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Originally posted by eywadevotee
History has shown us these type of protests lead the way for a manipulative charismatic leader to take power. Stalin Hitler and friends. It has always been from the frying pan into the fire. Something has to be done, but are you willing to take the bitter red pill to cure the disease? The disease is BOTH government corruption and general laziness of people who are unwilling to do anything on their own. It's "they got their piece of the pie, WHERE IS MINE?" That's the nuts and bolts of the protesters message. How about this, rather than sucking the government's big throbbing C%%K why not get together with a few friends and start your own business?
As for the corruption, it will take care of itself soon enough, especially if people instead of demanding "fairness" nut up, create their own jobs, open their windows, and tell the manipulative cronies that they are mad as hell at them and WE ARE not going to take it anymore, GIVE ME JUSTICE AND LIBERTY, OR GIVE ME DEATH!
This is what the OWS movement has evolved into:
Americans taking a stand against all these things and more. It's a personal movement for everyone in the sense that everyone wants something that has a personal effect on them. At the same time it is a national movement, because we are all tired of the same old song and dance and we're ready to give something new a shot of working.
Originally posted by KeliOnyx
reply to post by Asktheanimals
So in other words by your own flawed logic anyone wanting change is a traitor. Until they somehow magically become not a traitor after an amendment to the Constitution is passed. That is some fine simplistic thinking right there. Sorry real life is seldom so simple. The amendment process exists as a means to effect change and to allow us to iron problems that were left unattended. The Constitution is far from perfect even the founders knew that. Even today we are wrestling with a problem they couldn't agree on an answer to corporate greed and it's influence on Congress.
Originally posted by Aim64C
reply to post by Vortiki
The only thing that can be agreed upon is that things need to change. The problem is that we do not necessarily agree upon how things should change. I've gotten into it with earthcitizen a couple times over this issue - I'm some kind of selfish loon because I don't like the idea of the government telling businesses what to do (unless it is at the state/local level), and I don't like the idea of the government taking away my options and conditions for charitable donation/community outreach.
Originally posted by Mourninwoody
Originally posted by Tsurugi
reply to post by Honor93
if this is some lame attempt to excuse predatory lending, you are sadly mistaken. The responsibility of "due diligence" falls on all parties, not just the borrower.
I keep hearing about this "predatory lending." Will someone please explain to me how you can make money by giving it to people who can't/won't pay it back?
Maybe it was predatory borrowing, which was enabled by the forced lowering of lending standards that was required for the Affordable Housing crap. (those houses are really affordable now, aren't they? Too bad if you actually had equity in your home....but hey, at least poor people can now afford to buy your house from you!!)
I believe It works by loaning money to high risk persons then repackaging the loans with others, bribing moody's to give their stamp of approval and selling the loans to investors as AAA quality. Many of the investors that bought this garbage were big funds where peoples 401k's were invested. Perhaps the people that manage these funds knew this stuff was garbage and were on the take, I don't know but wouldn't be surprised. Also its my understanding those selling this crap short it and make additional money on the downside. I believe Goldman Sachs was caught doing this. When everything crashes they get their "bought and paid for" politicians to bail out the "to big to fail" institutions with our tax dollars. Thats my understanding of things though I'll be the first to admit I'm no expert.
I don't think most people are upset with every wealthy person in America (I'm not), just those that make their fortunes in this manner and rightly so.edit on 17-10-2011 by Mourninwoody because: (no reason given)
A corporation is a legal entity that has gained artificial persona and as such should be regulated like everything else. This is a common sense issue for me(and I speculate for many others as well).
As for social welfare systems many countries throughout the globe have such in place and I see absolutely NOTHING WRONG with it. Some nations take it to extremes, but that is a different story, since libertarians want absolutely no state intervention in wealth distribution and/or the provision of other related services.
Libertarians are part time anarchists and part time republicans it seems. They have no problem with lemon socialism, that is bailing out "too big to fail" companies but they DO have a problem with sick and injured people collecting state welfare. I think this approach is utterly inhumane, unfair and morally corrupt but it is still MY OPINION and others can disagree.
Originally posted by Aim64C
reply to post by EarthCitizen07
A corporation is a legal entity that has gained artificial persona and as such should be regulated like everything else. This is a common sense issue for me(and I speculate for many others as well).
I'll put it to you this way:
The problem we have is over-nationalization - attempting to solve everything at the highest level.
The problem with your assessment is, also, that it is based on a fallacious principle. Fannie Mae and Freddie Mac are Government Sponsored Enterprises - which, roughly, translated into the stock that these companies were selling were treated like government securities. Economists were cautioning - back in 2003 - that financial trouble in the lending industry would lead to a bailout of Fannie Mae and Freddie Mac because it was part of the deal.
There, really, was no need to even discuss the issue. It was a contract arrangement that, to be honest, never should have been.