Arizona's New Immigration Law

[JoeRedskin]

Originally Posted by joethiesmanfan

The pressure came from the punch drunk builders. Building houses creates wealth. They built too many houses and tried to stave off the inevitable housing price decline by trying their best to put warm bodies in those houses. Banks who had invested in the over build mode had to try to get people in those houses. The crisis was caused by over bulding. Banks were throwing out cash to builders left and right. All these 500,000 dollar condos sitting empty. Don't sound like government hand out loans to me, or socialism. See this is the problem with the free marlet religion. They used to have a mantra "housing prices will always increase", and they believed this to be fact. So, if housing prices will always increase, then keep building. All the other mistakes else are just false conslusions derived from this false premise. Like always, the conservative tactic is to blame someone else stick the blame to someone. I made a mistake but it wasn't my mistake you didn't listen to me, totally. Totally submit to my philosophy next time and I won't make those mistakes.

It's been said before and will be said again. Wow. Just wow.

Way to over simplify in order to validate your pre-existing biases. You clearly read just enough to be stupid.

[joethiesmanfan]

Originally Posted by JoeRedskin

It's been said before and will be said again. Wow. Just wow.

Way to over simplify in order to validate your pre-existing biases. You clearly read just enough to be stupid.

Typical know everything conservative. They have all the answers. Talk about opver simplify "cut taxes" is the way to Nirvana.

[JoeRedskin]

Originally Posted by joethiesmanfan

Typical know everything conservative. They have all the answers. Talk about opver simplify "cut taxes" is the way to Nirvana.

1. Did I assert that cutting taxes is the way to Nirvana?

2. Did I assert that I know everything?

3. Did I make sweeping general statements about complex financial relationships?

4. Did I make generic assumptions about large groups of people with points of view different then mine?

Did you do any of the above?

I would put you on ignore, but I find your semi-informed, over simplifications morbidly fascinating.

[joethiesmanfan]

Originally Posted by JoeRedskin

1. Did I assert that cutting taxes is the way to Nirvana?

2. Did I assert that I know everything?

3. Did I make sweeping general statements about complex financial relationships?

4. Did I make generic assumptions about large groups of people with points of view different then mine?

Did you do any of the above?

I would put you on ignore, but I find your semi-informed, over simplifications morbidly fascinating.

What came first the chicken or the egg? Did the inventory of (over building) houses exist before the sub-prime loans? Why would banks design such crazy loans? What would be their motivation? Government pressure? When have banks ever operated in this fashion?

[Rainy Parade]

Originally Posted by joethiesmanfan

Why would banks design such crazy loans? What would be their motivation?

duh... money.

they didn't care if there were actual bodies in actual houses. they'd package up all these loans and sell them off to someone else. it was like hot potato they were just passing shit around to each other making money.