- This topic has 60 replies, 7 voices, and was last updated 15 years, 9 months ago by
SD Realtor.
-
AuthorPosts
-
February 15, 2009 at 11:26 PM #347022February 16, 2009 at 8:08 AM #347427
jpinpb
ParticipantRead the “House of Cards” thread (or better, watch the show). We were officially supposed to have a real and severe recession in 2001, after the dotcom bust and most certainly after 9/11.
The government intervened and “saved” us. Bush told us to go shopping and credit was looser than whores in Vegas. Who could resist free money, b/c that’s basically what it was.
They succeeded in procrastinating the recession for years, basically diverting it until recently. But even today, they are still trying to push it back. Nobody wants it on their watch.
I just don’t know what it would take to do it. After watching that show, it only gives you a glimpse of the vast amount of money spread around. Pizza delivery guys turned mortgage brokers making 20k a month. Third grader opens mortgage company making 5 million a month and CDOs to the tune of 4 million a month.
Any government bailout so far is just chump change. Be hard to reverse. All they can hope for at best is a slow down until they think of another scheme to conjure up – or a miracle.
Maybe if the government forces banks to do 4% loans. But as said on that thread, when that well runs dry, then what. This just continues to be an act of putting off the inevitable.
Our jobs were outsourced, so we played monopoly w/make believe money/numbers – and spread it around the world.
February 16, 2009 at 8:08 AM #347107ParticipantRead the “House of Cards” thread (or better, watch the show). We were officially supposed to have a real and severe recession in 2001, after the dotcom bust and most certainly after 9/11.
The government intervened and “saved” us. Bush told us to go shopping and credit was looser than whores in Vegas. Who could resist free money, b/c that’s basically what it was.
They succeeded in procrastinating the recession for years, basically diverting it until recently. But even today, they are still trying to push it back. Nobody wants it on their watch.
I just don’t know what it would take to do it. After watching that show, it only gives you a glimpse of the vast amount of money spread around. Pizza delivery guys turned mortgage brokers making 20k a month. Third grader opens mortgage company making 5 million a month and CDOs to the tune of 4 million a month.
Any government bailout so far is just chump change. Be hard to reverse. All they can hope for at best is a slow down until they think of another scheme to conjure up – or a miracle.
Maybe if the government forces banks to do 4% loans. But as said on that thread, when that well runs dry, then what. This just continues to be an act of putting off the inevitable.
Our jobs were outsourced, so we played monopoly w/make believe money/numbers – and spread it around the world.
February 16, 2009 at 8:08 AM #347542ParticipantRead the “House of Cards” thread (or better, watch the show). We were officially supposed to have a real and severe recession in 2001, after the dotcom bust and most certainly after 9/11.
The government intervened and “saved” us. Bush told us to go shopping and credit was looser than whores in Vegas. Who could resist free money, b/c that’s basically what it was.
They succeeded in procrastinating the recession for years, basically diverting it until recently. But even today, they are still trying to push it back. Nobody wants it on their watch.
I just don’t know what it would take to do it. After watching that show, it only gives you a glimpse of the vast amount of money spread around. Pizza delivery guys turned mortgage brokers making 20k a month. Third grader opens mortgage company making 5 million a month and CDOs to the tune of 4 million a month.
Any government bailout so far is just chump change. Be hard to reverse. All they can hope for at best is a slow down until they think of another scheme to conjure up – or a miracle.
Maybe if the government forces banks to do 4% loans. But as said on that thread, when that well runs dry, then what. This just continues to be an act of putting off the inevitable.
Our jobs were outsourced, so we played monopoly w/make believe money/numbers – and spread it around the world.
February 16, 2009 at 8:08 AM #347576ParticipantRead the “House of Cards” thread (or better, watch the show). We were officially supposed to have a real and severe recession in 2001, after the dotcom bust and most certainly after 9/11.
The government intervened and “saved” us. Bush told us to go shopping and credit was looser than whores in Vegas. Who could resist free money, b/c that’s basically what it was.
They succeeded in procrastinating the recession for years, basically diverting it until recently. But even today, they are still trying to push it back. Nobody wants it on their watch.
I just don’t know what it would take to do it. After watching that show, it only gives you a glimpse of the vast amount of money spread around. Pizza delivery guys turned mortgage brokers making 20k a month. Third grader opens mortgage company making 5 million a month and CDOs to the tune of 4 million a month.
Any government bailout so far is just chump change. Be hard to reverse. All they can hope for at best is a slow down until they think of another scheme to conjure up – or a miracle.
Maybe if the government forces banks to do 4% loans. But as said on that thread, when that well runs dry, then what. This just continues to be an act of putting off the inevitable.
Our jobs were outsourced, so we played monopoly w/make believe money/numbers – and spread it around the world.
February 16, 2009 at 8:08 AM #347674ParticipantRead the “House of Cards” thread (or better, watch the show). We were officially supposed to have a real and severe recession in 2001, after the dotcom bust and most certainly after 9/11.
The government intervened and “saved” us. Bush told us to go shopping and credit was looser than whores in Vegas. Who could resist free money, b/c that’s basically what it was.
They succeeded in procrastinating the recession for years, basically diverting it until recently. But even today, they are still trying to push it back. Nobody wants it on their watch.
I just don’t know what it would take to do it. After watching that show, it only gives you a glimpse of the vast amount of money spread around. Pizza delivery guys turned mortgage brokers making 20k a month. Third grader opens mortgage company making 5 million a month and CDOs to the tune of 4 million a month.
Any government bailout so far is just chump change. Be hard to reverse. All they can hope for at best is a slow down until they think of another scheme to conjure up – or a miracle.
Maybe if the government forces banks to do 4% loans. But as said on that thread, when that well runs dry, then what. This just continues to be an act of putting off the inevitable.
Our jobs were outsourced, so we played monopoly w/make believe money/numbers – and spread it around the world.
February 16, 2009 at 8:12 AM #347433air_ogi
ParticipantI would not say I am for re-inflating the bubble. But I am for a somewhat orderly descent. 🙂
$50 to $100B is way way too small to bring back the bubble.
February 16, 2009 at 8:12 AM #347112ParticipantI would not say I am for re-inflating the bubble. But I am for a somewhat orderly descent. 🙂
$50 to $100B is way way too small to bring back the bubble.
February 16, 2009 at 8:12 AM #347547ParticipantI would not say I am for re-inflating the bubble. But I am for a somewhat orderly descent. 🙂
$50 to $100B is way way too small to bring back the bubble.
February 16, 2009 at 8:12 AM #347581ParticipantI would not say I am for re-inflating the bubble. But I am for a somewhat orderly descent. 🙂
$50 to $100B is way way too small to bring back the bubble.
February 16, 2009 at 8:12 AM #347679ParticipantI would not say I am for re-inflating the bubble. But I am for a somewhat orderly descent. 🙂
$50 to $100B is way way too small to bring back the bubble.
February 16, 2009 at 8:50 AM #347473SD Realtor
Participantair_ogi that is what I was kind of posting about. In fact both you and I want the exact same thing but we have contrasting views on people and the methodology that the administration has selected. I am very very concerned that the people who have been selected to cope with this mess are in no way capable of doing so.
February 16, 2009 at 8:50 AM #347152Participantair_ogi that is what I was kind of posting about. In fact both you and I want the exact same thing but we have contrasting views on people and the methodology that the administration has selected. I am very very concerned that the people who have been selected to cope with this mess are in no way capable of doing so.
February 16, 2009 at 8:50 AM #347587Participantair_ogi that is what I was kind of posting about. In fact both you and I want the exact same thing but we have contrasting views on people and the methodology that the administration has selected. I am very very concerned that the people who have been selected to cope with this mess are in no way capable of doing so.
February 16, 2009 at 8:50 AM #347621Participantair_ogi that is what I was kind of posting about. In fact both you and I want the exact same thing but we have contrasting views on people and the methodology that the administration has selected. I am very very concerned that the people who have been selected to cope with this mess are in no way capable of doing so.
-
AuthorPosts
- You must be logged in to reply to this topic.