Comments | superquarky: I don't understand...

superquarky

I don't understand...

Mar 05, 2009 22:39

Okay, so first off y'all know I'm not into politics and all that garble. So if this sounds like I'm a complete idiot, then know that I most likely am. Well, not a general-idiot, just an politics-idiot. I've just been rolling this idea around in my head for the past couple of days and I need to ask others what's up ( Read more... )

Comments 9

sharonlover March 6 2009, 12:57:55 UTC

America will not learn from their mistakes because for the majority, people are greedy. When the new laws get enacted to help keep this from happening again, it just means that all these bad bank loans and credit card companies won't be at fault. American CEO's will find some way to dupe the average consumer for a profit ( ... )

sleepyj910 March 6 2009, 23:15:09 UTC

Americans need to consume because in our capitalist system money needs to flow. One reason we're in deep crap is because 1% of Americans own 90% of the wealth, and so there's less money whirling around, and now that the banks are going under the rich have even less interest in investing their money in the rest of us ( ... )

gnea March 7 2009, 17:23:09 UTC

You know, the media likes to make it sound as if money isn't flowing, but the fact is, money flows quite well everyday, all over the country and the world. Nothing is stopping it. If you that's what you believe, then I have to ask you: what crack are you smoking and where can I get some ( ... )

sleepyj910 March 7 2009, 19:56:57 UTC

There are thousands of businesses that currently can not expand because the banks refuse to lend, since they have no capitol.

Obviously money always flows to some degree, since anyone who still has a job or buys anything is part of that.

gnea March 7 2009, 20:10:37 UTC

Right. And they are not going to lend to anyone who isn't qualified for the money.

The problem is that the lenders and banks started handing out loans to anyone who 'seemed' to be qualified. IOW, they lent it out to people who faked their way into the system.

There's this belief that all people should be able to have enought money to get by on, regardless of what their real intentions in life are.

The fact of the matter is, if someone doesn't have what it takes to properly budget their money out for years to come (some call it an 'education'), and if they fraudulently acquire a loan, then the probability that they default on their mortgage/car/whatever loan is 90+%.

People who buy and sell everyday items are just that, and it is a completely market from those who deal in loans.

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