OWS Wants the End of Capitalism?

[Truthmatters]

Regulators crack down on subprime-lending abuses - MarketWatch


abuse in the subprime mortgage marketplace, federal regulators are cracking down on banks by issuing new rules Friday to make sure borrowers get loans they can actually afford.

The new rules, effective immediately, are for adjustable-rate mortgage products that can cause payment shock. These loans start off with low "teaser" rates that balloon, and end up being more expensive than borrowers initially anticipate.

The new rules call for banks to beef up their disclosures, limit prepayment penalties, limit the use of "stated income" loans, and include a fully indexed, fully amortized qualification for borrowers.

Buyer beware

 

[Contumacious]

Chris (CptnMidnite) Responds To

Chris does not the difference between his ass and a hole in the ground.

Otherwise he would know that Capitalism is not the problem since Capitalism is not our socioeconomic system.

He probably disagrees with bailing out banks , as do I. He also disagree with the stagnant economy, as do I. But the causes of those problems are not Wall Street they are cause by the massive welfare/warfare state being managed by 1600 Penssylvania Avenue!!!!!!!!!!!!

.

You didnt watch the video or you wouldnt be saying such bs

English comprehension is not your forte otherwise you wouldn't be saying such bullshit.

.

 

[Truthmatters]

Why is it that the rihgt tries to pretend the lenders were not abusing lendees for years under Bush?

 

[Claudette]

Lets go back to the old way of buying a house.

1. You had to have a good credit rating.

2. You had to have a percentage as a downpayment..

Worked quite well until the Govt decided that EVERYONE should own a home regardless of their credit rating or if they had a downpayment.

Thats the way my parents and their parents bought their homes.

 

[Contumacious]

Chris (CptnMidnite) Responds To

Chris does not the difference between his ass and a hole in the ground.

Otherwise he would know that Capitalism is not the problem since Capitalism is not our socioeconomic system.

He probably disagrees with bailing out banks , as do I. He also disagrees with the stagnant economy, as do I. But the causes of those problems are not Wall Street they are cause by the massive welfare/warfare state being managed by 1600 Pennsylvania Avenue!!!!!!!!!!!!.

When we believe you can't sound any more stupid, you raise the bar.

OK, that is an assertion. Let's see your evidence, your good solid objective evidence

Are you the dumb fuck who was interviewed by Howard Stern at Zuccotti Park?

.

 

[whitehall]

They don't even understand capitalism or socialism for that matter. OWS is just a camping trip to these people. One spoiled brat whined that his $6,000 laptop was stolen. I don't own a $6.000 laptop and I ain't demonstrating against corporations and banks who make these products possible to own.

 

[DaGoose]

.

[ame=http://www.youtube.com/watch?v=cvTCpApk6Ak&feature=related]John Lennon - Power to the People - YouTube[/ame]

 

[Teals_Of_Wonder]

The option to capitalism would be like going back to the days of King George, 90% of all the wealth is within the government, and 10% of the wealth would be spread out evenly amongst the slaves aka, the rest of england,living in 700 sq. foot flats.

 

[Jarhead]

Has anybody thought about this....

We reform everything....sort of "spread the wealth".....the wealthiest get to keep less than they did....the poorest get more than they had...the middle class expands...and all have more money...

What will hapopen to prices?

All I can say is....be careful what you wish for. IN the end, prices will go up, the welthiest will still be making a lot more money, the poor will still be struggling and the middle class will have more money, but need to spend more money...and have a net change of 0.

SO the only alternative will be to NOT allow prices to rise.

Now...who wants a government that can control that?

 

[Teals_Of_Wonder]

and can you imagine if Obama wins? i wonder how many millionaires/business owners will take their money and move out of the country? then what will obama do to create 10 million jobs?

 

[Dragon]

It's really telling that the opponents of this movement can't seem to criticize it without lying about it.

 

[Contumacious]

and can you imagine if Obama wins? i wonder how many millionaires/business owners will take their money and move out of the country? then what will obama do to create 10 million jobs?

Exactly,

But the dumb fucks prefer to blame Wall Street.

.

 

[Flopper]

I was in downtown Seattle last week and saw a demonstration up close. There seems to be little if any organization. Some of the people were antiwar protesters, anti-capitalism, but many were just there to watch.

 

[ClosedCaption]

and can you imagine if Obama wins? i wonder how many millionaires/business owners will take their money and move out of the country? then what will obama do to create 10 million jobs?

like they did the first time...oh wait.

Just more fearmongering and story telling

 

[JakeStarkey]

Chris does not the difference between his ass and a hole in the ground.

Otherwise he would know that Capitalism is not the problem since Capitalism is not our socioeconomic system.

He probably disagrees with bailing out banks , as do I. He also disagrees with the stagnant economy, as do I. But the causes of those problems are not Wall Street they are cause by the massive welfare/warfare state being managed by 1600 Pennsylvania Avenue!!!!!!!!!!!!.

When we believe you can't sound any more stupid, you raise the bar.

OK, that is an assertion. Let's see your evidence, your good solid objective evidence

Are you the dumb fuck who was interviewed by Howard Stern at Zuccotti Park?.

So you have nothing at all? Other than you are angry.

 

[Kuros]

To the OP thread title - yes.
This is probably the only common theme that the OWS seem to share in common - or enough of them do that it would make the majority of them.

So...yes they do.

You didnt watch the vid

ACtually I watched a minute or two.
The vid is irrelevant. It is one guys opinion...is the same manner as I wouldn't judge the OWS by a moron - I wouldn't judge them by one guy with a brain.

And likewise I won't judge the entire conservative movement by one right-wing partisan hack.

 

[Kuros]

the tea party wants more regulations repealed.

Fuck yeah!

See.

they think unfettered markets will cure the market abuses that caused this mess.

That's a liberal strawman.

The regulations are written by corporations and private interests, not Congress. Congress just votes on them.

The Tea Party is absolutely right on this point, and so too is OWS.

 

[ClosedCaption]

Has anybody thought about this....

We reform everything....sort of "spread the wealth".....the wealthiest get to keep less than they did....the poorest get more than they had...the middle class expands...and all have more money...

What will hapopen to prices?

All I can say is....be careful what you wish for. IN the end, prices will go up, the welthiest will still be making a lot more money, the poor will still be struggling and the middle class will have more money, but need to spend more money...and have a net change of 0.

SO the only alternative will be to NOT allow prices to rise.

Now...who wants a government that can control that?

The free market will take care of any business that jacks prices through the roof. They wont be in business

 

[Teals_Of_Wonder]

well overall, if obama wins 2012, you can pretty much expect some kind of mass exodus, not just the rich,even those who's life and well being would be in dire straights with another four years of a dictatorship forcing health-care and more taxes and 4.00 gas. just like what's been happening in cally over the last 10 or so years, but in their case,they moved further east and south.

 

[Jarhead]

Has anybody thought about this....

We reform everything....sort of "spread the wealth".....the wealthiest get to keep less than they did....the poorest get more than they had...the middle class expands...and all have more money...

What will hapopen to prices?

All I can say is....be careful what you wish for. IN the end, prices will go up, the welthiest will still be making a lot more money, the poor will still be struggling and the middle class will have more money, but need to spend more money...and have a net change of 0.

SO the only alternative will be to NOT allow prices to rise.

Now...who wants a government that can control that?

The free market will take care of any business that jacks prices through the roof. They wont be in business

really?

do you have any idea how pure competition works?

If what you say is correct, then why are prices higher now than they were...say....30 years ago?