Infantile America

Men's News Daily ^ | 8/16/07 | Thomas Brewton

[qam1]

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details and previous articles.  

[wtc911]

"don't trust anybody over 30" mentality of the Baby Boomers.

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Once more the children on FR show their ignorance in an attempt to punish the adults. The 'don't trust anyone over thirty' cliche came from a MOW called Wild in the Streets...it was written, produced and directed by members of the "greatest generation".

You are such a dope.

[Antonello]

The housing market here in Phoenix is starting to collapse. I’m looking forward to buying a home soon.

[Nervous Tick]

The current generation are less to blame than their Baby Boomer teachers who fancied themselves so smart that they didn't need education. Their mission was to take control of universities, eradicate the classical curriculum that transmitted the values of Western civilization, and to replace it with "relevant" subjects, i.e., the ideology of socialism's revolutionary social justice.

And they hang on, like a bad cold...

[14themunny]

Oh please. Like no one saw this coming. My brother is a real estate broker here in Southern California, and we were joking this morning about how he was selling multi-million dollar houses to crackheads who talked about how thick they wanted the marble on the countertops. No-doc loans. Give me a break.

[Eric in the Ozarks]

The mortgage meltdown was caused by private ratings agencies, S&P, Moody’s and Fitch who pawned off sub prime refinance loans as just another loan and packaged these up like bonds. The “re” in refinance should have perked up some ears. They knew sub prime was thin ice to begin with.

[Radix]

I will concede that I have some things to learn from younger generations despite their infatuation with body piercing, tattoos, and a God awful excuse for music.

[Red_Devil 232]

What is “MOW”?

[Old Sarge]

Personally, I don’t trust anyone UNDER thirty...

And for all the identifying of the source of the problem, we all know that absolutely nothing can be done about it.

[sergeantdave]

Collapse of the subprime mortgage market reflects...an opportunity to buy more property at a discount.

Now if only the liberal taxers would also collapse.

[Gorzaloon]

Genrally one of those articles that make me say, "I wish I had written that", except the the weak ending:

Blaming mortgage brokers for the subprime collapse is like blaming alcoholism on the distillers.

The distillers and the mortgage brokers are experts at their product, and they know exactly what their products do, or can do if abused.

One does not distribute nips of whiskey at AA meetings, and is that at all different from issuing bent-rules loans to spendthifts?

[Wolfie]

Oh sure, the scumbags peddling ridiculous mortgages had nothing to do with it. And now they’re whining for the government to bail them out.

[wtc911]

TV Movie of the Week.

[Billthedrill]

This boomer is writing this from a house that I own and is paid for completely out of my own lifelong hard work. I'm getting a little tired of peeling off the tar from the broad brush you're wielding the umpteenth time it slaps across my butt. When you've done this you'll have a right to start smirking at "Boomers." Until then I cordially invite you and the rest of the X'ers to stick a sock in it. IMHO.

[FlyVet]

Oh, you haven’t heard? According to some Freepers we Baby Boomers are the cause of all the troubles in the world, no matter what we did with our lives. And of course there are no genetic Socialist Nitwits among the Gen X/Gen Y souls, and if there are, it’s The Boomers’ Fault too!

[Syncro]

It was widely quoted by Jerry Rubin.

First uttered by Jack Weinberg before that movie you reference.

[sionnsar]

FWIW, as with JFK and Challenger, I still remember where I was the first time I ever heard of Adjustable Rate mortgages. And I remember thinking that the idea had “DISASTER IN THE MAKING” written all over it.

Unlike the first two I can't remember the "where" of ARMs, but my reaction was the same as yours.