New bank rules

[mrsleeve]

im not following you, care to expand? lets see what terrible things have the libbs done in the past 100 years....

1. aboloshed slavery
2. given women the right to vote
3. ended segregation

we still have a long way to go!

I give you H.C. The CRA, the New Deal, farm subsides, mass imprisonment for speaking out against the govt (willson admin) and for being azn during wwii FDR, Welfare, and all the other social engineering practices of the last 100 years.

I can continue. Social justice aka rights of the collective aka human rights are not one in the same as Individual rights. Individual rights are far more important than the rights of the collective.

[briansjacobs]

I give you H.C. The CRA, the New Deal, farm subsides, mass imprisonment for speaking out against the govt (willson admin) and for being azn during wwii FDR, Welfare, and all the other social engineering practices of the last 100 years.

I can continue. Social justice aka rights of the collective aka human rights are not one in the same as Individual rights. Individual rights are far more important than the rights of the collective.

I'll see that and raise you
Minimum wage,maximum hours, minimum work age,FDIC,FHA,SEC

The CRA was designed to prevent "red lining" which was a way for banks to not lend in lower income neighborhoods. Going back to some of our previous converstations about when govt gets involved, they do somegood and do a little damage along the way.

[briansjacobs]

I can continue. Social justice aka rights of the collective aka human rights are not one in the same as Individual rights. Individual rights are far more important than the rights of the collective.

I think we are arguing symantics here, you know the point I was making. Equal rights for all was more my point. White,Black,gay, straight, Jew,Christian,Atheist....From a fiscal standpoint these are things that do not cost any of us anything and there should be no controversy, Welfare I can understand a fiscal conservative being opposed.

[LBJefferies]

What we need is an entirely free, directly democratic society where you can do whatever the fuck you want so long as it doesn't negatively effect other people. That pretty much just means don't rape, kill, steal and pollute. Just about everything else is fair game.

Anybody that tries to tell you what you can and cannot do should suck a fat one. It doesn't matter if this person is a democrat or republican, liberal or conservative. They are an authority figure and they can go fuck themselves.

Thank you for your time. I'll be here till I can afford a better car.

[mrsleeve]

What we need is an entirely free, directly democratic society where you can do whatever the fuck you want so long as it doesn't negatively effect other people. That pretty much just means don't rape, kill, steal and pollute. Just about everything else is fair game.

Anybody that tries to tell you what you can and cannot do should suck a fat one. It doesn't matter if this person is a democrat or republican, liberal or conservative. They are an authority figure and they can go fuck themselves.

Thank you for your time. I'll be here till I can afford a better car.

well h0lmes this is one thing we agree on. This is just how the founders set us up to be. and you can see what has happened to that. I want to see us return to where the founders intended the govt to be. There needs to be as little govt as possible. We now have the opposite we have a over abundance of govt.

I would prefer to stick to the democratically elected republican govt my self (look up what a republic is because I was not talking about the party)

A true democracy is nothing more than 51% of the people can violate the rights of the other 49%. A more crude analogy is 2 wolves and a sheep voting on whats for dinner.

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Brian: Work rules are good but you can thank organized labor for those more than anything. I dont like any govt in banking at all and feel the FED needs to go. FDIC is arguably a good thing yes, but really I feel that banks when run appropriately with out govt interference, it would be unneeded. FHA, why does the govt have to have its nose into private business and home ownership. Isnt that what has caused all this to happen in the 1st place. Govt getting into the mortgage business????? oh fun fact for the day the US govt owns like 96% of the mortgages in the USA. I dont see that in the Constitution anywhere and any reason for why the govt should be into the business in the 1st place.

CRA in theory was a good idea but so are fruit roll-up Blow jobs, neither work out well in practice. Again one of the biggest driving factors in the sub-prime mess, thanks to Carter, Clinton, Dodd and Barrny the fairy Muppet Frank. Really do I have to explain this one. If the neighborhood was so bad that it was a bad investment then its a bad investment. You see when the govt gets into private enterprise and tells the banks and private businesses what they must do, its a slippery slope to more and more regulations and mandates. Everything the govt gets involved and tries to fix something, it gets all fucked up, and they try to fix it again and it gets progressively worse. (see if you can find the intentional pun in there)

Welfare I am all for it, but with a few caveat's 1- 18 months thats it no more no less. 2 Food stamps are good for the bare necessities to keep yo alive, Milk, eggs, ground meat, potatoes, rice and beans and maybe a few apples and oranges. 3 Your section 8 home is shared with 3-4 other families, none of this single family crap. 4 You get a Small stipend to buy other things, like gas to get to work. tooth paste, and a few cloths, maybe 600 a month that you will pay taxes on. The idea is to not let anyone go hungry or go with out shelter, just because you are down on your luck, but to make it as unpleasant a experience as possible to make an incentive to get outta the system and make a better life. Not live on it for generations.

[z31maniac]

to be more specfic, I was for letting the banks and GM fail, no bail outs. I am also for gay marriage, immagration reform (I dont feel the border should have closed the minute my family made it here in 1910), I am for the decriminalization and limited legalization of marijuana (and no I dont smoke it)

that should be fairly clear on the where I am conservative and where I am liberal

wow we are not going to get along very well are we :(

Why is that?

Weed, legalize it. Gay marriage, let them join in too. Immigration reform, learn some of our culture and language, come join us, we are the best country in the world just don't expect us to bend over backwards for you.

But you are the "conservative" that agrees with Unions, as long as it's your own. Seems a bit hypocritical.

[mrsleeve]

But you are the "conservative" that agrees with Unions, as long as it's your own. Seems a bit hypocritical.

It was a tongue in cheek statement we are getting along fine.

Yes I agree with the concept of unionized labor, it can and is a very powerful thing when the union and the industry it serves works together to find the best balance for all involved. Just like anything there are good ones and bad ones, SEIU, UAW, Teamsters, IBEW all examples of bad ones, that have either torpedoed their industry, or out and out shilling for radical left wing groups, or even both.

Mine while throwing support behind the D's more than I care to admit, works with our contractors and industry very very closely to keep ourselves viable and competitive. And you would be very very surprised to find out how man conservatives hold a union card.

[briansjacobs]

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Brian: Work rules are good but you can thank organized labor for those more than anything. I dont like any govt in banking at all and feel the FED needs to go. FDIC is arguably a good thing yes, but really I feel that banks when run appropriately with out govt interference, it would be unneeded. FHA, why does the govt have to have its nose into private business and home ownership. Isnt that what has caused all this to happen in the 1st place. Govt getting into the mortgage business????? oh fun fact for the day the US govt owns like 96% of the mortgages in the USA. I dont see that in the Constitution anywhere and any reason for why the govt should be into the business in the 1st place.
The FDIC is what protects us from another depression. Banks are not required to follow FDIC, but then your deposits would not be insured if the bank lost your money.

CRA in theory was a good idea but so are fruit roll-up Blow jobs, neither work out well in practice. Again one of the biggest driving factors in the sub-prime mess, thanks to Carter, Clinton, Dodd and Barrny the fairy Muppet Frank. Really do I have to explain this one. If the neighborhood was so bad that it was a bad investment then its a bad investment. You see when the govt gets into private enterprise and tells the banks and private businesses what they must do, its a slippery slope to more and more regulations and mandates. Everything the govt gets involved and tries to fix something, it gets all fucked up, and they try to fix it again and it gets progressively worse. (see if you can find the intentional pun in there)
Again, banks can redline if they like, but then they can not loan FNMA,FHLMC or FHA loans.

how do you think the banks are doing now, making more money on shorts and derivatives than actual investments. They are betting against america!
Welfare I am all for it, but with a few caveat's 1- 18 months thats it no more no less. 2 Food stamps are good for the bare necessities to keep yo alive, Milk, eggs, ground meat, potatoes, rice and beans and maybe a few apples and oranges. 3 Your section 8 home is shared with 3-4 other families, none of this single family crap. 4 You get a Small stipend to buy other things, like gas to get to work. tooth paste, and a few cloths, maybe 600 a month that you will pay taxes on. The idea is to not let anyone go hungry or go with out shelter, just because you are down on your luck, but to make it as unpleasant a experience as possible to make an incentive to get outta the system and make a better life. Not live on it for generations.

im gonna cry, im so proud of you. We found a tiny little bit of liberal in you

[Charlie]

Brian, don't waste your time.

You gotta realize that most of the people on here are a bunch of 17 year old kids, it's moral absolutism or nothing here, they can't handle much else.

-Charlie

[mrsleeve]

^^^^^^^^^^^^^^^^^^^

Not 17 nearly double that. have not had a easy life, have had to work for every single thing I have, and work hard for it all.

Brian: I might a be conservative, but I am not heartless. Banks shorting and the plague of CDF's are a result of Greed of the people in the system, not a necessarily a break down of the system. They will just find another means to skirt the rules and get around things to make short term gains, the more rules they are hampered with . Take the chains off(with in reason some regulation is necessary as is some govt but like I have said we have a over abundance of both), let them do business as they see fit, the public will learn or parish, tis the American way. Fail and pick yourself up and dust off and try again, we are all assured a equal opportunity of success and pursuit there off. NOT EQUAL RESULTS!!!!!! And rigging the game in an attempt to do so, is unjust and creates more issues than it solves as well as tips the scales in favor of the corrupt and greedy. This should be abundantly clear by now You know the CDF's and short-selling and predatory lending. All because they knew the feds would ride in to save the day, no consequences for bad lending practices and behavior.