You just keep reiterating your points. We get it. You don't think this is that big of a deal. Do you have to keep re-stating it? You're not convincing anyone here otherwise because we all know better.
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You just keep reiterating your points. We get it. You don't think this is that big of a deal. Do you have to keep re-stating it? You're not convincing anyone here otherwise because we all know better.
the more people understand this, the more scared they are
How are these guys not fired?
Let's say I'm a cook. And when it comes time to make a dish I drop it on the ground.
And then ask you for 700 billion dollars.
I wouldn't have a job anymore.
That's some wishful thinking but that's because there's a free market for cooks. It's not that way with the government. The worse that can usually be done by the populace is vote some out when ever their prescribed amount of time is up.
In the case for shitty investors/CEOs they often are fired but it's much harder. A cook is easily replaced, some one who would know how to run Lehman Brothers is not. Firings may occur due to the economy but we'll have to see after the dust settles expect litigation (where people can try to punish those the state won't since there's few laws against what they did)
I'm talking about the people that are supposed to oversee all this.
we're not bailing them out, we're bailing us out
I make six figures (off the books, mostly), have a 720 or so credit score, and bought a 400,000 house with 10% down and no income verification 6 months ago. I don't think it's that hard out there for people like you and me. It's hard out there for people with 640 credit scores and a few blemishes here and there. And you know what? It SHOULD be fucking hard to get a $360,000.00 loan.