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I'm Hissed Mad After Watching Documentary On The Recession

I have never heard the phase, "hissed mad." Does this mean when you get mad you sound like a snake?
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What smells like blue?

reply to Xstar_Lumini
Nader has been saying this all along.

reply to Xstar_Lumini
Yep deregulation was simply a cover for unfettered greed and destructive speculation. Funny how it all seemed so "logical" in the 1980s and 90s......

reply to Xstar_Lumini
If you've never seen this

»www.amazon.com/Enron-Smartest-Gu···7&sr=1-1

you should...

reply to Xstar_Lumini
This is where vigilantes need to come back, but they would just be labeled as terrorists now. The politicians, and lawyers would protect them as long as it was financially sound for them to do so. The facts are the so called elected officials these days are already loaded cards who need to wear stickers like nascar cars. When our government puts an obvious AT&T lobbyist into a position of power it's obvious that they don't need to hide the corruption anymore. Then again when we only have a few people stepping up, and independents who don't have the financial backing of these corporations usually not willing, only getting into office by telling what people want to hear, that's when they successfully duped the public.

For decades this has been the United Corporations of America, and that's the truth. Once corporations were legally able to be considered a person is when our country went to hell.

We were supposed to be able to overthrow our government if they became corrupt, but our own government has made every effort to prevent this from taking place. Sooner, or later this country will fall under it's own greed, hell it's already mostly owned by China now. Too many people selling the futures of their own children, grandchildren, and great grandchildren to feed their greed today.

This hasn't been the land of the free for a long time.
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My hourly rates:
$25 per hour.
$35 per hour if you want to watch.
$45 per hour if you want to help.
$75 per hour if you tried to fix it, and failed.
When the rich wage war it's the poor who die.

reply to Xstar_Lumini
Did any of them break the law?
..and, for the record: hissed? Learnt?
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Don't blame OS X users for YOUR poor choice in an OS...

reply to BlitzenZeus

reply to Xstar_Lumini
Booms and busts are one-way valves that funnel money to these scumbags. Bailout money is twisting the knife after it is driven as deep as it will go. Then it all starts again...

reply to Xstar_Lumini
Even at the individual level you can see how they are rewarded for booms and busts: big bonuses while things go up, golden parachutes when things go down.

Sustainable growth does not make them as rich as pumping things up as much as they can and then strapping on the golden parachute when things start crashing down.

It's a fundamentally broken system whose rewards are not aligned with its purported goals.

reply to Xstar_Lumini

reply to Xstar_Lumini
Right, the community reinvestment act and a perception of an ever growing housing market had nothing to so with it..

Various regulatory changes on the act, but in short banks in order to cater to communities had to deliver equally into that community in order to expand.

Now, to leverage the risks of these loans, they insured them.. So even the lowest level of credit, was insured and treated as AAA, therefore deemed 'safe', this is known as a derivative.

This type of derivative was considered safe haven, so a market emerged and fueled it. Leading to no-doc loans..

The banks were expanding and in guidelines, the investors were happy, and the strawberry picker making 14k was in a 720k house.

Hang on.. 14K in 720k? ( This one is the poster child of the bubble: »drhousingbubble.blogspot.com/200···use.html).

Alberto Ramirez had no business buying 60x his annual salary in housing, as did many others, although not to that extreme..

The banks played a game they were forced to play, albeit they got sloppy as did the insurers of the derivatives as well as the buyers.

But at some point, things fall back on the 100,000s of thousands, if not millions of greedy individuals who bought into the American Dream well beyond their means.

I know it's in vogue to blame big corporations and banks as they are faceless entities.. But that blame sits mostly on anyone who bought a house they simply could not afford, as exhibited by a few hundred million home owners that didn't have a problem..
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It's a fact : Chicks dig Mafia players.
'Wanna help buy a goat?' - »www.kiva.org

reply to BlitzenZeus

quote:

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This is where vigilantes need to come back, but they would just be labeled as terrorists now.

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reply to Xstar_Lumini
Congratulations! You are beginning to catch on. See:
»en.wikipedia.org/wiki/Plutocracy

reply to Grail Knight
I'd rather just make people disappear on some deserted island trying to tell each other what to do, kind of like the real ending to the hitchhikers guide to the galaxy. I don't have those kinds of funds however. They had their chance, but they chose to just shat on the world instead of making it better. It can't be their fault, they made greed legal....

The problem is most of the public is too self-involved that they won't actually do anything, and those who do rise up just get bogus charges, along with labels thrown at them. Most people won't take any action unless it actually effects their personal life, like how the British forced the American colonies to house, and feed their troops, forcing massive taxes locally, yet they were on the other side of the world. I'd lead the charge of most people we not sheep, and when confronted with actually taking action, they do nothing. Remember how those who sided with the British mostly went North to Canada?

Voting these days is a joke, the so-called elected officials are the ones making the laws that effect us the most, and have their loyalties with their campaign contributors. We need a restarts, and to remove these corrupt idiots from power, including removing corporate powers from inside our government. As another example DHS seized more domains, I'm sorry their new name is Department of Copyright Security, doing the jobs of the corporations, not homeland security.
--
My hourly rates:
$25 per hour.
$35 per hour if you want to watch.
$45 per hour if you want to help.
$75 per hour if you tried to fix it, and failed.
When the rich wage war it's the poor who die.

Blaming the public only goes so far. Who should've known better, the average idiots who took what was offered, or the bankers and shysters that pushed the loans through? Make no mistake the loans were supply-driven. There was a huge demand from investors for the derivatives and the supply had to come from somewhere, so out came the predatory lending practices.

Beyond the obvious cases like the strawberry picker, millions were mislead about ballooning payments and shady ARMs that took their payments from manageable to beyond what the could afford.