[XBoxBoy]

gdcox claims: You cannot blame banks when the applicant and broker collude to lie about income.

If the bank willing turned a blind eye, knowing that they would unload the loan to someone else before it went south, then yes I think the banks deserve just as much blame. It is astonishing to me that banks went along with this whole no-doc thing. What person or business lends out money without verifying that the person is who they say they are, and that they stand a reasonable chance of being repaid?

Also, you say we’ve lost respect for the law and I would say that we’ve never had respect for the law in this country. But what we have lost is respect for honesty, which I do believe we used to have respect for. And that is indeed much more of a threat to the USA than Iranians.

XBoxBoy

[XBoxBoy]

gdcox claims: You cannot blame banks when the applicant and broker collude to lie about income.

If the bank willing turned a blind eye, knowing that they would unload the loan to someone else before it went south, then yes I think the banks deserve just as much blame. It is astonishing to me that banks went along with this whole no-doc thing. What person or business lends out money without verifying that the person is who they say they are, and that they stand a reasonable chance of being repaid?

Also, you say we’ve lost respect for the law and I would say that we’ve never had respect for the law in this country. But what we have lost is respect for honesty, which I do believe we used to have respect for. And that is indeed much more of a threat to the USA than Iranians.

XBoxBoy

[XBoxBoy]

gdcox claims: You cannot blame banks when the applicant and broker collude to lie about income.

If the bank willing turned a blind eye, knowing that they would unload the loan to someone else before it went south, then yes I think the banks deserve just as much blame. It is astonishing to me that banks went along with this whole no-doc thing. What person or business lends out money without verifying that the person is who they say they are, and that they stand a reasonable chance of being repaid?

Also, you say we’ve lost respect for the law and I would say that we’ve never had respect for the law in this country. But what we have lost is respect for honesty, which I do believe we used to have respect for. And that is indeed much more of a threat to the USA than Iranians.

XBoxBoy

[XBoxBoy]

When you are college age, anywhere that is not where your friends are, is just too dang boring for words.

Sounds to me like your daughter is out enjoying life, and is itching to get out into the world. All normal healthy things for a college age person. Celebrate the fact that you’ve raised a daughter who is bright enough to go to Berkeley and is looking forward to life. And forgive her for no longer finding you as the center of her life.

As to the question, is San Diego boring? Depends on if this is where your friends and the ones you care about are. You know, it doesn’t really change no matter what age you are.

XBoxBoy

[XBoxBoy]

When you are college age, anywhere that is not where your friends are, is just too dang boring for words.

Sounds to me like your daughter is out enjoying life, and is itching to get out into the world. All normal healthy things for a college age person. Celebrate the fact that you’ve raised a daughter who is bright enough to go to Berkeley and is looking forward to life. And forgive her for no longer finding you as the center of her life.

As to the question, is San Diego boring? Depends on if this is where your friends and the ones you care about are. You know, it doesn’t really change no matter what age you are.

XBoxBoy

[XBoxBoy]

When you are college age, anywhere that is not where your friends are, is just too dang boring for words.

Sounds to me like your daughter is out enjoying life, and is itching to get out into the world. All normal healthy things for a college age person. Celebrate the fact that you’ve raised a daughter who is bright enough to go to Berkeley and is looking forward to life. And forgive her for no longer finding you as the center of her life.

As to the question, is San Diego boring? Depends on if this is where your friends and the ones you care about are. You know, it doesn’t really change no matter what age you are.

XBoxBoy

[XBoxBoy]

When you are college age, anywhere that is not where your friends are, is just too dang boring for words.

Sounds to me like your daughter is out enjoying life, and is itching to get out into the world. All normal healthy things for a college age person. Celebrate the fact that you’ve raised a daughter who is bright enough to go to Berkeley and is looking forward to life. And forgive her for no longer finding you as the center of her life.

As to the question, is San Diego boring? Depends on if this is where your friends and the ones you care about are. You know, it doesn’t really change no matter what age you are.

XBoxBoy

[XBoxBoy]

When you are college age, anywhere that is not where your friends are, is just too dang boring for words.

Sounds to me like your daughter is out enjoying life, and is itching to get out into the world. All normal healthy things for a college age person. Celebrate the fact that you’ve raised a daughter who is bright enough to go to Berkeley and is looking forward to life. And forgive her for no longer finding you as the center of her life.

As to the question, is San Diego boring? Depends on if this is where your friends and the ones you care about are. You know, it doesn’t really change no matter what age you are.

XBoxBoy

[XBoxBoy]

The rumor that Israel is going to attack Iran is gaining ground.

[XBoxBoy]

The rumor that Israel is going to attack Iran is gaining ground.

[XBoxBoy]

The rumor that Israel is going to attack Iran is gaining ground.

[XBoxBoy]

The rumor that Israel is going to attack Iran is gaining ground.

[XBoxBoy]

The rumor that Israel is going to attack Iran is gaining ground.

[XBoxBoy]

The best scenario would be for the government to stay out of things, and to let the markets do what they need to do. That would return prices to where they are valued by the market, and would greatly discourage people from participating in a future bubble like the one we are witnessing pop. It might be unpleasant medicine, but it would be far better in the long run.

However, I can pretty much guarantee that won’t happen. Of course what will happen is a constant flow of government bailouts, either to investment banks as loans, or to joe6pack in the form of stimulus checks. Mix with that a healthy dose of inflation (does anyone seriously believe the government reported figures of only 2-3%?)

As to what’s the best we can hope for? Personally, I think it would be for those investing money in the US to get a clue as to how bad their investments are turning out and to do something about it.

Ironically, that might be starting to happen. A while back a Saudi oil minister was quoted as saying that for every percent the dollar fell, oil prices had to rise by $5. I’ve started to wonder if OPEC isn’t quietly telling Bush and Paulson behind doors that if they don’t stop the dollar’s decline, the oil countries are going to make them pay. This would explain a number of recent comments by fed officials and others about stopping lowering interest rates. Of course I could be all wet, and in desperate need of removing my tin foil hat.

Just my thoughts,

XBoxBoy

[XBoxBoy]

The best scenario would be for the government to stay out of things, and to let the markets do what they need to do. That would return prices to where they are valued by the market, and would greatly discourage people from participating in a future bubble like the one we are witnessing pop. It might be unpleasant medicine, but it would be far better in the long run.

However, I can pretty much guarantee that won’t happen. Of course what will happen is a constant flow of government bailouts, either to investment banks as loans, or to joe6pack in the form of stimulus checks. Mix with that a healthy dose of inflation (does anyone seriously believe the government reported figures of only 2-3%?)

As to what’s the best we can hope for? Personally, I think it would be for those investing money in the US to get a clue as to how bad their investments are turning out and to do something about it.

Ironically, that might be starting to happen. A while back a Saudi oil minister was quoted as saying that for every percent the dollar fell, oil prices had to rise by $5. I’ve started to wonder if OPEC isn’t quietly telling Bush and Paulson behind doors that if they don’t stop the dollar’s decline, the oil countries are going to make them pay. This would explain a number of recent comments by fed officials and others about stopping lowering interest rates. Of course I could be all wet, and in desperate need of removing my tin foil hat.

Just my thoughts,

XBoxBoy

[Author]

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