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Which would you rather have: someone who admits that the economy is not his strong suit and so be humble enough to seek out and apply the best advice he can get or someone who is a know-it-all but who has demonstrated no particular competence in any area, including the economy?
Phil Gramm and Helicopter Ben are the best advice? Since McCain admits he knows nothing, they'll just run the show for him. What's a little hyperinflation between friends?
Which would you rather have: someone who admits that the economy is not his strong suit and so be humble enough to seek out and apply the best advice he can get or someone who is a know-it-all but who has demonstrated no particular competence in any area, including the economy?
You've got to be kidding? I'd take the brightest "grad students" from 2007 vs. the current bunch. Do you really understand the ramifications of Senator Gramm's work in Banking deregulation and the current housing mess? And this who you would support to move UP the chain towards managing the ENTIRE Economy?!!
You've got to be kidding? I'd take the brightest "grad students" from 2007 vs. the current bunch. Do you really understand the ramifications of Senator Gramm's work in Banking deregulation and the current housing mess? And this who you would support to move UP the chain towards managing the ENTIRE Economy?!!
We could survive, even thrive with bank deregulation if we didn't have a Federal Reserve playing the price fixing game. But the powers that be want one, so therefore we need a bazillion different government organizations to regulate the marketplace.
If interest rates were set by the market and not by a central bank, it would remove the unnecessary amount of regulation.
The people mostly responsible for the housing mess are the jackasses who make $1500/mo yet thought they could somehow afford that $900,000 house, and the speculators who artificially inflated their values.
Granted, the lenders should have been more thorough, but the bottom line is these people knew what they were getting into. And many of them fudged their incomes to get the loan. It's really not the Fed's fault if you're a dumbass.
I read a story the other day about some guy who bought 9 houses as investments. Now he's crying about how he's going bankrupt, as if he didn't know the risks. People are so funny...
The people mostly responsible for the housing mess are the jackasses who make $1500/mo yet thought they could somehow afford that $900,000 house, and the speculators who artificially inflated their values.
If the Fed rates weren't 1%, do you think anyone would lend these people money?
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Granted, the lenders should have been more thorough, but the bottom line is these people knew what they were getting into. And many of them fudged their incomes to get the loan. It's really not the Fed's fault if you're a dumbass.
The Fed is going to make all holders of US dollars pay for their mess by debasing the dollar to bail out Bear and other investment banks.
They're going to be buying up bad car and credit card debt soon.
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I read a story the other day about some guy who bought 9 houses as investments. Now he's crying about how he's going bankrupt, as if he didn't know the risks. People are so funny...
Yeah, that was pretty stupid. With bubbles enter fools.
The people mostly responsible for the housing mess are the jackasses who make $1500/mo yet thought they could somehow afford that $900,000 house, and the speculators who artificially inflated their values.
Granted, the lenders should have been more thorough, but the bottom line is these people knew what they were getting into. And many of them fudged their incomes to get the loan. It's really not the Fed's fault if you're a dumbass.
I read a story the other day about some guy who bought 9 houses as investments. Now he's crying about how he's going bankrupt, as if he didn't know the risks. People are so funny...
You're way off base. And for me to comment further would absolutely hijack this thread and shut it down, and that's not fair to the OP.
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