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November 23, 2009 at 1:01 PM #486684November 23, 2009 at 2:37 PM #485844
ucodegen
ParticipantCapitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.
Not correct. They work when the economies ‘tampered’ with to eliminate consequences to individual actions. Think economic Darwin’s Law. Those that make the rational decisions are rewarded.. those that don’t get penalized. Right now, we have something that is almost opposite of that. Those that made irrational decisions are being rewarded and those that made rational decisions are being penalized.
November 23, 2009 at 2:37 PM #486011ParticipantCapitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.
Not correct. They work when the economies ‘tampered’ with to eliminate consequences to individual actions. Think economic Darwin’s Law. Those that make the rational decisions are rewarded.. those that don’t get penalized. Right now, we have something that is almost opposite of that. Those that made irrational decisions are being rewarded and those that made rational decisions are being penalized.
November 23, 2009 at 2:37 PM #486384ParticipantCapitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.
Not correct. They work when the economies ‘tampered’ with to eliminate consequences to individual actions. Think economic Darwin’s Law. Those that make the rational decisions are rewarded.. those that don’t get penalized. Right now, we have something that is almost opposite of that. Those that made irrational decisions are being rewarded and those that made rational decisions are being penalized.
November 23, 2009 at 2:37 PM #486470ParticipantCapitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.
Not correct. They work when the economies ‘tampered’ with to eliminate consequences to individual actions. Think economic Darwin’s Law. Those that make the rational decisions are rewarded.. those that don’t get penalized. Right now, we have something that is almost opposite of that. Those that made irrational decisions are being rewarded and those that made rational decisions are being penalized.
November 23, 2009 at 2:37 PM #486699ParticipantCapitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.
Not correct. They work when the economies ‘tampered’ with to eliminate consequences to individual actions. Think economic Darwin’s Law. Those that make the rational decisions are rewarded.. those that don’t get penalized. Right now, we have something that is almost opposite of that. Those that made irrational decisions are being rewarded and those that made rational decisions are being penalized.
November 23, 2009 at 3:05 PM #485863Vishon
ParticipantIt is difficult to swim against the current.
There is a giant racket working to hustle money out of real estate. Driven by greed, the financial institutions created CDOs, investors poured money to buy them. The government enjoyed additional revenue stream, and the home buyers got to own homes.
Now that the racket is busted, the government is doing it its best to repair the racket, pumping money into the banks, providing low % mortgages, offering loan modifications, giving tax incentives and etc… The banks are doing their best, holding off the inventories by delaying the default process.
It might seems like an absurd conspiracy theory, but it is happening right in front of us. The government wants to keep the racket up. It will keep the constituents happy, keep the revenue stream high. Why would the government let the market run its course. The situation seems to make a lot more sense in this model, at least for me.
From this perspective, it really might be morally acceptable to strategically default. It is part of the game.
One might even want to expand on this concept. Suddenly the hidden cast in the society might just reveal itself. The have will have more because the power of the government backs them up. Just look at the banks (GS especially), after losing all the money, and with all the toxic assets still on their balance sheet, they were able to report record profit, which isn’t hard to do when the government is giving them free money.
Compare to all that, should we even focus on a single person choose to walk away for his financial interest?
Let’s finish this up with a quote from a gangster himself:
“Its a racket. Those stock market guys are crooked.” – Al Capone
Can the same be said today?
November 23, 2009 at 3:05 PM #486031ParticipantIt is difficult to swim against the current.
There is a giant racket working to hustle money out of real estate. Driven by greed, the financial institutions created CDOs, investors poured money to buy them. The government enjoyed additional revenue stream, and the home buyers got to own homes.
Now that the racket is busted, the government is doing it its best to repair the racket, pumping money into the banks, providing low % mortgages, offering loan modifications, giving tax incentives and etc… The banks are doing their best, holding off the inventories by delaying the default process.
It might seems like an absurd conspiracy theory, but it is happening right in front of us. The government wants to keep the racket up. It will keep the constituents happy, keep the revenue stream high. Why would the government let the market run its course. The situation seems to make a lot more sense in this model, at least for me.
From this perspective, it really might be morally acceptable to strategically default. It is part of the game.
One might even want to expand on this concept. Suddenly the hidden cast in the society might just reveal itself. The have will have more because the power of the government backs them up. Just look at the banks (GS especially), after losing all the money, and with all the toxic assets still on their balance sheet, they were able to report record profit, which isn’t hard to do when the government is giving them free money.
Compare to all that, should we even focus on a single person choose to walk away for his financial interest?
Let’s finish this up with a quote from a gangster himself:
“Its a racket. Those stock market guys are crooked.” – Al Capone
Can the same be said today?
November 23, 2009 at 3:05 PM #486403ParticipantIt is difficult to swim against the current.
There is a giant racket working to hustle money out of real estate. Driven by greed, the financial institutions created CDOs, investors poured money to buy them. The government enjoyed additional revenue stream, and the home buyers got to own homes.
Now that the racket is busted, the government is doing it its best to repair the racket, pumping money into the banks, providing low % mortgages, offering loan modifications, giving tax incentives and etc… The banks are doing their best, holding off the inventories by delaying the default process.
It might seems like an absurd conspiracy theory, but it is happening right in front of us. The government wants to keep the racket up. It will keep the constituents happy, keep the revenue stream high. Why would the government let the market run its course. The situation seems to make a lot more sense in this model, at least for me.
From this perspective, it really might be morally acceptable to strategically default. It is part of the game.
One might even want to expand on this concept. Suddenly the hidden cast in the society might just reveal itself. The have will have more because the power of the government backs them up. Just look at the banks (GS especially), after losing all the money, and with all the toxic assets still on their balance sheet, they were able to report record profit, which isn’t hard to do when the government is giving them free money.
Compare to all that, should we even focus on a single person choose to walk away for his financial interest?
Let’s finish this up with a quote from a gangster himself:
“Its a racket. Those stock market guys are crooked.” – Al Capone
Can the same be said today?
November 23, 2009 at 3:05 PM #486490ParticipantIt is difficult to swim against the current.
There is a giant racket working to hustle money out of real estate. Driven by greed, the financial institutions created CDOs, investors poured money to buy them. The government enjoyed additional revenue stream, and the home buyers got to own homes.
Now that the racket is busted, the government is doing it its best to repair the racket, pumping money into the banks, providing low % mortgages, offering loan modifications, giving tax incentives and etc… The banks are doing their best, holding off the inventories by delaying the default process.
It might seems like an absurd conspiracy theory, but it is happening right in front of us. The government wants to keep the racket up. It will keep the constituents happy, keep the revenue stream high. Why would the government let the market run its course. The situation seems to make a lot more sense in this model, at least for me.
From this perspective, it really might be morally acceptable to strategically default. It is part of the game.
One might even want to expand on this concept. Suddenly the hidden cast in the society might just reveal itself. The have will have more because the power of the government backs them up. Just look at the banks (GS especially), after losing all the money, and with all the toxic assets still on their balance sheet, they were able to report record profit, which isn’t hard to do when the government is giving them free money.
Compare to all that, should we even focus on a single person choose to walk away for his financial interest?
Let’s finish this up with a quote from a gangster himself:
“Its a racket. Those stock market guys are crooked.” – Al Capone
Can the same be said today?
November 23, 2009 at 3:05 PM #486719ParticipantIt is difficult to swim against the current.
There is a giant racket working to hustle money out of real estate. Driven by greed, the financial institutions created CDOs, investors poured money to buy them. The government enjoyed additional revenue stream, and the home buyers got to own homes.
Now that the racket is busted, the government is doing it its best to repair the racket, pumping money into the banks, providing low % mortgages, offering loan modifications, giving tax incentives and etc… The banks are doing their best, holding off the inventories by delaying the default process.
It might seems like an absurd conspiracy theory, but it is happening right in front of us. The government wants to keep the racket up. It will keep the constituents happy, keep the revenue stream high. Why would the government let the market run its course. The situation seems to make a lot more sense in this model, at least for me.
From this perspective, it really might be morally acceptable to strategically default. It is part of the game.
One might even want to expand on this concept. Suddenly the hidden cast in the society might just reveal itself. The have will have more because the power of the government backs them up. Just look at the banks (GS especially), after losing all the money, and with all the toxic assets still on their balance sheet, they were able to report record profit, which isn’t hard to do when the government is giving them free money.
Compare to all that, should we even focus on a single person choose to walk away for his financial interest?
Let’s finish this up with a quote from a gangster himself:
“Its a racket. Those stock market guys are crooked.” – Al Capone
Can the same be said today?
November 23, 2009 at 4:24 PM #485875NotCranky
Participant[quote=Allan from Fallbrook]Russ: Now, that’s some diabolical shit there! Yeah, who needs more oversight and regulation, right? We did away with all those nefarious schemes in the ’08 crash.
Damn. This shit just never stops, does it?[/quote]
We all know the banks and the Gov. are corrupt together. Maybe,it is a primitive sense of competition maybe it is idealism but I prefer my relative equal, the FB, does not get head of the line priveleges for the nations resources in a corrupt deal that hurts tax payers and inflates real estate.
The competition part may be simple jealousy. I busted my butt and sacrificed on fun and games to have a relatively tiny mortgage and a rental that will cash flow. I hate to see some FB-hyper- consumers get a huge get out of jail free card passed to them.(even though I might like these neighbors otherwise).I do know some people are just so nice you want them to get all the breaks, but many were just blowhard hyper-consumers.
On the idealism front, I like the people against the gov. and the banks ,rather than the people against the gov. , banks and some of people. We will have been even further divided and conquered, by various consequences of debt when a large percentage of the population is rewarded in a big way for screwing it up. This is especially bothersome when contrasted with the actual suffering of sick lame and crazies, or much more responsible people who have problems but won’t fall under any “rescue” package and may have to liquidate real assets at substantial losses to get through this “crisis”, while the FB’s and crooks get breaks and eat up the nations capacity for charity or other safety nets, like employment and a relatively stable economy.
Anyway as far as financial advise to FB’S go, just hang in there for another few months. Keep kicking and screaming at anyone you can and you will probably get a load taken off.Congratulations in advance.
November 23, 2009 at 4:24 PM #486043Participant[quote=Allan from Fallbrook]Russ: Now, that’s some diabolical shit there! Yeah, who needs more oversight and regulation, right? We did away with all those nefarious schemes in the ’08 crash.
Damn. This shit just never stops, does it?[/quote]
We all know the banks and the Gov. are corrupt together. Maybe,it is a primitive sense of competition maybe it is idealism but I prefer my relative equal, the FB, does not get head of the line priveleges for the nations resources in a corrupt deal that hurts tax payers and inflates real estate.
The competition part may be simple jealousy. I busted my butt and sacrificed on fun and games to have a relatively tiny mortgage and a rental that will cash flow. I hate to see some FB-hyper- consumers get a huge get out of jail free card passed to them.(even though I might like these neighbors otherwise).I do know some people are just so nice you want them to get all the breaks, but many were just blowhard hyper-consumers.
On the idealism front, I like the people against the gov. and the banks ,rather than the people against the gov. , banks and some of people. We will have been even further divided and conquered, by various consequences of debt when a large percentage of the population is rewarded in a big way for screwing it up. This is especially bothersome when contrasted with the actual suffering of sick lame and crazies, or much more responsible people who have problems but won’t fall under any “rescue” package and may have to liquidate real assets at substantial losses to get through this “crisis”, while the FB’s and crooks get breaks and eat up the nations capacity for charity or other safety nets, like employment and a relatively stable economy.
Anyway as far as financial advise to FB’S go, just hang in there for another few months. Keep kicking and screaming at anyone you can and you will probably get a load taken off.Congratulations in advance.
November 23, 2009 at 4:24 PM #486417Participant[quote=Allan from Fallbrook]Russ: Now, that’s some diabolical shit there! Yeah, who needs more oversight and regulation, right? We did away with all those nefarious schemes in the ’08 crash.
Damn. This shit just never stops, does it?[/quote]
We all know the banks and the Gov. are corrupt together. Maybe,it is a primitive sense of competition maybe it is idealism but I prefer my relative equal, the FB, does not get head of the line priveleges for the nations resources in a corrupt deal that hurts tax payers and inflates real estate.
The competition part may be simple jealousy. I busted my butt and sacrificed on fun and games to have a relatively tiny mortgage and a rental that will cash flow. I hate to see some FB-hyper- consumers get a huge get out of jail free card passed to them.(even though I might like these neighbors otherwise).I do know some people are just so nice you want them to get all the breaks, but many were just blowhard hyper-consumers.
On the idealism front, I like the people against the gov. and the banks ,rather than the people against the gov. , banks and some of people. We will have been even further divided and conquered, by various consequences of debt when a large percentage of the population is rewarded in a big way for screwing it up. This is especially bothersome when contrasted with the actual suffering of sick lame and crazies, or much more responsible people who have problems but won’t fall under any “rescue” package and may have to liquidate real assets at substantial losses to get through this “crisis”, while the FB’s and crooks get breaks and eat up the nations capacity for charity or other safety nets, like employment and a relatively stable economy.
Anyway as far as financial advise to FB’S go, just hang in there for another few months. Keep kicking and screaming at anyone you can and you will probably get a load taken off.Congratulations in advance.
November 23, 2009 at 4:24 PM #486502Participant[quote=Allan from Fallbrook]Russ: Now, that’s some diabolical shit there! Yeah, who needs more oversight and regulation, right? We did away with all those nefarious schemes in the ’08 crash.
Damn. This shit just never stops, does it?[/quote]
We all know the banks and the Gov. are corrupt together. Maybe,it is a primitive sense of competition maybe it is idealism but I prefer my relative equal, the FB, does not get head of the line priveleges for the nations resources in a corrupt deal that hurts tax payers and inflates real estate.
The competition part may be simple jealousy. I busted my butt and sacrificed on fun and games to have a relatively tiny mortgage and a rental that will cash flow. I hate to see some FB-hyper- consumers get a huge get out of jail free card passed to them.(even though I might like these neighbors otherwise).I do know some people are just so nice you want them to get all the breaks, but many were just blowhard hyper-consumers.
On the idealism front, I like the people against the gov. and the banks ,rather than the people against the gov. , banks and some of people. We will have been even further divided and conquered, by various consequences of debt when a large percentage of the population is rewarded in a big way for screwing it up. This is especially bothersome when contrasted with the actual suffering of sick lame and crazies, or much more responsible people who have problems but won’t fall under any “rescue” package and may have to liquidate real assets at substantial losses to get through this “crisis”, while the FB’s and crooks get breaks and eat up the nations capacity for charity or other safety nets, like employment and a relatively stable economy.
Anyway as far as financial advise to FB’S go, just hang in there for another few months. Keep kicking and screaming at anyone you can and you will probably get a load taken off.Congratulations in advance.
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