02-23-2009, 11:22
|
#1
|
|
Quiet Professional
Join Date: Aug 2004
Location: NorCal
Posts: 15,370
|
25 People To Blame For The Financial Crisis
__________________
“Sometimes the Bible in the hand of one man is worse than a whisky bottle in the hand of (another)… There are just some kind of men who – who’re so busy worrying about the next world they’ve never learned to live in this one, and you can look down the street and see the results.” - To Kill A Mockingbird (Atticus Finch)
“Almost any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.” - Robert Heinlein
|
|
Richard is offline
|
|
|
02-23-2009, 11:40
|
#2
|
|
Guerrilla
Join Date: Jan 2004
Location: Where the heart is
Posts: 257
|
LOL I so love that picture of Angelo Mozlio... it is very fitting.
__________________
Moglie del Soldato
|
|
HQ6 is offline
|
|
|
02-23-2009, 11:54
|
#3
|
|
Guerrilla Chief
Join Date: Oct 2006
Location: Ohio
Posts: 590
|
Give 'em all Orange Jumpsuits........
They are all to blame
The list should also include every greedy CEO out there as well....
__________________
LOYALTY - HONOR - INTEGRITY
Understand the problem; pull your weight. Appreciate. Be completely honest and trustworthy in all things. - Jeff Cooper
Practice honesty and integrity; rescue the man who has been wronged from the hands of his oppressor; do not exploit the stranger, the orphan, the widow; do no violence; shed no innocent blood in this place. Jer 22:3
“The only thing necessary for the triumph of evil is for good men to do nothing.” ~ Edmund Burke
|
|
Rogue is offline
|
|
|
02-23-2009, 11:55
|
#4
|
|
Quiet Professional
Join Date: Apr 2008
Location: 18 yrs upstate NY, 30 yrs South Florida, 20 yrs Conch Republic, now chasing G-Kids in NOVA & UK
Posts: 11,901
|
I think they need one more name on the list:
Barney Frank,, He put his live-in boy-toy Franklin Raines in charge of Fannie Mae and the two of them, with WIlliam Jefferson's help pushed the sub-prime to the top of the must-do list..
Here is the tally page, if you don't want to read all the details..
http://www.time.com/time/specials/pa...878508,00.html
Barny Frank is the one that faught John Mc Cain tooth-n-nail to make sure no one did an audit of the Fannies Mae&Mac sub-prime loans..
My $00.0002
__________________
Go raibh tú leathuair ar Neamh sula mbeadh a fhios ag an diabhal go bhfuil tú marbh
"May you be a half hour in heaven before the devil knows you’re dead"
|
|
JJ_BPK is offline
|
|
|
02-23-2009, 12:04
|
#5
|
|
Area Commander
Join Date: Nov 2004
Location: Lone Star
Posts: 2,153
|
I thought it's rather fair and balanced. The American consumer is also on the list: "In the third quarter of 2008, Americans began saving more and spending less. Hurrah! That only took 40 years to happen." Touche!
My perspective and understanding may be rather limited or skewed....so what is your take, nmap? 
In the link about top 10 meltdowns, the following is spot on:
"After 30 years of incompetence, the American auto companies and their obstreperous union finally closed the quality gap with foreign competitors and narrowed the manufacturing cost differential to within inches. Nice try. The credit market freeze ensured that average Joes who love Fords and Chevys couldn't possibly get the loans they need to buy them. So sales were off more than 30% in October and November, pushing GM and Chrysler close to insolvency. When the auto bosses pleaded their case to Congress for $34 billion in loans to tide them over, they got treated as if they manufacture smallpox."
Then, there's this:
$200 burger?!?!? 
http://www.time.com/time/photogaller...739915,00.html
__________________
"we also rejoice in our sufferings, because we know that suffering produces perseverance; perseverance, character; and character, hope" Rom. 5:3-4
"So we can suffer, and in suffering we know who we are" David Goggins
"Aide-toi, Dieu t'aidera " Jehanne, la Pucelle
Der, der Geld verliert, verliert einiges;
Der, der einen Freund verliert, verliert viel mehr;
Der, der das Vertrauen verliert, verliert alles.
INDNJC
|
|
frostfire is offline
|
|
|
02-23-2009, 14:09
|
#6
|
|
SF Candidate
Join Date: Dec 2006
Location: SC
Posts: 811
|
Quote:
Originally Posted by JJ_BPK
I think they need one more name on the list:
Barney Frank,, He put his live-in boy-toy Franklin Raines in charge of Fannie Mae and the two of them, with WIlliam Jefferson's help pushed the sub-prime to the top of the must-do list..
Here is the tally page, if you don't want to read all the details..
http://www.time.com/time/specials/pa...878508,00.html
Barny Frank is the one that faught John Mc Cain tooth-n-nail to make sure no one did an audit of the Fannies Mae&Mac sub-prime loans..
My $00.0002 |
Thanks for the tally page, I went all the way through it just waiting for Barney Frank, what a disappointment that was, he definitely should hold more blame than the guy who came up with mortgage backed securities in the 70's. Fundamentally I don't think MBS are a bad thing, they're only risky when idiots are lending unemployed morons 300K to buy a house!
|
|
Defender968 is offline
|
|
|
02-24-2009, 19:35
|
#7
|
|
Auxiliary
Join Date: Dec 2006
Location: MO
Posts: 88
|
"The American Consumer" is ranked 16th on the list by the public who voted.
There is no more (or very little) self responsibility or self discipline in this society. All of these people played a role & are responsible, but at the end of the day, we are all personally responsible for our own actions, including financial decisions. It's tough to look in the mirror.
|
|
ZooKeeper is offline
|
|
|
02-25-2009, 13:01
|
#8
|
|
Consigliere
Join Date: Jan 2004
Location: Free Pineland (at last)
Posts: 8,838
|
I am really tired of all of this blaming and whining.
|
|
Roguish Lawyer is offline
|
|
|
02-25-2009, 13:09
|
#9
|
|
Quiet Professional
Join Date: Jan 2004
Location: Free Pineland
Posts: 24,820
|
I pay my bills, and I take care of my family. I live within my means, and expect no help.
F#$% the rest of them, and their enablers, to include Congress and the media.
It isn't my fault, or my responsibility.
Cowboy up and live with the consequences. Maybe we need to bring back Debtor's Prisons for people who do not understand fiscal responsibility.
TR
__________________
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." - President Theodore Roosevelt, 1910
De Oppresso Liber 01/20/2025
|
|
The Reaper is offline
|
|
|
02-25-2009, 13:22
|
#10
|
|
Asset
Join Date: Feb 2009
Location: NC
Posts: 21
|
Blame President Clinton, Yourself, and the local banker.
Leave all of us conscious people alone.
|
|
JForms is offline
|
|
|
02-25-2009, 13:38
|
#11
|
|
Area Commander
Join Date: Feb 2004
Location: OK. Thanking Our Brave Soldiers
Posts: 3,614
|
Quote:
Originally Posted by JForms
Blame President Clinton, Yourself, and the local banker.
Leave all of us conscious people alone.
|
Um, No. 
Holly
|
|
echoes is offline
|
|
|
02-25-2009, 13:49
|
#12
|
|
Asset
Join Date: Feb 2009
Location: NC
Posts: 21
|
Quote:
Originally Posted by echoes
Um, No.
Holly |
Fannie Mae was pushed by the Clinton administration to give out mortgages to low income families who could not afford them, the deregulation and lack of control caused our current situation. Congress also allowed Fannie Mae and Freddie Mac to spend more money on mortgages than allowed. I mean they even repealed the Glass-Staegall Act in 1999. Come on.
|
|
JForms is offline
|
|
|
02-25-2009, 13:50
|
#13
|
|
Guerrilla
Join Date: Jan 2004
Location: Where the heart is
Posts: 257
|
Quote:
Originally Posted by The Reaper
I pay my bills, and I take care of my family. I live within my means, and expect no help.
F#$% the rest of them, and their enablers, to include Congress and the media.
It isn't my fault, or my responsibility.
Cowboy up and live with the consequences. Maybe we need to bring back Debtor's Prisons for people who do not understand fiscal responsibility.
TR
|
Unfortunately I think most of are gonna have to live with the consequences of the irresponsibility of others. I do like the idea of debtor's prison. Have them pave the roads and dig the ditches at a set hourly wage until their debt is paid in full.
__________________
Moglie del Soldato
|
|
HQ6 is offline
|
|
|
02-25-2009, 13:57
|
#14
|
|
Area Commander
Join Date: Feb 2004
Location: OK. Thanking Our Brave Soldiers
Posts: 3,614
|
Quote:
Originally Posted by JForms
Fannie Mae was pushed by the Clinton administration to give out mortgages to low income families who could not afford them, the deregulation and lack of control caused our current situation. Congress also allowed Fannie Mae and Freddie Mac to spend more money on mortgages than allowed. I mean they even repealed the Glass-Staegall Act in 1999. Come on.
|
Quote:
Originally Posted by JForms
Blame...Yourself, and the local banker.
Leave all of us conscious people alone.
|
No, you said this.
Am feeling that the TS definition of Troll is applicable in this situation. And, since this is a site owned and operated by QP's, they will see to Your education, as I am just a guest.
Good luck!
Holly
Last edited by echoes; 02-25-2009 at 14:00.
|
|
echoes is offline
|
|
|
02-25-2009, 14:03
|
#15
|
|
Asset
Join Date: Feb 2009
Location: NC
Posts: 21
|
Quote:
Originally Posted by echoes
No, you said this.
Am feeling that the TS definition of Troll is applicable in this situation. And, since this is a site owned and operated by QP's, they will see to Your education, as I am just a guest.
Good luck!
Holly |
I am also a guest. And you are avoiding my reply?
No disrespect to anyone, just trying to have an active debate.
-J
|
|
JForms is offline
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -6. The time now is 17:34.
|
|
|
Linear Mode
