@Donny Gamble - they were lent this money because almost everyone believed that housing prices would always rise. These mortgages seemed to be low-risk, even if the borrower was high-risk, because the underlying asset seemed to be "no risk."
Real estate was perceived to be a safe, fast growing asset, investors wanted to profit from real estate. So they bought mortgage backed securities, creating an oversupply of money to be lent out. (They also invested in REITs, which aggregated capital and pushed through big development and gentrification in cities.)
It's not like the relaxed lending standards were entirely political. The market conditions were demanding that standards be lowered. Almost nobody in Washington was saying to look out for the crash, even after prices went flat in 2006.
All that's in the past now. The crisis today is one of confidence in the banks.
Unfortunately, some banks seem to think they need to hoard this tax money they're getting. They don't seem to realize that will erode our confidence in capitalism even further.
As conservatives liked to always scold us liberals: "this is not a democracy, it's a republic." These bailouts are the republic in action -- things are being done for our own good, they say.
Ignore the fact that their rich friends are getting bailed out too.
The bailouts will continue because it is too many people in corporate America that are trying to be greedy by making quick money. They try to loan people money that have no business even being able to apply for a loan and expect these people to be able to pay them back. Then the government will keep the bailouts coming to show the economy that they are taking action.
The chart above is ceartinly accurate. iI have pretty much all the properties except those.Now no im not goin out of my way for these tokens but i do eat there a lot cuz its cheap.
use a different program to play the DVDs. Most commercial DVD player programs, including RealPlayer, Windows Media Player, PowerDVD, all obey region controls. I use Media Player Classic - it ignores region control codes.
Actually..I think a lot of the fear mongering that lead up to all of these bailouts aren't really based in fact. So what if some companies fail? Right now, the government is buying stakes in a lot of solvent banks and guaranteeing bad loans that should just be written off as a loss in any other year. There was also a lot of propaganda leading up to the mess about the wonders of homeownership. So maybe the masses finally woke up to what's right, but it doesn't matter all that much because the government will just do whatever it wants anyway. I think a lot of it has to do with the fact it is an election year, and the congress wants to look busy.
It depends on how you define "serving the people." If your definition is solely "do whatever the majority says," then you're absolutely right -- the government is not doing that. If your definition is to do what's best for the people, regardless of public opinion, then the government could well be serving the people. As a wisebread writer, you should know full well what would happen if a lot of these institutions were allowed to fail -- you know about credit default swaps, you know about the domino system of debt we've set up in america. America has a long history of serving it's people by NOT following the whims of the majority, and it's because (and why) we are not a democracy but a constitutional republic. I would say that the past decade or so of bad regulation (not just de-regulation, also regulation that forced lenders to make loans available to the otherwise unqualified as well) is where the government failed to serve the people -- even when that WAS what the masses wanted. Remember, nobody forces people to live outside their means -- the masses wanted it.
wow i never knew tht. i live in illinois and im playing 4 the first time (not that i will ever play again after reading this blog) but n e way i have 2 park places but i alredy entered them both =(
Zimbabwe was at 11.2 million percent in August. We have a long way to go before we are even in the same ballpark.
I think the point lawmakers are missing, is that there is a definite portion of the population is not happy with our culture of spending. I personally think that the majority of this country could use a good recession to force them back into responsible spending.
sup people. Ya I just use gmail and email myself stuff. Works OK but whenever i remember to email myself something i dont forget it at school so there is no point.
Paying 59% of the bill is not paying 59% income tax. Your math and reasoning skills are way to simplistic. The story says each man paid what they could afford. No where does it say the richest guy had $100. If he could afford $59 dollars for a beer he must have a lot more than $100
Paying 59% of the bill is not paying 59% income tax. Your math and reasoning skills are way to simplistic. The story says each man paid what they could afford. No where does it say the richest guy had $100. If he could afford $59 dollars for a beer he must have a lot more than $100
It sickens me to think that the US can continue to just print money to make things better. Have no one seen what is happening over in Zimbabwe with over 300% inflation?
For as much rhetoric that is spread about national security and preventing terrorism from coming over here, it becomes clear that terrorists don't have to do anything: we're killing ourselves.
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away men's initiative and independence.
You cannot help men permanently by doing for them, what they could and should do for themselves.
--Abraham Lincoln
Having a nice supply of diesel is a great idea. It's not too tough to get a 1000 gallon tank (although they're a pain if they start to leak). That's a good bit of home heating--if your house is well-insulated or you live in a warm climate, that might last for years. (Kind of expensive, though--diesel will run you at least $1 more per gallon than fuel oil.) It might be enough to drive your car for years, too, if you've got a very efficient car and you don't drive too much.
A stockpile like that can be great for smoothing out spikes in fuel prices. You could, for example, arrange to buy $1000 worth of diesel every year. In years when fuel was cheap, you'd use less than that and your tank would gradually fill. When fuel was expensive, your tank would gradually empty. (Or you could just pick a time that you thought diesel was cheap and fill your tank--your basic dollar-cost-averaging versus market-timing decision.)
A tank full of diesel is a solid choice for one chunk of your investment budget. As a bonus, unlike with your financial investments, you won't have to pay capital gains taxes on your profits!
@Guest: I too had trouble locating vendors of the product; I believe they are exclusively sold by Green Switch themselves. Visit their site (www.greenswitch.tv), and there is a spot to submit for a quote based on your home and needs.
You can also try the UK alternative Enviroplug (www.enviroplug.com), or even try a search for similar devices.
I too, wish these were easier to get our hands on! Good luck in your quest...
@Donny Gamble - they were lent this money because almost everyone believed that housing prices would always rise. These mortgages seemed to be low-risk, even if the borrower was high-risk, because the underlying asset seemed to be "no risk."
Real estate was perceived to be a safe, fast growing asset, investors wanted to profit from real estate. So they bought mortgage backed securities, creating an oversupply of money to be lent out. (They also invested in REITs, which aggregated capital and pushed through big development and gentrification in cities.)
It's not like the relaxed lending standards were entirely political. The market conditions were demanding that standards be lowered. Almost nobody in Washington was saying to look out for the crash, even after prices went flat in 2006.
All that's in the past now. The crisis today is one of confidence in the banks.
Unfortunately, some banks seem to think they need to hoard this tax money they're getting. They don't seem to realize that will erode our confidence in capitalism even further.
As conservatives liked to always scold us liberals: "this is not a democracy, it's a republic." These bailouts are the republic in action -- things are being done for our own good, they say.
Ignore the fact that their rich friends are getting bailed out too.
Thanks for the mention. A great resource of useful information.
Cheers,
FIRE Finance
It's me. Last message I forgot my site name:)
It sounds great！.
Thank you.
I actually won 50 coke points (which can get you 2 cokes) but I entered like 40 codes!
I have been playing online and i keep on landing on the same spots over and over again!
The bailouts will continue because it is too many people in corporate America that are trying to be greedy by making quick money. They try to loan people money that have no business even being able to apply for a loan and expect these people to be able to pay them back. Then the government will keep the bailouts coming to show the economy that they are taking action.
The chart above is ceartinly accurate. iI have pretty much all the properties except those.Now no im not goin out of my way for these tokens but i do eat there a lot cuz its cheap.
use a different program to play the DVDs. Most commercial DVD player programs, including RealPlayer, Windows Media Player, PowerDVD, all obey region controls. I use Media Player Classic - it ignores region control codes.
Actually..I think a lot of the fear mongering that lead up to all of these bailouts aren't really based in fact. So what if some companies fail? Right now, the government is buying stakes in a lot of solvent banks and guaranteeing bad loans that should just be written off as a loss in any other year. There was also a lot of propaganda leading up to the mess about the wonders of homeownership. So maybe the masses finally woke up to what's right, but it doesn't matter all that much because the government will just do whatever it wants anyway. I think a lot of it has to do with the fact it is an election year, and the congress wants to look busy.
Brings to mind one of my all time favorite quotes....by Frank Borman
"CAPITALISM WITHOUT BANKRUPTCY IS LIKE CHRISTIANITY WITHOUT HELL!!"
Geo
Hi,
I am, Robert
Nice site, verry informative
this is my site:
http://tbDgP4YPQN.spaces.live.com/
It depends on how you define "serving the people." If your definition is solely "do whatever the majority says," then you're absolutely right -- the government is not doing that. If your definition is to do what's best for the people, regardless of public opinion, then the government could well be serving the people. As a wisebread writer, you should know full well what would happen if a lot of these institutions were allowed to fail -- you know about credit default swaps, you know about the domino system of debt we've set up in america. America has a long history of serving it's people by NOT following the whims of the majority, and it's because (and why) we are not a democracy but a constitutional republic. I would say that the past decade or so of bad regulation (not just de-regulation, also regulation that forced lenders to make loans available to the otherwise unqualified as well) is where the government failed to serve the people -- even when that WAS what the masses wanted. Remember, nobody forces people to live outside their means -- the masses wanted it.
wow i never knew tht. i live in illinois and im playing 4 the first time (not that i will ever play again after reading this blog) but n e way i have 2 park places but i alredy entered them both =(
Zimbabwe was at 11.2 million percent in August. We have a long way to go before we are even in the same ballpark.
I think the point lawmakers are missing, is that there is a definite portion of the population is not happy with our culture of spending. I personally think that the majority of this country could use a good recession to force them back into responsible spending.
sup people. Ya I just use gmail and email myself stuff. Works OK but whenever i remember to email myself something i dont forget it at school so there is no point.
-peace love and gap
Paying 59% of the bill is not paying 59% income tax. Your math and reasoning skills are way to simplistic. The story says each man paid what they could afford. No where does it say the richest guy had $100. If he could afford $59 dollars for a beer he must have a lot more than $100
Paying 59% of the bill is not paying 59% income tax. Your math and reasoning skills are way to simplistic. The story says each man paid what they could afford. No where does it say the richest guy had $100. If he could afford $59 dollars for a beer he must have a lot more than $100
It sickens me to think that the US can continue to just print money to make things better. Have no one seen what is happening over in Zimbabwe with over 300% inflation?
For as much rhetoric that is spread about national security and preventing terrorism from coming over here, it becomes clear that terrorists don't have to do anything: we're killing ourselves.
Very Wise Words
You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away men's initiative and independence.
You cannot help men permanently by doing for them, what they could and should do for themselves.
--Abraham Lincoln
Don't buy organic, but only local & in season.
What's up next?
Sweet potatoes (you can keep your white taters), citrus fruits, etc.
Having a nice supply of diesel is a great idea. It's not too tough to get a 1000 gallon tank (although they're a pain if they start to leak). That's a good bit of home heating--if your house is well-insulated or you live in a warm climate, that might last for years. (Kind of expensive, though--diesel will run you at least $1 more per gallon than fuel oil.) It might be enough to drive your car for years, too, if you've got a very efficient car and you don't drive too much.
A stockpile like that can be great for smoothing out spikes in fuel prices. You could, for example, arrange to buy $1000 worth of diesel every year. In years when fuel was cheap, you'd use less than that and your tank would gradually fill. When fuel was expensive, your tank would gradually empty. (Or you could just pick a time that you thought diesel was cheap and fill your tank--your basic dollar-cost-averaging versus market-timing decision.)
A tank full of diesel is a solid choice for one chunk of your investment budget. As a bonus, unlike with your financial investments, you won't have to pay capital gains taxes on your profits!
@Guest: I too had trouble locating vendors of the product; I believe they are exclusively sold by Green Switch themselves. Visit their site (www.greenswitch.tv), and there is a spot to submit for a quote based on your home and needs.
You can also try the UK alternative Enviroplug (www.enviroplug.com), or even try a search for similar devices.
I too, wish these were easier to get our hands on! Good luck in your quest...