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I Hate You America

LTC8K6 said:
IIRC, the banks were basically forced to make such loans.

It was "unfair" not to make such loans...
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That's not the case at all. The banks actively chased and encouraged people to take out those loans when they had no initial thought of doing so. And the current crises is much more than the sub prime problem, the sub prime part was just the first crack that appeared.
 
Francesca R said:
"The problem was that we'd all made a big mistake coming down from the trees in the first place. And some think that even the trees had been a bad move, and no-one should ever have left the oceans." ;)
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Personally I think the buck stops with sexual reproduction. If we just stopped at budding and let it be, we wouldn't be in this mess.
 
I'm apathetic towards America with respect to the "financial crisis" because whilst the interest on my savings is crap, house prices have plummeted, allowing me to buy a nice one with a mortgage I can afford to pay back.
 
Ivor the Engineer said:
I'm apathetic towards America with respect to the "financial crisis" because whilst the interest on my savings is crap, house prices have plummeted, allowing me to buy a nice one with a mortgage I can afford to pay back.
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As in every game there are winners and losers. For someone like you just entering the market you can easily make a bargain.

Someone who entered the market just six months ago are more or less stuck with their house for a considerable period into the future.
 
gumboot said:
I should point out that my OP was tongue in cheek. ;) I love 'Muricans. The work bit is true, but a minor setback, that's all.

The responses are interesting, however.
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If things get worse for you, you could always immigrate to the U.S. and get on welfare.
It'll help if you have a wife with 16 children.
 
You hate us now? Well, that's it! I'm taking the kids and moving in with Mother!
 
TragicMonkey said:
Um, I'm sorry, but the USSR did invade European countries and kept them for fifty years! Ask Czechoslovakia and Hungary about Soviet invasions.
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Yep,right here.But it was for forty years (+1) we were under Moscow.(1948-1989)Not that it was not bad enough,economy was in ruin.


gumboot said:
How did you come to that conclusion?
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Stereotypes,CT thinking and "dislike"? (Maybe some were missed)
 
Corsair 115 said:
According to a 60 Minutes piece a couple of weeks ago, it was. At least, that's what the knowledgeable traders they interviewed for the program said.
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Pshaw! Are you're going to believe a bunch of futures traders involved in the business or are you going to believe someone asserting "common knowledge" on the Internet?

gumboot said:
Well that's why I said middle America. :)
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Oh, you meant Cent...

ingoa said:
[south park] Blame Panama!! Blame Panama!! [/south park]
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...grrr, beat me to it. :D
 
Francesca R said:
Prior to today, gumboot thanked middle America every day because middle America was responsible for gumboot's employment and income entirely.
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lol - touche

fn foreigners. Good thing they make good food at least (well OK except for Great Britian).
 
Some people just shouldn't be allowed to own houses.
A recent study by the Office of the Comptroller of the Currency found that more than 50 percent of troubled homeowners had missed at least one payment six months after a lender modified their loan, and lenders and other researchers report similar default rates on modified mortgages.
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On a related note...

I was in an airport a couple of weeks ago. Right near the gate for my plane, there was a kiosk with a big Southwest Airlines logo on it and a big Visa logo on it. Guy standing next to it was hawking free baseball caps and all kinds of Southwest frequent flyer points if you signed up for a Visa card.

Methinks, "Wait a minute. I keep hearing that the economic engine is seized up, that there's no credit out there any more, that capital, not labor, is on strike, that lending standards have gotten a lot stricter. And yet, here's this guy offering credit to complete strangers in an airport!!!"

That was the point where my head exploded.
 
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