Members banned from this thread: Jarod, domer76, Guno צְבִי and Jack |
Social Security has never missed a check in almost 85 years. It is run on under 2 percent of revenue. Bankers have been fighting to get control of it since it started. Does anyone think they would not loot it and fuck it up? They were fired up when the 3.5 trillion dollar pot was created to get us through the boomers. Bankers wanted to get their greedy hands on it. You can pin a socialist label on it if you wish, but it is just working for the general welfare of the people. That is a duty of the government.
If you're of the working class, what have you gained from plutocracy??????
jimmymccready (07-24-2019)
It IS implemented to a certain degree. ObamaCare is one, the NEA is another, the EPA is another, most aspects of the FDA is another, the farm subsidy program is another, the CPSC is another, Social Security is another...shall I go on?
Oh...each of these programs is failing, too.
No, that is not what made the crash. I suppose you were in grade school when the crash was being born and raised by bankers. Homeowners were getting emails, and phone calls several times a day asking them to remortgage or to buy a home, perhaps a bigger one. Bankers were giving better and better sounding deals .Buying a home with no money down was a bad deal. They were offering to put you in a new home and you walk away with cash in your pocket. TV advertising was endless remortgaging ads. Your mailbox was jammed with mortgage deals.
It was the banks creating the deals so they could keep cranking out the investment papers The bankers were making trillions and they did not want the party to stop. There were so many mortgage companies they were growing like weeds.
That is what caused the crash. That poor people,(blacks) were getting homes they could not afford. That is just rightys rewriting history and the facts again.
Yes it is.
YALIF.
Because the banks were basically required to.
Because the banks were basically required to.
Yes it is, but the bank was required to make the loan anyway.
That was legit. It still is. It occurs when people are downsizing their homes.
They still are. Ever hear of advertising?
No. The banks were creating the deals because they were basically required to. The investment papers were a way to cover up their losses by foisting it on some other fool. Unfortunately, with artificially low interest rates from the Fed, money was easy and there were plenty of fools out there.
They couldn't stop it without breaking the law.
There still are. So?
Lots of mortgage companies doesn't cause a crash.
Racism.
Inversion fallacy. It is YOU rewriting history. It is YOU making racist comments to justify your rewritten history.
The crash is a direct result of price controls (socialism) from the Fed, and laws requiring banks to make bad loans (fascism, a form of socialism).
you know nothing about the crash and what caused it. You just repeat your ignorance and toss in an insult and say what you should be learning from,is a lie. The crash was a creature of bankers and unbridled greed. It also was abour corruption like bankers paying off the rating agencies, The ratings agencies testified that they were pressured and bribed to AAA rate terrible mortgage-backed investments. You must have watched the congressional hearings on that since you think you know something about it. Weren't you upset with that? The banker's deeds were made clear in hearings. Their unmitigated greed crashed the world economy. I am sure you watched them testify too.
Should we go into swaps? That was banks selling insurance on the terrible investment papers they were selling. They sold so much of them, that is was impossible to pay them off is a disaster. Insurance cannot sell more than than the value of investments, but of course, bankers got wavers for that.
You should stop until you actually know something. You are as usual running on empty.
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