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Originally Posted by Iceman
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Originally Posted by The WosMan
You know, this forum is filled with people who are experts, bull-s&$ters, armchair generals, and folks who are legends in their own mind....but it makes me laugh and I enjoy it.
Unlike some people here, I actually work in the finance and banking industry. My professional opinion is that nobody really knows what the hell is going on and everyone is guessing. I have even heard conspiracy folks mentioning that the US government is intentionally devaluing it's currency in order to prepare for the "Amero". I will say this, both Greenspan and Bernake are not the experts and geniuses that people think they are. This mortgage and housing problem was exacerbated in part because the federal, state, and local governments put pressure on banks to make loans to folks they should not make but you have Hillary and the rest of these morons complaining about predatory lending and how they are going to bail people out. Bail outs would be the biggest mistake. People need to learn from their mistake and get burned to teach them a lesson.
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Great post...I watched the Rev Jesse Jackson get asked about this problem this morning and he had the balls to say that Blacks were purposly targeted for loans they couldnt afford and claming discrimination..to me all that says is you are admitting blacks are just more ignorant than whites...and I do not believe that ...people need to learn and pay for they're own mistakes and shortsightness...period...let the banks sit on ther property and to me it will just force them to lower the price on homes and the market will readjust naturally. |
Right, well that is how the poverty-pimps and race-baiters like Sharpton and Jackson make all their money. What they do to earn a dollar is no different than the mafia extorting businesses for cash.