Where do you stand?

#51
#51
rjd970 said:
The people that work at the banks and the people that have money invested in the market are paying. Most executives and decision makers that made the mistakes are making out like bandits.
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which ones? they're all fired or no longer have viable companies.

The spectacular news garbage you're seeing about those at the helm of the big dogs is just sensationalism. Those CEOs and execs weren't behind the decisions on these mortgage pools. They are responsible, but they weren't making the bad decisions.

MBS market was a staple of the entire finance industry and driven by the implicit gov't guarantee from Fannie. Decisions based upon that are hardly stupid. Mortgage backs were the investment standard beyond the risk free rate (gov't debt).
 
#52
#52
emainvol said:
I am obviously not in my comfort zone when dealing with economic factors. I am tending to revert back to conversations I have had with some of my professors (which I will admit range from liberal to moderate but no further).
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Ahh, we now have the source of his theories. There is always hope when the root cause is expossed. Hang in there E, we will get you through this.
 
#53
#53
T-TownVol said:
Ahh, we now have the source of his theories. There is always hope when the root cause is expossed. Hang in there E, we will get you through this.
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Ha, they are smart guys. They really have little to do with my beliefs aside from giving me a jumping off point in some of my weaker areas.
 
#54
#54
emainvol said:
I am obviously not in my comfort zone when dealing with economic factors. I am tending to revert back to conversations I have had with some of my professors (which I will admit range from liberal to moderate but no further).
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fair enough. I'm of the mind that the deregulation card is purely for the election politics process.

The issue was mortgage underwriting and you've seen it fixed. You now have to be a gold standard borrower to get a mortgage on anything, commercial or residential.
 
#55
#55
BigPapaVol said:
fair enough. I'm of the mind that the deregulation card is purely for the election politics process.

The issue was mortgage underwriting and you've seen it fixed. You now have to be a gold standard borrower to get a mortgage on anything, commercial or residential.
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Free silver!
 
#56
#56
therealUT said:
You do understand that BHO, if he wins, will have enough of a majority in Congress to prevent any filibustering by the Republicans. That is an incredible gamble you are taking.
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This isn't a given, the democrats have a shot at a filibuster proof senate, but it is not a given by any means. The democrats have a much better shot at the presidency than they do having a meaningful majority in either house.
 
#57
#57
emainvol said:
Ha, they are smart guys. They really have little to do with my beliefs aside from giving me a jumping off point in some of my weaker areas.
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I guarantee you that they are smart guys. I think it would be foolish not to listen to them. It would also be foolish to assume that they don't have a heavy political bias in their talking points, unless you know them very well.
 
#58
#58
rjd970 said:
This isn't a given, the democrats have a shot at a filibuster proof senate, but it is not a given by any means. The democrats have a much better shot at the presidency than they do having a meaningful majority in either house.
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It sure as hell is not worth taking the risk, though. This country would be a hell of a lot better off had FDR and LBJ never come around. We definitely do not need 4, or even 2, more years of that.
 
#60
#60
If BHO is elected I'm going to go buy a gun or two on Nov. 5th while I still have the chance.
 
#61
#61
BigPapaVol said:
which ones? they're all fired or no longer have viable companies.

The spectacular news garbage you're seeing about those at the helm of the big dogs is just sensationalism. Those CEOs and execs weren't behind the decisions on these mortgage pools. They are responsible, but they weren't making the bad decisions.
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I edited my post before you posted this to say responsible, "made" was a bad choice of words.

And yes, they are all fired with their golden parachutes and severence packages.
 
#62
#62
JZVOL said:
If BHO is elected I'm going to go buy a gun or two on Nov. 5th while I still have the chance.
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So the ability to purchase guns is that big of an issue for you? You have a criminal record or something that would limit your ability to buy one?
 
#63
#63
rjd970 said:
I edited my post before you posted this to say responsible, "made" was a bad choice of words.

And yes, they are all fired with their golden parachutes and severence packages.
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those are a function of the positions and negotiated at hiring.

I guarantee you that the vast majority of those folks would prefer to be back at their old desk rather than getting the hammer for money.
 
#64
#64
UT IE 95 said:
So the ability to purchase guns is that big of an issue for you? You have a criminal record or something that would limit your ability to buy one?
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What would that matter, there are convicted felons voting for Obama so why shouldn't a convicted felon have a gun or two as well?
 
#65
#65
UT IE 95 said:
So the ability to purchase guns is that big of an issue for you? You have a criminal record or something that would limit your ability to buy one?
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It sure is for me. I also do not believe that a criminal record should limit someone from purchasing firearms.
 
#67
#67
UT IE 95 said:
So the ability to purchase guns is that big of an issue for you? You have a criminal record or something that would limit your ability to buy one?
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damn right, this is a free country, ur not taking them away from me w/out a fight
 
#70
#70
UT IE 95 said:
Alrighty then!
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Consider the basis for the reason why our Forefathers felt it was important that citizens should have the uninfringed right to bear arms. That right was necessary for the citizens to keep a potentially despotic government in check. So, you think that persons whom the government deems unfit to bear arms fits that initial idea set forth by our Forefathers???
 
#73
#73
therealUT said:
It sure is for me. I also do not believe that a criminal record should limit someone from purchasing firearms.
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I agree to an extent. I have a felony conviction from an incident that happened when I was a very young man. I in no way shape or form deserved the right to own a firearm.

About five years ago my wife and I decided we wanted one for protection. We now own two. She can use them as effectively as I can (except for the shotgun). I cannot possess a gun by law (need to hire an attorney and reinstate my rights) but my wife can and if there is ever an intruder in our house I am within my rights to use that firearm for protection.
 
#74
#74
therealUT said:
Consider the basis for the reason why our Forefathers felt it was important that citizens should have the uninfringed right to bear arms. That right was necessary for the citizens to keep a potentially despotic government in check. So, you think that persons whom the government deems unfit to bear arms fits that initial idea set forth by our Forefathers???
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I believe convictions of certain crimes come with forfeiting some rights. The right to purchase a gun being one.
 
#75
#75
BigPapaVol said:
I guarantee you that the vast majority of those folks would prefer to be back at their old desk rather than getting the hammer for money.
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I don't doubt that, but it would be nice to see them suffer a little more like the rest of us collectively. The most I have seen on true accountability with these guys is a congressional grilling of Lehman Bro's CEO Richard Fuld...who walked away from the hearing with not so much as a handslap.
 
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