Libertarians Are The True Political Moderates

[Bfgrn]

The housing bubble happened because buyers didn't worry about risk, assuming that a regulated market was protecting them. Bankers played along, assuming the government would bail them out.

What "risk" did the buyers have? Bankruptcy protection kept them safe from total ruin.

At least that's my assumption.

That's my point. Or part of it. There's moral hazard in regulation and law that protects people from financial ruin. "Buyer beware" isn't just good advice, it's a crucial component of a properly functioning market.

NO ONE was protected from financial ruin. You really are an idiot.

 

[dblack]

What "risk" did the buyers have? Bankruptcy protection kept them safe from total ruin.

At least that's my assumption.

That's my point. Or part of it. There's moral hazard in regulation and law that protects people from financial ruin. "Buyer beware" isn't just good advice, it's a crucial component of a properly functioning market.

NO ONE was protected from financial ruin. You really are an idiot.

Heh. Wow. Okay!

 

[Bfgrn]

That's my point. Or part of it. There's moral hazard in regulation and law that protects people from financial ruin. "Buyer beware" isn't just good advice, it's a crucial component of a properly functioning market.

NO ONE was protected from financial ruin. You really are an idiot.

Heh. Wow. Okay!

Where do you come up with all this bullshit? Seriously?? You are spewing pure idiotic dogma.

 

[TheGreatGatsby]

^^^
Way to show your usual (lack of) quality, dude.

 

[dblack]

NO ONE was protected from financial ruin. You really are an idiot.

Heh. Wow. Okay!

Where do you come up with all this bullshit? Seriously?? You are spewing pure idiotic dogma.

So you're standing with Bfgrn's claim? That no one was protected from financial ruin??? Man, pull your head out. Take a breath of fresh air. And read a goddamned newspaper.

 

[Bfgrn]

Heh. Wow. Okay!

Where do you come up with all this bullshit? Seriously?? You are spewing pure idiotic dogma.

So you're standing with Bfgrn's claim? That no one was protected from financial ruin??? Man, pull your head out. Take a breath of fresh air. And read a goddamned newspaper.

What regulation or law saves people from financial ruin pea brain?

 

[Bfgrn]

^^^
Way to show your usual (lack of) quality, dude.

The peanut gallery chirps...

BTW, Chuck Norris is not only wrong, he is 100% wrong...

 

[ScienceRocks]

Anyone that wants to do away with the minimum wage doesn't have a problem paying people pennies for work.

They want slave labor.

 

[Pete7469]

That's my point. Or part of it. There's moral hazard in regulation and law that protects people from financial ruin. "Buyer beware" isn't just good advice, it's a crucial component of a properly functioning market.

NO ONE was protected from financial ruin. You really are an idiot.

Heh. Wow. Okay!

Yeah NO ONE was protected, especially not the fascist pigs who funded the moonbat messiah's campaign. The same dipshit's who also conveniently funded republicrat campaigns.

Exactly WHO lost? The people who couldn't pay the mortgages in the first place? Or the financial institutions that were forced by the gov't to fund the loans?

The Chinese lost, because we all know we aren't paying them back.

They know it too. So now they're building aircraft carriers and nuclear subs.

That "new cue lar" subs for all you bed wetters who don't "habla".

 

[TheGreatGatsby]

^^^
Way to show your usual (lack of) quality, dude.

The peanut gallery chirps...

BTW, Chuck Norris is not only wrong, he is 100% wrong...

If I can get take your analogy and properly alter it: You are a peanut brain who has no business being on the field.

 

[Quantum Windbag]

I never said "there was a massive conspiracy by banks to burst the housing bubble". There was no conspiracy by anyone. It had nothing to do with banks. It has to do with buyers who were using "homes" as mere investment, just like buying a stock. When the 'investment' went south, they dumped the bad investment.

You continue to view speculators as home buyers. Even if there was no crisis, they were never going to reside in that 'home'.

I view speculators as buyers? If that is true, is there a reason I shouldn't? Aren't they actually buying those homes, even if their intent is to flip them? Aren't they putting their money on the line just like anyone else?

NO, they were NOT putting their money on the line. THAT is why the private lenders took over the market and pushed out Freddie and Fanny Mae. They offered 'gimmicks' and flooded the market with zero-down-payment, no monthly payments for the first two years and mortgages requiring no documentation other than the say-so of the borrower.

Some of them walked away with paying anything.

You said there wasn't a big conspiracy by the banks, now you are saying there was. Will you make up your fucking mind so that the rest of us know how stupid you are?

 

[Quantum Windbag]

What "risk" did the buyers have? Bankruptcy protection kept them safe from total ruin.

At least that's my assumption.

That's my point. Or part of it. There's moral hazard in regulation and law that protects people from financial ruin. "Buyer beware" isn't just good advice, it's a crucial component of a properly functioning market.

NO ONE was protected from financial ruin. You really are an idiot.

Nobody bailed out the banks?

You do realize that you just argued with me that the main difference between speculators and home owners is that the speculators were protected from financial ruin, don't you?

Dayam what are you going to complain about now?

 

[Bfgrn]

I view speculators as buyers? If that is true, is there a reason I shouldn't? Aren't they actually buying those homes, even if their intent is to flip them? Aren't they putting their money on the line just like anyone else?

NO, they were NOT putting their money on the line. THAT is why the private lenders took over the market and pushed out Freddie and Fanny Mae. They offered 'gimmicks' and flooded the market with zero-down-payment, no monthly payments for the first two years and mortgages requiring no documentation other than the say-so of the borrower.

Some of them walked away with paying anything.

You said there wasn't a big conspiracy by the banks, now you are saying there was. Will you make up your fucking mind so that the rest of us know how stupid you are?

I am dead serious. You need to see a psychiatrist. There is something seriously wrong with your cognitive ability.

 

[Bfgrn]

That's my point. Or part of it. There's moral hazard in regulation and law that protects people from financial ruin. "Buyer beware" isn't just good advice, it's a crucial component of a properly functioning market.

NO ONE was protected from financial ruin. You really are an idiot.

Nobody bailed out the banks?

You do realize that you just argued with me that the main difference between speculators and home owners is that the speculators were protected from financial ruin, don't you?

Dayam what are you going to complain about now?

There is not a single home buyer in America who signed a mortgage and said to themselves "Oh, I have no risk, the government will save me from financial ruin"

The reason the banks were bailed out was to protect our economy from ruin and to protect INNOCENT citizens who had nothing to do with the housing crisis, who would have lost their 401Ks and life savings.

PLEASE tell me your ideology would not demand INNOCENT citizens being destroyed?

 

[Bfgrn]

^^^
Way to show your usual (lack of) quality, dude.

The peanut gallery chirps...

BTW, Chuck Norris is not only wrong, he is 100% wrong...

If I can get take your analogy and properly alter it: You are a peanut brain who has no business being on the field.

Why don't come out on the field instead of being a coward. Let's hear from you on the subject...

 

[TheGreatGatsby]

The peanut gallery chirps...

BTW, Chuck Norris is not only wrong, he is 100% wrong...

If I can get take your analogy and properly alter it: You are a peanut brain who has no business being on the field.

Why don't come out on the field instead of being a coward. Let's hear from you on the subject...

As if you are worthy of such intellectual consideration. You're only here to obstruct matters. I learned that long ago.

 

[Pete7469]

That's my point. Or part of it. There's moral hazard in regulation and law that protects people from financial ruin. "Buyer beware" isn't just good advice, it's a crucial component of a properly functioning market.

NO ONE was protected from financial ruin. You really are an idiot.

Nobody bailed out the banks?

You do realize that you just argued with me that the main difference between speculators and home owners is that the speculators were protected from financial ruin, don't you?

Dayam what are you going to complain about now?

Dude....

You know you're talking to a bed wetting mindless sniveling imbecile with a pathological compulsion for lies right?


I do applaud your efforts but it seems like you'd be better off doing CPR on Tutenkami's mummy.

 

[Quantum Windbag]

NO ONE was protected from financial ruin. You really are an idiot.

Nobody bailed out the banks?

You do realize that you just argued with me that the main difference between speculators and home owners is that the speculators were protected from financial ruin, don't you?

Dayam what are you going to complain about now?

There is not a single home buyer in America who signed a mortgage and said to themselves "Oh, I have no risk, the government will save me from financial ruin"

The reason the banks were bailed out was to protect our economy from ruin and to protect INNOCENT citizens who had nothing to do with the housing crisis, who would have lost their 401Ks and life savings.

PLEASE tell me your ideology would not demand INNOCENT citizens being destroyed?

You are the idiot that said no one was protected from financial ruin, yet you admit the banks were bailed out. I am sure that has something to do with my lack of cognitive ability, but it really doesn't make sense.

By the way, it is crap that TARP was needed to protect the economy, it just made things worse. That explains why the Democrats were for it, and Bush had to finagle the Republicans on board.

 

[Quantum Windbag]

NO ONE was protected from financial ruin. You really are an idiot.

Nobody bailed out the banks?

You do realize that you just argued with me that the main difference between speculators and home owners is that the speculators were protected from financial ruin, don't you?

Dayam what are you going to complain about now?

Dude....

You know you're talking to a bed wetting mindless sniveling imbecile with a pathological compulsion for lies right?


I do applaud your efforts but it seems like you'd be better off doing CPR on Tutenkami's mummy.

I gave up on him ages ago, I just enjoy twisting him in knots.

 

[Bfgrn]

Nobody bailed out the banks?

You do realize that you just argued with me that the main difference between speculators and home owners is that the speculators were protected from financial ruin, don't you?

Dayam what are you going to complain about now?

There is not a single home buyer in America who signed a mortgage and said to themselves "Oh, I have no risk, the government will save me from financial ruin"

The reason the banks were bailed out was to protect our economy from ruin and to protect INNOCENT citizens who had nothing to do with the housing crisis, who would have lost their 401Ks and life savings.

PLEASE tell me your ideology would not demand INNOCENT citizens being destroyed?

You are the idiot that said no one was protected from financial ruin, yet you admit the banks were bailed out. I am sure that has something to do with my lack of cognitive ability, but it really doesn't make sense.

By the way, it is crap that TARP was needed to protect the economy, it just made things worse. That explains why the Democrats were for it, and Bush had to finagle the Republicans on board.

Let's recap, and see where your cognitive ability failed you.

Quantum Windbag: That doesn't change the fact that multiple thousands of people made bad decisions, does it?

Bfgrn: I guess it is impossible to reason with a dogmatic mind. Let's lay it out.

1) There was a housing bubble.

Then

2) Property values plummeted.

3) The people you say caused the crisis (CRA and lower income buyers) continued to pay their mortgage. Why? Because although the value dropped, they were buying a homestead. And those who lost their jobs probably kept paying even when foreclosure was inevitable.

If these were the only buyers affected, there would have been a slow deflation of the housing market.

4) But speculators and wealthy buyers trying to make a fast buck flipping houses made a cold, hard business decision...walk away and cut your loses. Speculators comprised up to 50% of buyers in the 'hot' markets where the massive foreclosures occurred.

So the ONLY way there could be a bust, is for the market to be instantly flooded with foreclosures.

Quantum Windbag: The only reason to foreclose on a loan is if somene isn't paying it. Given all the regulations, both federal and state, that make kicking people out of their house all but impossible, your claim that there was a massive conspiracy by banks to burst the housing bubble is so absurd I don't even think a rational person could possibly consider it as reality.