More Americans opting out of banking system

[The Rabbi]

BTW - we were already in the housing bubble when Obama took his seat as a U.S. Senator. That you would discredit him for not single handedly going back in time and stopping all of the myriad of events that led to the bubble is indicative of something.

Yeah, reality. He had the opportunity to rein in Fannie/Freddie and he blew it, toeing the party line instead. Would he have been able to make a difference? I don't know. But at least he'd be on record as being on the right side rather the Left side.

Obama was the deciding vote? On what bill? The "This Bill Magically Fixes Everything" bill ? Fannie/Freddie singlehandedly forced investment bankers to buy crap? That's an interesting theory. Please keep going.

OK, I was wrong. He could have done much more and didnt.
Obama Voted 'Present' on Mortgage Reform - WSJ.com

 

[OohPooPahDoo]

Yeah, reality. He had the opportunity to rein in Fannie/Freddie and he blew it, toeing the party line instead. Would he have been able to make a difference? I don't know. But at least he'd be on record as being on the right side rather the Left side.

Obama was the deciding vote? Fannie/Freddie singlehandedly forced investment bankers to buy crap? That's an interesting theory. Please keep going.

Ooh, look who forgot how to read.

On the "This Bill Fixes Everything" bill, right?

 

[OohPooPahDoo]

Yeah, reality. He had the opportunity to rein in Fannie/Freddie and he blew it, toeing the party line instead. Would he have been able to make a difference? I don't know. But at least he'd be on record as being on the right side rather the Left side.

Obama was the deciding vote? On what bill? The "This Bill Magically Fixes Everything" bill ? Fannie/Freddie singlehandedly forced investment bankers to buy crap? That's an interesting theory. Please keep going.

OK, I was wrong. He could have done much more and didnt.
Obama Voted 'Present' on Mortgage Reform - WSJ.com

Ahh! OK. I get it.

When Obama supports government regulation - he's evil
Whem Obama opposes government regulation - he's evil.


Got it!

 

[The Rabbi]

Obama was the deciding vote? Fannie/Freddie singlehandedly forced investment bankers to buy crap? That's an interesting theory. Please keep going.

Ooh, look who forgot how to read.

On the "This Bill Fixes Everything" bill, right?

Obama Voted 'Present' on Mortgage Reform - WSJ.com

Moving the goalposts I see. No one claimed Sen. Obama could have fixed everything singlehandedly. But if the claim is that the unregulated mortgage market caused the melt down then he could have done something rather than nothing at the time. He didnt.

 

[The Rabbi]

Ahh! OK. I get it.

Wrongest post of the day.

 

[OohPooPahDoo]

Ooh, look who forgot how to read.

On the "This Bill Fixes Everything" bill, right?

Obama Voted 'Present' on Mortgage Reform - WSJ.com

Moving the goalposts I see. No one claimed Sen. Obama could have fixed everything singlehandedly. But if the claim is that the unregulated mortgage market caused the melt down then he could have done something rather than nothing at the time. He didnt.

Which Senate bill are you talking about in particular? Can you name it?

 

[auditor0007]

With a banking system in which your bank could be taken over by the government at any moment, who in the world would trust this system.

LOL, I guess you should stop using American dollars then because they are backed by that same government. Shit like this just cracks me up. The sky is falling, the sky is falling.

If it ever does fall, then we're all fucked and it won't matter. Until then, I'll keep my money in the bank.

 

[Caroljo]

More Americans opting out of banking system - The Washington Post

Yep. I have my check direct deposited and the day it is I go and take all the cash out of the bank...I don't have a debit card or checks. If I ain't got cash that means I ain't got it.

There may be some that are opting out...but i think many just don't have the money to put in the bank. Especially if they're without a job. And if you don't keep a certain amount in the bank then they charge you a fee each month! Many people can't afford to have the bank take any of their money! I can't believe i'm agreeing with some of these libs, but i really think it doesn't have so much to do with opting out.

Where i work, i don't have a choice, my check goes directly into my checking. We have to have a checking or savings. I hate that....

 

[The Rabbi]

On the "This Bill Fixes Everything" bill, right?

Obama Voted 'Present' on Mortgage Reform - WSJ.com

Moving the goalposts I see. No one claimed Sen. Obama could have fixed everything singlehandedly. But if the claim is that the unregulated mortgage market caused the melt down then he could have done something rather than nothing at the time. He didnt.

Which Senate bill are you talking about in particular? Can you name it?

reading impaired as well?

In the summer of 2005, a bill emerged from the Senate Banking Committee that considerably tightened regulations on Fannie and Freddie, including controls over their capital and their ability to hold portfolios of mortgages or mortgage-backed securities. All the Republicans voted for the bill in committee; all the Democrats voted against it. To get the bill to a vote in the Senate, a few Democratic votes were necessary to limit debate. This was a time for the leadership Sen. Obama says he can offer, but neither he nor any other Democrat stepped forward.

 

[OohPooPahDoo]

Obama Voted 'Present' on Mortgage Reform - WSJ.com

Moving the goalposts I see. No one claimed Sen. Obama could have fixed everything singlehandedly. But if the claim is that the unregulated mortgage market caused the melt down then he could have done something rather than nothing at the time. He didnt.

Which Senate bill are you talking about in particular? Can you name it?

reading impaired as well?

In the summer of 2005, a bill emerged from the Senate Banking Committee that considerably tightened regulations on Fannie and Freddie, including controls over their capital and their ability to hold portfolios of mortgages or mortgage-backed securities. All the Republicans voted for the bill in committee; all the Democrats voted against it. To get the bill to a vote in the Senate, a few Democratic votes were necessary to limit debate. This was a time for the leadership Sen. Obama says he can offer, but neither he nor any other Democrat stepped forward.

Wow. "A bill" THat narrows it down.


"A bill without a name" - is that its name?

 

[blastoff]

With a banking system in which your bank could be taken over by the government at any moment, who in the world would trust this system.

You dont understand much about what it means to be federally insured bank do you?

Yeah, Katz, you dolt. Listen up now as it sure sounds to me like one of this board's true mega-intellects is willing to spread a bit of her vast knowledge your way, so pay attention and be sure to take notes.

 

[The Rabbi]

Which Senate bill are you talking about in particular? Can you name it?

reading impaired as well?

In the summer of 2005, a bill emerged from the Senate Banking Committee that considerably tightened regulations on Fannie and Freddie, including controls over their capital and their ability to hold portfolios of mortgages or mortgage-backed securities. All the Republicans voted for the bill in committee; all the Democrats voted against it. To get the bill to a vote in the Senate, a few Democratic votes were necessary to limit debate. This was a time for the leadership Sen. Obama says he can offer, but neither he nor any other Democrat stepped forward.

Wow. "A bill" THat narrows it down.


"A bill without a name" - is that its name?

I'm sure a lengthy search will turn up what it was. that's your job, not mine. And what difference does it make what the name of the bill was.
As it stands, you've chickened on every challenge, moved goalposts, and obfuscated.
You're dismissed for today.

 

[OohPooPahDoo]

reading impaired as well?

Wow. "A bill" THat narrows it down.


"A bill without a name" - is that its name?

I'm sure a lengthy search will turn up what it was. that's your job, not mine.

Sorry, its not my job to look up the names of the things you want to talk about.

And what difference does it make what the name of the bill was.

It makes it easier to figure out which one we're talking about. Jeez, really? You wanna crtisize a Senator for not voting YES on a bill you can't even name - given the entire internet at your fingertips?

 

[The Rabbi]

You're free to prove the Wall St. Journal reporter lied and there is no such bill. Knock yourself out, bigboy.

 

[OohPooPahDoo]

You're free to prove the Wall St. Journal reporter lied and there is no such bill. Knock yourself out, bigboy.

No such what bill? I gotta prove a negative now? Because you're too lazy to provide support for your own argument? Whatever the WSJ says - that's it - and no work has to be done by you?

I thought we were done talking about nameless bills for the day.

 

[The Rabbi]

You're free to prove the Wall St. Journal reporter lied and there is no such bill. Knock yourself out, bigboy.

No such what bill? I gotta prove a negative now? Because you're too lazy to provide support for your own argument? Whatever the WSJ says - that's it - and no work has to be done by you?

I thought we were done talking about nameless bills for the day.

The Journal reporter referenced a bill. Do you think there was no such bill and he lied? Should be easy to figure out.
But you're such a limp-dick pussy you'd rather whine and obfuscate.
I'm done with you for today, little boy.

 

[OohPooPahDoo]

You're free to prove the Wall St. Journal reporter lied and there is no such bill. Knock yourself out, bigboy.

No such what bill? I gotta prove a negative now? Because you're too lazy to provide support for your own argument? Whatever the WSJ says - that's it - and no work has to be done by you?

I thought we were done talking about nameless bills for the day.

The Journal reporter referenced a bill. Do you think there was no such bill and he lied?

I think there is one. I'd love to talk about it.

Should be easy to figure out.

By all means then.

But you're such a limp-dick pussy you'd rather whine and obfuscate.
I'm done with you for today, little boy.

? You're the one who refuses to even name the bill you claim Obama should have voted for. Do you not know the bills name? You must, surely you've researched your position !

 

[The Rabbi]

I've wasted enough time on you today, scooter. Come back tomorrow when I might give a shit.

 

[OohPooPahDoo]

I've wasted enough time on you today, scooter. Come back tomorrow when I might give a shit.

I'd be delighted to talk to you about any ideas that you didn't just copy from the WSJ or any proposed legislation that you can actually name the name or id number of.

 

[waltky]

Women using payday loans to keep the wolf away from the door...

Women More Likely to Take Desperation Payday Loans
10/26/12 --- Payday loans are the financial bastion of last resort for consumers barely living paycheck-to-paycheck -- the last stop between buying the groceries or going hungry for way too many U.S families.

And women use the loans more than men, a study suggests. According to a study from the Pew Foundation, American adults spend about $7.4 billion on payday loans, using approximately 20,000 storefronts and hundreds of websites and now even banks. The return-on-investment from payday loans is a gut punch to consumers. Pew says the 12 million Americans who use payday loans take out an average eight each year of about $375 each, paying an average $520 in annual interest.

Or put it this way: According to the state of Colorado, even with tough laws passed in August 2010 extending minimum payday loan terms to six months and capping amounts, Centennial State payday borrowers take, on average, $330 on each loan and pay about $236 in interest, fees and charges.

Pew researchers are not huge fans of payday loans. They say: The loans are a highly controversial form of credit, as borrowers find fast relief but often struggle for months to repay obligations marketed as lasting only weeks. While proponents argue that payday lending is a vital way to help underserved people solve temporary cash-flow problems, opponents claim that the practice preys on overburdened people with expensive debt that is usually impossible to retire on the borrower's next payday.

Now, data are out showing women are more likely to use payday loans than men. The numbers come from a Colorado state government report on payday loans (where the new laws sent such loans down 60% in 2011 on a per-dollar basis).

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