Paulson, Bernanke, Clinton, Bush, bankers, lenders and anyone involved in the stupidest free market intervention idea I've seen in my lifetime need to pull their heads out of their as*es long enough to read this definition of moral hazard.
We aren't run by monkeys. We're run by dangerously incompetent and corrupt people who need to HEAR THE OUTRAGE of the public (and the lawyers) on this issue.
Moral hazard is the prospect that a party insulated from risk may behave differently, for example, that an insured party's behaviour will be more risky than it would without the insurance.
Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions.
28 comments:
FROM HITLERY'S WEBSITE:
I will consider legislation that enables lenders to convert unworkable mortgages into stable, affordable loans without the permission of investors. Protection from lawsuits will remove the obstacle that keeps lenders, servicers and others from turning mortgages that were designed to fail into mortgages families can afford.
we are becoming the land of the weak and home of the stupid
e*trade took 27 cents on the dollar for their toxic waste
Banks are desperate to avoid losing it all
I think this could be considered de-evolution. We're getting stupid-er as a nation, and possibly as a species. We're breaking away from natural laws of physics, and if we continue down this path, we won't even be able to recognize reality.
It's a double corruption.
First: bailing out the dishonest at the cost of the honest.
Second: the fact that they know they're screwing us; but are willing to do it for the 213+ electoral votes in play.
Freezing rates isn't going to bring everyone's capital magically back on balance sheets and up to what it was in 2007Q1.
This is just last second window dressing while the players position themselves.
GS is short billions of derivatives which will sure tank when the credit market surely has a near fatal heart attack once this idea goes through.
Fuck it if you can't beat em join em. This weekend I'm going house hunting. Not kidding. It is obvious housing prices will be propped up at any expense. Might as well get in on it.
No more freaking Baby Boomer presidents! We're sick of it.
These Baby Boomers destroy everything they touch.
Will someone please explain to me how the stock market is sustaining at this level when every day I hear more and more HUGE bad news? What is going on??????
Moral hazard doesn't begin to explain it. They did this on purpose. They profit from chaos, it furthers their socialist agenda, plus they get rich in the process. Moral hazard is a delusional term that is way too nice. Call these people what they are Keith, they are the whores of babylon.
If the lenders and bond investors aka speculators take the losses, then it's fine with me. As long as tax dollars aren't wasted on bailing out the imbeciles. So far, so good. The only sad part is that people with good credit who took out fixed loans are paying higher rates than the deadbeat morons of the world.
Imagine the dolts who bought in Dec of 2004. They're fucked because they didn't wait until Jan 2005.
Woohoo!!! The government just destroyed the money & capital markets. This is Communism's dream come true. Bitteridiot will be happy about this. He always said that we need to give Communism a try.
Hitlary & Hussein Obama 2008
Hillary
I will never forget that 9-11 happened on the bush watch, and so did this housing ponzi.
I blame him, and his really stupid electorate as stupid is as stupid does.
I don't think the insurance analogy holds, because this bail out is after the fact - maybe you could call it retrospective insurance. But then, that's not insurance, is it?
"Imagine the dolts who bought in Dec of 2004. They're fucked because they didn't wait until Jan 2005."
And these dolts will be first in line at the lawsuit line. Can't blame 'em either, I'd be suing if I were in their shoes. Or if I had a fixed loan or if my ARM just reset yesterday.
What I would give to me a litigator with mortgage experience in the next 6 months....these guys are going to clean up.
This issue will KILL Clinton like immigration killed McCain.
Hillary is all through. She cannot win.
Can you say CREDIT CRUNCH?
I blame this whole mess on registered DemoRat morons & Repugnant idiots who were busy fighting each other while the thieves robbed America.
Where's the Revrund Jessay Jackson?
Fuck it if you can't beat em join em. This weekend I'm going house hunting. Not kidding. It is obvious housing prices will be propped up at any expense. Might as well get in on it
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Let us know what kind of loan you get Now that investors are being told to FU%K off and their contracts are being nulified (Let us know what's the down payment going to be and what is the interest rate they're going to charge)
GOOD LUCK with that one!
"I blame him"
Dont blame the president, just blame the people that VOTED for this idiot, not once, but TWICE !!
The stupid sheeple Americans get EXACTLY what THEY vote for.
snicker.
i just finished dinner... after seeing this photo of MSSSSSSSSSSS Clinton. I suddenly feel very sick.
Stop the monkey comparisons. It's apparently a compliment.
Monkeys Are Intelligent
Video
I'm on record, in writing in 2004 saying that these loans don't get made without the presumption of a bailout from Washington. And I'm Right. And this sucks.
All Hail Comrade Bernake
I hope everything and everyone does well as long as they're not part of the REIC fraudsters. So far, that has been the case. Flippers, realtrolls, brokers, banks, lenders and bonds investors have been getting screwed.
We aren't run by monkeys. We're run by dangerously incompetent and corrupt people who need to HEAR THE OUTRAGE of the public (and the lawyers) on this issue.
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Hey....its just business as usual for the Libertarians in the Republican party.
Hey....its just business as usual for the Libertarians in the Republican party.
Yep, those Libertarians have been running this country for decades. I believe Congress has been run by Libertarians for the past 60 years? Oh, my bad. It's been controlled by DemoRat scum & Repugnant slime for the past 60 years. How many Libertarian Presidents have we had?
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