Archived

This topic is now archived and is closed to further replies.

Bronn

Citizens of multiple states create online petitions to secede from the US.

254 posts in this topic

It's called personal responsibility.

If the people didn't think that the government was there to bail them out, do you think that folks would be a little more prepared?

So taxes only go to the government bailing people out?

Share this post


Link to post
Share on other sites


I think you take a lot for granted, and thinking you know what really is going on in people's minds is quite arrogant.

to be fair, this shiat is quite cyclical and consistently stupid... regardless of who wins the elections.

Share this post


Link to post
Share on other sites

It's called personal responsibility.

If the people didn't think that the government was there to bail them out, do you think that folks would be a little more prepared?

You are in the housing industry, no?

Share this post


Link to post
Share on other sites

allow me to go ahead and play this one out for you. housing industry bailed out. hypocrite!

only government decided to change the market to push bad lending practices, and then blamed those institutions after being compelled to lend said bad investments.

1 person likes this

Share this post


Link to post
Share on other sites

It was greed that led to it. Greed on the lenders and the lendees.

They got bailed out. They gave incentives to buy homes.

But those welfare queens and their cellphones...

Lets secede!

Share this post


Link to post
Share on other sites

It was greed that led to it. Greed on the lenders and the lendees.

They got bailed out. They gave incentives to buy homes.

But those welfare queens and their cellphones...

Lets secede!

you are correct that it was greed that led to it. however, it was greed on capital hill for voting blocks rather than what you assert. were it merely greed done through lending practices, the market would have killed those institutions in short order. however, since the notion of "too big to fail" arose, bad lending practices continue today... we just think we can inflate the bubble indefinitely.

the discipline of failure will be on a national scale instead of an individual business scale. the failures of the few will bring us all down

Share this post


Link to post
Share on other sites

you are correct that it was greed that led to it. however, it was greed on capital hill for voting blocks rather than what you assert. were it merely greed done through lending practices, the market would have killed those institutions in short order

If by "the market would have killed those institutions in short order" you mean, "those institutions would have just bundled the bad loans into derivatives which could be sold off easily thanks to the AAA credit ratings given to them by the market" then yes

Share this post


Link to post
Share on other sites

It was greed that led to it. Greed on the lenders and the lendees.

They got bailed out. They gave incentives to buy homes.

But those welfare queens and their cellphones...

Lets secede!

It's both man. Why do you guys struggle to see this?

Without Freddie and Fannie, none of this could have happened. Meaning, without the federal government being involved in banking and housing, this would not have happened.

Share this post


Link to post
Share on other sites

You are in the housing industry, no?

Yup, and I would have preferred to not have any boom, and not have the bust that followed.

1 person likes this

Share this post


Link to post
Share on other sites

If by "the market would have killed those institutions in short order" you mean, "those institutions would have just bundled the bad loans into derivatives which could be sold off easily thanks to the AAA credit ratings given to them by the market" then yes

okay... let's put it like this. did the creation of fannie and freddie predate said bad lending practices? no? where are those banking institutions now? THAT'S RIGHT! they don't EXIST anymore! after fannie and freddie? well we'll just use the public coffers, fiat currency, and future IOUs to cover that little snafu

Share this post


Link to post
Share on other sites

I think you take a lot for granted, and thinking you know what really is going on in people's minds is quite arrogant.

Wow, Rodeo arrogant, news at 11.

Meanwhile I'm still yet to hear an actual reason besides vague bullshit like "freedom" so the point still stands.

Share this post


Link to post
Share on other sites

Wow, Rodeo arrogant, news at 11.

Meanwhile I'm still yet to hear an actual reason besides vague bullshit like "freedom" so the point still stands.

if freedom is bullshit to you, then perhaps you aren't paying attention

Share this post


Link to post
Share on other sites