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| Topic: If any Trump opponent is to deliver “The Speech,", it better rival this one. | < Next Oldest | Next Newest > |
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| Post Number: 11
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stardust14 
Group: Members
Posts: 337
Joined: Nov. 2014
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Posted on: Mar. 06 2016,1:46 pm |
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(Botto 82 @ Mar. 06 2016,11:38 am)
QUOTE
(stardust14 @ Mar. 05 2016,11:28 pm)
QUOTE Solution>Emasculation via samurai. Weak sauce. I think you meant evisceration.
We must begin somewhere. End the trickling down first. Then work up through the abdominal cavity searching for a heart. Nothing there. Continue to the top, finding only several grams of cancerous cranial matter. Remove and close up with 8 penny nails. Attach leg irons and ship to Sing Sing prison. Prisoners there will finish the operation.
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| Post Number: 12
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| Post Number: 13
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Self-Banished
Group: Members
Posts: 22684
Joined: Feb. 2006
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Posted on: Mar. 06 2016,4:50 pm |
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1. Who twisted their arm? You're not entitled to own a house, it used to be that folks worked hard and came up with 20% down. The clowns in the 90's and 2000's barely had to come up with closing fees.
2. If you had a CDL (and I seriously doubt you could pass the test) You'd probably be one of those that has an accident the just walks away (I've seen it happen)
3. If you find that disturbing, I'm considering testing for my NRA certification. 
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 Remember boys and girls,
Don’t be a Dick …
Or a “Wayne” 
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| Post Number: 14
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Rosalind_Swenson
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Posts: 1527
Joined: May 2011
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Posted on: Mar. 07 2016,1:13 am |
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Dang Stardust, you're brutal lol. I like it.
It's impossible to copy and paste the most important parts of that Financial Crisis Inquiry report since it's hundreds of pages long. So here's what the commission found being the main reasons for the crash.
• We conclude widespread failures in financial regulation and supervision
proved devastating to the stability of the nation’s financial markets.
• We conclude dramatic failures of corporate governance and risk management
at many systemically important financial institutions were a key cause of this crisis.
• We conclude a combination of excessive borrowing, risky investments, and lack
of transparency put the financial system on a collision course with crisis.
• We conclude the government was ill prepared for the crisis, and its inconsistent
response added to the uncertainty and panic in the financial markets.
• We conclude there was a systemic breakdown in accountability and ethics.
• We conclude collapsing mortgage-lending standards and the mortgage securitization
pipeline lit and spread the flame of contagion and crisis.
• We conclude over-the-counter derivatives contributed significantly to this
crisis.
• We conclude the failures of credit rating agencies were essential cogs in the
wheel of financial destruction.
As far as the bad lending policies, this is some of the things in the report:'
QUOTE Some borrowers
naively trusted mortgage brokers who earned more money placing them in risky
loans than in safe ones. With these loans, buyers were able to bid up the prices of
houses even if they didn’t have enough income to qualify for traditional loans.
...
Under the radar, the lending and the financial services industry had mutated. In
the past, lenders had avoided making unsound loans because they would be stuck
with them in their loan portfolios. But because of the growth of securitization, it
wasn’t even clear anymore who the lender was. The mortgages would be packaged,
sliced, repackaged, insured, and sold as incomprehensibly complicated debt securities
to an assortment of hungry investors. Now even the worst loans could find a buyer.
More loan sales meant higher profits for everyone in the chain.
...
She told him that besides predatory lending
practices such as flipping loans or misinforming seniors about reverse mortgages,
she also witnessed examples of growing sloppiness in paperwork: not crediting payments
appropriately or miscalculating accounts.
...
“Our multistate
investigation of Ameriquest revealed that the company engaged in the kinds of
fraudulent practices that other predatory lenders subsequently emulated on a wide
scale: inflating home appraisals; increasing the interest rates on borrowers’ loans or
switching their loans from fixed to adjustable interest rates at closing; and promising
borrowers that they could refinance their costly loans into loans with better terms in
just a few months or a year, even when borrowers had no equity to absorb another
refinance.
...
“It didn’t take Sherlock Holmes to figure out this was bogus,” Cox told the Commission.
As he tried to figure out why Ameriquest would make such obviously fraudulent
loans, a friend suggested that he “look upstream.” Cox suddenly realized that
the lenders were simply generating product to ship to Wall Street to sell to investors.
“I got that it had shifted,” Cox recalled. “The lending pattern had shifted.”
Ultimately, states and the District of Columbia joined in the lawsuit against
Ameriquest, on behalf of “more than , borrowers.” The result was a million
settlement. But during the years when the investigation was under way, between
and , Ameriquest originated another . billion in loans, which then
flowed to Wall Street for securitization.
No idea why the copy and paste thing turned all the numbers into little squares, and right now I'm not going back to fill it in.
SB, you could read the freakin report and get a little more educated on the matter. But we do realize how much you prefer to be willfully ignorant so you can blame everything on the stupid and poor.
Banks and mortgage companies lying and cheating? Not their fault.
Ratings agencies lying and cheating? Not their fault.
Banks and investment companies defrauding investors? Not their fault.
Regulators turning a blind eye or lying? Not their fault.
Banks, Investment Companies and Regulatory Agencies punishing whistleblowers for years leading up to the crisis? Not their fault.
Big banks influencing legislation to pave the way for the catastrophe? Not their fault.
Yep, if there were no poor or stupid people, everything would be just fine.
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And the light shines in the darkness, and the darkness did not comprehend it.
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| Post Number: 15
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| Post Number: 16
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stardust14
Group: Members
Posts: 337
Joined: Nov. 2014
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Posted on: Mar. 07 2016,6:44 pm |
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Rosalind, my statements may seem harsh on the surface. Reading your post listing failures of corrupt banks and government officials only reinforces actions needed. Hidden between those lines of ethical failures are decades of injustice, human suffering on a vast scale, and complacency on the part of the public. When outrage is limited to internet forums nothing will change. The French video of a crowd attacking a corrupt corporate scum is encouraging.
This country refuses to deal with the problem the nice way, as Bernie suggests. The public's hands are filthy also, cashing in while the big boys eviscerate (Botto's term) our economy, pitting us against one another. Moronic trolls aren't the problem. It's our local Chamber, neighbors, etc who buy into the game. And when their game implodes they blame others.
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grassman
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Joined: Mar. 2006
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Posted on: Mar. 08 2016,10:36 am |
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What was the Revolutionary War? Wasn't quite a bake sale now was it. Why did the war happen? You yourself have said that our govt does no longer represent us to the effect they are supposed to.
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git er done!
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| Post Number: 20
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Self-Banished
Group: Members
Posts: 22684
Joined: Feb. 2006
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Posted on: Mar. 08 2016,12:15 pm |
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Ah, sedition 
Besides the fact that Amercans during the Revolutionary War were a tough bunch, not a bunch of whining pansies screaming about free sh!t and "where's mine"
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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Is the sky blue in your world? A touch of reality in your world might be needed.