Car - conveyance device that drives.
Plane - conveyance device that flies.
My Chevy Impala is really a Citation X. The drunken salesman who sold it to me told me it was. It's just that my plane has a flawed design because it doesn't have wings.
Car - conveyance device that drives.
Plane - conveyance device that flies.
My Chevy Impala is really a Citation X. The drunken salesman who sold it to me told me it was. It's just that my plane has a flawed design because it doesn't have wings.
Originally Posted by GetReel
What idiot would enter into such a deal? You should have known better. Unless of course your Congressman was standing there threatening you with jail & confiscation of all your assets if you refused.
BTW, aren't you a med student? A pretty smart kid with a very bright future, as I recall. Why are you so averse to a dictionary. It is what it is, call it anything you like. It doesn't change the problem or the solution. Now get back to proposing real solutions for real problems. It's time for me to take a nap & wait for the mailgirl to bring my SS check.
social security
noun ( usually initial capital letters ) a program of old-age, unemployment, health, disability, and survivors insurance maintained by the U.S. federal government through compulsory payments by specific employer and employee groups.
Definition of Medicare
Medicare: The US government's national health insurance program for people aged 65 and older who have worked for at least 10 years in Medicare-covered employment, and who are citizens or permanent residents of the US. Medicare Part A covers inpatient hospital stays, and Medicare Part B covers physician and outpatient services.
I also blame the banks. In the 2000's they allowed the middle class and poor to live like the upper class. They let anyone and everyone borrow money. People working unskilled jobs were borrowing $350,000 grand for their dream home. Don't you remember back when folks making minimum wage were driving Cadillac Escalades?
People are not accountable for themselves? The banks standard for borrowing was lowered by politicians, aka your beloved govt. Politicians wanted more home ownership, and Banks were encouraged to lend to borrowers who would normally not qualify. The Govt. then back up the loans. Are you trying to rewrite history here?
This won't help. End of the petrodollar?
http://theeconomiccollapseblog.com/a...he-petrodollar
No, people are not accountable. The modern day mantra is that everything is the fault of some small minority of people who gets vilified. And is all the better if the majority can use the vilification as an excuse to confiscate or extort money from the minority for the majority's benefit. That is why American is falling apart at the seams. It is not the fault of the borrower who lied about his income and net worth and/or took a loan he knew he would never be able to repay -- it is the fault of the bank who "allowed" him to take the loan. On that theory, we should blame the government for obesity because it "allows" people to buy soft drinks and fatty foods. But, of course, the minute the government were to dictate what you eat, the masses would be out in protest in favor of their big mac and 36 oz soft drink.
Many people of my generation wanted the American Dream! Get a job and borrow $500,000 for a home and a Hummer.
I also blame the housing market. Too many people paid too much for their houses. Minimum wage earners for once in history could live in lavish expensive homes.
What you say is true, and while you did not do a rewrite, you have left out some of the story. Most of the loans that went bad were refinances so most of those people borrowed against the value of their house based on the bubble value at the time. These were people who already had homes, not usually new buyers encouraged by the Government. Lenders did not verify information, that is their responsibilty as a lender.It worked great for the lenders though because they sold the loans to banks who bundled up the crap loans into CDO's etc. and then Moody's rated them AAA when they were crap. Then they were sold to other banks and institutions who accepted Moody's rating without questioning the rating.
Some times rewriting history is as simple as excluding what doesn't fit your ideology.
There are many smelly tenacles to the financial crisis.
"The most troublesome men in public life are those over-righteous people who see no motives in other peoples actions but evil motives, who believe all public life is corrupt, and nothing is done well unless they do it themselves." Ulysses S. Grant
It is part of the entitlement generation, which has been created in significant part by our government, which has been pandering to the majority of voters telling them how great and wonderful they are and doling out favors in exchange for votes. Now everyone thinks that simply by virtue of being born they "deserve" a 3000 sq ft home with granite counter tops, a three car garage (with at least one Lexus or Mercedes), and a master bedroom suite with a fireplace.
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