve's an independent agency, and it is up to a point, but we are a creature of the Congress and if ... we had said we're running into a bubble and we need to retrench, the Congress would say 'we haven't a clue what you're talking about'," Greenspan said. (Reporting by Glenn Somerville; Editing by James Dalgleish)

ok get ready to see your jaws drop,


you guys have fucked us with this guy:



OBAMA MAN: RAISE TAXES, START EUROPEAN-STYLE VAT...

thats right bitches a whole new tax that will effect everything single thing you purchase

mmmmmm mmmmmmmmmmm this is really strating to taste like some nice warm socialism

you can be sure there will be more layoffs now if they pass this. what a bunch of non forward looking greedy asses


White House to remove 'Islamic radicalism' from terror terms...

Ensnared by Error on Growing Watch List...


MAG: 'Obama wasn't briefed on nuke-strike plan against Russia, China until months after he had taken office'...



Florida says 5 more states challenge health reform...





CONFUSION: 'WHERE DO WE GET THE FREE CARE?'




Ahmadinejad ridicules Obama's strategy: 'Wait until your sweat dries and get some experience'...
'He is an amateur'...