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We are in debt up to our eyeballs to them for our homes, cars, furniture, i-pods, and and everything else our credit cards buy - then they have the gall to make us pick up the crap housing loans they were doling out to anyone with a pulse.
But don't worry, they have yet another 'twist' to give us as they sink it in - they will print another trillion out of thin air and lend it to us to pay back the bad debt they dumped on us!
Thanks Fed - we are in your debt... like, forever!!!!
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"Apparently the worst poster on CD"
(set 28 days ago)
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Quote:
Originally Posted by KRAMERCAT
The bankers have us coming and going.
We are in debt up to our eyeballs to them for our homes, cars, furniture, i-pods, and and everything else our credit cards buy - then they have the gall to make us pick up the crap housing loans they were doling out to anyone with a pulse.
But don't worry, they have yet another 'twist' to give us as they sink it in - they will print another trillion out of thin air and lend it to us to pay back the bad debt they dumped on us!
Thanks Fed - we are in your debt... like, forever!!!!
We are in debt up to our eyeballs to them for our homes, cars, furniture, i-pods, and and everything else our credit cards buy - then they have the gall to make us pick up the crap housing loans they were doling out to anyone with a pulse.
But don't worry, they have yet another 'twist' to give us as they sink it in - they will print another trillion out of thin air and lend it to us to pay back the bad debt they dumped on us!
Thanks Fed - we are in your debt... like, forever!!!!
Speak for yourself. When most of my capital was in the form of human potential, I used credit to make life better for my family. Now that I have turned more of my potential into cash, I use credit only for real estate--not for furniture, cars, or i-pods. If you have i-pods on your credit card, you better be able to afford it or you are a moron.
Interesting that you would castigate the banks instead of the deadbeats that took the loans to buy houses they could not afford, frequently using "liars loans" to misrepresent their ability to repay.
Now, your point of view holds sway in Washington--we are crippling our banks with Dodd-Frank and attorney-generals campaigns and lawsuits, driving up costs and limiting income with deleterious effects on capital--not realizing that a vibrant banking system is a prerequisite for a healthy economy.
And the worse that private enterprise suffers, the more government expands to try to fill the gap which cannot be filled by government.
Only problem with your theory is that the banks are not crippled, but are turning to other means to make up for their shortfall in the bonuses they give out.
Fortunately, I actually think that the recent regulation was actually a win win scenario for America.
Big Banks like BOA have resorted to adding on fees to the customers rather than small business's, and thanks to the free market, many are ditching them in droves.
Those hidden costs to small business's are now being shouldered onto the consumer, and the free market will soon dictate the winners and loosers, and it will not be BOA.
Quote:
not realizing that a vibrant banking system is a prerequisite for a healthy economy.
Vote Ron Paul
Down with the Banksters and Parasites running our government!
These people are leeches and parasites, and the sooner we break from the excessive usury and fees, the better we will be.
If we got rid of Wall Street, prices would come down on so many things, because they help inflate the costs of living with their ill gotten games, by blowing bubbles to enrich themselves.
The government is proof of this with the education bubble, the housing bubble, and the medical industry bubble, because it is Wall Street standing right on top of that taking in the profits from it.
Speak for yourself. When most of my capital was in the form of human potential, I used credit to make life better for my family. Now that I have turned more of my potential into cash, I use credit only for real estate--not for furniture, cars, or i-pods. If you have i-pods on your credit card, you better be able to afford it or you are a moron.
Interesting that you would castigate the banks instead of the deadbeats that took the loans to buy houses they could not afford, frequently using "liars loans" to misrepresent their ability to repay.
Now, your point of view holds sway in Washington--we are crippling our banks with Dodd-Frank and attorney-generals campaigns and lawsuits, driving up costs and limiting income with deleterious effects on capital--not realizing that a vibrant banking system is a prerequisite for a healthy economy.
And the worse that private enterprise suffers, the more government expands to try to fill the gap which cannot be filled by government.
I don't blame the 'deadbeats' who jumped at the chance to own their own home and get a piece of the easy money real estate frenzy, I blame the bankers who gave them the loans. The real victims, of course, are the taxpayers who are stuck with the bailout bill. If voters had any sense, they would vote in a Ron Paul, who is the only one currently with the courage and intelligence to take on the bankers. Fortunately, I am one of the few that doesn't carry credit card debt - perhaps it's because I don't enjoy the feeling of owing money to anyone. I do have a home mortgage however, so the bank does own that part of me.
hmm, the banks own everything? well lets see, i have three cars, all of them paid off, my mom has one car, paid off, my mom owns her house, mortgage paid off years ago, credit cards paid off each month, no outstanding loans of any kind. so i guess the OP is wrong, the banks dont own everything.
Speak for yourself. When most of my capital was in the form of human potential, I used credit to make life better for my family. Now that I have turned more of my potential into cash, I use credit only for real estate--not for furniture, cars, or i-pods. If you have i-pods on your credit card, you better be able to afford it or you are a moron.
Interesting that you would castigate the banks instead of the deadbeats that took the loans to buy houses they could not afford, frequently using "liars loans" to misrepresent their ability to repay.
Now, your point of view holds sway in Washington--we are crippling our banks with Dodd-Frank and attorney-generals campaigns and lawsuits, driving up costs and limiting income with deleterious effects on capital--not realizing that a vibrant banking system is a prerequisite for a healthy economy.
And the worse that private enterprise suffers, the more government expands to try to fill the gap which cannot be filled by government.
And that is the truth!
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