View Full Version : U.S. Issues Glenn Beck predicting massive Civil Unrest possibly on the way
rrl308
02-22-2009, 01:05 AM
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If you stop and think about it, this is not far from reality. With millions of people losing their jobs and homes, it's not hard to picture people getting upset with what is going on in this Country. People are also going to be upset with having to bail out others. I hope it doesn't happen, but I won't be surprised if it does.
Rausch
02-22-2009, 02:57 AM
I think Beck is teetering on insanity. Honestly. He's not all fucking there.
But I agree. There are a number of problems we're facing that have been ignored for years and it's all going to fall on Obama's lap.
I'm glad he idolizes Lincoln, I think we're going to need one...
beer bacon
02-22-2009, 03:06 AM
Please keep this forum updated on the latest Glenn Beck. Do you have any youtube videos of Beck calling into 7-11s and making fun of their accents?
BucEyedPea
02-22-2009, 06:23 AM
I think Beck is teetering on insanity. Honestly. He's not all ****ing there.
But I agree. There are a number of problems we're facing that have been ignored for years and it's all going to fall on Obama's lap.
I'm glad he idolizes Lincoln, I think we're going to need one...
Lincoln was considered a tyrant in his day. He was too. I think Lincoln teetered on insanity. He closed down newspaper printing presses, jailed and shot war protestors. Protests are getting under way against this administration's heavy socialist tactics. Guess it will be like the collectivization of Russia with guns being targeted so no one can fight back.
Lincoln was considered a tyrant in his day. He was too. I think Lincoln teetered in insanity. He closed down newspaper printing presses, jailed and shot war protestors. Protests are getting under way against this administration's heavy socialist tactics. Guess it will be like the collectivization of Russia with guns being targeted so no one can fight back.Not to mention he executed hundreds of mostly innocent Sioux Indians.
'Hamas' Jenkins
02-22-2009, 06:33 AM
Lincoln was considered a tyrant in his day. He was too. I think Lincoln teetered in insanity. He closed down newspaper printing presses, jailed and shot war protestors. Protests are getting under way against this administration's heavy socialist tactics. Guess it will be like the collectivization of Russia with guns being targeted so no one can fight back.
ROFLROFLROFL
Hog Farmer
02-22-2009, 07:22 AM
He's on the brink of insanity, but so was einstein. With the number of job losses and the cost of living going up combined with the collapse of Mexico, I can see the perfect storm brewing.
Stewie
02-22-2009, 07:34 AM
I'll be the first one at the Lake Michigan Tea Party.
In these sentiments, Sir, I agree to this Constitution with all its faults, if they are such; because I think a general Government necessary for us, and there is no form of Government but what may be a blessing to the people if well administered, and believe farther that this is likely to be well administered for a course of years, and can only end in Despotism, as other forms have done before it, when the people shall become so corrupted as to need despotic Government, being incapable of any other. - Benjamin Franklin
BucEyedPea
02-22-2009, 07:37 AM
"When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."
banyon
02-22-2009, 08:43 AM
The wealthy don't protest in mass numbers or create "civil unrest", they have too much to lose. They will complain in the media though like that Santelli guy who thinks a room full of stockbrockers constitutes a demographic and socioeconomic cross section of America.
And the people getting bailed out of course, don't have a reason to protest. If Glenn Beck keps it up, he may get kicked off of Fox too and wind up being Alex Jones's sub on the radio so he can incorrectly predict doom and gloom for 20 years without any accountability for what he says.
Stewie
02-22-2009, 09:06 AM
The wealthy don't protest in mass numbers or create "civil unrest", they have too much to lose. They will complain in the media though like that Santelli guy who thinks a room full of stockbrockers constitutes a demographic and socioeconomic cross section of America.
And the people getting bailed out of course, don't have a reason to protest. If Glenn Beck keps it up, he may get kicked off of Fox too and wind up being Alex Jones's sub on the radio so he can incorrectly predict doom and gloom for 20 years without any accountability for what he says.
I think you're mistaken about people's willingness to demonstrate their displeasure over bad policy. And things aren't even that bad, yet.
http://www.kansascity.com/news/breaking_news/story/1046960.html
banyon
02-22-2009, 09:15 AM
I think you're mistaken about people's willingness to demonstrate their displeasure over bad policy. And things aren't even that bad, yet.
http://www.kansascity.com/news/breaking_news/story/1046960.html
200 people isn't a big protest.
Hell, I attended this protest in 2004 that was about 800,000 people and we still re-elected that clown.
http://www.actupny.org/reports/rnc_nyc-106224_b7.jpg
Like I said, If you can show me a time that the wealthy protested in mass numbers, I'll be stunned.
200 people isn't a big protest.
Hell, I attended this protest in 2004 that was about 800,000 people and we still re-elected that clown.
http://www.actupny.org/reports/rnc_nyc-106224_b7.jpg
Like I said, If you can show me a time that the wealthy protested in mass numbers, I'll be stunned.Not all ideas can be as cut and dried as "my friends hate Bush, so I do too."
And yes, back in 2004, that was true for about half of the Bush haters.
Adept Havelock
02-22-2009, 09:33 AM
I'm going to have to defer to Kirsten Power's assessment of Mr. Beck.
http://g.imagehost.org/0488/puffs.jpg
stevieray
02-22-2009, 09:45 AM
There is a big difference between protests and civil unrest...
HonestChieffan
02-22-2009, 09:48 AM
The wealthy don't protest in mass numbers or create "civil unrest", they have too much to lose. They will complain in the media though like that Santelli guy who thinks a room full of stockbrockers constitutes a demographic and socioeconomic cross section of America.
And the people getting bailed out of course, don't have a reason to protest. If Glenn Beck keps it up, he may get kicked off of Fox too and wind up being Alex Jones's sub on the radio so he can incorrectly predict doom and gloom for 20 years without any accountability for what he says.
Why not silence him through the fairness doctrine?
BucEyedPea
02-22-2009, 09:48 AM
Gun sales are waaaay up!
banyon
02-22-2009, 09:51 AM
Why not silence him through the fairness doctrine?
There's no need. The corporate media filter will catch him if it continues.
Stewie
02-22-2009, 09:51 AM
200 people isn't a big protest.
Hell, I attended this protest in 2004 that was about 800,000 people and we still re-elected that clown.
http://www.actupny.org/reports/rnc_nyc-106224_b7.jpg
Like I said, If you can show me a time that the wealthy protested in mass numbers, I'll be stunned.
Who said anything about the wealthy? The groundswell will come from the middle class who have lost their jobs and their pensions due to horrible gov't fiscal policy. Throwing trillion$ at every problem isn't going to work because it hasn't been thought through. It's money going into a $20 trillion+ problem caused by the big banks who are the same people telling the gov't how to spend taxpayer money.
stevieray
02-22-2009, 09:52 AM
Why not silence him through the fairness doctrine?
Beck isn't going anywhere.
BucEyedPea
02-22-2009, 09:54 AM
Who said anything about the wealthy? The groundswell will come from the middle class who have lost their jobs and their pensions due to horrible gov't fiscal policy. Throwing trillion$ at every problem isn't going to work because it hasn't been thought through. It's money going into a $20 trillion+ problem caused by the big banks who are the same people telling the gov't how to spend taxpayer money.
Yeah, because they're also being bailed out. Meanwhile, they're our new masters.
Adept Havelock
02-22-2009, 09:54 AM
There's no need. The corporate media filter will catch him if it continues.
There's always a place for arm-flapping hysterics like Mr. (I wish I knew what Odelay meant, and why they keep yelling it at me) Beck, since the Enquirer, Globe, and Weekly World News are indistinguishable from the majority of cable news.
If Mr. Beck keeps going, he may lap Katie Horner in the "OMGWTFWEREALLGOONNNADIEE!!!!' event in the Media Olympics.
banyon
02-22-2009, 09:55 AM
Who said anything about the wealthy? The groundswell will come from the middle class who have lost their jobs and their pensions due to horrible gov't fiscal policy. Throwing trillion$ at every problem isn't going to work because it hasn't been thought through. It's money going into a $20 trillion+ problem caused by the big banks who are the same people telling the gov't how to spend taxpayer money.
Sounds like they should be protesting the big banks and not Dennis Moore then.
Saul Good
02-22-2009, 09:58 AM
Gun sales are waaaay up!Ding ding ding
VAChief
02-22-2009, 10:01 AM
Gun sales are waaaay up!
Tin foil must be shooting through the roof as well.
Dallas Chief
02-22-2009, 10:12 AM
Ding ding ding
Seriously. Next time you go to Wal-Mart, check the sporting goods section and see how empty the ammo lock up has become. It's rather disturbing to me. Not because of any particular political stance I have about guns, but because there seems to be some smoke to what BEP is saying. :shake:
BucEyedPea
02-22-2009, 10:14 AM
Tin foil must be shooting through the roof as well.
Yeah, and you must be wearin' it. Gun sales are up. It's been on the news and on the radio. It's a fact. People are preparing for more crime during rough times. Not much tin foil in that. You must be projecting.
VAChief
02-22-2009, 10:17 AM
Seriously. Next time you go to Wal-Mart, check the sporting goods section and see how empty the ammo lock up has become. It's rather disturbing to me. Not because of any particular political stance I have about guns, but because there seems to be some smoke to what BEP is saying. :shake:
Maybe they missed out on the y2k sales?
http://www.highbeam.com/doc/1P2-5941687.html
VAChief
02-22-2009, 10:19 AM
Yeah, and you must be wearin' it. Gun sales are up. It's been on the news and on the radio. It's a fact. People are preparing for more crime during rough times. Not much tin foil in that. You must be projecting.
Just an observation, don't get your panties in a bunch. I believe people have the right to personal protection.
BucEyedPea
02-22-2009, 10:30 AM
Just an observation, don't get your panties in a bunch. I believe people have the right to personal protection.
Don't assume realities that aren't. Your statement was just plain stupid.
The words "civil unrest" includes crime, not just public protests.
VAChief
02-22-2009, 10:36 AM
Don't assume realities that aren't. Your statement was just plain stupid.
The words "civil unrest" includes crime, not just public protests.
What reality did I assume?
BucEyedPea
02-22-2009, 10:43 AM
Seriously shat up!
banyon
02-22-2009, 10:49 AM
Seriously shat up!
Why are you trying to censor him? That's totalitarian! Projection much? [/BEP]
VAChief
02-22-2009, 10:53 AM
Seriously shat up!
It was a simple question.
Adept Havelock
02-22-2009, 11:38 AM
Why are you trying to censor him? That's totalitarian! Projection much? [/BEP]
ROFL
Stewie
02-22-2009, 12:14 PM
Sounds like they should be protesting the big banks and not Dennis Moore then.
The banks run fiscal policy. They work hand in hand with the Fed; hell they ARE the Fed. Complain to Dennis Moore, he'll lean on the banks and maybe something will be done.
banyon
02-22-2009, 12:15 PM
The banks run fiscal policy. They work hand in hand with the Fed; hell they ARE the Fed. Complain to Dennis Moore, he'll lean on the banks and maybe something will be done.
I thought you were more along the lines of the banks are setting policy and not the other way around.
Stewie
02-22-2009, 12:29 PM
I thought you were more along the lines of the banks are setting policy and not the other way around.
Banks do set policy. I'm saying that maybe a politician will man up and hold these thieves' hands to the fire. Instead, they cower to their every whim because they are clueless to what's going on. It's politically easy, for now.
Hydrae
02-22-2009, 12:30 PM
I thought you were more along the lines of the banks are setting policy and not the other way around.
Which doesn't mean you protest against the banks, you protest against those who are placed in the position to enact the policy. They should be answering to us, not the banks.
Jenson71
02-22-2009, 12:30 PM
Glen Beck's favorite exercise is running for the hills.
Bowser
02-22-2009, 12:36 PM
I predict civil unrest if Glen Beck's show continues to air.
Stewie
02-22-2009, 12:36 PM
There's no access to the bankers. That's why you complain to your representatives. This is the best you can do regarding the bankers:
http://www.humortimes.com/blog/uploaded_images/Wall-street-jump-709989.jpg
ClevelandBronco
02-22-2009, 12:38 PM
Not to mention he executed hundreds of mostly innocent Sioux Indians.
Apparently you're not sensitive enough, crying boy.
Call them Lakota. Call them the People.
Don't call them Sioux. That was the name that their enemies used.
frazod
02-22-2009, 12:47 PM
There's no access to the bankers. That's why you complain to your representatives. This is the best you can do regarding the bankers:
http://www.humortimes.com/blog/uploaded_images/Wall-street-jump-709989.jpg
LMAO
Somebody should paint targets on the street.
beer bacon
02-22-2009, 01:03 PM
He's on the brink of insanity, but so was einstein. With the number of job losses and the cost of living going up combined with the collapse of Mexico, I can see the perfect storm brewing.
Glenn Beck is our generation's Einstein!!!! Jesus Christ.
beer bacon
02-22-2009, 01:05 PM
I predict civil unrest if Glen Beck's show continues to air.
You try to silence Glenn "Einstein" Beck, and I just might have to put the dozen automatic weapons I have bought since November 4th to good use!
NickAthanFan
02-22-2009, 01:19 PM
I watched this episode, and he was explaining what COULD happen, not what WILL.
By reading the comments here this clip must not have made that clear. And anyone who thinks civil unrest CAN'T happen is dumber than my subscribers.
King_Chief_Fan
02-22-2009, 01:28 PM
If you want the truth about the unrest etc that will be quaking this world, read Matthew 24, Eclesiates (sp) and Revalation.
King_Chief_Fan
02-22-2009, 01:28 PM
I watched this episode, and he was explaining what COULD happen, not what WILL.
By reading the comments here this clip must not have made that clear. And anyone who thinks civil unrest CAN'T happen is dumber than my subscribers.
agree
Stewie
02-22-2009, 01:37 PM
If you want the truth about the unrest etc that will be quaking this world, read Matthew 24, Eclesiates (sp) and Revalation.
Is this the unrest that was supposed to happen in 64 AD? Or the unrest in the 1960s? Or any unrest in the last 5000 years? There has been unrest since the beginning of time. I just want to know, specifically, what unrest Matthew, Ecclesiastes, and Revelations are referencing.
frazod
02-22-2009, 01:37 PM
One part I totally agree with is the "we are not our grandparents" idea. You take away the power and the grocery stores, and most urban/suburban people are just flat out fucked. And there so many more people now than there were in the 30s.
I just try not to think about it too much and hope it shakes out differently.
Stewie
02-22-2009, 01:41 PM
One part I totally agree with is the "we are not our grandparents" idea. You take away the power and the grocery stores, and most urban/suburban people are just flat out ****ed. And there so many more people now than there were in the 30s.
I just try not to think about it too much and hope it shakes out differently.
My cousin farms in NE Kansas and we had this very discussion. He knows farming and is dependent upon selling his crop. There's no way he can eat 1,000 acres of corn, soybeans, etc. It may become a barter system, but farmers are not an island.
frazod
02-22-2009, 01:45 PM
My cousin farms in NE Kansas and we had this very discussion. He knows farming and is dependent upon selling his crop. There's no way he can eat 1,000 acres of corn, soybeans, etc. It may become a barter system, but farmers are not an island.
Well, I know if the shit hits the fan I'm packing up the guns and heading back to Missouri. I live far enough from Chicago that unless I actually get trapped downtown I should be able to make it out.
NickAthanFan
02-22-2009, 01:46 PM
If you want the truth about the unrest etc that will be quaking this world, read Matthew 24, Eclesiates (sp) and Revalation.
There's always unrest somewhere. And the US is never mentioned in the bible.
HonestChieffan
02-22-2009, 01:50 PM
Well, I know if the shit hits the fan I'm packing up the guns and heading back to Missouri. I live far enough from Chicago that unless I actually get trapped downtown I should be able to make it out.
never make it past East St Louis
King_Chief_Fan
02-22-2009, 01:51 PM
Is this the unrest that was supposed to happen in 64 AD? Or the unrest in the 1960s? Or any unrest in the last 5000 years? There has been unrest since the beginning of time. I just want to know, specifically, what unrest Matthew, Ecclesiastes, and Revelations are referencing.
Deceit, falling away from God, how the whole mideast thing is pulling together, the constant war on Isreal etc., and setting this all up for the return of Christ. I am not a dooms day woe is me type of person, but it intersting to see things unfold. Of course I am of the pretribulation belief meaning that those who have faith in Christ may be taken up before the worst of what will hit. No one knows the timing and this could go on for thousand more years.
We have been studying this in Bible study on Sunday's. I have far more to learn before I should speak I guess.,
Stewie
02-22-2009, 01:53 PM
Well, I know if the shit hits the fan I'm packing up the guns and heading back to Missouri. I live far enough from Chicago that unless I actually get trapped downtown I should be able to make it out.
I hope it doesn't get to the point where you have to "get out." That being said, we're industrious people with plenty of resources here in the Midwest. I ain't going down without a fight, for sure... KU fan, MU fan, or not.
frazod
02-22-2009, 01:54 PM
never make it past East St Louis
1. Unlike you, apparently, I wouldn't be stupid enough to go that way.
2. I'm very skilled with a gun and generally dislike people. I think those traits would combine to serve me well if was to suddenly become unrestrained by rule of law.
VAChief
02-22-2009, 02:04 PM
1. Unlike you, apparently, I wouldn't be stupid enough to go that way.
2. I'm very skilled with a gun and generally dislike people. I think those traits would combine to serve me well if was to suddenly become unrestrained by rule of law.
Personally I am considering building a moat to surround my property.
Stewie
02-22-2009, 02:05 PM
Deceit, falling away from God, how the whole mideast thing is pulling together, the constant war on Isreal etc., and setting this all up for the return of Christ. I am not a dooms day woe is me type of person, but it intersting to see things unfold. Of course I am of the pretribulation belief meaning that those who have faith in Christ may be taken up before the worst of what will hit. No one knows the timing and this could go on for thousand more years.
We have been studying this in Bible study on Sunday's. I have far more to learn before I should speak I guess.,
Jesus Christ is hope. I grew up in a Christian home and went to class every Sunday, Sunday night, and Wednesdays. I believe Jesus was (and is) the point where we need to be as individuals. All the other rhetoric turned me off to "religion." You'll be a better person following Jesus' teachings.
frazod
02-22-2009, 02:07 PM
Personally I am considering building a moat to surround my property.
Probably wouldn't be a bad idea.
memyselfI
02-22-2009, 02:16 PM
You guys chuckled when I began asserting that the Republicans were throwing the election so they would not be in office when shit hit the fan...
but I think they knew EXACTLY what they were doing and after DUHbya convinced the DEMS to chew off their leg with the TARP plan they knew their plan hit the jackpot.
King_Chief_Fan
02-22-2009, 02:42 PM
Jesus Christ is hope. I grew up in a Christian home and went to class every Sunday, Sunday night, and Wednesdays. I believe Jesus was (and is) the point where we need to be as individuals. All the other rhetoric turned me off to "religion." You'll be a better person following Jesus' teachings.
yes
BucEyedPea
02-22-2009, 02:51 PM
Personally I am considering building a moat to surround my property.
I have a sailboat. I can still break in. Hope you have lots of good food and a warm hearth.
petegz28
02-22-2009, 04:23 PM
I'm telling you now, rocks are going to start getting thrown through windows if people keep losing their jobs. Here is the scenario..
1. Jobs are being sent overseas
2. Jobs are being taken by illegals
3. The rich are getting bailed out with the tax payer $'s
4. The tax payer is not being bailed out by the rich in return for taking said tax payer $'s
I hate to say it but I think we are walking a fine line at the moment. And if foreign trade and offshoring of jobs continues and the continutaion of the myth that these big banks must be bailed out are going to be the preferred way of doing business we are going to be very close to a revolution.
BucEyedPea
02-22-2009, 04:24 PM
I'm telling you now, rocks are going to start getting thrown through windows if people keep losing their jobs. Here is the scenario..
1. Jobs are being sent overseas
2. Jobs are being taken by illegals
3. The rich are getting bailed out with the tax payer $'s
4. The tax payer is not being bailed out by the rich in return for taking said taz payer $'s
I hate to say it but I think we are walking a fine line at the moment. And if foreign trade and offshoring of jobs continues and the continutaion of the myth that these big banks must be bailed out are going to be the preferred way of doing business we are going to be very close to a revolution.
Who woulda thought our bankers were such socialists. :hmmm:
petegz28
02-22-2009, 04:30 PM
Who woulda thought our bankers were such socialists. :hmmm:
What is funny is at lunch in the car Friday I turned on Rush to hear what he was whining about for the day and get this...he actually accused the Obama Admin of "letting the market crash". He accused them of not giving a damn about the people on Wall St. at all. Yet he is crying that they are bailing out people in bad mortgages and such.
This guy is the epitome of what is wrong with this country.
Saul Good
02-22-2009, 04:44 PM
What is funny is at lunch in the car Friday I turned on Rush to hear what he was whining about for the day and get this...he actually accused the Obama Admin of "letting the market crash". He accused them of not giving a damn about the people on Wall St. at all. Yet he is crying that they are bailing out people in bad mortgages and such.
This guy is the epitome of what is wrong with this country.I think you missed his point entirely and heard what you wanted to hear. Color me shocked.
petegz28
02-22-2009, 04:48 PM
I think you missed his point entirely and heard what you wanted to hear. Color me shocked.
Oh did I? What did I miss?
NickAthanFan
02-22-2009, 05:14 PM
What is funny is at lunch in the car Friday I turned on Rush to hear what he was whining about for the day and get this...he actually accused the Obama Admin of "letting the market crash". He accused them of not giving a damn about the people on Wall St. at all. Yet he is crying that they are bailing out people in bad mortgages and such.
This guy is the epitome of what is wrong with this country.
Let the market crash = millions more people enslaved to the gov't
petegz28
02-22-2009, 05:16 PM
Let the market crash = millions more people enslaved to the gov't
Ok, what should he do? Rush and that ilk gets mad when he comes to the aid of the little man, why is it ok for him to come to the aid of Wall St.?
Here is an idea...companies who make good decisions based on sound business models and not greed save Wall St. without the Fed Gov needing to get involved.
banyon
02-22-2009, 05:22 PM
Let the market crash = millions more people enslaved to the gov't
Well, maybe the worst part of Rush's quote is that 85% of the market drop took place before Obama even took office.
petegz28
02-22-2009, 05:26 PM
Well, maybe the worst part of Rush's quote is that 85% of the market drop took place before Obama even took office.
The Repubs crying about spedning now is hillarious.
BucEyedPea
02-22-2009, 05:27 PM
The Repubs crying about spedning now is hillarious.
Does that mean Hillary? Full of hillary? :D :)
Saul Good
02-22-2009, 05:28 PM
Well, maybe the worst part of Rush's quote is that 85% of the market drop took place before Obama even took office.
What quote?
petegz28
02-22-2009, 05:32 PM
What quote?
That the Obama Admin is letting the market crash.
Simplex3
02-22-2009, 05:33 PM
Personally I am considering building a moat to surround my property.
Your property won't mean jack squat.
Saul Good
02-22-2009, 05:34 PM
That the Obama Admin is letting the market crash.That's a direct quote?
petegz28
02-22-2009, 05:35 PM
Your property won't mean jack squat.
No thanks to Bear Stearns, Countrywide, Wachovia, Merryl Lynch, Goldman Sachs, Bank of America, Wells Fargo, JP Morgan, Citigroup.....need I go on?
petegz28
02-22-2009, 05:36 PM
That's a direct quote?
That is what he said on Friday....said they are letting the market crash and they don't care about the market or Wall St.
Sounds to me like Rush got his statement on his investments.
Simplex3
02-22-2009, 05:37 PM
No thanks to Bear Stearns, Countrywide, Wachovia, Merryl Lynch, Goldman Sachs, Bank of America, Wells Fargo, JP Morgan, Citigroup.....need I go on?
Please. Greed cannot run rampant without stupidity. Americans wanted to believe what those guys were selling. I very specifically didn't say "Americans thought what those guys were selling was right" because Americans didn't think.
petegz28
02-22-2009, 05:40 PM
Please. Greed cannot run rampant without stupidity. Americans wanted to believe what those guys were selling. I very specifically didn't say "Americans thought what those guys were selling was right" because Americans didn't think.
Yes, those companies were stupid in their greed. I will agree with that. And what you don't get is they sold Americans on these things being "right". Or do you tell your doctor how to do his job too? When the experts say it is ok to do this stuff then don't blame the novice for listening to the expert.
Saul Good
02-22-2009, 05:41 PM
That is what he said on Friday....said they are letting the market crash and they don't care about the market or Wall St.
Sounds to me like Rush got his statement on his investments.Again, that's not a direct quote. It sounds to me that his larger point was that if everyone else is getting bailed out, then Wall Street should too. If it's good for the goose, it's good for the gander.
I would imagine that he doesn't think that any of them should be bailed out and that he was just pointing out the hypocrisy of picking and choosing who gets to feed at the trough, but it's hard to say for sure since you evidently don't understand the difference between paraphrasing and quoting.
petegz28
02-22-2009, 05:42 PM
Again, that's not a direct quote. It sounds to me that his larger point was that if everyone else is getting bailed out, then Wall Street should too. If it's good for the goose, it's good for the gander.
I would imagine that he doesn't think that any of them should be bailed out and that he was just pointing out the hypocrisy of picking and choosing who gets to feed at the trough, but it's hard to say for sure since you evidently don't understand the difference between paraphrasing and quoting.
Yes it is a direct quote, "They are letting the market crash.." exact words, Saul, hate to break that to you. You go on imagining and buying his BS and pretending he didn't say what he said. And BTW, since it is obvious you are clueless on what he said....he said it in the aspect of Obama is doing this to pander to the little guy and get them on his tip.
Congrats, you were wrong twice in one post about 1 topic.
SHTSPRAYER
02-22-2009, 05:43 PM
Why are you trying to censor him? That's totalitarian! Projection much? [/BEP]
ROFL
Which one is Neal, and which one is Bob?
BucEyedPea
02-22-2009, 05:43 PM
Copying is the sincerest form of flattery!
Simplex3
02-22-2009, 05:47 PM
Yes, those companies were stupid in their greed. I will agree with that. And what you don't get is they sold Americans on these things being "right". Or do you tell your doctor how to do his job too? When the experts say it is ok to do this stuff then don't blame the novice for listening to the expert.
Every scam artist in history has sold his mark on something being right. If everyone would just accept that every moment of every day is a negotiation and live with the fact that the person you're dealing with is trying to get something from you of greater value that what they're trying to give in return then people wouldn't get screwed nearly as often as they do.
I don't let me doctor touch me without explaining what is going on and verifying that with at least one other source.
Joe Daytrader wasn't getting his advice from Wall Street either. He was getting it from media hacks on CNBC.
petegz28
02-22-2009, 05:49 PM
Every scam artist in history has sold his mark on something being right. If everyone would just accept that every moment of every day is a negotiation and live with the fact that the person you're dealing with is trying to get something from you of greater value that what they're trying to give in return then people wouldn't get screwed nearly as often as they do.
I don't let me doctor touch me without explaining what is going on and verifying that with at least one other source.
Joe Daytrader wasn't getting his advice from Wall Street either. He was getting it from media hacks on CNBC.
Glad to see you admit that a lot of people got scammed for listening to the alleged experts.
Simplex3
02-22-2009, 05:51 PM
Glad to see you admit that a lot of people got scammed for listening to the alleged experts.
Of course they did. They wanted to believe that something that stupid was actually true, so they ignored every internal alarm and moved forward. Now they're screwed and want me to pay for it.
Saul Good
02-22-2009, 05:56 PM
Yes it is a direct quote, "They are letting the market crash.." exact words, Saul, hate to break that to you. You go on imagining and buying his BS and pretending he didn't say what he said. And BTW, since it is obvious you are clueless on what he said....he said it in the aspect of Obama is doing this to pander to the little guy and get them on his tip.
Congrats, you were wrong twice in one post about 1 topic.
That's not an exact quote. I read the transcript.
petegz28
02-22-2009, 06:06 PM
That's not an exact quote. I read the transcript.
Then provide the quote, please.
petegz28
02-22-2009, 06:10 PM
Of course they did. They wanted to believe that something that stupid was actually true, so they ignored every internal alarm and moved forward. Now they're screwed and want me to pay for it.
Once again you show how naive you are. So you are blaming people who were not finance experts for not having alarms going off when the people who are the experts were talking to them?
ROFL
Typical. Don't blame the person that set the trap, blame the person who took the bait cause they didn't know better. They have an excuse, they were dumb on the matter. The people who did the baiting though were not so dumb on the matter and knew they were taking advantage of people for their own financial gain.
Simplex3
02-22-2009, 06:26 PM
Once again you show how naive you are. So you are blaming people who were not finance experts for not having alarms going off when the people who are the experts were talking to them?
ROFL
Typical. Don't blame the person that set the trap, blame the person who took the bait cause they didn't know better. They have an excuse, they were dumb on the matter. The people who did the baiting though were not so dumb on the matter and knew they were taking advantage of people for their own financial gain.
"Trap"?
"Here's a home loan that you can barely afford today and in two years you won't even begin to be able to afford it."
If I placed a bear trap in the middle of an empty parking lot, then put up neon signs saying "Step in this bear trap", and then you stepped in it, who would be to blame for your predicament?
Saul Good
02-22-2009, 06:27 PM
Once again you show how naive you are. So you are blaming people who were not finance experts for not having alarms going off when the people who are the experts were talking to them?
ROFL
Typical. Don't blame the person that set the trap, blame the person who took the bait cause they didn't know better. They have an excuse, they were dumb on the matter. The people who did the baiting though were not so dumb on the matter and knew they were taking advantage of people for their own financial gain.Simplex called them scam artists. It sounds to me like he is blaming both, and he's right to do so. You hear exactly what you want to hear, and then you run with it and chastise people for positions that they never took. It's a little bizarre.
People should be smarter than to put their life's savings into something that they do not understand inside and out. Unfortunately, many aren't.
LOCOChief
02-22-2009, 06:32 PM
Please keep this forum updated on the latest Glenn Beck. Do you have any youtube videos of Beck calling into 7-11s and making fun of their accents?
those shows are my favorite as well.
petegz28
02-22-2009, 06:34 PM
"Trap"?
"Here's a home loan that you can barely afford today and in two years you won't even begin to be able to afford it."
If I placed a bear trap in the middle of an empty parking lot, then put up neon signs saying "Step in this bear trap", and they you stepped in it, who would be to blame for your predicament?
Except that isn't what they were told, and you know that. If this is the best you can do, save it.
petegz28
02-22-2009, 06:35 PM
Simplex called them scam artists. It sounds to me like he is blaming both, and he's right to do so. You hear exactly what you want to hear, and then you run with it and chastise people for positions that they never took. It's a little bizarre.
People should be smarter than to put their life's savings into something that they do not understand inside and out. Unfortunately, many aren't.
They should be, I agree. But that isn't reality. If everyone was so smart we would not have a poor person in the world. Or would we? :hmmm:
Rain Man
02-22-2009, 10:08 PM
"Trap"?
"Here's a home loan that you can barely afford today and in two years you won't even begin to be able to afford it."
If I placed a bear trap in the middle of an empty parking lot, then put up neon signs saying "Step in this bear trap", and they you stepped in it, who would be to blame for your predicament?
Dammit, was that you? You owe me a new pair of boots.
rrl308
02-22-2009, 10:43 PM
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/uJCdafJHKJE&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/uJCdafJHKJE&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
rrl308
02-22-2009, 10:45 PM
<object width="480" height="295"><param name="movie" value="http://www.youtube.com/v/k8fAbJs7QMI&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/k8fAbJs7QMI&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="295"></embed></object>
Reaper16
02-22-2009, 10:45 PM
Glenn Be<object width="425" height="344">
</object>
/stops reading
rrl308
02-23-2009, 12:28 AM
Gun sales are waaaay up!
http://www.msnbc.msn.com/id/29278736/#storyContinued
http://www.stjoenews.net/news/2009/feb/20/gun-sales-take-after-election/
King_Chief_Fan
02-23-2009, 06:27 AM
Once again you show how naive you are. So you are blaming people who were not finance experts for not having alarms going off when the people who are the experts were talking to them?
ROFL
Typical. Don't blame the person that set the trap, blame the person who took the bait cause they didn't know better. They have an excuse, they were dumb on the matter. The people who did the baiting though were not so dumb on the matter and knew they were taking advantage of people for their own financial gain.
Both are to blame.
Greed is the main culprit. People out searching for something they cannot afford and someone willing to give them a loan for it.
penchief
02-23-2009, 07:39 AM
The only reason Glenn Beck even has a show is because the corporate media has been willing to subsidize him. It only takes about five minutes to recongnize that he's not very bright. IMO, he's nothing more than a sensationalist and a rabble-rouser.
Hog Farmer
02-23-2009, 08:41 AM
Glenn Beck is our generation's Einstein!!!! Jesus Christ.
ROFL I didn't mean it like that , you dipshit!
Simplex3
02-23-2009, 09:02 AM
Except that isn't what they were told, and you know that. If this is the best you can do, save it.
They were handed the document that outlined what their payments would be. They (should) know what they earn. It only takes rudimentary math to see that the two can't work out.
These people were were blinded by greed. They thought they could get one over on the man and get away with buying some shit they couldn't afford. It backfired. Those are the consequences to taking those risks.
petegz28
02-23-2009, 09:36 AM
They were handed the document that outlined what their payments would be. They (should) know what they earn. It only takes rudimentary math to see that the two can't work out.
These people were were blinded by greed. They thought they could get one over on the man and get away with buying some shit they couldn't afford. It backfired. Those are the consequences to taking those risks.
Again, you must over-simplify the argument to make your worthless point. So now, obviously, you are giving the banks a free pass cause they were obviously suckered by the greedy consumer. :rolleyes:
King_Chief_Fan
02-23-2009, 09:48 AM
Again, you must over-simplify the argument to make your worthless point. So now, obviously, you are giving the banks a free pass cause they were obviously suckered by the greedy consumer. :rolleyes:
you seem so set on making it the lenders fault. Did you get hood winked and this is your defense?
petegz28
02-23-2009, 10:07 AM
you seem so set on making it the lenders fault. Did you get hood winked and this is your defense?
Uh yea, the majority of it IS the lender's fault. The lender was the expert. The lender knew what they were walking into by offering a loan to people who they knew were high risk. The lender approved the loan to said greedy consumer. So the lender shoudlers the majority of the blame.
And no, I am just fine in my mortgage, thank you.
Simplex3
02-23-2009, 10:47 AM
Again, you must over-simplify the argument to make your worthless point. So now, obviously, you are giving the banks a free pass cause they were obviously suckered by the greedy consumer. :rolleyes:
The bank knew what they were doing. So did the consumer. So did the government. The only people that got duped were those of us that weren't involved.
Simplex3
02-23-2009, 10:49 AM
Uh yea, the majority of it IS the lender's fault. The lender was the expert. The lender knew what they were walking into by offering a loan to people who they knew were high risk. The lender approved the loan to said greedy consumer. So the lender shoudlers the majority of the blame.
And no, I am just fine in my mortgage, thank you.
They were supplying a product that the consumer desperately wanted. The consumer was asking THEM for that money. Nobody went door to door saying "Hey, take this loan. I promise it'll work out for you." The consumer was convinced before they walked into that bank that they would be able to flip the house over and come out ahead. They were stupid and wrong.
ClevelandBronco
02-23-2009, 10:55 AM
Glenn Beck is basically the same kind of fraud as were the 2008 Denver Broncos.
petegz28
02-23-2009, 11:22 AM
The bank knew what they were doing. So did the consumer. So did the government. The only people that got duped were those of us that weren't involved.
You are 1/2 right. I would agree that SOME of the consumers knew what they were doing.
petegz28
02-23-2009, 11:23 AM
They were supplying a product that the consumer desperately wanted. The consumer was asking THEM for that money. Nobody went door to door saying "Hey, take this loan. I promise it'll work out for you." The consumer was convinced before they walked into that bank that they would be able to flip the house over and come out ahead. They were stupid and wrong.
Righhhtt...they were just doing what the customer wanted....even though they knew it was a bad deal. Sure.....ROFL
You're an idiot if you think the banks were manipulated by the ill-informed consumer. Who was stupid and wrong were the bankis that made loans that they knew were high-risk.
Keep giving the lenders a free pass though there, Poncho. And actually yes, people were going door-door basically saying "this loan will work out for you". You are obviously clueless.
oldandslow
02-23-2009, 12:24 PM
Apparently you're not sensitive enough, crying boy.
Call them Lakota. Call them the People.
Don't call them Sioux. That was the name that their enemies used.
Lincoln didn't hang Lakota either...He hung Santee, part of the Dakota branch. There are three...Lakota (western), Nakota (central), Dakota (Eastern) branches of this tree.
Sadly, this entire episode was over killing a sick cow, by Santee who were hungry when not given the rations promised them if they stayed on the Rez.
A battle ensued (the Santee uprising), 300 were eventually arrested, 38 were hung in Mankato MN. The others were sent to a concentration camp near St. Louis for several years. Those who survived were sent back to Crow Creek reservation in central South Dakota.
Souix does mean snake...a name given to all Lakota, Nakota, Dakota, by the Ojibwa, who were their natural enemies. It comes from the word Natowessiw. It is considered pejorative by many of the People.
Simplex3
02-23-2009, 12:31 PM
Righhhtt...they were just doing what the customer wanted....even though they knew it was a bad deal. Sure.....ROFL
You're an idiot if you think the banks were manipulated by the ill-informed consumer. Who was stupid and wrong were the bankis that made loans that they knew were high-risk.
Keep giving the lenders a free pass though there, Poncho. And actually yes, people were going door-door basically saying "this loan will work out for you". You are obviously clueless.
This is your last chance to actually read the post.
Never did I say the bank didn't know what they were getting into. In fact I said the exact opposite of that. The bank, the consumer, and the government all went into this shit with their eyes wide open. They all knew full well what the hell was happening.
petegz28
02-23-2009, 12:34 PM
This is your last chance to actually read the post.
Never did I say the bank didn't know what they were getting into. In fact I said the exact opposite of that. The bank, the consumer, and the government all went into this shit with their eyes wide open. They all knew full well what the hell was happening.
Except a lot of the consumers didn't have their eyes wide open. That is a gross assumption on your part. And I am not talking about people who did interest only or 0-down loans.
Simplex3
02-23-2009, 12:35 PM
Except a lot of the consumers didn't have their eyes wide open. That is a gross assumption on your part. And I am not talking about people who did interest only or 0-down loans.
They asked for the loan and they got the loan. Nobody said "take this loan or else."
Be careful what you ask for, you just might get it.
petegz28
02-23-2009, 12:38 PM
They asked for the loan and they got the loan. Nobody said "take this loan or else."
Be careful what you ask for, you just might get it.
That is so idiotic. Big fucking deal, they asked for a loan. Who gave it to them? No one said "make this loan or else", regardless of what Rush Limbaugh says.
Did your Dad give you everything you wanted just because you asked for it?
Just STFU
Simplex3
02-23-2009, 01:08 PM
That is so idiotic. Big ****ing deal, they asked for a loan. Who gave it to them? No one said "make this loan or else", regardless of what Rush Limbaugh says.
Did your Dad give you everything you wanted just because you asked for it?
Just STFU
So the bank is your dad? Or is it the government that is your dad? Which of them is supposed to be taking care of you and when? I'm going to need the rules of nanny state living outlined for me.
petegz28
02-23-2009, 01:15 PM
So the bank is your dad? Or is it the government that is your dad? Which of them is supposed to be taking care of you and when? I'm going to need the rules of nanny state living outlined for me.
Once again you have to twist what I say to spout off your bullshit.
Simplex3
02-23-2009, 01:23 PM
Once again you have to twist what I say to spout off your bullshit.
I didn't twist it, your analogy was either stupid or incredibly revealing. The fact is the bank isn't your dad, nor should they be. It isn't their problem to raise you or protect you.
Calcountry
02-23-2009, 01:30 PM
I think Beck is teetering on insanity. Honestly. He's not all ****ing there.
But I agree. There are a number of problems we're facing that have been ignored for years and it's all going to fall on Obama's lap.
I'm glad he idolizes Lincoln, I think we're going to need one...Which is why I wish he was more substantive.
Calcountry
02-23-2009, 01:32 PM
He's on the brink of insanity, but so was einstein. With the number of job losses and the cost of living going up combined with the collapse of Mexico, I can see the perfect storm brewing.How is the price of bellies doing?
Corn is down too man, things should be looking up for the Hog farmer. Pork is cheaper relative to beef as well, this should firm up demand as a cheaper source of protein going forward.
petegz28
02-23-2009, 01:32 PM
I didn't twist it, your analogy was either stupid or incredibly revealing. The fact is the bank isn't your dad, nor should they be. It isn't their problem to raise you or protect you.
No it was accurate. As I said, just because someone asked for a loan doesn't mean they get it. Someone had to give it to them. Now, blame the Fed Gov as you usually do.
Yes there is a thing called predatory lending you fool. And the banks\lenders enganged in it. They made the ultimate decision to make the loans, not the other way around as you try to sell it. Sorry, but that is the fact. the lenders APPROVED the loans. Got it? Does that sink in?
Simplex3
02-23-2009, 01:34 PM
No it was accurate. As I said, just because someone asked for a loan doesn't mean they get it. Someone had to give it to them. Now, blame the Fed Gov as you usually do.
Yes there is a thing called predatory lending you fool. And the banks\lenders enganged in it. They made the ultimate decision to make the loans, not the other way around as you try to sell it. Sorry, but that is the fact. the lenders APPROVED the loans. Got it? Does that sink in?
Jesus you're dense.
Posted by me, less than an hour ago, in this thread:
This is your last chance to actually read the post.
Never did I say the bank didn't know what they were getting into. In fact I said the exact opposite of that. The bank, the consumer, and the government all went into this shit with their eyes wide open. They all knew full well what the hell was happening.
Read sentence #1 carefully. We're through.
Calcountry
02-23-2009, 01:35 PM
The wealthy don't protest in mass numbers or create "civil unrest", they have too much to lose. They will complain in the media though like that Santelli guy who thinks a room full of stockbrockers constitutes a demographic and socioeconomic cross section of America.
And the people getting bailed out of course, don't have a reason to protest. If Glenn Beck keps it up, he may get kicked off of Fox too and wind up being Alex Jones's sub on the radio so he can incorrectly predict doom and gloom for 20 years without any accountability for what he says.Tell that to all the out of work stockbrokers, who have been laid of in mass since the shit hit the fan. MOF, it is what is causing the deficits in New York, they don't have them rich dudes to tax anymore. Ooops, maybe some of those previously rich stock brokers will walk away from their mortgages too.
This, us vs them thing, has got to stop. Just who the fug does Chairman Obama wish to tax to fund his socialist experiments? The rich? Who does he expect to create all the jobs he promised? That's right, HE is going to create them, and the correlating dependency to do his bidding as a string attached.
petegz28
02-23-2009, 01:37 PM
Jesus you're dense.
Posted by me, less than an hour ago, in this thread:
Read sentence #1 carefully. We're through.
Yes, I got your token blame sentence. Meanwhile the other 99% of your posts blame the gov or consumer. And as I stated in my reply to your post, you are making a gross assumption about the consumer.
petegz28
02-23-2009, 01:39 PM
Tell that to all the out of work stockbrokers, who have been laid of in mass since the shit hit the fan. MOF, it is what is causing the deficits in New York, they don't have them rich dudes to tax anymore. Ooops, maybe some of those previously rich stock brokers will walk away from their mortgages too.
This, us vs them thing, has got to stop. Just who the fug does Chairman Obama wish to tax to fund his socialist experiments? The rich? Who does he expect to create all the jobs he promised? That's right, HE is going to create them, and the correlating dependency to do his bidding as a string attached.
Um, the Us vs. Them started when Wall St. started asking for tax payer $'s. Sorry, but if the private sector policed itself a little better there would be no need for the Fed Gov to get involved.
As I said earlier, the rich were bailed out by the tax payer but they refuse to bail out the tax payer in return.
Calcountry
02-23-2009, 01:47 PM
Um, the Us vs. Them started when Wall St. started asking for tax payer $'s. Sorry, but if the private sector policed itself a little better there would be no need for the Fed Gov to get involved.
As I said earlier, the rich were bailed out by the tax payer but they refuse to bail out the tax payer in return.I was never for TARP one, two, three. Neither was I for this rediculous pork barrel project disguised as a "stimulus package".
Neither was I for the rediculous raising of taxes in California. These FOOLS in our goverment, believe that a 1% raise in the sales tax, and a doubling of the auto liscensing fee, will somehow HELP them balance the budget.
I wonder how many more cars are going to be sold as a result of this? I wonder how many jobs are going to be created by this? The only thing that will happen, is more deficits later on, that will once again be addressed by higher taxes and fees rather than a CUT IN SPENDING!!!11111
petegz28
02-23-2009, 01:50 PM
I was never for TARP one, two, three. Neither was I for this rediculous pork barrel project disguised as a "stimulus package".
Neither was I for the rediculous raising of taxes in California. These FOOLS in our goverment, believe that a 1% raise in the sales tax, and a doubling of the auto liscensing fee, will somehow HELP them balance the budget.
I wonder how many more cars are going to be sold as a result of this? I wonder how many jobs are going to be created by this? The only thing that will happen, is more deficits later on, that will once again be addressed by higher taxes and fees rather than a CUT IN SPENDING!!!11111
I agree. But if people had jobs the other things wouldn't be quite so hard to deal with. In the case of CA though, you can thank the likes of Boxer and Pelosi and Feinstein.
PRIEST
02-23-2009, 02:05 PM
The only reason Glenn Beck even has a show is because the corporate media has been willing to subsidize him. It only takes about five minutes to recongnize that he's not very bright. IMO, he's nothing more than a sensationalist and a rabble-rouser.
This
Nightwish
02-23-2009, 02:35 PM
He's on the brink of insanity, but so was einstein. With the number of job losses and the cost of living going up combined with the collapse of Mexico, I can see the perfect storm brewing.
And hundreds of thousands of Palestinians getting $200 "free rides,"
dogs and cats living together,
giant twinkies ...
IT'S MASS HYSTERIA!!!
googlegoogle
02-24-2009, 02:45 AM
Glen Beck sounds like an idiot.
This isn't the great depression.
Glen has lost it.
googlegoogle
02-24-2009, 02:48 AM
The only reason Glenn Beck even has a show is because the corporate media has been willing to subsidize him. It only takes about five minutes to recongnize that he's not very bright. IMO, he's nothing more than a sensationalist and a rabble-rouser.
have to agree. he sometimes has good points.
cookster50
02-24-2009, 05:37 AM
There's always unrest somewhere. And the US is never mentioned in the bible.
On the contrary.
BucEyedPea
02-24-2009, 07:00 AM
Sorry, but if the private sector policed itself a little better there would be no need for the Fed Gov to get involved.
You don't understand cause and effect then....or what moral hazard is. If the govt never got involved in these industries, besides regulation of fraud ( which they had the power to do) then these industries would have had to act in their best interests which would be not giving out risky loans whereby they'd lose their businesses. That's greed too. But it works if no govt protection for such things. Knowing that the govt will bail them out encourages all the wrong behavior. And regulatory groups like the SEC were corrupt. What do we do when the regulators are corrupt too? Not much. Govt involvement in the banking sector leads to such things because it's govt that effs things up in a way that will affect a wider swath of people whereas the bad banks wouldn't survive.
petegz28
02-24-2009, 07:03 AM
You don't understand cause and effect then....or what moral hazard is. If the govt never got involved in these industries, besides regulation of fraud ( which they had the power to do) then these industries would have had to act in their best interests which would be not giving out risky loans whereby they'd lose their businesses. Knowing that the govt will bail them out encourages all the wrong behavior. And regulatory groups like the SEC were corrupt. What do we do when the regulators are corrupt too? Not much. Govt involvement in the banking sector leads to such things because it's govt that effs things up in a way that will affect a wider swath of people whereas the bad banks wouldn't survive.
You still don't get it. It was not the fact that risky loans were made. It was the fact tht they were bundled, securitised and sold. Spare me the talking points of banks were forced to make risky loans. No one made them make 0-down or interest only type loans. That is just bullshit.
And as I said, the Fed Gov would not of got involved if the private sector took care of themselves better and didn't run to the gov for help. You want to say "they knew the gov would bail them out". And that just proves my point that they made their own bed by banking on that.
Simplex3
02-24-2009, 07:06 AM
Yeah BEP, those bad loans would have been bundled and resold over and over even if they hadn't been made in the first place.
petegz28
02-24-2009, 07:07 AM
Yeah BEP, those bad loans would have been bundled and resold over and over even if they hadn't been made in the first place.
No one forced them to make them.
BucEyedPea
02-24-2009, 07:20 AM
Yeah BEP, those bad loans would have been bundled and resold over and over even if they hadn't been made in the first place.
Huh? I doubt they would have been made. Were they made before? Hardly.
And you can blame fractional reserve banking too.
petegz28
02-24-2009, 07:25 AM
Huh? I doubt they would have been made. Were they made before? Hardly.
And you can blame fractional reserve banking too.
BEP you are proiving my point, whether you mean too or not. The banks made bad decisions cause they knew the gov would bail them out. You just said that. And that proves my point that they invited the gov into the mix by making the bad decisions anyway. What about that do you not get?
If they had made good decisions they never would of needed to run to the gov, now would they?
BucEyedPea
02-24-2009, 07:33 AM
BEP you are proiving my point, whether you mean too or not. The banks made bad decisions cause they knew the gov would bail them out. You just said that. And that proves my point that they invited the gov into the mix by making the bad decisions anyway. What about that do you not get?
If they had made good decisions they never would of needed to run to the gov, now would they?
Did they invite the govt in per se....or did the politicians want to get involved for social justice reasons like everyone deserves a home whether they can afford one or not? Or even earlier like making the banking industry a cartel, because, well, the the politicians couldn't be trusted and we needed a new system.
I was disagreeing with your idea that they needed to police themselves better within a system rife with moral hazard.
petegz28
02-24-2009, 07:43 AM
Did they invite the govt in per se....or did the politicians want to get involved for social justice reasons like everyone deserves a home whether they can afford one or not? Or even earlier like making the banking industry a cartel, because, well, the the politicians couldn't be trusted and we needed a new system.
I was disagreeing with your idea that they needed to police themselves better within a system rife with moral hazard.
Ok, it's all the gov's fault. :shake: And they do need to police themselves or we end up where we are. DUH!
Garcia Bronco
02-24-2009, 08:28 AM
<EMBED src=http://www.youtube.com/v/PkRkTFRKWVE&hl=en&fs=1 width=425 height=344 type=application/x-shockwave-flash allowfullscreen="true" allowscriptaccess="always"></EMBED>
If you stop and think about it, this is not far from reality. With millions of people losing their jobs and homes, it's not hard to picture people getting upset with what is going on in this Country. People are also going to be upset with having to bail out others. I hope it doesn't happen, but I won't be surprised if it does.
Get this guy off the air.
Simplex3
02-24-2009, 09:14 AM
Huh? I doubt they would have been made. Were they made before? Hardly.
And you can blame fractional reserve banking too.
Uh. That was a joke. :)
stevieray
02-24-2009, 09:15 AM
Get this guy off the air.
He's not going anywhere, after one month he's number three in cable news, and #1 in his time slot.
StcChief
02-24-2009, 09:25 AM
It didn't take Glenn Beck to figure out, eventually it will all come home to USA.
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