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![]() | #51 |
Banned Join Date: Oct 2017 Location: In a house
Posts: 902
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The heart of the wise inclines to the right, but the heart of the fool to the left. Ecclesiastes 10:2. |
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![]() | #52 |
Senior Member Join Date: Dec 2015 Location: Arizona
Posts: 9,811
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![]() | #53 |
Banned Join Date: Oct 2017 Location: In a house
Posts: 902
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![]() | #54 | |
Senior Member Join Date: Dec 2015 Location: Arizona
Posts: 9,811
| Quote:
The problem is that we (most of us) do not want a society where profit is the only criterion: we want stability, quality of life, protection from faulty products, job security, housing and good health. Apparently, the GOP thinks differently. They want all those things for themselves AND their loved ones, but not for everyone because in their world PROFIT DOES COME first. Is that survival of the fittest? Only the strong survive? | |
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![]() | #55 | |
Senior Member Join Date: Dec 2015 Location: Arizona
Posts: 9,811
| Quote:
JUDAS---I wish you could read OR retain what you read. I didn't say capitalism. I said UNBRIDLED--UNCONTROLLED--UNCHECKED--UNCONSTRAINED--UNREGULATED....capitalism. | |
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![]() | #56 |
Senior Member Join Date: Sep 2015 Location: Lehigh Valley Pa.,USA
Posts: 8,132
| That was not the fault of Capitalism.....It was the regulations that allowed or caused these crashes to happen....Especially 2008....The Federal Government ordering banks to loan money to people who are not qualified to have them was the main cause of this mess...
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![]() | #57 | |
Senior Member Join Date: Dec 2015 Location: Arizona
Posts: 9,811
| Quote:
I'll refer you to post #55. | |
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![]() | #58 |
Senior Member Join Date: Sep 2015 Location: Lehigh Valley Pa.,USA
Posts: 8,132
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![]() | #59 | |
Banned Join Date: Oct 2017 Location: In a house
Posts: 902
| Quote:
https://www.forbes.com/sites/georgel...nd-dodd-frank/ | |
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![]() | #60 | |
Senior Member Join Date: Dec 2015 Location: Arizona
Posts: 9,811
| Quote:
Uhhh...you can't be serious. I'm supposed to read an opinion by a guy I've never heard of--never read--isn't an economist, a tinker, a tailor or a much of anything- except a freelance writer who sent his opinion to Forbes. The guy doesn't even have a finance degree. Thanks, but no thanks. How about this. 1) Low mortgage interest rates 2) Low short-term interest rates 3) Lower standards 4) Irrational behavior/greed and the... 5) Credit crisis. The one essential cause of the housing bubble was irrational behavior and greed. The housing bubble would not have occurred without the widespread belief that home prices would continue to rise. Greed contributed to the other three causes. Mortgage interest rates would not have been so low if foreign investors and credit rating agencies had not believed that U.S. home prices would keep rising. Low short-term interest rates would not have led to such extensive use of ARMs and such a high degree of leveraging without greed. And relaxed standards for mortgage loans would not have led to such a large increase in subprime mortgages without greed. The perfect storm. | |
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income, inequality, problem, solving |
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