Posted on 02/20/2010 7:53:25 PM PST by Talkradio03
““1. Because the banks loaned money they did not have.” This is simple BS. They had the money, but lost it due to the housing market crash.”
I’ll only address the first one because it is so blatantly wrong that it defeats all of your arguments.
Banks were allowed and encouraged to loan ‘money’ unsecured by actual deposits. They were and are allowed to loan each dollar up to 10 times. Effectively printing money which led to the huge increases in home “values” as “investors” used money that didn’t exist to buy homes which were increasing in value at unheard of rates.
Then when Soros, Michael Dell and a couple other extremely wealthy people withdrew $700 Billion from the market within a few hours the bill came do. Companies that had been in operation for decades suddenly had to pay their bills. Only they couldn’t because the money did not exist. Again, they were leveraged $10 for every $1 they actually had.
So they went belly up and were bought for a song. I think it was WaMu that was purchased by JPMChase for 10 cents on the dollar. Coincidentally JPMC is a big supporter of Obama with its CEO personally donating $60k to the election.
So all this funny money gets yanked out of the economy, taxes go up, jobs disappear, incomes decline drastically and you blame the individual. Morgan Stanly, Lehman Brothers et al are the evidence you are wrong.
“For some reason, you seem to think it is ethical to break the law “
When the law is not ethical or moral it is biblical and ethical to break those laws. Especially after the leaders and govt have refused to adhere to biblical law.
Cmon over, you’ll find an appropriate greeting.
You should turn on Hannity right now. They are talking about exactly this. How the govt(dems) is shielding the banks from their corruption.
“When the law is not ethical or moral it is biblical and ethical to break those laws. Especially after the leaders and govt have refused to adhere to biblical law.”
I don’t know what Bible you’re reading, but maybe you should reread it. NOWHERE in the Bible does it say that. In fact it says “Give unto Caeser what is Caesars”. It is NEVER ethical to cheat and steal, which is exactly what you’re advocating.
“Cmon over, you’ll find an appropriate greeting.”
What, you think it is alright to do it to another business (ie. the bank), but you don’t think it is right for someone to do it to you? What a hypocrite!!!
It also says our govt is responsible for adhering to biblical law.
“Give unto Caeser what is Caesars” is one of the more misunderstood and misused passages.
“You should turn on Hannity right now. They are talking about exactly this. How the govt(dems) is shielding the banks from their corruption.”
I really doubt Hannity would advocate bulldozing the bank’s property or stealing from the banks. You probably hear what you want to hear just so you can justify your immoral actions.
If I steal from my customers I would not expect them to pay me.
“It also says our govt is responsible for adhering to biblical law.”
Wrong again. There NOTHING in the Bible that says the government is obligated to follow Biblical teachings. Furthermore, NOTHING in the Bible would support your belief that destroying the bank’s property or stealing from the bank is alright. You’re moral compass sure is screwed up.
enjoy your naive life, you obviously can’t understand what is really happening to our country.
Goldman Sachs was in bankruptcy but was paid for every dollar they stole.
“If I steal from my customers I would not expect them to pay me.”
Why should your customers pay you if anyone in your industry steals from its customers? That is exactly what you’re advocating by lumping all the banks together. Also, if a customer feels you stole from them then does that give them the right to bulldoze your business in protest? See, your argument is mind numbing.
“Goldman Sachs was in bankruptcy but was paid for every dollar they stole”
Again, I call BS on this because Goldman Sachs didn’t steal all of their money nor do the facts support your allegation. Besides you may think me to be naive, but I know darn well what is happening to our country. Problem is the conservatives will never unite because we have people like you that believe in taking immoral and unethical actions just to get even. I may be naive, but at least I’m ethical. Can’t say the same for you though.
good bye
“Banks were allowed and encouraged to loan ‘money’ unsecured by actual deposits. They were and are allowed to loan each dollar up to 10 times. Effectively printing money which led to the huge increases in home “values” as “investors” used money that didn’t exist to buy homes which were increasing in value at unheard of rates. So all this funny money gets yanked out of the economy, taxes go up, jobs disappear, incomes decline drastically.”
Your own argument states that the government, Dell, & Soros are to blame for our economy; not the banks. I think you’re confusing yourself now or just don’t quite understand the economy very well.
I only blame the individual when the individual was so stupid as to take a home loan he could afford or charge up those credit cards that he couldn’t afford. NOBODY MADE HIM BUY ANYTHING EVER! What part of that concept goes so far over your head?
“good bye”
Well look at the bright side, we may not like each other or agree on too many things, but at least we both have the right to our own opinions and the right (for now at least) to debate those opinions.
goodbye...
Under the same circumstances, I'd certainly have considered it. The foreclosure was not due to missing payments, but was due to the IRS going after his business. Maybe he should have bulldozed the IRS office instead.
You’re operating based on the old rules. The banking system has moved on to a new set of rules where you pay their bills and yours.
I’ll give you the last word.
Thanks for the last word....
I still assert that even if the bank has fishy rules, a responsible person just needs to walk away and avoid all loans/credit cards from them. If the person still choses to do business with the banks, they do so at their own risk and by their own choice.
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