Rhino: My take on who to blame for the situation we are in.

-6 votes

Regulation hurt, bad regulation made it worse, but that is not it.

Congress's mandate, passed on to Freddie and Fannie, that everyone should have the opportunity to own a home was a big blow, but not the fatal blow.

The poor schmucks that got talked into buying a house they couldn't afford and the whores that talked them into it had a tremendous impact, but this was only an indirect cause.

The greedy banks that leveraged as much as 50:1 to try and increase their margins was idiotic, stupid, and suicidal, but this, too, was only an indirect cause.

It was the private rating companies that failed to do their job. It was the regulations that propped up the validity of these rating companies. And it was their peers that were too afraid to say anything. Just like the Enron debacle, where Arthur Anderson, could have stopped whoring itself and could have spilled the beans, the rating companies were either negligent in their duties or down right on the take. These people should be made penniless for the rest of their lives.

Finally, these financial institutions have the right to be as greedy as they want to be. But at least make it transparent. There should be real time accounting accessible to everyone via the internet. Stop hiding it and let people judge for themselves.

UPDATE:

A start-up opportunity:

Create an exchange where real time accounting is done in the public eye. No need for filings and reports. Maybe a simple annual audit would be all that is necessary.

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blame everyone who compromises for populism to grow

Shrinking from controversy
Suppression of ideas and discussion
Neuro-linguistic brainwash
fear
raising idols as false gods...

blame everyone.

Who keeps digging up these

Who keeps digging up these old posts? /boggle

"The United States can pay any debt it has because we can always print money to do that." — Alan Greenspan

I blame the sheeple

It is the sheeple that elect and re-elect the same criminals over and over again.

There has never been a society that is stupid, prosperous and free...and there never will be.

Fool me once shame on you...fool me twice shame on me.

Looking at it from a simple mind's view...

it was done on purpose to cripple the US economy and facilitate the next phase of bringing about a global economy.

TPTB certainly are smart enough to know that their previous actions were detrimental...or they are completely without intelligence - I doubt the latter.

“The law cannot make a wicked person virtuous…God’s grace alone can accomplish such a thing.” Ron Paul - The Revolution

Human delusion is easily achieved

Fundamentally we as a species can easily deceive ourselves. It has happened all throughout recorded history. An entire nation under Hitler became deluded. We are not immune. Only when humans begin to re-connect to reality will we begin to create a new vision and opportunity to trust truth and communicate truth to one another.

That said, delusion, once again will begin to intrude as we let our guard down and become comfortable with our situation and unwilling to challenge all "truth" as a way of being.

I blame APATHY

for our troubles, most of us have not been paying attention. We put our trust in the system and people running it, not very wise and will cost us dearly.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

My take

is that it is Hollywood and the Mass Media.

It seems odd that a cheap,

It seems odd that a cheap, plentiful consumer product that yields negative cash flow and should realistically be priced below $10,000 should be priced so high that one has to go into debt for 30 years just to buy one.

With 3 million homeless, and 9 million vacant homes, you'd think they'd be paying you to take the things off their hands.

I would say it's the perfect reason to make mortgages a capital offense, but there will always be some fool out there who thinks a house is an investment. HAHA!

Everytime you insinuate that Iran is a threat to America, you slap a soldier in the face.

"Local government" just means the guy telling you what to do lives next door.

Now if they all included some...

large garden plot or a large pot of gold in the deal, there might be some reasoning to it. As is though, it is just one more tactic to acquire more middle class slaves.

But that man should play the tyrant over God, and find Him a better man than himself, is astonishing drama indeed!~~D. Sayers

There is no difference between an authoritarian government from the right or the left...F. A.Schaeffer

Of course! You have the right

Of course! You have the right to exist, you just don't have the right to a place to exist. Now normally this wouldn't be a problem, if we lived in a sane culture that understands a house is a durable consumer good that should be priced as low as possible, but suddenly you toss in mortgages, this sick idea of houses as investments, and a bad economy where the only money to be made is speculating in rental properties, suddenly you inflate the price and create a crisis where people must participate in the economy so they have a place to plant their haunches. It's a topsy-turvy world, and once humans started devolving into a dependent bunch incapable of survival in the wild, they are now an object of ridicule and pity. Indeed, how dare a man call himself a man if he cannot even kill himself a meal.

Perhaps if I was so needy of the efforts of others that I had no option but cooperation, I would've elected to stop existing. Thankfully, my only real dependence in this world, as I lack claws and fangs, is a decent sharp knife. Everything else I need for survival and comfort I can fashion from stuff lying around in the woods.

If they want me to participate in their little "civilization", they'd better make it worth my while, and the rest of us would be much better off if we all followed suit.

Everytime you insinuate that Iran is a threat to America, you slap a soldier in the face.

"Local government" just means the guy telling you what to do lives next door.

I like your way of thinking--

honestly, everyone should be able to create his/her own shelter--

depending upon region:

concrete/underground (concrete can be done 'at home')

straw bale

cob

sand/tires . . .

etc., etc., etc.--

hobbit 'homes'--

log cabins (in wooded areas)

all can be done with a group of people helping and few materials--

!

it's hard to be awake; it's easier to dream--

So people have the right to

So people have the right to exist, they just don't have the right to have a place to exist.

There is a logical disconnect.

Everytime you insinuate that Iran is a threat to America, you slap a soldier in the face.

"Local government" just means the guy telling you what to do lives next door.

true . . .

re-reading what I wrote and then reading what you wrote--

it would be funny if it weren't tragic.

it's hard to be awake; it's easier to dream--

Sometimes we reexamine

Sometimes we reexamine everything we believe, and only then do we realize that which we've fought the most for was wrong.

Everytime you insinuate that Iran is a threat to America, you slap a soldier in the face.

"Local government" just means the guy telling you what to do lives next door.

Rhino, have you read "The Abolition of Man" by C.S. Lewis?

". . .critics may ask, `Why should you suppose they will be such bad men?' But I am not supposing them to be bad men. They are, rather, not men (in the old sense) at all. They are, if you like, men who have sacrificed their own share in traditional humanity in order to devote themselves to the task of deciding what `Humanity' shall henceforth mean. `Good' and `bad', applied to them, are words without content: for it is from them that the content of these words is henceforward to be derived."
Whole book is online at http://www.columbia.edu/cu/augustine/arch/lewis/abolition3.htm

I have, twice ....

C.S.L. had a great description of hell in one of his books.

I am not sure if it was Miracles or another, but it was great.

Hell is where you can have whatever you wish for.

Heaven was hard earned and followed rules.

Guess which side of purgatory we are leaning against.

I think it explains everything

There's no more "bad" humans or "good" humans. There's no more humans at all.
There are 2 classes of people now; the controllers and the controlled.

I think that is a bit simplistic.

I keep thinking back to the movie "Matrix".

A single individual has a chance to change the course of events.

Given human nature, the controllers are every bit as flawed as the controlled.

That is why I am an optimist. Eternally!!!!

Blame it on the lunacy that wealth can be created out of...

thin air. Congress should either end the Fed or resign en masse (those who voted for the budget deal, at least).

We are in the situation we're

We are in the situation we're in because of fascism; the backscratching that goes on between our largest corporations and our government officials, and because of "vulgar libertarians" who choose to look the other way, like you, Rhino...
Last year's Citizens United Supreme Court decision, which granted free speech rights to corporations, is making it easy for companies like Koch Industries to tell us how to vote. They can even intimidate their employees into voting for their candidates.
While on the one hand, the Kochs' pet horrors are "the growth of government and state regulations" - on the other hand, they tighten their grip on politics by shaping election campaigns (google Citizens United) or by taking a seat at the legislative drafting table (google ALEC).

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

So you've now expanded your reperoire

from your repetitive anti-Koch rants to ranting against "vulgar" libertarians and, farther into the thread, using religious slurs. What do you do with your life, Katherine, other than launching vulgar attacks?

I am not launching vulgar

I am not launching vulgar attacks; "vulgar libertarian" is a legitiment terminology for a certain type of libertarian, actually not libertarian at all, just a reactionary, authoritarian, right wing, borderline fascist, that likes to hang onto the freedom movement/r3volution, to earn credibility, and poison the well. You could benefit by looking further into the meaning, reedr3v . I am also educating. As I learn about what is happening to our "republic", I am simply passing it on for others' information. Knowledge is power.

Edit:
I've been thinking about the fact that you accused me of making a "religious slur", simply because I referred to a group of billionaires who are able to define political discourse in America as being Jewish. The truth is, my focus is not on their ethnicicity, it is on the fact that they use their power for selfish motives, while stomping on humanity's face in the process. You found fault in my naming their commonality, rather than the fact that they are able to define political discourse in America.

To call someone "a jew" may insult them because the word jew carries additional meanings (ie to "jew" down a price). The problem may also reside in the fact that being Jewish has been considered shameful by so many for so long. Even those with Jewish blood (such as Rupert Murdoch) sometimes tend to downplay or even hide their "Jewishness", probably because no matter what term you use for it, someone will have already used that term in a derogatory sense.
Also it occurs to me that the Jews do not have any euphemistic terms, like "Hebrew-American". Actually, I applaud them for this, but it means there aren't a lot of politically correct words to use (ie words with no negative historical references).

This situation makes me realize that maybe it's time we tried to be a bit less sensitive about our terminology. However, my calling attention to their common heritage should give us pause as to the reason behind this common denominator.

It is more than merely a coincidence.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

Thanks for the clarification.

LOL

Now that we are all clear that you think the word "Jew" is negative and derogetory, we now know why you specifically inserted it into an already bigoted comment from a sick site.

Carry on.

That's NOT what I said,

but I'm assuming THIS remark is clear enough for you...
Over and Out.

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

Blame people who established a life on credit

Blame everyone for allowing 9/11 to be covered up
Blame everyone for allowing the wars to happen after 9/11
Blame everyone for allowing the bailouts to happen more than 2 times
Blame americans for the increased taxes
Blame americans for paying the taxes without uprising
Blame americans for doing nothing when Ruby Ridge and Waco incidents took place
Blame america for not looking in the mirror

We can blame anyone specifically all day long but in the end it was silence and complicit behavior which bought us our chains.

+$atan+,

Capt, you framed it well, all points, I will add 3 more.
You forgot to name (1)$atan, it should be on top of the list, it is the whisperer of lies who is driving many people crazy, specially those on top of govts., also it$ fake notes, (2)dollar$, on which it charges (3)U$ury, interest on debts / deposits.

Recently, Putin of Russia named the whole country as parasite,
"Putin says U.S. is "parasite" on global economy" -
http://www.reuters.com/article/2011/08/01/us-russia-putin-us...

Alarming- http://www.UsDebtClock.org -is On, turn Off. Stop.
Human safety & Fair efforts need aid of Divine Intervention.
Demons deserving the stick will not accept the Word.

Who do you think REALLY

Who do you think REALLY defines political discourse in America?
Between the Sam Newhouses and George Soros' on the Left, and the Kochs' and the Rupert Murdochs on the Right, a dozen elite Jewish billionaires are able to define political discourse in America.
So while we're busy arguing about government intervention, we ignore the long list of things these billionaires apparently agree on: Israel, 9-11, the war on terror, the wars in Iraq and Afghanistan, the Federal Reserve, trillion dollar bank bailouts, liberal immigration policy and undermining marriage and family by promoting homosexual norms. You can bet they also secretly agree on world government.

http://www.henrymakow.com/koch.html

-
"Stand up for what you believe in. Even if you stand alone."
~ Sophie Magdalena Scholl
"Let it not be said that we did nothing."
~ Ron Paul
"You must be the change you want to see in the world."
~ Mahatma Gandhi

I believe that if they use . . .

religion (Judaism) to cover up their financial activities--

they do it at the expense of 'real' Jews around the world who are not involved--

It could be that much of this began when Jews were allowed only to work in finance, but it has gone beyond that.

These people should NOT be called Jews, because by and large they are only nominal, while those who are true practicing Jews "pay" for their behaviors.

http://www.jewsagainstzionism.com/

http://www.guernicamag.com/blog/2652/noam_chomsky_my_reactio...

etc.

Too numerous to name--people who are Jewish but who disavow the present disastrous and evil political/economic regime (which is, by the way, supported by people of all ethnic groups and religions)

it's hard to be awake; it's easier to dream--

F.A.I.R.

1988vote, you are a fair-minded and peace-loving person, or so it appears from you posts. That blame should not be thrown on the innocents. The innocents should also think about self-preservation, therefore they should distance themselves from evil. At the same time we should consider associations, e.g. jews/judaism should publicly dis-associate from zionism/usury. Much of today's trouble are rooted in usury, and zionism is a product of usury.

Let jews form an association called F.A.I.R,
Forum Against Interest Rates,
invite others to join, - let there be no oppression.

Alarming- http://www.UsDebtClock.org -is On, turn Off. Stop.
Human safety & Fair efforts need aid of Divine Intervention.
Demons deserving the stick will not accept the Word.

Here they come.

Moderators take note.