And how, other than regulation, do you propose we as a society make that happen?
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Wells Fargo Blames Computer Glitch as Reason It Foreclosed on Hundreds of Homes
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And how, other than regulation, do you propose we as a society make that happen?
I don't. My post isn't clear, I should have said something more like, "If a conservative ideal is to remake the country the way it was in the 1950's, I'll agree, at least as far as some old-school economics ideas are concerned."
I'm a social liberal / libertarian. I don't care who you love, who you sleep with, how you define marriage, what color you are, what religion you practice, what flag you burn, what gun you own, what car you drive, what drugs you take, your feelings on abortion, etc., provided you are honest, don't defame others, and don't interfere in others lives except to protect your own right of liberty. All of that is pretty much against the ideal of the 1950's that the conservatives have. In most financial matters conservatives are oddly against the common sense way things were run in the 50's.
Ask me sometime about Vietnam and college deferment, because there's some interesting history there that applies to this conversation. But don't ask me about bankruptcy, I'll write pages about bankruptcy, there isn't enough room in all the tombs in Egypt for the number of soapboxes I could stand on when I'm talking about bankruptcy.
Not much of a liberal if you support my right to own a gun
. 100% of all liberals I know have fought to take away my guns. I even had one guy try to steal one out of my house (hes never invited again) while there for a dinner party. Grabbed it right off the wall (its an antique doesnt fire anymore) and ran out with it to throw it into the street. And yes he ended up in jail.Not much of a liberal if you support my right to own a gun
I'm not a liberal, I'm a Rockefeller Republican. I'm a moderate. I am a social liberal with an emphasis on liberty, and that includes the right to own a gun, the right to pray in school (or refuse to pray in school), and the right to refuse to make a 'gay' wedding cake, provided you agree to politely sell someone you know is gay a nice blank wedding cake.
But I'm also a fiscal conservative who believes in small government, laws that allow businesses to grow, and reasonable taxes without loopholes. And I believe that when a system is broken or is overly influenced by money it must be fixed, with as little government socialization as possible.
P.S. Sorry for bringing politics to this thread.
P.P.S. I own guns, including a mint vintage Colt Armalite AR-15 with the three prong suppressor, steel buffer, side-mounted straps and no forward assist.
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"Preyed" upon. Of course, everyone is an exploitable victim in progressive kiddie land. For every "greedy" corporation there are thousands of similar average Joe's who exploit their fellow taxpayer's every chance they get. They are one's who never take personal responsibility, and typically find a way to get a handicapped sticker in their car for their support duck. I would for once LOVE for someone to actually investigate how many of these people in society you label as victims are really just irresponsible greedy sacks of crap. I am willing to find out that information for once so we can quite having these anecdotal discussions on who and who isn't evil in this country. Are you? My neighbor during the housing boom had FIVE mortgages going at one time with intention to flip them for quick easy money as he installed fire suppression systems on the side. Bottom drops out so what does he do as a saintly, non-greedy, average joe. This sack of sh1t packs up his garbage and family in the middle of the night and moves across the country to California defaulting on every single one. Who is left to pay for that garbage? The actual working taxpayer who plays by the rules.
misleading disclosures. mortgages designed to fuck the consumer then packaged to unknowing investors in MBS or CMO - meanwhile it was known that they were poison loans ready to balloon. Confusing financing terms to someone that doesn't have any finance background. incentive based compensation at an extremely overvalued rate going to very good salespeople. but yeah it's your neighbor's "greedy dumbass" fault. You sound pretty uninformed in your response. no wait it's your hero worship of corporate greed.
I watched all of this happen. Luckily was in the industry in upper management and convinced my organization to not pursue high risk loans for the massive temporary ROA they provided. We cruised through the crisis and increased net worth and asset size by a large margin after a few bumps (investments and the amount of mortgages that inherently went bad due to the economy crashing from the consumer investment side). Don't blame the uninformed consumer... I'm not a salesperson and have never been, but I have enough knowledge of the industry I could put most people into some sort of debt and at that time it was the gold rush.
Well, any other possible CEO would have messed up more, so you see - a huge bonus is warranted, think of how much worse it could have been!
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$8000000 for 400 houses is $20,000 per house. They still made a nice tidy sum of profit on the forcolsures.
Not much of a liberal if you support my right to own a gun
Then perhaps you need to broaden your social circle. I'm a liberal and I own a gun.
Just sayin'.
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You should read my post. It shows that what you're saying is not true. The entire GOP united around Gramm–Leach–Bliley and the bill was named for three Republicans. Literally, the only Republican to vote against it was Ron Paul. (The other GOP no-vote I don't count because the guy was a Democrat who switched parties during his term.)
Clinton would have lost a veto for that bill, although I don't doubt he supported it, like the majority (but certainly not all) of the Democrats. The person who is remembered for having given a persuasive speech warning against it was a Democraft, Byron Dorgan. Not all Democrats voted for it. Bernie Sanders didn't vote for it either. Gramm–Leach–Blilely can't be pinned on Clinton. It was a Trojan Horse crafted by the GOP.
And, to my knowledge, the GOP has been advocating Gramm–Leach–Bliley 2.0 as part of their party platform in recent times. Rinse, repeat.
I wouldn't use the word "other" since my point about war profits includes not having been bombed into dirt. Yes, the Korean War, like every other war we've entered into, is a choice that's supposed to make us a wealthier nation. Of course, Smedley Butley wrote, about WWI, in "War is a Racket", about how it's not the nation that's necessarily the enrichment goal, but rather the select few.
Beyond not having been bombed, America also has a lot of land to exploit, and we have and continue to expand that exploitation (despite messaging like pro-pollution that is supposed to convince us that we're throwing away our standard of living chasing a green dream). Europe and Japan, by contrast, are very land and resource poor in comparison. So, not only were they bombed and impoverished from WWII (and WWI for Germany), they had so little land and resources to exploit.
The best law money does buy.
You're one of the lucky ones because you can afford any lawyer.
Elizabeth Warren's 2008 article has charts, though, that show the buying power of families over time. Despite sending both spouses into the workforce to compensate for the stagnant wages (except for the CEO class, which has gone way way up), families have lost buying power. We've been in a death spiral where we get lower-quality goods and services (cheap) at places like WalMart. Everything, including living on credit cards, is designed to keep people unaware that they're being boiled by the fleecing CEO/financial class. Stagnant wages for decades despite rising productivity. Financial scams. Etc.
From the Warren article:
https://s33.postimg.cc/atttjgg5r/original.jpg
https://s33.postimg.cc/kr4ucjawv/original2.jpg
Probably the best articles, though, have been by Henry Blodget for Business Insider during the Occupy movement. Take a look at this one.
You also had to give men something to do, since they were no longer blowing each other up. The gadgetry also was designed to convince women that being stuffed back into the housewife role would be an upgrade. My grandma saved enough to buy a Packard car as a factory worker, a car she was very proud of. I'm sure she was not the only one who wasn't certain that unpaid/disrespected housewife employment was an upgrade. Of course, factory work wasn't all roses. She had her teeth knocked out at one because of a faulty door and was fired on the spot because the company didn't want to pay her a dime for her trouble.
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Or I just live in an area where people are ultra liberal? Take my neighbors/idiots I have run into in this state (MD) for example:
- One neighbor attempted to steal my dog because he felt that dog ownership was wrong. Courts let him off because he "had a clear moral imperative to ensure the welfare of the animal". The guy just didnt like that I kept the dog on a leash when I walked him...which is the law. He made up a bunch of shit about how the dog whines a lot (he whines when he sees people he wants to play with and I wont let him because they are afraid of him).
- One neighbor sued to have my fence removed from my property because it interfered with her "quiet enjoyment" of nature. We live in a concrete jungle. The fence was there when she moved in and she lives two doors down. I won, but judge refused to make her pay court costs because he felt I should have had sympathy for her feelings and voluntarily modified the fence for her.
- SEVEN "neighbors" called the cops on me after seeing me loading my gun into my truck to go hunting. Said I had an automatic and they thought i was going to go shoot up the mall (where they got that from I have no idea). Didn't get to go hunting because the cops took my rifle while they investigated it. Took six months to get it back. Cops didnt think I needed it. There was no law against me having it but because of the complaint I had to PROVE I had a need to own it. Cost me 2k in lawyer fees. When I finally got it back the Sheriff said "Hope this teaches you to not own guns in this state and to leave the damn animals alone". Filed a complaint against him...was dismissed.
- One guy broke my fishing pole while I was fishing (grabbed it out of my hand and dashed it against the ground) because he thought it was wrong to hurt fish. Cops let him go without giving me his name...they agreed with him (yes I am serious they said that).
- I drive a big truck. I use it to haul a lot of heavy shit ALL the time. It gets beat up and used like a real truck. Not just for driving to work. It has no slogans, no stickers, just plain paint on it. No less than once a month I get air let out of my tires (usually in a public place) with a note on my windshield saying I am killing the planet and should be ashamed of myself.
The only thing that could possibly be untrue about my post is that Clinton fast-tracked it. At the time he was also pushing an agenda of home ownership - a home for everybody, sounds great.
I agree with you, and I'm not blaming the democratic congress for it, but there are far too many signs and policy maneuvers by Clinton to think he didn't internally promote it.
And for the record I've been "posting back" against a ton of what I consider blindness from the rampant either Russian trolls or just really passionate GOP supporters who love to hate on this forum for a long time, but on this matter no one can blame the GOP without accepting a huge role from the administration. If Clinton didn't want GLB he would have at least attempted Veto, but instead he preached home ownership.
Edit: and yes they GOP is pushing GLB 2.0. And they are chipping away slowly. It sickens me and I'm in finance. The difference is I'm decent at my job and those that aren't are lesser humans and need to use shitty practices. At least a few are pushing back this time around (those that aren't trying to run again "ironically" and Rand). Rest of my executive team are excited and I consider them, well you know.
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Hey, if that's all true I can understand your position. But also remember there are gun owning, douchey liberal hating, hunting, fishing, dog owning, money loving democrats out there. And more than what you are experiencing. We're not that different, there are a bunch of dicks on both sides and we need to remember that the biggest dicks are most vocal. No one can have a conversation because everything has to be win or lose, there can no longer be a middle ground which is being promoted right now but the current political climate.
I live in a very moderate city that leans right, but in a neighborhood that is pretty liberal. Neighbor saw me throwing my guns in the trunk to go to the range and I think he had a heart-attack, but at least he's probably scared of me now (he's the association head too)! Also, if all that shit is really true you should escape as soon as you can!
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You can blame the Fed. The reason savings rates are so low is because they work off the Fed Prime Rate. The bank offers you just BELOW the Fed Prime Rate, thereby making it cheaper for the Bank to borrow the money from you instead of the Fed.
Same reason businesses offer bonds/convertable notes instead of going to the bank,.
This is why the bond market has been crappy since 2007 when the Fed dropped the Prime to absurdly low levels. It's only now that values are slowly coming back up. It's a double edged sword. You raise the rate, businesses and markets panic, but the economy keeps from overheating. Keep it the same, you risk overheating the economy (over borrowing leading to inflation) or leaving out a safety hedge for next recession which comes every 10 years
Oh believe me I am dying to move. I just cant afford it right now. Oh I wasnt bringing parties into it, just saying that there are liberals and conservatives that go to insane extremes. I cited the liberals because right now they are the ones harassing me. I think I finally scared off the conservative extremists when I kept asking to sleep with them everytime they tried to bring their religion to me
. Oh I am aware. I think the fed should stop interfering. I would like to see banks be more competitive on both ends of the spectrum (loans and savings). But that will never happen...
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Oh believe me I am dying to move. I just cant afford it right now. Oh I wasnt bringing parties into it, just saying that there are liberals and conservatives that go to insane extremes. I cited the liberals because right now they are the ones harassing me. I think I finally scared off the conservative extremists when I kept asking to sleep with them everytime they tried to bring their religion to me
Oh I am aware. I think the fed should stop interfering. I would like to see banks be more competitive on both ends of the spectrum (loans and savings). But that will never happen...
How very Jackson of you (He hated the power of the central bank set up by Hamilton and Jefferson)
Thank god I have never and will never bank at Wells Fargo. Why would anyone bank there if they keep up with the news and all the shit they do to their customers. To me their reputation is tarnished too badly to ever receive me as a new customer. Kind of reminds me of all the crap Bank of America did in the past.
Sure sounds like you've got a bunch of crazy neighbors. Just seems a little off to blame everything on them being "liberal." I'm a liberal, and those all sound crazy and/or violent to me. That said, you're free to generalize in any way you like. ;-)