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National debt time bomb ticks toward crisis

Noooo, Plunkey a man as astute as you uses WIKI for a reference....No say it aint so....

There's been a sustained push in the academic community to rail on Wikipedia. I recognize that it has its limitations, but if simply, general-purpose, publicly-available systems have taught us anything it is that they eventually surpass more boutique products.
 
There's been a sustained push in the academic community to rail on Wikipedia. I recognize that it has its limitations, but if simply, general-purpose, publicly-available systems have taught us anything it is that they eventually surpass more boutique products.


lolololololol.....Which is probably true.... lol.....
 
[FONT=&quot]The government guaranteed payment to the lenders for loaning to credit unworthy borrowers. The banks were offering "teaser" low interest, variable interest mortgages that changed into a higher interest rate after 7 years (I think). Banks were literally instructed by the Federal Reserve in memos to loan to unqualified buyers. A lot of the debt created by "subprime" mortgages was distributed financially through 'derivatives' and sold to foreign investors. The loan takers were in on the scam. They were allowed to lie about their finances to get the loans.

Most banks lost no money on these bad loans. Banks are protected by the federal government at any cost. That's why you saw hundreds of billions of dollars sent to Wall Street to bail out financiers. When you remove the negative consequences and of stupid actions, people and institutions will tend to act carelessly.[/FONT]
 
lolololololol.....Which is probably true.... lol.....

I still remember a publicly-driven open source software project to cobble together an operating system by a bunch of neckbeard nerds.

Now Linux (and its variants) run on a ton of platforms.
 
It was the individuals who chose to buy something they couldn't afford.

I never understood how people could do something financially stupid then walk away from it with no consequences. If someone can't afford their mortgage or loses money on it, then the banks should have legal recourse to garnish the homebuyers' wages until they die.

I'm just going to blame the fucking liberals on this whole mess.



:cow:
I never buy into the liberal/conservative false dichotomy. Most politicians on the federal level are owned by banks and fanciers. You wouldn't have seen a multi-hundred billion dollar bail-out for the banks if that wasn't the case.

Politics is like professional wrestling. The whole rivalry between the parties is a scripted battle to keep you entertained. Back stage they are all friends and work for the same group of bosses.
 
I never buy into the liberal/conservative false dichotomy. Most politicians on the federal level are owned by banks and fanciers. You wouldn't have seen a multi-hundred billion dollar bail-out for the banks if that wasn't the case.

Politics is like professional wrestling. The whole rivalry between the parties is a scripted battle to keep you entertained. Back stage they are all friends and work for the same group of bosses.


I think its funny that the gov't keeps the republicans against the democrats, and they argue with eachother as if "thats" the case for every fuck up...lmao
 
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