Citizen Bailout?

[HERESY]

Both the citizens and banks are responsible for their own actions.

Did you read the post I made that had bold text? How are those living paycheck to paycheck and those fired or layed off because of their employer responsible for their own actions when the first group IS working, and the second group WAS working, but as a result, no longer is working because of the actions of someone else?

 

[Gordon Gekko]

Is it our fault citizens bought homes and didnt bother to read the contract to find out when their interest rates would rise doubling their payments?

Is it our fault they went out with their credit cards buying LCD's PS3's Computers, Pools, Stereos, Ipods, Surround Systems maxing their credit cards and not be able to afford their credit cards and mortgage?

Its not our duty to help them.

Thats what they WANT everyone to think. That American citizens are in such huge debt because we spend too much. Which isn't true. Of course the banks wont mention how whenever they need a law passed to screw people over more, all they do is make a phonecall to Washington.

 

[HERESY]

And I understand there are people who lack the maturity to be responsible with finances and tangibles. However, you also have people who basically 'manipulated' the situation and placed them in an awkward position. Should they, the people who manipulated the situation, be held responsible for their shenanigans?

@Mr. Nice Guy, we aren't bailing ourselves out. We're killing ourselves and setting ourselves up for the BOOM BAPP KABLOW.

 

[Mr. Nice Guy]

Thats what they WANT everyone to think. That American citizens are in such huge debt because we spend too much. Which isn't true. Of course the banks wont mention how whenever they need a law passed to screw people over more, all they do is make a phonecall to Washington.

How did American citizens get into debt if they didn't spend too much?



How do Americans NOT spend too much?

 

[Speedy]

double check your math lol

Opps got tangled up I ment to say 500 billion dollars cheaper.

 

[Gordon Gekko]

How did American citizens get into debt if they didn't spend too much?



How do Americans NOT spend too much?

You ever heard of a female getting pregnant the first time she ever has sex?
Then you have the crowd that assumes that she must be a loose slut because she's pregnant. When in all actuality, she got pregnant her first time.

Thats the same scenario here.

 

[HERESY]

How did American citizens get into debt if they didn't spend too much?



How do Americans NOT spend too much?

From what I gather from his blog, it appears that this is what he says the problem is:

This is what's really crazy...the fact that the banks are the cause for so many Americans being over their head in debt. The tricks and scams that the banks are allowed to get away with. Things like charging "loan shark" interest fees on loans & credit cards, charging all sorts of fees on everything. Some banks even go as far as shredding a customer's payment or holding it until after it's due just so they can say that they never got the payment and charge them a late fee.

Another thing that needs to be mentioned are the contracts. Trust me, the average person WOULD NOT under the contracts unless you're a lawyer or you have a lawyer read over it for you. They know that most citizens cant afford to have a lawyer read over a contract for them. That's why they purposely write the contracts the way that they write them. The banks have been screwing American citizens for a while.

In short, he seems to be implying that banks hold the majority, if not all, of the responsibility of this crisis. Shit....he basically states it. Fuck the implying part.

 

[Gordon Gekko]

From what I gather from his blog, it appears that this is what he says the problem is:



In short, he seems to be implying that banks hold the majority, if not all, of the responsibility of this crisis. Shit....he basically states. Fuck the imply part.

Not necessarily putting ALL of the blame on them, because there is in fact people that are irresponsible with their finances. But they do play a large role. The banks are suffering from a deadly disease called "greed."

 

[Speedy]

After 9/11 they drop stric qualifications for the application process to get a house.

I know hella felons with houses. Real estate industry got desperate and now we are paying for it.

 

[Collapse]

Did you read the post I made that had bold text? How are those living paycheck to paycheck and those fired or layed off because of their employer responsible for their own actions when the first group IS working, and the second group WAS working, but as a result, no longer is working because of the actions of someone else?

One pays the bills for the stuff they bought, which some cant because they maximized their credit cards and cant pay both their mortgage or credit cards. The others suffer because banks wont lend money out, thus making other companies bankrupt or just lay people off because there isnt any products selling.

 

[Collapse]

Thats what they WANT everyone to think. That American citizens are in such huge debt because we spend too much. Which isn't true. Of course the banks wont mention how whenever they need a law passed to screw people over more, all they do is make a phonecall to Washington.

This makes no sense at all

 

[HERESY]

One pays the bills for the stuff they bought, which some cant because they maximized their credit cards and cant pay both their mortgage or credit cards. The others suffer because banks wont lend money out, thus making other companies bankrupt or just lay people off because there isnt any products selling.

As stated before, I understand there are people who lack the maturity to be responsible with finances and tangibles. However, I'm not talking about people who put themselves in the situation. I'm talking about people who are victims of circumstance or coporate madness.

The question still stands, how are these people responsible for their own actions?

 

[Gordon Gekko]

This makes no sense at all

Then I'd suggest working on your comprehension skills.

 

[Collapse]

As stated before, I understand there are people who lack the maturity to be responsible with finances and tangibles. However, I'm not talking about people who put themselves in the situation. I'm talking about people who are victims of circumstance or coporate madness.

The question still stands, how are these people responsible for their own actions?

You can say they got caught in the crossfire.

 

[HERESY]

You can say they got caught in the crossfire.

But earlier you said this:

No bailout whatsoever banks or citizens, its their fault they got themselves in this mess. Its not our duty to help them out of their own mess.

So, if these people were caught in a crossfire (your words not mine), who should be held responsible?

 

[Collapse]

You can blame the Federal Reserve, you can blame the Government, You can blame the Corporations, You can blame the Banks, You can Blame the Consumer, everyone had a part in it. The Federal Reserve has the majority of the responsibility by its monetary policy of inflating the currency and lowering the interest rates.

 

[HERESY]

You can blame the Federal Reserve, you can blame the Government, You can blame the Corporations, You can blame the Banks, You can Blame the Consumer, everyone had a part in it. The Federal Reserve has the majority of the responsibility by its monetary policy of inflating the currency and lowering the interest rates.

It's obvious you like to play spin doctor and avoid questions that poke holes in your argument. Take the advice the OP gave you.

Good day, sir.

 

[Collapse]

How about this, there is going to be a collapse soon and theres nothing anybody can do about because of government and federal reserve intervention.

Prices are going to rise. Oil, food, products, ect.....

Gold at about $2000.

The Dollar will collapse and the US will be done as the hegemony of the world.

It has already started and it wont end for another decade.

Thanks to the Federal Reserve for issuing so much credit into the market, thanks to the banks for lending out credit to consumers for buying homes, and thanks for the consumer for maxing out their credit cards and not being able to pay for their homes.

Everything will go down.

The Credit Crisis, the Housing Crisis.

There will be the Airline Crisis and the Auto Crisis. These bubble will almost burst.

The Biggest bubble to burst and its coming soon. The US Economy Bubble.

Good day, sir.

 

[HERESY]

I couldn't care less about the derivitive bubble or anything else thrown my way. I'm gooooooooooooooooooood.

 

[Speedy]

The Amero is next.