Must be a good day to be crying the "D" word . . .

[billvon 3,173]

. . . now that people are admitting we're in trouble. Bush yesterday morning:

"I was in the Roosevelt Room and Chairman Bernanke and Secretary Paulson, after a month of every weekend where they're calling, saying, we got to do this for AIG, or this for Fannie and Freddie, came in and said, the financial markets are completely frozen and if we don't do something about it, it is conceivable we will see a depression greater than the Great Depression."

[marks2065 0]

Quote

. . . now that people are admitting we're in trouble. Bush yesterday morning:

"I was in the Roosevelt Room and Chairman Bernanke and Secretary Paulson, after a month of every weekend where they're calling, saying, we got to do this for AIG, or this for Fannie and Freddie, came in and said, the financial markets are completely frozen and if we don't do something about it, it is conceivable we will see a depression greater than the Great Depression."

It's a bad day to just cry. The congress has fucked up, not the dem's or the rep's but congress. we are in such a mess thanks to the bailouts we will probably not see the problem solved in our lifetime. The country is still going to struggle wether or not they put up the money, but now we have the struggle along with the debt. I guess the problem is that we as a country are to lazy to suck it up and work through a problem. We are always trying to take the easy way out and this time it is going to bite us in the ass for a long time.

[kallend 2,230]

Quote

Quote

. . . now that people are admitting we're in trouble. Bush yesterday morning:

"I was in the Roosevelt Room and Chairman Bernanke and Secretary Paulson, after a month of every weekend where they're calling, saying, we got to do this for AIG, or this for Fannie and Freddie, came in and said, the financial markets are completely frozen and if we don't do something about it, it is conceivable we will see a depression greater than the Great Depression."

It's a bad day to just cry. The congress has fucked up, not the dem's or the rep's but congress. we are in such a mess thanks to the bailouts we will probably not see the problem solved in our lifetime. The country is still going to struggle wether or not they put up the money, but now we have the struggle along with the debt. I guess the problem is that we as a country are to lazy to suck it up and work through a problem. We are always trying to take the easy way out and this time it is going to bite us in the ass for a long time.

While you may make the case that the congress whistled while the mess developed, the congress didn't create the current mess. The mess was created by the greed of unbridled capitalism, and unfortunately the greediest are still making out like gangbusters.

...

The only sure way to survive a canopy collision is not to have one.

[akarunway 1]

Quote

Quote

Quote

. . . now that people are admitting we're in trouble. Bush yesterday morning:

"I was in the Roosevelt Room and Chairman Bernanke and Secretary Paulson, after a month of every weekend where they're calling, saying, we got to do this for AIG, or this for Fannie and Freddie, came in and said, the financial markets are completely frozen and if we don't do something about it, it is conceivable we will see a depression greater than the Great Depression."

It's a bad day to just cry. The congress has fucked up, not the dem's or the rep's but congress. we are in such a mess thanks to the bailouts we will probably not see the problem solved in our lifetime. The country is still going to struggle wether or not they put up the money, but now we have the struggle along with the debt. I guess the problem is that we as a country are to lazy to suck it up and work through a problem. We are always trying to take the easy way out and this time it is going to bite us in the ass for a long time.

While you may make the case that the congress whistled while the mess developed, the congress didn't create the current mess. The mess was created by the greed of unbridled capitalism, and unfortunately the greediest are still making out like gangbusters.

And AGAIN. From the congessional raise thread. WHO ALLOWED THIS TO HAPPEN? Those rich greedy bastards in DC is who. I'm done. Gonna have a beer and chill. Nothing I can do about it.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[BDashe 0]

Quote

and unfortunately the greediest are still making out like gangbusters.

We should all be so fortunate to work our way to their positions of leadership to earn a few mil. Don't get me wrong there are some bad eggs, but good for the majority for making it to the top and earning the benefits that come with it! Don't forget, with golden parachutes comes a whole MESS of liability and other law suits that the press always conveniently neglect to mention, which can bankrupt the richest and throw em in jail to add insult to injury.

So there I was...

Making friends and playing nice since 1983

[akarunway 1]

Quote

Quote

and unfortunately the greediest are still making out like gangbusters.

We should all be so fortunate to work our way to their positions of leadership to earn a few mil. Don't get me wrong there are some bad eggs, but good for the majority for making it to the top and earning the benefits that come with it! Don't forget, with golden parachutes comes a whole MESS of liability and other law suits that the press always conveniently neglect to mention, which can bankrupt the richest and throw em in jail to add insult to injury.

If they aren't doing anything wrong why should they have to worry about bankrupcy and jail? Sure seen a whole lot of that shit going down lately. And it's just the tip of the iceburg. Those types. Money isn't enough. They want POWER. Over you and me. Fuck em all. If I was religious I'd say let em all rot in hell.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[kallend 2,230]

Quote

Quote

Quote

Quote

. . . now that people are admitting we're in trouble. Bush yesterday morning:

"I was in the Roosevelt Room and Chairman Bernanke and Secretary Paulson, after a month of every weekend where they're calling, saying, we got to do this for AIG, or this for Fannie and Freddie, came in and said, the financial markets are completely frozen and if we don't do something about it, it is conceivable we will see a depression greater than the Great Depression."

It's a bad day to just cry. The congress has fucked up, not the dem's or the rep's but congress. we are in such a mess thanks to the bailouts we will probably not see the problem solved in our lifetime. The country is still going to struggle wether or not they put up the money, but now we have the struggle along with the debt. I guess the problem is that we as a country are to lazy to suck it up and work through a problem. We are always trying to take the easy way out and this time it is going to bite us in the ass for a long time.

While you may make the case that the congress whistled while the mess developed, the congress didn't create the current mess. The mess was created by the greed of unbridled capitalism, and unfortunately the greediest are still making out like gangbusters.

And AGAIN. From the congessional raise thread. WHO ALLOWED THIS TO HAPPEN? Those rich greedy bastards in DC is who. I'm done. Gonna have a beer and chill. Nothing I can do about it.

The "It's all your fault for not stopping me from doing something bad" defense is invoked twice in one day in SC. Is this a record?

...

The only sure way to survive a canopy collision is not to have one.

[akarunway 1]

Quote

Quote

Quote

Quote

Quote

. . . now that people are admitting we're in trouble. Bush yesterday morning:

"I was in the Roosevelt Room and Chairman Bernanke and Secretary Paulson, after a month of every weekend where they're calling, saying, we got to do this for AIG, or this for Fannie and Freddie, came in and said, the financial markets are completely frozen and if we don't do something about it, it is conceivable we will see a depression greater than the Great Depression."

It's a bad day to just cry. The congress has fucked up, not the dem's or the rep's but congress. we are in such a mess thanks to the bailouts we will probably not see the problem solved in our lifetime. The country is still going to struggle wether or not they put up the money, but now we have the struggle along with the debt. I guess the problem is that we as a country are to lazy to suck it up and work through a problem. We are always trying to take the easy way out and this time it is going to bite us in the ass for a long time.

While you may make the case that the congress whistled while the mess developed, the congress didn't create the current mess. The mess was created by the greed of unbridled capitalism, and unfortunately the greediest are still making out like gangbusters.

And AGAIN. From the congessional raise thread. WHO ALLOWED THIS TO HAPPEN? Those rich greedy bastards in DC is who. I'm done. Gonna have a beer and chill. Nothing I can do about it.

The "It's all your fault for not stopping me from doing something bad" defense is invoked twice in one day in SC. Is this a record?

I don't know. Is it wise man?

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[kallend 2,230]

WASHINGTON (Reuters) - The economy shrank at a 0.5 percent annual pace in the third quarter as expected after consumers and businesses cut spending and the country's recession gathered steam, government data showed on Tuesday.

The U.S. economy entered a recession last December and many economists think this deepened after the failure of U.S. investment bank Lehman Brothers in September, which froze credit and sent households and firms into a defensive crouch.

The Commerce Department, in its final revision, said the decline in gross domestic product in the third quarter versus the previous three months was the steepest since the third quarter of 2001, in the aftermath of the September 11 attacks on the United States.

Analysts polled by Reuters had predicted the report would show GDP declined by an unrevised 0.5 percent in the third quarter.

Consumer spending shrank by 3.8 percent for the sharpest pull-back since 1980, when a global oil crisis tipped the economy toward a prolonged slowdown, while investment in equipment and software slumped 7.5 percent for the largest decline since early 2002.

(Reporting by Alister Bull, Editing by Andrea Ricci.)

...

The only sure way to survive a canopy collision is not to have one.

[BDashe 0]

Because of blood sucking lawyers that are the greedy ones. Ever hear of those lovely cases where a robber falls through a roof and lands on a knife and gets a pay day? Yeah, those kinds of lawyers on a much grander scale.

When your salary and earnings are public knowledge, people want to get their hands on it. We've become a nation of instant gratification loving wh*res. The easiest way for some people to get money is to find a way to legally steal it from those that earned it.

'If I was religious I'd say let em all rot in hell.'

see, now that is just jealousy...

So there I was...

Making friends and playing nice since 1983

[kallend 2,230]

Quote

Because of blood sucking lawyers that are the greedy ones. Ever hear of those lovely cases where a robber falls through a roof and lands on a knife and gets a pay day? Yeah, those kinds of lawyers on a much grander scale.

When your salary and earnings are public knowledge, people want to get their hands on it. We've become a nation of instant gratification loving wh*res. The easiest way for some people to get money is to find a way to legally steal it from those that earned it.

'If I was religious I'd say let em all rot in hell.'

see, now that is just jealousy...

It was greedy investment bank CEOs, mortgage brokers and homebuyers, not lawyers, that precipitated the credit crisis and the current recession.

...

The only sure way to survive a canopy collision is not to have one.

[BDashe 0]

How about the idiots that took out mortgages they knew they couldnt afford, and/or ran up so much debt they had to file? There is the greed. Wanting what you can't have and still going for it.

It's all spelled out on paper when you sign. Just like losing weight, it is a simple formula- dont eat more than you burn off, don't spend more than you make.

So there I was...

Making friends and playing nice since 1983

[livendive 8]

Quote

It's all spelled out on paper when you sign. Just like losing weight, it is a simple formula- dont eat more than you burn off, don't spend more than you make.

It'd be nice if our politicians would learn this lesson.

Blues,
Dave

"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

[kelpdiver 2]

Quote

There is the greed.

Yes, at the crux, this is about greed, by those who want what they can't have, and by those who can't ever have enough.

The latter group has more influence and impact.

[kallend 2,230]

Quote

How about the idiots that took out mortgages they knew they couldnt afford, and/or ran up so much debt they had to file? .

If you reread my post you'll find I included them already.

...

The only sure way to survive a canopy collision is not to have one.

[Amazon 7]

Quote

Yes, at the crux, this is about greed, by those who want what they can't have, and by those who can't ever have enough.

The latter group has more influence and impact.

As the crys from the mob begin to be heard more loudly....."Off with their heads"

Its happened before.... perhaps it will happen again. The economic aristocracy isnt all that much different than the aristocracy that exibited the same traits a couple centuries ago.

[BDashe 0]

my bad sir! read too quickly. The difference of opinion lies with who is to blame most. personally, I think it is pretty easy to see that those that default on the loans are to blame for defaulting on their loans...



As for those who can never have enough- they just happen to make the news more than the majority of the ones that do their job. No one gets celebrated on national TV for doing their job, however the big boys that f*ck up are very easy targets, and since 99.9% of america is below them financially, they're easy to hate and start blaming everyone that high up... and making genius sarbanes-oxley overnight band aids that f*ck everyone up.

which leads me to agree with:

As the crys from the mob begin to be heard more loudly....."Off with their heads"


exactly. "it isnt my fault! blame the rich guy for my short comings!"

Then liberal america cries for redistribution of wealth and increased taxes and just like that, the american dream is erased for the perceived greater common good. what type of society does that sound like?

So there I was...

Making friends and playing nice since 1983

[kallend 2,230]

Quote

my bad sir! read too quickly. The difference of opinion lies with who is to blame most. personally, I think it is pretty easy to see that those that default on the loans are to blame for defaulting on their loans...



As for those who can never have enough- they just happen to make the news more than the majority of the ones that do their job. No one gets celebrated on national TV for doing their job, however the big boys that f*ck up are very easy targets, and since 99.9% of america is below them financially, they're easy to hate and start blaming everyone that high up... and making genius sarbanes-oxley overnight band aids that f*ck everyone up.

which leads me to agree with:

As the crys from the mob begin to be heard more loudly....."Off with their heads"


exactly. "it isnt my fault! blame the rich guy for my short comings!"

So you assign no blame to those pushing NINJA loans, no blame on ratings agencies giving AAA ratings to securitized junk, no blame to investment bankers for buying them up in large quantities - it's lll the fault of homebuyers.

Quote

Then liberal america cries for redistribution of wealth and increased taxes and just like that, the american dream is erased for the perceived greater common good. what type of society does that sound like?

Sweden.

...

The only sure way to survive a canopy collision is not to have one.

[BDashe 0]

Not nearly as much blame as the guy who signs the documents! Seals it for me.

I said society not country...

So there I was...

Making friends and playing nice since 1983

[kelpdiver 2]

Quote

Not nearly as much blame as the guy who signs the documents! Seals it for me.

huh? Both parties sign the documents. But the greedy lender signs many more as they resell and then package into CDOs.

And this is where the blowup occurs - people bought buckets of mixed risk investments where the risk rating was lazily done.

[FallingOsh 0]

Quote

Quote

Not nearly as much blame as the guy who signs the documents! Seals it for me.

huh? Both parties sign the documents. But the greedy lender signs many more as they resell and then package into CDOs.

And this is where the blowup occurs - people bought buckets of mixed risk investments where the risk rating was lazily done.

It's a circular argument. Who's worse; the drug dealer or the drug user; the enabler or the abuser? The left tends to blame the dealer while the right tends to blame the user.

--------------------------------------------------
Stay positive and love your life.

[kallend 2,230]

www.chron.com/disp/story.mpl/ap/business/6180424.html

...

The only sure way to survive a canopy collision is not to have one.

[kelpdiver 2]

Quote

It's a circular argument. Who's worse; the drug dealer or the drug user; the enabler or the abuser? The left tends to blame the dealer while the right tends to blame the user.

Not really. The drug dealer also kills his rivals and shoots at police.

It's a pretty off base comparison, however, comparing people who want a home loan to those who use recreational drugs. It would only apply to those who lie.