The Liberal Utopia - What if..

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Seattle Husker said:
No nation but the swings of "deregulation" like in the banking industry have been the closest we've come and in many cases have been positive but have been disastrous in other areas. For example, the most recent recession was strongly influenced by the unregulated CDO market in which banks were carrying billions of dollars of liability off the books.
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Of course the root cause of the 2007 financial crisis was the government pushing (and in some cases forcing) lenders to give mortgages to the poor. As a result, having the ability to pay back a loan was not a criteria for getting a loan.
 
4th_floor said:
Of course the root cause of the 2007 financial crisis was the government pushing (and in some cases forcing) lenders to give mortgages to the poor. As a result, having the ability to pay back a loan was not a criteria for getting a loan.
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That was also a contributing factor.
 
After seeing a bit on TV where people believed MLK had recently endorsed a candidate, does anyone honestly believe 95% of the public really knows what a true socialist is?
 
After seeing a bit on TV where people believed MLK had recently endorsed a candidate, does anyone honestly believe 95% of the public really knows what a true socialist is?
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I saw that. Almost as scary as the segment where many people agreed that it was great that Hitler had tweeted for Trump to kiss his "Wiener schnitzel".
 
You need to watch the Big Short if you think poor people caused the 2007 financial crisis. Sophisticated folks talked poor people into taking loans they couldn't pay (nobody forced anybody to give a $700,000 mortgage to a dockworker). It wasn't the government packaging them into a CDO rated AAA, it was shady Wall Street manipulators, most of whom we bailed out (not out of jail, cause only one person was jailed.)
 
"Sophisticated folks talked poor people into taking loans they couldn't pay (nobody forced anybody to give a $700,000 mortgage to a dockworker"

No doubt some maybe many lenders glossed over the fact that a loan has to be paid back and I wish any that could be prosecuted for that would have been
BUT some blame should be put on people who took a too good to be true deal without once asking a common sense ( no sophistication needed) question; how will we pay this back.
BTW many dockworkers can afford a 700k loan.
 
I knew the story before the movie, but the movie was accurate. Phil: Do you believe the government set up the CDOs or invented the liar loan? Or maybe it was poor people. You think maybe janitors working late at night would create the CDos at Goldman Sachs, then have janitors working at Standard & Poors rate them AAA, then sell them to janitors working for pension funds, all while rich folks who ran the businesses remained oblivious?
 
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Hollandtx said:
After seeing a bit on TV where people believed MLK had recently endorsed a candidate, does anyone honestly believe 95% of the public really knows what a true socialist is?
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I'm always skeptical of those videos. Clearly there are some ignorant people in this country but how many people do you think they ask to find said ignorant people? I imagine them standing on a corner all day to find the handful of people they typically show to mock on TV.
 
Phil: Do you believe the government set up the CDOs or invented the liar loan?
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I know that Hollywood is going to vilify business and spare the government of any culpability in anything like this. It sells tickets and they are as much about perpetuating the narrative as any MSM outlet. I just don't see going to Hollywood to get the absolute true story on anything. Maybe they get it right by accident, certainly not because telling the truth was foremost in their minds.

I do know of one big bank that was forced to take bailout money by the feds. They told the Fed they did not need the money and the Fed said you will take it or else.
 
The movie was based on a book by Michael Lewis, the guy who wrote Moneyball. Sure, the movies went Hollywood, but bank villainy/arrogance/incompetence/uncaring were dramatized, not created. Pretty much run by the same cast of characters scheming against regulation to prevent that kind of crap from happening again.
 
"I'm always skeptical of those videos. Clearly there are some ignorant people in this country but how many people do you think they ask to find said ignorant people? I imagine them standing on a corner all day to find the handful of people they typically show to mock on TV."

I would love to believe you are correct. How about a challenge? Ask 10 random people of your choosing to describe socialism, that aren't 50+ years old. I think you will be shocked.
I have done it, and I was 1/10.
I don't think schools teach this type of stuff anymore. Recently, I had to go through all of my mother's personal things after she and my father passed away. I came across a binder from her junior year in high school, filled with her homework. (I have no idea how that was still around, but it was a fascinating look in to my mom's world when she was young)
She lived in the little Podunk town of Lake Jackson, and would have been a sophomore around 1953-ish. I was amazed at the sophistication of what was taught in her small town. There was a binder from her Civics/Government class, and the time spent (based on her notes and research paper) on the different "isms" was staggering.

Her other class work, such as math, English, were just as impressive. I think back then teachers taught to learn, and weren't hampered so much to teach to pass tests.
 
Sad to see N'awlins murder rate climbing again. Post Katrina, it had declined to a more moderate level. Of course there are mostly liberal judges in the Big Easy who are hesistant to punish black on black crime. If you don't punish crime, the crime rate rises.

Also surprised Chicago is not on this chart. I guess Mayor Deadfish uses million-man math.
 
Joe Fan said:
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You might want to read the article from a non-religious angle and the quote might not be so insidious. Ramon Castro kissed her on the forehead and both cheeks claiming it was from himself and each of his brothers. Do you think her comparison is focusing on holy or trinity?

That article simply exposed their own bias.
 
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