Lifestyle > Train of Thought

LOL @ Obama insisting that banks now extend more credit to "mainstreet"

(1/5) > >>

TraceOneInfinite:
This is such a joke, the fact that the media and common people actually take this stuff seriously.

While hes at it, why doesnt Obama just insist that the banks pay off everyones debts, loan out a million dollars to each American citizen, and make us all millionaires!!  That would work right?  Doesnt our government have the power to fix all the problems in the world??

This is so fucking ridiculous.

Anyone who knows the economics of a child, can understand that you loan someone money only if you plan to get that money back.  Otherwise it would not be a loan, you would just give them the money.  So very simple, a bank will loan money to anyone who appears capable of paying that money back.  This is what banks do.

If CEO in Chief Obama demands banks give out loans to people who dont appear capable of paying, then once again these banks will fail and again be begging for a bailout.

So the cycle continues because people dont have even the most basic understanding of economics.

Shallow:

--- Quote from: Infinite...  Be and It Is on December 15, 2009, 10:53:11 PM ---

If CEO in Chief Obama demands banks give out loans to people who dont appear capable of paying, then once again these banks will fail and again be begging for a bailout.



--- End quote ---


That's exactly how the mortgage crisis started in the first place. LOL.

The banks will do it though, because they know that when it all bottoms out and business after business goes under, Obama will be the one giving tax dollars to the banks to keep them in business. We're seeing the end of America. It may take a few more generations, but this is how it will collapse.

Matty:
aren't they raising the debt ceiling but about another 2 trillion so the US government can help out the people more. what a joke.

next year is gonna be way more bumpy as certain western governments refuse to stop money printing.

virtuoso:

But hold on one moment, the mortgage crisis did not equate to the over 13 trillion worth of bailouts, they are a part of a much mazier and complex and just downright criminal derivatives bubble. So for you to say that the banks doing this will lead to another collapse, is deeply misleading, it is the continued drive of derivatives which instigated this crash. The banks would not have the power they hold now without all ceilings being done away with, so to focus on this issue, is essentially marginalising the driving issue. The banks hold all the aces here and not the government, they always have held all the aces, they essentially run the federal reserve, same for some government board members and we know where their conflict of interests lie, such as Paulson.

Bananas:
Good, this is the break I've been looking for to buy my first house. O Bam a! O Bam a!

Navigation

[0] Message Index

[#] Next page