Former FDIC head Sheila Bair wrote an op-ed in the Washington Post about fixing income inequality with huge interest free loans for all Americans to illustra…
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Whats funny is they don’t want regulations because regulation is Big
Brother infringing on your liberties and freedom well sounds to me like
they like having the liberties and freedom of pretty much committing fraud
and embezzlement so…….in theory sounds kinda like there whole concept
of freedom is screwed but I guess they were able to they committed all
those acts and still to this day there free from jail that is….
bullshit, you’ve consistently said that printing money doesn’t work while I
agree there are MANY situations in which printing money is a bad strategy,
there are times when it will stimulate an economy. yes, no shit, if demand
isn’t high enough to make a person trade more than a car for a house, then
car = house (what point were to trying to contradict?)
I know exactly what you are saying, it has been the Repub mantra for a few
years now…but like I said you have to go deeper than that. Sooooo…
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“You believe that Liberals who wanted to help low income ppl buy homes are
to blame” as the old tried and true saying goes, “the roads to hell are
paved with good intentions”, but sadly hell is what happened to hard
working decent Americans “You don’t blame Banks/Mortgage Co./Wall Street
who saw that they could push these loans, that they knew were toxic, bundle
them up..” I do blame them to the extent they were bastards with no ethics
taking advantage of what foolish politicians did
Research hyperinflation in the Weimar Republic. You can’t just go printing
off money instead of tax, money becomes worthless. If I printed $100 bills
with my printer, would you accept them as payment? No, because they are
worth nothing. I didn’t do their value in work to obtain them, or exchange
anything of value for them, making them worthless. Why should anyone accept
money from a government that just prints it off when it’s low on money?
It’s only worth the scrap paper.
she was using an example -_-; not saying we should use it.
Well we can start doing that right now. I want you to share and care with
me. Send me your laptop and I’m gonna need your car too.
oh look, a guy with “3k” in his handle obviously referring to his yearly
income
thatcer was like the us conservatives????
I’ve already said that there is a middle ground. Sometimes the benifits of
printing off money outweighs the negitive consequences of doing so. Often
it does not. Usually there is a man who is willing to trade his car and
some other things to make up to the value of a house, so the man who needs
a car and has two houses gets a car, and something else that he may need,
like food and water. If there is nobody willing to trade more than a car
for your house, then it is worth a car.
you said: I do blame them to the extent they were bastards with no ethics
taking advantage of what foolish politicians did Who do you think was
behind the politicians, giving them money to do their bidding. Who wanted
to deregulate in the first place. Banks/Mortgage Co./Wall Street were
buying politicians to do what they wanted done. You still won’t admit that
Reps did this too, they wrote the legislation & voted for it. Phil Gramm in
Texas took credit for it even bragged about it.
That wasn’t what I was getting at…but I see how you get greed here. What
I was getting at is how do you define how you are doing. Usually you will
compare yourself to others. A person who excels at something (compared to
some other guy) and that person might think they are doing better. We are
raised (generally in the USA) to excel, compete and be better than our
peers. There are numerous ways to do this. One of the common ways…who has
the most power…or a power substitute like money
They get it at 75 Basis Points 🙂
The government simply should not have the power to loan out that much
taxpayer money (or any at all). The answer isn’t regulation of banks, but
shrinking of government power, because that seems to be where the banks are
getting all this free money in the first place.
100% agreed!
alright, cool, at least we’re clear about samuraijack1371 being an idiot
Cont. Even quantum physics indicates that the reality is that perception
and the intent behind that perception rules the world of the very small.
Even string theory indicates that reality is fractalitic in nature where
the very small can house entire realities. So how can a logical person
think that we can be so wrong yet so right? What math is used to quantify
the process of the brains logic process? if math itself cant define
perception or logic how can ONLY math be logic and perception?
look here dumbnuts, anyone who travels through life in lockstep and mind
with progressives like Cenk/Ana and the rest of the hapless TYTs is the one
who’s pathetic, needs to have his head candled
My understanding is that the closer you are to neither person losing wealth
during a transaction, the better off everyone is. We use money to help in
trade so that people lose less wealth when they make transactions such as
selling a house in order to buy a car. The value of money comes about
because some things are many times more valuable than other things because
of the time it took to make, or the difficulty in obtaining the materials.