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TheBreeze
Participant[quote=paramount]Like RL said today, there are 2 groups of people in all of this:
1. Those who largely committed fraud buying a house they could not afford, and
2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.
[/quote]
Very well said, paramount.
Participant[quote=paramount]Like RL said today, there are 2 groups of people in all of this:
1. Those who largely committed fraud buying a house they could not afford, and
2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.
[/quote]
Very well said, paramount.
Participant[quote=paramount]Like RL said today, there are 2 groups of people in all of this:
1. Those who largely committed fraud buying a house they could not afford, and
2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.
[/quote]
Very well said, paramount.
Participant[quote=paramount]Like RL said today, there are 2 groups of people in all of this:
1. Those who largely committed fraud buying a house they could not afford, and
2. Those who could afford their home, but didn’t do any research, got caught up in the speculative mania with large dollar signs in their eyes, paid too much by any reasonable historic measure, and now want a taxpayer bailout.
[/quote]
Very well said, paramount.
ParticipantI’m all for higher taxes on the super-rich. I can’t believe our representatives are so cowardly as to raise taxes equally across the board. This is an outrage!
ParticipantI’m all for higher taxes on the super-rich. I can’t believe our representatives are so cowardly as to raise taxes equally across the board. This is an outrage!
ParticipantI’m all for higher taxes on the super-rich. I can’t believe our representatives are so cowardly as to raise taxes equally across the board. This is an outrage!
ParticipantI’m all for higher taxes on the super-rich. I can’t believe our representatives are so cowardly as to raise taxes equally across the board. This is an outrage!
ParticipantI’m all for higher taxes on the super-rich. I can’t believe our representatives are so cowardly as to raise taxes equally across the board. This is an outrage!
Participant[quote=sdnerd]From your stance, I am similar to a welfare queen because I took out a business loan from a bank without verifying if they had sufficient collateral to make the loan. Of course I paid back the entire loan, and all of it’s interest. And the government certainly had no qualms in taxing the crap out of myself and my company last year.
[/quote]No, I was talking about whether you put up sufficient collateral. I doubt you did and that is because our banks are run on socialist foundations. If you had defaulted, would the bank have been able to get back its principal?
And if you think you’re ‘success’ means anything, you should read the book Fooled By Randomness. For every ‘business person’ like yourself who gets lucky and doesn’t default, there are 9 who fail. Of course, the runners of ‘successful’ businesses always give all the credit to themselves and none of it to luck which likely played a large part in your ‘success’.
Participant[quote=sdnerd]From your stance, I am similar to a welfare queen because I took out a business loan from a bank without verifying if they had sufficient collateral to make the loan. Of course I paid back the entire loan, and all of it’s interest. And the government certainly had no qualms in taxing the crap out of myself and my company last year.
[/quote]No, I was talking about whether you put up sufficient collateral. I doubt you did and that is because our banks are run on socialist foundations. If you had defaulted, would the bank have been able to get back its principal?
And if you think you’re ‘success’ means anything, you should read the book Fooled By Randomness. For every ‘business person’ like yourself who gets lucky and doesn’t default, there are 9 who fail. Of course, the runners of ‘successful’ businesses always give all the credit to themselves and none of it to luck which likely played a large part in your ‘success’.
Participant[quote=sdnerd]From your stance, I am similar to a welfare queen because I took out a business loan from a bank without verifying if they had sufficient collateral to make the loan. Of course I paid back the entire loan, and all of it’s interest. And the government certainly had no qualms in taxing the crap out of myself and my company last year.
[/quote]No, I was talking about whether you put up sufficient collateral. I doubt you did and that is because our banks are run on socialist foundations. If you had defaulted, would the bank have been able to get back its principal?
And if you think you’re ‘success’ means anything, you should read the book Fooled By Randomness. For every ‘business person’ like yourself who gets lucky and doesn’t default, there are 9 who fail. Of course, the runners of ‘successful’ businesses always give all the credit to themselves and none of it to luck which likely played a large part in your ‘success’.
Participant[quote=sdnerd]From your stance, I am similar to a welfare queen because I took out a business loan from a bank without verifying if they had sufficient collateral to make the loan. Of course I paid back the entire loan, and all of it’s interest. And the government certainly had no qualms in taxing the crap out of myself and my company last year.
[/quote]No, I was talking about whether you put up sufficient collateral. I doubt you did and that is because our banks are run on socialist foundations. If you had defaulted, would the bank have been able to get back its principal?
And if you think you’re ‘success’ means anything, you should read the book Fooled By Randomness. For every ‘business person’ like yourself who gets lucky and doesn’t default, there are 9 who fail. Of course, the runners of ‘successful’ businesses always give all the credit to themselves and none of it to luck which likely played a large part in your ‘success’.
Participant[quote=sdnerd]From your stance, I am similar to a welfare queen because I took out a business loan from a bank without verifying if they had sufficient collateral to make the loan. Of course I paid back the entire loan, and all of it’s interest. And the government certainly had no qualms in taxing the crap out of myself and my company last year.
[/quote]No, I was talking about whether you put up sufficient collateral. I doubt you did and that is because our banks are run on socialist foundations. If you had defaulted, would the bank have been able to get back its principal?
And if you think you’re ‘success’ means anything, you should read the book Fooled By Randomness. For every ‘business person’ like yourself who gets lucky and doesn’t default, there are 9 who fail. Of course, the runners of ‘successful’ businesses always give all the credit to themselves and none of it to luck which likely played a large part in your ‘success’.
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