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 #313648sdduuuudeParticipant
[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 #314005sdduuuudeParticipant[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 #314036sdduuuudeParticipant[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 #314058sdduuuudeParticipant[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 #314129sdduuuudeParticipant[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 #313658kewpParticipant[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 #314015kewpParticipant[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 #314046kewpParticipant[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 #314068kewpParticipant[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 #314139kewpParticipant[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 #313687TheBreezeParticipant[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 #314045TheBreezeParticipant[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 #314077TheBreezeParticipant[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 #314098TheBreezeParticipant[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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