AT&T Gets Goofy Over 'Mini Laptops' > Some investors are not very smart.

reply to neowulf

Re: Some investors are not very smart.

reply to neowulf
There are a number of countries in the EU that are socialist based hiding under the flag of democracy.

.. and still waiting on your guess.

Huh, there are quite a few socialist countries in the EU, Denmark, Sweden and Finland, that don't hide the fact, also the PES is a strong member group in the EU. Amazingly enough their countries haven't turned in to steaming piles of excrement. I am sure you would like me to add the word yet to the end of that, I am not going to, sorry to disappoint.

reply to Matt
Why are those people being sued in the first place?

Law suites are fine.. it's why we have judges.. do we have a corrupt court system? or a politically over run system.....?

First off, in my opinion, all communications and utility companies should have some sort of regulation simply becuase the spectrum and pipelines are limited in nature.

However, let me take vonage for an example.. that company stole.. they deserved the lawsuits they got.. if they got sued out of existence, and yes, I'm a customer of Vonage since 2004, then they deserve to die off.. and yes, I'd hate to see the service go. However, we live in a nation of laws.. if they violated one and got sued and run off.. that's life bud.

I don't believe in Robin Hood.. I don't believe in taking from the rich to give to the poor.. they way I saw Vonage is that many people agree with what they did becuase the "ends justified the means".. which to this day rarely, if ever, holds up in legal argument.

Consumer interest, I'm sorry to say, are not always first and we need to stop pretending that's so.. Yes, it's not a popular thing to say around these parts, however, in order to say that consumer interests come first is to also say that you have a right to, or are entitled to.. The only basics of entitlement is the right to Life, Liberty, and the PURSUIT of happiness. And, right now, liberty has been largely taken away, and many people aren't happy becuase the pursuit has been throttled by the lack of liberty . . The system is a two way street.

reply to neowulf
Nope.. I know crap when I see it..

While you pointed out the obvious ones, there are those, still, that say they aren't when they are.

And, while their countries haven't turned into "crape'.." yet.. they're not exactly strong countries either.. we can go into INCREDIBLE lengths of conversation, which we won't,... but they're not exactly thriving either.. and those countries, that you pointed out, do enjoy blaming America anytime they have problems.. why? Because their economy is still based largely on what other countries do.

Their systems are fragile, so I'm glad you said "amazingly enough" in your post.

Yeah I know sarcasm does not carry over the internet well.

Heck the US owes a Socialist country over $1,000,000,000,000. Our economy is based largely on if that country calls in its debt from the US.

No wonder when China talked at the G20 summit everyone shut up and listened.

So when you say a country in the EU that maybe hiding that it is socialist, and that said country's systems are fragile, then one must point out that even countries that are not socialist are having problems also.

The US mortgage meltdown, had nothing to do with any socialism, in fact the very thing the US stands for Capitalism, which without regulations, let the banks play dangerous games which turned into greed which caused the failure. You can only skate on thin ice so long before the bottom breaks out below you.

Now I just know that is going to bring up the CRA, and what the original intent of the CRA was, and how it was all the democrats in the 1970's fault. While the same people also forget that without the CRA in the first place most people who own homes and have no trouble paying their mortgage probably wouldn't own a home. But I mean that would require actually knowing that in the 1970's it was getting almost impossible to get a loan from a bank unless you were already quite wealthy.

reply to puck0114
Thats not a dumb investor. That's a short term investor.

reply to neowulf
"Yet the 2005 regulation change makes it so the bank no longer has to make sure the loan can be paid back, in fact that is exactly what the banks were looking for, they wanted people to default on their mortgage so they could foreclose and then turn around and sell the house at a profit, while pocketing whatever interest and down payment they did make."

I was in banking for a number of years before I grew-up and I can tell you the LAST thing a bank wants is to sell property. It sounds nice but it's not true.
Do you really think that a bank would knowingly loan money to someone who they thought could not/never pay it back?
They were forced to loan money to certain groups under penalty of huge fines or the ability to merge with other banks.
Good history but not what really was going on.
Thanks

reply to fiberguy
The Libertarian party would be fine if they'd stop hitching their wagons to such nut jobs. The reality is they gotta get elected to have any effect, and the masses won't vote for weirdos.

reply to neowulf
Um, and WHO repealed the Glass-Stegal Act that allowed this mess we are in? (Hint: soiled blue dress)