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  4. Where did the credit crisis of today get it's start?

Where did the credit crisis of today get it's start?

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  • R Rob Graham

    Oakman wrote:

    can

    LOL, there's always JFK's Veep and successor LBJ... I just Know that he had a hand in this...

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    Oakman
    wrote on last edited by
    #27

    Rob Graham wrote:

    there's always JFK's Veep and successor LBJ

    I can't help think that JFK and LBJ would be appalled by what the Democratic party has become - and in the interests of fair play, Barry Goldwater is on record as being appalled by what the Republicans have become.

    Jon Smith & Wesson: The original point and click interface

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    • B BoneSoft

      Nah. And even if I was, and was really cold, I could say he already got his. But, it sure would be nice to tie Teddy K to it. :-D But seriously, I'm not interested in more partisan BS *cough Peloci*, I'm interested in Justice. Let the heads roll no matter what side of the isle they may be on.


      Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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      Oakman
      wrote on last edited by
      #28

      BoneSoft wrote:

      Let the heads roll no matter what side of the isle they may be on.

      The Queen of Hearts solution seems quite fitting - we can set up one guillotine in the Senate, one in the House of Representatives and maybe a dozen on Wall St.* Added: * we'll have to send a car for Bill Clinton. His office is in Harlem /Added

      Jon Smith & Wesson: The original point and click interface

      modified on Tuesday, September 30, 2008 3:13 PM

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      • L Lost User

        "GAs prices rose, food prices shot up"... due to Global Warming! Global Warming alarmism was the pin that burst the subprime mortgage bubble that caused the worlds markets to collapse thus ensuring noone would have anything to spend on Kyoto. Justice.

        Morality is indistinguishable from social proscription

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        Oakman
        wrote on last edited by
        #29

        fat_boy wrote:

        Global Warming alarmism was the pin that burst the subprime mortgage bubble

        :zzz: :zzz: :zzz: :zzz: :zzz: :zzz:

        Jon Smith & Wesson: The original point and click interface

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        • A Adam Wimsatt

          This article from Sept. 30, 1999 spells it out nicely: New York Times[^]

          Fuzzy Llama Creative Solutions, Inc. Wordles LLC Pachuko Boy

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          KaRl
          wrote on last edited by
          #30

          It forgets a big parameter, the securitization of the debts which multiplied and propagated the consequences worldwide.


          Where do you expect us to go when the bombs fall?

          Fold with us! ¤ flickr

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          • M MrPlankton

            There are some here at cp that would call you a racist for linking to such an article :)

            MrPlankton

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            Oakman
            wrote on last edited by
            #31

            MrPlankton wrote:

            There are some here at cp that would call you a racist for linking to such an article

            trolling?

            Jon Smith & Wesson: The original point and click interface

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            • B BoneSoft

              fat_boy wrote:

              Oh, and f*** that prick Clinton too.

              Don't forget Carter, who signed the bill that started the whole stinking mess[^].


              Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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              KaRl
              wrote on last edited by
              #32

              What about the one who in 1968 transformed the government agency in a private corporation?

              If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr

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              • K KaRl

                It forgets a big parameter, the securitization of the debts which multiplied and propagated the consequences worldwide.


                Where do you expect us to go when the bombs fall?

                Fold with us! ¤ flickr

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                Oakman
                wrote on last edited by
                #33

                Ka?l wrote:

                It forgets a big parameter, the securitization of the debts which multiplied and propagated the consequences worldwide.

                Little Adnan, which part of 1999 didn't you understand?

                Jon Smith & Wesson: The original point and click interface

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                • O Oakman

                  Ka?l wrote:

                  It forgets a big parameter, the securitization of the debts which multiplied and propagated the consequences worldwide.

                  Little Adnan, which part of 1999 didn't you understand?

                  Jon Smith & Wesson: The original point and click interface

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                  KaRl
                  wrote on last edited by
                  #34

                  One thing AQ boy, neither Fortis or Dexia lent money to home buyers in the US. If the debts had not been exported through what are now junk bonds, never this crisis would have been so severe worldwide.

                  If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr

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                  • O Oakman

                    MrPlankton wrote:

                    There are some here at cp that would call you a racist for linking to such an article

                    trolling?

                    Jon Smith & Wesson: The original point and click interface

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                    MrPlankton
                    wrote on last edited by
                    #35

                    No, sorry if came off that way. The point that this mess was caused as a side effect of making mortgages more accessable to minorities "affirmative action mortgages" was made by me earlier this week, but I was accused of being a racist for making the point. I would have loved to link to the article that Adam °Wimsatt found that indicates it is not a myth or racism on my part.

                    MrPlankton

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                    • B BoneSoft

                      fat_boy wrote:

                      Oh, and f*** that prick Clinton too.

                      Don't forget Carter, who signed the bill that started the whole stinking mess[^].


                      Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                      Ed Gadziemski
                      wrote on last edited by
                      #36

                      Oh, and don't forget that prick Bush too. Bush seeks to increase minority homeownership[^]

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                      • M MrPlankton

                        No, sorry if came off that way. The point that this mess was caused as a side effect of making mortgages more accessable to minorities "affirmative action mortgages" was made by me earlier this week, but I was accused of being a racist for making the point. I would have loved to link to the article that Adam °Wimsatt found that indicates it is not a myth or racism on my part.

                        MrPlankton

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                        Ed Gadziemski
                        wrote on last edited by
                        #37

                        Bush seeks to increase minority homeownership[^]

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                        • E Ed Gadziemski

                          Oh, and don't forget that prick Bush too. Bush seeks to increase minority homeownership[^]

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                          BoneSoft
                          wrote on last edited by
                          #38

                          Fine, forget the fact that he tried to reign in Fannie and Freddy and fry him too. I don't care. Just the fact that he's pushing the bail out is enough. But what the hell... Bush can't win for loosing with you die hard 'partisan or bust' lefties. I'd think you'd love him for this kind of socialist touchy feely crap.


                          Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                          • B BoneSoft

                            Fine, forget the fact that he tried to reign in Fannie and Freddy and fry him too. I don't care. Just the fact that he's pushing the bail out is enough. But what the hell... Bush can't win for loosing with you die hard 'partisan or bust' lefties. I'd think you'd love him for this kind of socialist touchy feely crap.


                            Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                            Ed Gadziemski
                            wrote on last edited by
                            #39

                            An understanding of the root of a problem is the key to its successful solution. If you were employed in software development, you'd probably recognize that.

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                            • B BoneSoft

                              Fine, forget the fact that he tried to reign in Fannie and Freddy and fry him too. I don't care. Just the fact that he's pushing the bail out is enough. But what the hell... Bush can't win for loosing with you die hard 'partisan or bust' lefties. I'd think you'd love him for this kind of socialist touchy feely crap.


                              Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                              Oakman
                              wrote on last edited by
                              #40

                              BoneSoft wrote:

                              Bush can't win for loosing with you die hard 'partisan or bust' lefties

                              I like a bust as well as anyone in here, especially perky ones, but that's not the reason Bush lost all credibility with me a long time ago.

                              Jon Smith & Wesson: The original point and click interface

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                              • M MrPlankton

                                No, sorry if came off that way. The point that this mess was caused as a side effect of making mortgages more accessable to minorities "affirmative action mortgages" was made by me earlier this week, but I was accused of being a racist for making the point. I would have loved to link to the article that Adam °Wimsatt found that indicates it is not a myth or racism on my part.

                                MrPlankton

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                                Oakman
                                wrote on last edited by
                                #41

                                MrPlankton wrote:

                                I would have loved to link to the article that Adam °Wimsatt found that indicates it is not a myth or racism on my part

                                It was linked to about four days ago. You are obviously not paying attention, young man.

                                Jon Smith & Wesson: The original point and click interface

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                                • E Ed Gadziemski

                                  An understanding of the root of a problem is the key to its successful solution. If you were employed in software development, you'd probably recognize that.

                                  B Offline
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                                  BoneSoft
                                  wrote on last edited by
                                  #42

                                  Ed Gadziemski wrote:

                                  An understanding of the root of a problem is the key to its successful solution.

                                  Yes! You should look into that. Let me know how it goes.


                                  Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

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                                  • K KaRl

                                    One thing AQ boy, neither Fortis or Dexia lent money to home buyers in the US. If the debts had not been exported through what are now junk bonds, never this crisis would have been so severe worldwide.

                                    If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr

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                                    Oakman
                                    wrote on last edited by
                                    #43

                                    Ka?l wrote:

                                    One thing AQ boy, neither Fortis or Dexia lent money to home buyers in the US. If the debts had not been exported through what are now junk bonds, never this crisis would have been so severe worldwide.

                                    Did that make sense in Urdu? Or French? How does what you said relate to an article written in 1999? Just because your mentor strings phrases together that make no sense and have no bearing on the subject at hand, doesn't mean that you should.

                                    Jon Smith & Wesson: The original point and click interface

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                                    • O Oakman

                                      MrPlankton wrote:

                                      I would have loved to link to the article that Adam °Wimsatt found that indicates it is not a myth or racism on my part

                                      It was linked to about four days ago. You are obviously not paying attention, young man.

                                      Jon Smith & Wesson: The original point and click interface

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                                      MrPlankton
                                      wrote on last edited by
                                      #44

                                      Just reading your reply from post earlier this week...

                                      MrPlankton

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                                      • K KaRl

                                        One thing AQ boy, neither Fortis or Dexia lent money to home buyers in the US. If the debts had not been exported through what are now junk bonds, never this crisis would have been so severe worldwide.

                                        If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr

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                                        73Zeppelin
                                        wrote on last edited by
                                        #45

                                        The question is why these mortgages were securitized into junk assets - the answer is that it was expected that there would be government intervention in the markets (read: bail-out) in case of mass defaults. That is why government interference in the markets (i.e. the socialist ideology) is the worst thing that could ever happen and why government should play as little a role as possible in capital markets.

                                        ...that mortally intolerable truth; that all deep, earnest thinking is but the intrepid effort of the soul to keep the open independence of her sea; while the wildest winds of heaven and earth conspire to cast her on the treacherous, slavish shore.

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                                        • O Oakman

                                          Ka?l wrote:

                                          One thing AQ boy, neither Fortis or Dexia lent money to home buyers in the US. If the debts had not been exported through what are now junk bonds, never this crisis would have been so severe worldwide.

                                          Did that make sense in Urdu? Or French? How does what you said relate to an article written in 1999? Just because your mentor strings phrases together that make no sense and have no bearing on the subject at hand, doesn't mean that you should.

                                          Jon Smith & Wesson: The original point and click interface

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                                          KaRl
                                          wrote on last edited by
                                          #46

                                          You're getting lower and lower everyday, Hatred is like a cancer, it is eating you alive... what a pity to witness such a decay. I explain once again, I hope you will be able to understand my bad english. I don't think this article explains the roots of this crisis. Either it doesn't go far in the past enough missing the original fault which was transforming a government agency in a profit-maximizing private company or it it miss the cause of the severity of the current crisis, the financial games made by the banks to make more money with the debts.

                                          If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr

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