Where did the credit crisis of today get it's start?
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"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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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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There are some here at cp that would call you a racist for linking to such an article :)
MrPlankton
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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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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?
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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
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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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
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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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.
Oh, and don't forget that prick Bush too. Bush seeks to increase minority homeownership[^]
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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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Oh, and don't forget that prick Bush too. Bush seeks to increase minority homeownership[^]
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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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.
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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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.
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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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
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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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.
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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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
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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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
Just reading your reply from post earlier this week...
MrPlankton
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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
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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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
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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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.
73Zeppelin wrote:
the answer is that it was expected that there would be government intervention in the markets (read: bail-out) in case of mass defaults
You accuse the government to intervene because private companies expect the government to intervene. 'It' was expected the government would not let 1929 happen again, and would eventually intervene, whatever the extraordinary risks taken by private companies. The bet was that if the risks were shared by enough companies, there would be no risk at all, taxpayers would pay in case of failure. This expectation is dishonest, disgusting, and tantamount to extortion.
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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Hey, fire them all, Bush, Cheney, Paulson, Pelosi, Reid, Franks ... the whole stinkin' crew. Just be sure you get Pelosi before Cheney. I don't think I could stand even one minute of Nasty Nancy, POTUS.