Renegade Public Forums
C&C: Renegade --> Dying since 2003™, resurrected in 2024!
Home » General Discussions » Heated Discussions and Debates » Politics - double split
Re: Splitting the record - about the virtual lock [message #400323 is a reply to message #400299] Fri, 28 August 2009 05:26 Go to previous messageGo to previous message
kadoosh is currently offline  kadoosh
Messages: 90
Registered: April 2004
Karma:
Recruit
Dover wrote on Fri, 28 August 2009 05:46

spotelmo wrote on Fri, 28 August 2009 02:18

Quote:

(Like all the people who bought houses they couldn't afford. Capitalism at it's finest!)


hmm now that isn't the fat cats buying gold bath tubs you're talking about here. that would be the lower paid working class who got a loan
#1 that they coulnd't afford
#2 without reading all the paper work
#3 that they didn't understand
#4 that they LIED to get




I was referring to the need for government regulation in the financial sector. Certain things, like giving loans to people that they shouldn't qualify for, shouldn't be allowed.

It's very easy to put all the blame on the home buyers (And, I'll admit, a good portion of the blame does rest with them), but when it's an administration's policy to "encourage" people into becoming home buyers and when it's lucrative for banks to give such loans regardless of the secondary effects down the line, there really isn't much the individual can do. There are higher powers beyond their perception or ability to influence at work.


It was the government regulations that allowed them to get the loans... When ever the government gets in the private sector it goes bad.

PS Dover get over your wealth envy...it's disturbing.
 
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Read Message
Previous Topic: GOT BANNED FROM N00BSTORIES, FOR FAIR PLAY.
Next Topic: Queenhunter's skin release political part - split
Goto Forum:
  


Current Time: Mon Nov 25 14:06:29 MST 2024

Total time taken to generate the page: 0.01891 seconds