Nineteen Eleven

it would be bad, if he wasnt on a thread with the debate going, and he wasnt behaving himself.

hes also made many fair counterpoints to what is being said, and isnt being a dick about it. however some of you guys are being a dick to him for him disagreeing with you and presenting reasons as to ...

Oh, and one last little thing.

Americans want the wealth to be more evenly distributed. They don't think it's fair that the rich have all the money.

Guess what? Americans represent 3% of the world's population, and consume more than 25% of its resources. If we expand this theory outside of your ...

Imagine for a moment that someone inherits a farm. Let's say that the farm has good topsoil, a good well, good breeding stock, good seed, and excellent farm equipment in good repair. Prior to passing into the control of the present owner the farm did a good business selling vegetables, meat, and ...

Your analogy about the drug user/drug dealer dynamic is utterly hollow. The act of taking out a mortgage on a home is not a 'drug'. Nor is it inherently addictive.

Credit is the drug. Americans are beyond a doubt addicted to easy credit. It's not just the mortgage. It's the multiple credit cards ...

Actually, depending on the reason, I'd negotiate with you to get that back as much as possible. Hence, why smaller regional banks have been more than willing to work with their debtors, than, let's say Bank of America, Countrywide, Chase, etc.

You'd help me only because, as a small lender, that ...

I'm sorry you think distinctions aren't important.


That explains a lot of this conversation.

They've taught you well.

but that's your own problem
No, it's not my problem, because it's not something I beleive. That's something you threw into my mouth.


Never did I make the claim "all ...

Foreclosure is often not the worst thing that can happen. It's why it's a security in the first place, sure, the bank would probably prefer you pay it.

Of course the banks don't want the houses back, because they know that houses aren't an ATM machine like they temporarily were during the boom ...

Actually, it's not illegal. It's a breach of contract, which is entirely different.

Contract a. An agreement between two or more parties, especially one that is written and enforceable by law

So, you sign a peice of paper stating that you will pay the principle plus interest for the entirety of ...

"We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability."


That says that central bankers shouldn't overreact to the collapse of overvalued financial asset markets because it won't ...

http://www.swifteconomics.com/wp-content/uploads/2009/06/Federal_Reserve.jpg

The occupy movement needs to head to Washinton D.C. They shouldn't go to the White House. They shouldn't go to the Capital building. Not some stupid park, a bridge, or Wall Street.

They should be parked right outside ...