Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (145202)	11/3/2008 4:47:57 PM
From: geode00	Read Replies (2) \| Respond to of 173976

You keep missing the points: 1. A homeowner-mortgage provider relationship is an amateur (for the most part) - professional one. The professionals have falsified documents, ignored income, provided the wrong product and walked away with fees and little to no risk. The homeowners OTOH have destroyed a nice chunk of their financial lives. 2. You keep blaming the homeowner. They are to blame but they are already bearing the brunt of the problem while the professionals are not. 3. The mortgage problem is just a part of the financial mess. If Paulson and his ilk are to be believed (jury is still out), the gambling by bankers on all kinds of debt using borrowed money is a much larger problem than defaulting subprime mortgages. 4. If Bush and crew had bothered (remember his speech on this?) to address the mortgage problem instead of telling people it is their fault so live with it, this meltdown would not have been quite so shocking. He only stepped in when the pocketbook of his BASE was threatened. 5. If you don't gain much more from society than the cops, why bother? There are better ways to live than in such a depressingly suspicious and nasty place. We gain more for our effort by doing things together, don't you understand Econ 101? It was in garbled English. Nothing that you have posted shows that you have more than a very rudimentary understanding of these issues. You don't understand moral hazard although you will try and use the words from time to time. Of course Iraq is a US taxpayer subsidy to oil companies. Goodness gracious, where have you been these past 5 years?