Do You Think That Banks Are Crooks?

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hemet dennis said:
What ones ?



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Which prohibition? First admitting they were wrong about alcohol (they changed the amendment but never said they were wrong just a failed experiment) and now about prohibition of Soft drugs such as Cannabis.
 
Stephanie739 said:
I don't believe the government is efficient when it comes to business pursuits by any stretch of the imagination, but I am interested in motive. From my perspective, the Democrats motives were to help those with low income obtain homes, an honorable motive. The deregulators, the mortgage bankers, etc. were looking for profit, and they intended to use Freddy and Fanny as a scapegoat to cover for their greed and profiteering. The Federal Reserve doesn't care who gets the blame because they control all the money either way. That is how I see it at this point. I have been studying it for a couple years, and still learning. I'm just leaning more Democrat with each passing day.
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I never said they had bad motives. But you time and again say the Republicans motive is to screw the people. Well a lot of people got the bad end of the stick because of Democrats. And some Democrats admit it.

You can demonize people making money all you want but they're the people that supply the jobs. Take away all private business and you will only have government jobs there has been countries that tried that but I think all have changed.




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hemet dennis said:
I never said they had bad motives. But you time and again say the Republicans motive is to screw the people. Well a lot of people got the bad end of the stick because of Democrats. And some Democrats admit it.

You can demonize people making money all you want but they're the people that supply the jobs. Take away all private business and you will only have government jobs there has been countries that tried that but I think all have changed.




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I'm tired of hearing this. If its true, where are the jobs? In China? India? I created my job.
 
Stephanie739 said:
Fraud is already illegal. What kind of regulation would have helped this? Government oversight requiring banks to obtain proof of income?? It seems the politicians deregulated in order to allow the default insurance policies to be purchased. Those policies were like a gamble. From my understanding, people that didn't even have a financial interest in protecting certain loans were buying these policies so they could cash in when they defaulted. I can't prove this, but I suspect it.

We should not have to depend on the government to babysit the companies. The very ones declaring their support of free markets and capitalism are the very ones destroying our opportunity to enjoy such a life.
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I can go along with what you say but inadequate regulation allows more scope for fraud. Regulation not only limits unfair practices but enables the regulators to look for fraud.

There are many ethical companies but I suspect that most are small businesses. Larger ones seem to be driven by the need to maximise earnings for shareholders and little else. Regulation has, sadly, become increasingly necessary as companies show their determination to find their way around the rules or stretch them as far as possible each time new ones are introduced. Your final sentence is very true.
 
hemet dennis said:
So true if the laws make it more profitable to move companies will. Maybe it's something the president should be working on.




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Maybe it's a difference in wages too.

Asian economies have thrived for years on foreign businesses taking advantage of low wages and poor employee and public protection legislation. It wasn't invented by any current government. Here's an old example:

http://en.wikipedia.org/wiki/Bhopal_disaster
 
Stephanie739 said:
You have no idea what makes me feel better...
still I am tired of hearing so many people blame Barack Obama for the mess this country is in. Most of the serious problems began under Bush. I think you need to research who pushed unaffordable mortgages Dennis. The idea that the poor should have a chance to own a home is a noble and wise pursuit. My mortgage is $272. I can't even rent for that price. But no, greed and devious intentions took over...and that greed wasn't coming from Fanny and Freddy from the way I see it.
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Obama's problem is he is spineless. He also did not do himself any favors allowing Oprah and others to run around calling him the Messiah either. Obama painted himself into his corner and then put himself on a pedestal as if he could fix the economy. He just broke his campaign promise about not raising taxes on people who make 250K or less. What does that say about him? I know you like RP but he just says wacky things when he is starting to sound good.

I don't blame BO for anything myself really (until now) but I also don't credit him for anything either. He is like a eunuch in a harem, he is just there.
 
thaiturkey said:
Maybe it's a difference in wages too.

Asian economies have thrived for years on foreign businesses taking advantage of low wages and poor employee and public protection legislation. It wasn't invented by any current government. Here's an old example:

http://en.wikipedia.org/wiki/Bhopal_disaster
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Trouble is the president only complains and blames others but does nothing about it.



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