Re: The States: At Least Michigan is Better Than Indiana
I think that was a Wharrgarble, but am not sure. Need a judge's ruling on that one.
Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
Not Wharrgarble at all. It's pointing out what "part" of the government actually caused this problem.
And I'm with you on the gov't let this happen. They are partly to blame. However, the lender and borrower are also to blame.
Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
And I'm with you on the gov't let this happen. They are partly to blame. However, the lender and borrower are also to blame.
If the Government had been allowed to do it's job it would have been illegal for the lender to do what they did and the borrower never would have had the option. But as we all know, we have too much regulation and enforcement right now.
**NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.
Originally Posted by dropthatpuck-Scooby's a lost cause.
Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.
If the Government had been allowed to do it's job it would have been illegal for the lender to do what they did and the borrower never would have had the option. But as we all know, we have too much regulation and enforcement right now.
If a frog had wings, it wouldn't bump its arse every time it jumped.
Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
That's fine, but people pushing loans knowing they are planning to bundle them into securities and then not care if they ever get paid off (because they've already gotten their money) should be in jail.
NO! This is legally incorrect. Again, go back to The Big Short. How did Batman know to short the real estate market? Because he had his intern check on the loans that made up the securitized debt, and it was PUBLIC KNOWLEDGE that those mortgages were in default. Making a stupid bet (that real estate would continually go up) is not a legal basis for being indicted and arrested. Fraud is. You can write NINJA loans to strippers if you wish, as long as you disclose their source of income and how much they make (stripping, in this case) truthfully.
Also I believe the NY AG went after Hank Greenberg and the fraudfest that was AIG but for some reason they couldn't nail him on criminal charges but he was fined personally for his shi tty company's disgraceful acts.
Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin
Ever notice how everybody who drives slower than you is an idiot, and everybody who drives faster is a maniac? - George Carlin
"I've never seen so much reason and bullsh*t contained in ONE MAN."
And that's the attitude that gave us President Dump.
Sure it is.
Just because it's a fact, doesn't mean people aren't trying to change the particular fact.
Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
Change which way? The changes that are happening now are going against protecting the consumer.
That's not going to last long. I think no matter what, that will change soon, at the latest, it'll start with the next presidential election. Personally, I'd say to Warren, "Hey, you won't be prez, but here, fix this financial stuff. Free reign, and go!" I'd be for that.
Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
That's not going to last long. I think no matter what, that will change soon, at the latest, it'll start with the next presidential election. Personally, I'd say to Warren, "Hey, you won't be prez, but here, fix this financial stuff. Free reign, and go!" I'd be for that.
If she doesn't win the nomination but we win the White House she would be very valuable as a public face of consumer protection and as the "Louis Brandeis" wing of fiscal reform. It will be interesting to see how a new Democratic administration would calibrate itself:
1. Same old sh-t (Booker)
2. Moderate middle class reform (Warren)
3. Democratic Socialism (Sanders)
4. Actual Socialism (Kepler)
Re: The States: At Least Michigan is Better Than Indiana
Honestly, if we could get W Buffett into gov't finance...that'd be wonderful. Said the same thing with Perot. Limit them to just finance stuff, but they'd be great. They know how to make a buck, if you didn't notice. I think Warren could do the same thing.
Never really developed a taste for tequila. Kind of hard to understand how you make a drink out of something that sharp, inhospitable. Now, bourbon is easy to understand.
Tastes like a warm summer day. -Raylan Givens
NO! This is legally incorrect. Again, go back to The Big Short. How did Batman know to short the real estate market? Because he had his intern check on the loans that made up the securitized debt, and it was PUBLIC KNOWLEDGE that those mortgages were in default. Making a stupid bet (that real estate would continually go up) is not a legal basis for being indicted and arrested. Fraud is. You can write NINJA loans to strippers if you wish, as long as you disclose their source of income and how much they make (stripping, in this case) truthfully.
Also I believe the NY AG went after Hank Greenberg and the fraudfest that was AIG but for some reason they couldn't nail him on criminal charges but he was fined personally for his shi tty company's disgraceful acts.
if "everyone" knew that the securitized debt was in default, then that would include the companies who were selling them. Do you think they accurately described the health of those products to the companies who were buying them? If not, that sounds like fraud to me.
If you don't change the world today, how can it be any better tomorrow?
if "everyone" knew that the securitized debt was in default, then that would include the companies who were selling them. Do you think they accurately described the health of those products to the companies who were buying them? If not, that sounds like fraud to me.
Risky assets are sold every day.
a legend and an out of work bum look a lot alike, daddy.
Re: The States: At Least Michigan is Better Than Indiana
Let me ask this:
Are "big box" retailers any different with opportunities to sign up for their company's credit card? Their goals are to get every person through the doors to get the card. Is this not the same thing, just on a smaller scale? I mean, sure some people will rock a 790 score and will be able to take advantage of the 10% discount on a large purchase that will be paid off in a month. But how many people are in the 530 range and have no business with another card? The latter are played like a fiddle... Big Box don't care that their card will be the dagger that allows financial suicide for the cardholder.
It's never too early to start the Pre-game festivities GoCats!!!GO BLACKHAWKS!
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