capitalism
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- bliznutty0
i think you guys need to put into perspective that the selling of debt and financial derivatives are fraudulent and 'should' be protected by a justice system and free market values. what is going on here is a combination of corporatist entities creating toxic assets and reselling them as A+ investments which is fraud. with that said the big commercial banks that fail deserve to fail in a free market system. the truth is the government is protecting these banks after committint fraud against the people in plain daylight. this is not capitalism people. this is corporatism and failure of government to protect free market systems and capitalism.
- stop pointing fingers. what do you think got us here in the first place?********
- i'm just pointing a finger at Michael Moore for making such a stupid filmbliznutty
- then i'm pointing all of mine at you for being short sighted********
- i'm far from short sided man.. i simply hold the side of free market economics w/o govt intrusionbliznutty
- stop pointing fingers. what do you think got us here in the first place?
- ********0
bliznutty
thats where I disagree with you. I do think selling debt and derivatives are healthy. However, derivatives should have been regulated.
- ********0
"stop pointing fingers. what do you think got us here in the first place?"
People buying stuff who cant afford.
- Debt wouldn't exist if this didn't happen.DrBombay
- Debt can exist if people actually paid back. Not get a new card when they run of credit.********
- .. run out of********
- ********0
my point there being the people who tend to think they need regulation. no. they need self control.. if you point a finger at someone else, you aren't taking responsibility.
the loan failures equate to everyone going to an all you can eat buffet and eating until you were terminally ill. no one made you sign the papers and buy a house, boat, car, rv, 4wheeler, engagement ring, and 2 big screens tv except yourself.
- so stop pointing fingers!!!!********
- that i agree with. The consumers have yet to take responsibility for their part in the crash.********
- Foreclosure rates disagree with that statement.DrBombay
- What does it say anyways?********
- rent then bitch, you can't afford a house. it's a privilege not a right.********
- Thats not what Bush said !!!********
- Stop being an argumentative tit for the sake of being an argumentative tit.DrBombay
- that's reality.********
- but whatever********
- so stop pointing fingers!!!!
- ********0
- ********0
BTW, 1 out 4 people who are in foreclosure can afford the pay for the loan. They just dont want to.
- That is what is known as an Ass-Stat...DrBombay
- Yah I guess, you telling johnny boy, you go tell 60 min that they are wrong!!********
- ********0
stop being argumentative? go fuck yourself. a lot of irresponsible people have fucked things up for a lot of other people. if i could keep one poor family from taking on a loan they couldn't afford but knew they could get approved for, i'd argue with my fists.
- Funny that you blame the borrower and not the lender.DrBombay
- Funny how you blame the lender instead of the borrower.********
- The borrowers are losing the homes they can't afford. What else did you want?DrBombay
- Debtors prison?DrBombay
- They borrowed what they cant afford, what else can you say?********
- It seems they need to do something else to make you happy.DrBombay
- Nono, I am plenty happy. You should call 60 min.********
- fucking idiots , if one day it happens to you , you wont play the smart ass********
- it was all about Credit Inflation, RETARDS********
- DrBombay0
It's been fun trolls, but I have shit to do.
- ********0
http://www.cbsnews.com/video/wat…
You go tell them DrBombay!! Tell them they are wrong and they are using ASS STAT for their news!!!
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drbombay, now would be a good time for you to go. you seem to forget the borrower asked the lender for help... and lied, stating they could pay it back. keep defending the guilty.
- ukit0
There is only one person to blame here
- ********0
DrBombay blames Ogilvy
- Is this that dickhead that lost his house in California with a new username?DrBombay
- you're kinda dumb.********
- in that retarded because you're ignorant kinda way huh?********
- bliznutty0
here is what i think, anyone that blames freedom and/or free markets for the problems of the world today needs a history lesson and their head examined..
- ********0
"I blame all the fancy marketing that makes me want to buy things I don't need and can't afford."
Ironic. All the fancy marketing stuff created by people this board.
- ukit0
Everyone just wants to keep hearing the same shit. To a right wing, government is to blame for every single thing wrong, and always was, from the beginning of time. To a hippie, it's corporations.
If the problems of the world were so simple, believe me they would have been solved by now.
- ********0
I'd like to thank the collective asshat contingent on this site to send me back to my bookshelf to reread Adam Smith, David Ricardo and Karl Marx. You know, the collective trifecta of classic economic thought, before all this nonsensical neo-classical economic shell game started up about 35 odd years ago.
And in conclusion, you guys are all arguing on a Kramer/CNBC level - in other words in a real fucking narrow band, without a fucking thought to capitalism as a human designed system, originally conceived in fits and starts as an alternative to address the inherent flaws and suppositions in feudalism, the markets relationship to the state, then through the various phases of colonialism, industrialism, trade (protected and free), and ultimately to finance capitalism with a floating global currency system.
No, but do go on arguing about whatever the Tea Party thinks economics is. It's fun to watch.
We had a decent civilizational shot at something cool here, but if you can't see feudalism sneaking back in, your missing the picture.
After years of experience in the Politics thread I don't expect much here.
"...you think you're so clever and classless and free,
But you're still fucking peasents as far as I can see."
- utopian2
CAPITALISM DIED IN THE 1960s.
- ********0
spraycan, happens? this just happened? I almost bought a house before this bs, we saw the fall happening and looking at a house as an investment and not something we deserved, we decided we shouldn't. the paperwork was done, the offer was ready, the house was chosen, but we wanted real freedom, not payments in a house that was going to lose value.
you stink of self-entitlement. fuck this "want your cake and eat it too" attitude.
everyone had a choice.
- ********-1
I think you should look up the definition of communism and fascism :)
O wait. You can't - You only repeat what you hear on MSNBC.
Funny that M Moore ows stocks in all the companies he rails against....
Funny that this Movie should be called Corporatism not capitalism but I wouldn't expect you to actually read or research anything.
Funny Michael Moore Got Government funding to make this film.
Isn't that interesting?
- yes, you are right he's an asshole liar who never stands by what he says... NOTpr2