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Originally posted by sheepslayer247
...
The main catalyst being the repeal of Glass-Steagal. As I'm sure you know, the repeal of the act allowed banks the ability to do as they pleased and even led to the derivatives and mortgage instruments that really caused a world of hurt to our economy.
It wasn't loans made to people that couldn't afford them that caused the problems. It was the ability of the banks to bundle loans and sell them repeatedly with no concern for liquidity value or ROI. If the market took a bad turn, they simply bundled the mortgages again and sold em.
So it would be wise not to question the intelligence of other members when you, in fact, do not have a firm grasp on why we are in the situation we are in.
Originally posted by Plexi
reply to post by macman
I don't really need to.. I'm judging you on your hypocritical statements.. not your voting record.
You "label" me (happy?) an elitist progressive liberal.. do you know my voting record?
Oh and the corporate welfare any day comment was priceless ... again .. quite telling ntm defining.
And yes I'm quite arrogant at times... ignorant? nah.. you should take a look in the mirror before you go looking elsewhere for ignorance
Originally posted by sheepslayer247
I have been reading into the budget proposal and fail to see what is unconstitutional. In fact, this proposal seems to illuminate the fact that congress is untrustworthy and needs to have it's broad powers put on a leash.
On the other hand, if you go to FoxNews and other Right-leaning websites you will see this nonsense being regurgitated over and over again...as if they all got together and decided what today's talking points were going to be.
So all due respect to the OP, but this is just more rhetoric.
You can find this on the FoxNews front page:
OPINION: It's Time for Republicans to Let Obama Own Fiscal Crisis
and this is what the Right is trying to do. They are not interested in doing their duty for the American people, they want to put blame on Obama while they sit back and do nothing.
I hope the Republicans make a counter-offer and let's get the negotiations rolling. Otherwise it will just look like Obama was willing to play ball but the Republicans didn't show up to the game because they couldn't rig it from the start.
Originally posted by macman
reply to post by sheepslayer247
You are confusing the willingness to walk away with complacency.
Those two are not the same.
I personally have gotten more, and seen those get more when patient and willing to walk away if terms are not in my favor.
marked by self-satisfaction especially when accompanied by unawareness of actual dangers or deficiencies : marked by complacency
Originally posted by macman
reply to post by sheepslayer247
I personally have gotten more, and seen those get more when patient and willing to walk away if terms are not in my favor.