kuzi16: phobicsquirrel: laker1963: kuzi16: laker1963:I have only heard you and Kuzi blaming the government for the banks and their loose lending policies. how about this: http://www.capmag.com/article.asp?ID=5503 http://www.capmag.com/article.asp?ID=5487http://www.cato.org/pub_display.php?pub_id=10074http://www.cato.org/pubs/journal/cj29n1/cj29n1-8.pdfhttp://www.openmarket.org/2009/10/23/the-solution-to-the-government-caused-housing-crisis-more-government/http://moneyning.com/housing/government-regulation-in-the-housing-and-financial-crisis/ that was just a VERY quick search using Yahoo! and a quick search on sites i think are interesting. if you would like to read more i would be willing to look up more for you. there are people talking about it other than me and puro. laker1963:The arguement that the banks were FORCED to make bad investents is just silly. But that is just my opinion. i agree. it is silly. the government set up the regulations to make it very easy to get a loan even if you couldnt afford it or it was questionable to get one. then, the FDIC and other government agencies took the risk out of making those loans by insuring them. the lending companies went out and made loans with no risk because the government would take care of them and buy them up. ... and they did. this made money for them and they wouldnt have concequences. this was unsustainable, at some point people need to get paid. the bubble burst. again, when you regulate the risk out of investment, no good can come from it. it will always bite you in the ass. if the government regulation wasnt there, the loans probably would not have been made because there was too much risk to their own money. it is easy to risk other peoples money. and thats what they were doing. i hope my wording was correct. did that make any sense?I am going to spend some time reading your links, and will comment later Kuzi. Hey doug, your wasting your time here. You really are.im glad you take the time to look at all opinions phobic. there is some info here that you may not want to miss. who knows, if you open your mind, you may learn something. i have linked to economists, news sources, and different think tanks. there are some well thought out arguments in there. many (if not all) are well documented. if you have a counter argument, then please feel free to present it, but dont just brush these links and my thoughts aside as worthless simply because you do not agree with them. laker, thank you for taking the time to read them and put thought to them as to formulate a counter argument. debate and discussion is always a good thing, even if you dont agree with the other person and never will. also, thank you for taking it seriously and leaving name calling out of it. this is exactly the type of conversation people need to have. i want you to know that i dont think you are stupid. I dont want you to think that i think you dont care about people. I know you do. i know you are passionate about subjects. I am as well.
phobicsquirrel: laker1963: kuzi16: laker1963:I have only heard you and Kuzi blaming the government for the banks and their loose lending policies. how about this: http://www.capmag.com/article.asp?ID=5503 http://www.capmag.com/article.asp?ID=5487http://www.cato.org/pub_display.php?pub_id=10074http://www.cato.org/pubs/journal/cj29n1/cj29n1-8.pdfhttp://www.openmarket.org/2009/10/23/the-solution-to-the-government-caused-housing-crisis-more-government/http://moneyning.com/housing/government-regulation-in-the-housing-and-financial-crisis/ that was just a VERY quick search using Yahoo! and a quick search on sites i think are interesting. if you would like to read more i would be willing to look up more for you. there are people talking about it other than me and puro. laker1963:The arguement that the banks were FORCED to make bad investents is just silly. But that is just my opinion. i agree. it is silly. the government set up the regulations to make it very easy to get a loan even if you couldnt afford it or it was questionable to get one. then, the FDIC and other government agencies took the risk out of making those loans by insuring them. the lending companies went out and made loans with no risk because the government would take care of them and buy them up. ... and they did. this made money for them and they wouldnt have concequences. this was unsustainable, at some point people need to get paid. the bubble burst. again, when you regulate the risk out of investment, no good can come from it. it will always bite you in the ass. if the government regulation wasnt there, the loans probably would not have been made because there was too much risk to their own money. it is easy to risk other peoples money. and thats what they were doing. i hope my wording was correct. did that make any sense?I am going to spend some time reading your links, and will comment later Kuzi. Hey doug, your wasting your time here. You really are.
laker1963: kuzi16: laker1963:I have only heard you and Kuzi blaming the government for the banks and their loose lending policies. how about this: http://www.capmag.com/article.asp?ID=5503 http://www.capmag.com/article.asp?ID=5487http://www.cato.org/pub_display.php?pub_id=10074http://www.cato.org/pubs/journal/cj29n1/cj29n1-8.pdfhttp://www.openmarket.org/2009/10/23/the-solution-to-the-government-caused-housing-crisis-more-government/http://moneyning.com/housing/government-regulation-in-the-housing-and-financial-crisis/ that was just a VERY quick search using Yahoo! and a quick search on sites i think are interesting. if you would like to read more i would be willing to look up more for you. there are people talking about it other than me and puro. laker1963:The arguement that the banks were FORCED to make bad investents is just silly. But that is just my opinion. i agree. it is silly. the government set up the regulations to make it very easy to get a loan even if you couldnt afford it or it was questionable to get one. then, the FDIC and other government agencies took the risk out of making those loans by insuring them. the lending companies went out and made loans with no risk because the government would take care of them and buy them up. ... and they did. this made money for them and they wouldnt have concequences. this was unsustainable, at some point people need to get paid. the bubble burst. again, when you regulate the risk out of investment, no good can come from it. it will always bite you in the ass. if the government regulation wasnt there, the loans probably would not have been made because there was too much risk to their own money. it is easy to risk other peoples money. and thats what they were doing. i hope my wording was correct. did that make any sense?I am going to spend some time reading your links, and will comment later Kuzi.
kuzi16: laker1963:I have only heard you and Kuzi blaming the government for the banks and their loose lending policies. how about this: http://www.capmag.com/article.asp?ID=5503 http://www.capmag.com/article.asp?ID=5487http://www.cato.org/pub_display.php?pub_id=10074http://www.cato.org/pubs/journal/cj29n1/cj29n1-8.pdfhttp://www.openmarket.org/2009/10/23/the-solution-to-the-government-caused-housing-crisis-more-government/http://moneyning.com/housing/government-regulation-in-the-housing-and-financial-crisis/ that was just a VERY quick search using Yahoo! and a quick search on sites i think are interesting. if you would like to read more i would be willing to look up more for you. there are people talking about it other than me and puro. laker1963:The arguement that the banks were FORCED to make bad investents is just silly. But that is just my opinion. i agree. it is silly. the government set up the regulations to make it very easy to get a loan even if you couldnt afford it or it was questionable to get one. then, the FDIC and other government agencies took the risk out of making those loans by insuring them. the lending companies went out and made loans with no risk because the government would take care of them and buy them up. ... and they did. this made money for them and they wouldnt have concequences. this was unsustainable, at some point people need to get paid. the bubble burst. again, when you regulate the risk out of investment, no good can come from it. it will always bite you in the ass. if the government regulation wasnt there, the loans probably would not have been made because there was too much risk to their own money. it is easy to risk other peoples money. and thats what they were doing. i hope my wording was correct. did that make any sense?
laker1963:I have only heard you and Kuzi blaming the government for the banks and their loose lending policies.
laker1963:The arguement that the banks were FORCED to make bad investents is just silly. But that is just my opinion.