Game Over

Discussion in 'Politics' started by WatertheTree, Jan 9, 2012.

  1. WatertheTree
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    WatertheTree Senior Member

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    Bottom Line - As home prices fall, more borrowers walk away

    Here comes the correction Ron Paul has been talking about for the last 20 years. The game is over. The path we are on cannot be sustained. All gains in walstreet recently is inflation taking hold from the trillions of dollars printed. People cant afford to live in the states anymore.

    This next election cycle is going to bring huge changes with it in our standards of living, and stability as a nation. We can either choose strong leadership that understands the problems with the economy and we can move to control the correction, or we can continue on the same path of more debt and wait untill it collapses in an uncontrollable slide that history shows will more then likely end in dictatorship.

    Freedom or fascism. You decide.
     
  2. dblack
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    dblack Gold Member

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    Hmmm decisions decisions...

    Are the fascists offering cake?
     
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  3. Douger
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    Douger BANNED

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  4. occupied
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    occupied Gold Member

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    An investment industry free to inflate bubble after bubble is a tyranny that you would call freedom, a people with faith in our investments by strict fraud oversight is a freedom you call tyranny. You have it backwards, these corporate persons must be held accountable for their deliberate ruination of the mortgage industry or we will never again have the confidence to risk our hard earned money with those thieves.
     
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  5. dblack
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    dblack Gold Member

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    What are you saying is 'backwards', exactly? I don't think any libertarians defend the freedom to defraud.
     
  6. WatertheTree
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    WatertheTree Senior Member

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    I agree. No more compromise. The rule of law and the constitution will be restored. Accountability is what the people demand, and it is what they are going to get.
     
  7. occupied
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    occupied Gold Member

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    You are saying libertarians are going to regulate the banking industry and prosecute fraud? doesn't that run counter to their often quoted philosophy of hands off private business?
     
  8. boilermaker55
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    boilermaker55 VIP Member

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    Absolutely correct. They want and desire less regulation. Less regulation = more corruption. They, however, have not understood that in any manner.
    :eusa_pray:
     
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  9. dblack
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    dblack Gold Member

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    Well, 'regulate' is a loaded term - but libertarians are adamantly in favor of prosecuting fraud.

    The thing is, the larger portion of the problem isn't fraud. It's the moral hazard created by the assumption that the regulatory state has 'got you covered'. Add to that, government policies that actively encourage debt and its easy to see how so many people got in over their heads.

    The banksters that indulged in risky loans (whether they were goaded by government policy or not) should be held accountable for their idiocy. And the best way to do that is to let them fail. Unfortunately, the corporate collusion of both Bush and Obama prevented that from happening, instead pushing off the banks losses on the rest of us.
     
    Last edited: Jan 9, 2012
  10. occupied
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    occupied Gold Member

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    The point of regulation is to provide a legal framework under which fraud can be prosecuted in the first place. Our regulatory framework is spread over a half dozen agencies with differing jurisdictions. They are undermanned and outgunned, on purpose. The charge that we have too much regulation is silly when you look at just how much of a paper tiger our government is to fight these people at their own fixed game.
     

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