ATG
Banned
+5,233|6822|Global Command
I don't understand how California can be left to fend for itself when snake oil salesmen like jp morgan get 30 billion.

Where is the justice?

Why are unlicensed contractors for Mexico my biggest competition in the work arena and the ER?

Where is the sanity?

Why are working families kicked to the gutter and the banks covered for their losses?

If your answer is as simple as " people shouldn't buy things they can't afford " then stuff a sock in it and be warned in advance. 

People could afford things, the equity in their houses has been devoured, their IRA's depleted their savings decimated. It's dooms day for many middle and struggling families, and it isn't fair.

I hate stuff.
Spark
liquid fluoride thorium reactor
+874|6968|Canberra, AUS
come move here.
The paradox is only a conflict between reality and your feeling what reality ought to be.
~ Richard Feynman
13urnzz
Banned
+5,830|6790

i hear ya, i'm twenty years into and twenty from using my 401. after the tax penalty, i wouldn't be able to pay my mortgage two months. on a house that has half the equity it did last year. Fair? i'm one of the lucky ones in my family - some had ARM's . . .
i truly feel the Made-off's of the world are gonna get raped, and then it will be fair.
Ilocano
buuuurrrrrrppppp.......
+341|6960

What do you mean?  These are great times.  Of late, I could afford more things.  Deals abound everywhere.  Just this year, I've travelled with family to Asia once and the east coast twice.  I'm off to the UK in a few weeks.  All because of great travel deals.  Getting tons of clothes for my family at 75-90% off.  Plenty of deals on electronics.  I'm looking to buy another home (short sales everywhere, but waiting for the next reset first).  Friends are getting home upgrades and additions for half off or more.  Sure, my 401K isn't back to peak, but it's creeping back up.  I still have more equity in my homes than I owe on them.

Working families getting kicked out of homes?  Are you kidding?  Ton's are living in their homes mortgage free.  Banks are not putting their homes on foreclosure.  People want to give the keys back, but the banks are ignoring them.  Bring back homes to $125/sq. ft. in long established communities, so we can get back to homes that people can realistically afford.

But yeah, I despise JP Morgan as well.
Macbeth
Banned
+2,444|5879

It's ok ATG I'm sure your worth more than all of South Africa.
usmarine
Banned
+2,785|7055

fuck jpmorgan and all those other same companies.  bunch of fucking crooks.
Turquoise
O Canada
+1,596|6698|North Carolina
Slowly but surely, we're moving towards banking by government rather than by corrupt corporations...
Catbox
forgiveness
+505|7009

Turquoise wrote:

Slowly but surely, we're moving towards banking by government rather than by corrupt corporations...
and that will be worse i fear... These guys in corporations get paid what is agreed too...
How much should they get paid?  What the market will bear imo... 
Some of their pay is obscene i agree but the govt will try and level the playing field
and the good guys in business will walk away or work overseas... Nobody was bitching when the stock market was at 14,000
Love is the answer
Turquoise
O Canada
+1,596|6698|North Carolina

[TUF]Catbox wrote:

Turquoise wrote:

Slowly but surely, we're moving towards banking by government rather than by corrupt corporations...
and that will be worse i fear... These guys in corporations get paid what is agreed too...
How much should they get paid?  What the market will bear imo... 
Some of their pay is obscene i agree but the govt will try and level the playing field
and the good guys in business will walk away or work overseas... Nobody was bitching when the stock market was at 14,000
If we had another public central bank like we did in the early 1800s, lending would be less about profit and more about opportunity.  Speculation would be much less significant, and leveraging would be minimal.

Basically, it would force our economy to be more fiscally conservative.  The money supply would also be much more restricted in its growth.

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