quote:

Originally posted by Fledz He's not just frustrating, he's dangerous. He's the exact type of person that ends up in a position of power and fucks everything up because of it. It would be far better if he was a stupid idiot.

LOL!

You know we love you but please for the love of everything in existence, never ever go into politics.

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Originally posted by Fledz You know we love you but please for the love of everything in existence, never ever go into politics.

If it makes you feel any better, I would never run for elected office... aside from all the personal dirty laundry I'd never want aired, I simply couldn't handle the pay cut.

But think of all the hooker scandals you could be publicly ousted for! The airport bathroom stalls one could footsy around in! So much wasted potential in you.

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Originally posted by Nrg2Nfinit right. Next thing you know your going to blame visa for not being able to pay your credit card. Give me a break. Sure the banks are responsible, but also the "homeowners" who purchased these absurd mortgages. its always easy to blame the big fish, the guy with alot of money. Its the easy thing to do. Anways i dont mind. This market pullback gives cheaper prices for buying opportunities. Continue on with this sensless goldman sachs bashing. Institutional investors are racking in on their short positions.

This is the sort of response, right here, which poses a singular narrative mythology that attempts to justify the financial calamity. I saw the Fareed Zakaria interview with Goldman Sachs' Lloyd Blankfein and while he echoed, in much more familiar terms, the same mythology you're purporting, he left out a few details that make his and your arguments incredulous.

The fact of the matter is that the financial calamity was caused by so many complex mechanisms operated by multiple companies that your reduction of my argument to a singular straw-man logical fallacy belies an ignorance so impermeable, I would have a better chance of having a fruitful conversation with a dog about why he should refrain from eating as much as he wanted to, in spite of his biological compulsion to eat whenever food is made available to him.

You either have an unsatisfied narrative with which you are insecure enough to require validation for or you are simply trolling. In either case, you're clearly not interested in the truth.

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Originally posted by EddieZilker This is the sort of response, right here, which poses a singular narrative mythology that attempts to justify the financial calamity. I saw the Fareed Zakaria interview with Goldman Sachs' Lloyd Blankfein and while he echoed, in much more familiar terms, the same mythology you're purporting, he left out a few details that make his and your arguments incredulous.

Again, I ask you, as you seem to avoid everything which i said in my previous post, who went in over there head to purchase these outlandish mortgages knowing they were high risk?

Who defaulted on their mortgages?

If i am going to lend you money, i will lend it on terms that I decide, not you since it is my money. If you don't follow the rules to my loan, i take your assets. This is the premise here. If you don't want a loan, then work, rent and save until you can afford what you want.
The customer is equally as responsible as the bank here and you seem to neglect this fact and go on to say "complex mechanisms run by companies are at fault". I suggest, instead of wasting time with your thesaurus, that you read up on these "complex mechanisms" and you'll find that they are simply statistical models with cost beneifit outcomes that give a profitable outcome towards the company. Whats wrong with that? I lend you money, i expect some sort of return on it. Isn't that the merit of lending money or am i living under a rock here?

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The fact of the matter is that the financial calamity was caused by so many complex mechanisms operated by multiple companies that your reduction of my argument to a singular straw-man logical fallacy belies an ignorance so impermeable, I would have a better chance of having a fruitful conversation with a dog about why he should refrain from eating as much as he wanted to, in spite of his biological compulsion to eat whenever food is made available to him.

no, actually its quite simple. I make a mortgage that is high risk so i can cash in on interest payments quickly and make money to have a good bottom line, while you're owning a million dollar house with your 30,000 dollar a year salary hoping that your mortgage rates don't go up while you foolishly live on loads of credit paying credit card with credit card etc. Both parties are equally at fault. This is a classic case of greed vs stupidity. Haven't you heard the sayings, "if its too good to be true, it probably is?" "If you can't afford it don't buy it?" Are you defending the idiot consumer? or are you just one of them who found a nice thesaurus in the pawn shop. I suggest you use it on your dog to communicate with him as he will give you the satisfying response you are looking for. "ruff ruff"

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You either have an unsatisfied narrative with which you are insecure enough to require validation for or you are simply trolling. In either case, you're clearly not interested in the truth.

please tell me what the truth is michael moore. Goldman sachs is guilty of nothing Except non disclosure of fund mechanics to its investors. Something that is VERY VERY VERY VERY common in the market today, especially with etfs (which i heavily trade). The fact of the matter is the following. You are investing in a product which caries certain risks to it. Do you really need to know what the net asset value is comprised of and how it is determined at the end of each day? apparently the investors didn't care until they found their portfolio value degraded. If you see that your net asset value is flopping, perhaps you should take another position instead of holding long.

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Originally posted by The17sss Tell me what I said in that box you quoted that makes me such an offbase imbecile. Reducing drilling would make us have to buy more from overseas. A dropoff in production would lead to increasted energy/transportation costs. There's less risk for environmental disaster by drilling on dry land than 20 miles out to sea. We drill so far off land because we are massively restricted ON land. All facts. So, what about those statements is idiotic? Tell me, or just shut your fucking mouth... you offer no alternative ideas or thoughts to any conversation... just a bunch of "you're an idiot! you're stupid! you're a right wing extremist!" Fucking douchebag.

You're an imbecile because you insist on depending on fossil fuels as energy sources, you favor drilling on your country's untapped oil deposits as opposed to spending on developing green technologies and seem to be more concerned about how this is going to affect your "drill baby, drill" mantra and how you are going to wipe the egg off your face rather than the disastrous environmental implications. This is a wake-up call, and all you care about are your politics and your wallet.

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People attempting to downplay this in anyway are fucking retarded.

Profit before people: BP successfully lobbied against precautionary safety measures which could have prevented Gulf of Mexico disaster.

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Originally posted by woscar You're an imbecile because you insist on depending on fossil fuels as energy sources, you favor drilling on your country's untapped oil deposits as opposed to spending on developing green technologies and seem to be more concerned about how this is going to affect your "drill baby, drill" mantra and how you are going to wipe the egg off your face rather than the disastrous environmental implications. This is a wake-up call, and all you care about are your politics and your wallet.

quit with the ad hominem attacks. Everyone knows that the free market will dictate when its time to switch to alternative energy sources. Its already shown with the Increase in market capitilization of Alternative energy source companies. The best transition that could happen is by putting sanctions on drilling and excavation to drive up the commodity price of fossil fuels to the point that they are unreasonable and money will instead flow towards the cheaper source (alternatives).

Everyone cares about politics and their wallet which is why the change should be driven by smart marketing and economics, not tree hugging hippies lying and telling us the Himalayas will melt in 10 years or so.

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Originally posted by Nrg2Nfinit Words

Do you really need to win this argument? I mean, really - that's what it's come down to? I've seen all these arguments but they never contend with the bottom line. The bottom line is that even though a small percentage of people did knowingly get in over their heads in the mortgage crisis, the net result was an epic failure of monumental consequences and millions of people, including my family, are paying the price.

The ethics you're applying are that of the psychopathic con-man. They justify themselves by projecting their own greed onto their victims. Like Timothy McVeigh, they callously disregard the impact they've had with three simple words, "Get over it."

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