Initial jobless claims increase ""unexpectedly""

[buckman]

Originally Posted by spence

That's the "American Dream"...to buy houses, cars and boats?

-spence

Wasn't it the forced regulations placed on the banking industry to provide the" American Dream" to those who couldn't afford it what got us into this mess?

[spence]

Originally Posted by buckman

Wasn't it the forced regulations placed on the banking industry to provide the" American Dream" to those who couldn't afford it what got us into this mess?

Not really, that's the "I wanna score some cheap points with the Sean Hannity audience" sort of answer...

It was the bundling of mortgage based assets, shoddy oversight by regulators and derivative trading (which largely circumvented regulations) that are probably most to blame.

Certainly sub-prime borrowers were/are a part of the problem once the market stalled, but don't think for a second the banks didn't love handing out mortgages like candy. They could skim a little cream from the top and let somebody else deal with the rotten milk at the bottom.

-spence

[buckman]

Originally Posted by spence

Not really, that's the "I wanna score some cheap points with the Sean Hannity audience" sort of answer...

It was the bundling of mortgage based assets, shoddy oversight by regulators and derivative trading (which largely circumvented regulations) that are probably most to blame.

Certainly sub-prime borrowers were/are a part of the problem once the market stalled, but don't think for a second the banks didn't love handing out mortgages like candy. They could skim a little cream from the top and let somebody else deal with the rotten milk at the bottom.

-spence

I prefer to call them free loading scum but "rotten milk" works too.

[spence]

Originally Posted by buckman

I prefer to call them free loading scum but "rotten milk" works too.

So the sub-prime borrowers, many of whom have paid into mortgages only to loose their homes due to the recession are scum, but the finance industry, who knowingly took incredible risks with other people's money for quick gain at the expense of everyone isn't?

-spence

[buckman]

Originally Posted by spence

So the sub-prime borrowers, many of whom have paid into mortgages only to loose their homes due to the recession are scum, but the finance industry, who knowingly took incredible risks with other people's money for quick gain at the expense of everyone isn't?

-spence

They are and the politicians that lined their pockets knowing all along they were screwing you and I and worst of all our kids.

[spence]

Originally Posted by buckman

They are and the politicians that lined their pockets knowing all along they were screwing you and I and worst of all our kids.

So why didn't you just say that everybody, aside from you and me are scum?

-spence

[scottw]

Originally Posted by spence

Not really, that's the "I wanna score some cheap points with the Sean Hannity audience" sort of answer...

It was the bundling of mortgage based assets, shoddy oversight by regulators and derivative trading (which largely circumvented regulations) that are probably most to blame.

Certainly sub-prime borrowers were/are a part of the problem once the market stalled, but don't think for a second the banks didn't love handing out mortgages like candy. They could skim a little cream from the top and let somebody else deal with the rotten milk at the bottom.

-spence

that's the "I wanna score some cheap points with the Barney Frank audience" sort of answer...

[spence]

Originally Posted by scottw

that's the "I wanna score some cheap points with the Barney Frank audience" sort of answer...

Followed by an "I don't really care what he said I'm going to make the same inane" response...

-spence

[scottw]

Originally Posted by spence

Followed by an "I don't really care what he said I'm going to make the same inane" response...

-spence

are you admitting inanity ?

Spence...you've been very playfull since you've become pregnant...the belly bump is a good look on you...