Home › Forums › Financial Markets/Economics › Coming San Diego Govt Layoffs
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December 10, 2008 at 8:21 AM #314124December 10, 2008 at 8:33 AM #313648
sdduuuude
Participant[quote=TheBreeze]How was the private sector able to produce trillions in mortgage losses then?[/quote]
They couldn’t have done it without the Federal Reserve, Breeze, nor without government efforts to “increase homeownership.” That was a team effort – very efficient processing of the wrong loans.
December 10, 2008 at 8:33 AM #314005sdduuuude
Participant[quote=TheBreeze]How was the private sector able to produce trillions in mortgage losses then?[/quote]
They couldn’t have done it without the Federal Reserve, Breeze, nor without government efforts to “increase homeownership.” That was a team effort – very efficient processing of the wrong loans.
December 10, 2008 at 8:33 AM #314036sdduuuude
Participant[quote=TheBreeze]How was the private sector able to produce trillions in mortgage losses then?[/quote]
They couldn’t have done it without the Federal Reserve, Breeze, nor without government efforts to “increase homeownership.” That was a team effort – very efficient processing of the wrong loans.
December 10, 2008 at 8:33 AM #314058sdduuuude
Participant[quote=TheBreeze]How was the private sector able to produce trillions in mortgage losses then?[/quote]
They couldn’t have done it without the Federal Reserve, Breeze, nor without government efforts to “increase homeownership.” That was a team effort – very efficient processing of the wrong loans.
December 10, 2008 at 8:33 AM #314129sdduuuude
Participant[quote=TheBreeze]How was the private sector able to produce trillions in mortgage losses then?[/quote]
They couldn’t have done it without the Federal Reserve, Breeze, nor without government efforts to “increase homeownership.” That was a team effort – very efficient processing of the wrong loans.
December 10, 2008 at 8:37 AM #313658kewp
Participant[quote=sdduuuude]
With the Federal Reserve banking system in place, you are a complete fool to think that is a free market.[/quote]
So we are all in the public sector then, including you?
You wouldn’t happen to work for the toilet police, would you?
December 10, 2008 at 8:37 AM #314015kewp
Participant[quote=sdduuuude]
With the Federal Reserve banking system in place, you are a complete fool to think that is a free market.[/quote]
So we are all in the public sector then, including you?
You wouldn’t happen to work for the toilet police, would you?
December 10, 2008 at 8:37 AM #314046kewp
Participant[quote=sdduuuude]
With the Federal Reserve banking system in place, you are a complete fool to think that is a free market.[/quote]
So we are all in the public sector then, including you?
You wouldn’t happen to work for the toilet police, would you?
December 10, 2008 at 8:37 AM #314068kewp
Participant[quote=sdduuuude]
With the Federal Reserve banking system in place, you are a complete fool to think that is a free market.[/quote]
So we are all in the public sector then, including you?
You wouldn’t happen to work for the toilet police, would you?
December 10, 2008 at 8:37 AM #314139kewp
Participant[quote=sdduuuude]
With the Federal Reserve banking system in place, you are a complete fool to think that is a free market.[/quote]
So we are all in the public sector then, including you?
You wouldn’t happen to work for the toilet police, would you?
December 10, 2008 at 9:21 AM #313687TheBreeze
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
December 10, 2008 at 9:21 AM #314045TheBreeze
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
December 10, 2008 at 9:21 AM #314077TheBreeze
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
December 10, 2008 at 9:21 AM #314098TheBreeze
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
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