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Postby strangegrey » Sat Sep 27, 2008 10:32 am

Fact Finder wrote:Banks are collapsing because the Government TOLD them to lend money to people who could not pay it back.

Banks should only lend money to whom they damn well please...everyone is not entilted to money. Earn it.


What a load of complete and utter hogwash. There isn't a bank officer I know of that would lend out money under the sole position that government demanded it. In the end, people within corporations generally act within the scopes of their jobs....NOT government oversight. In fact, the *only* time government considerations are taken into account during a corporations activities is to satisfy the requirements of either reporting or law. The vast majority of bad loans were bad *not* because the freedom to offer bad loans was extended to corporations by government but because they took advantage.

If you're a fat fucking blob of blubber, and I leave a cookie jar out on the table stuffed to the max with chocolate cookies....is it my fault that you turned into a diabetic heart attack waiting to happen or your own?!!?!?

I'm sorry. I'm a republican (might not be for long though), but I'm smelling a double standard here.....
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Postby S2M » Sat Sep 27, 2008 10:35 am

Fact Finder wrote:Banks are collapsing because the Government TOLD them to lend money to people who could not pay it back.

Banks should only lend money to whom they damn well please...everyone is not entilted to money. Earn it.



I am totally AGAINST credit.....I do not own a credit card. What these credit companies charge IS usuary, plain and simple.

Legal loansharking, anybody? I'm surprised that two guys named Vinnie and Tony aren't banging on doors threatening to re-arrange people's faces, or at least their furniture....

I've had times where my direct deposit went in (I get paid bi-weekly), and by the 2nd thursday have about $10 left in my account. The next day my Deposit is supposed to go through at 12:00 am. So I order take-out which costs about $12. But since i only have $10 in my account, the bank charges me $39 cause I'm short $2 - for roughly 4 hours! That's about a 200% usuary rate. I hate banks, and always will.

They charge between 5% and 23% interest, but only give 1%-3% for savings.....got no use for banks.
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Postby csiako » Sat Sep 27, 2008 10:39 am

StocktontoMalone wrote:
Fact Finder wrote:Banks are collapsing because the Government TOLD them to lend money to people who could not pay it back.

Banks should only lend money to whom they damn well please...everyone is not entilted to money. Earn it.



I am totally AGAINST credit.....I do not own a credit card. What these credit companies charge IS usuary, plain and simple.

Legal loansharking, anybody? I'm surprised that two guys named Vinnie and Tony aren't banging on doors threatening to re-arrange people's faces, or at least their furniture....

I've had times where my direct deposit went in (I get paid bi-weekly), and by the 2nd thursday have about $10 left in my account. The next day my Deposit is supposed to go through at 12:00 am. So I order take-out which costs about $12. But since i only have $10 in my account, the bank charges me $39 cause I'm short $2 - for roughly 4 hours! That's about a 200% usuary rate. I hate banks, and always will.

They charge between 5% and 23% interest, but only give 1%-3% for savings.....got no use for banks.


nowadays credit cards are a necessity and not a luxury. if you manage it wisely, it will give you a good credit report that is useful when you buy a car or a house someday
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Postby S2M » Sat Sep 27, 2008 10:40 am

csiako wrote:
StocktontoMalone wrote:
Fact Finder wrote:Banks are collapsing because the Government TOLD them to lend money to people who could not pay it back.

Banks should only lend money to whom they damn well please...everyone is not entilted to money. Earn it.



I am totally AGAINST credit.....I do not own a credit card. What these credit companies charge IS usuary, plain and simple.

Legal loansharking, anybody? I'm surprised that two guys named Vinnie and Tony aren't banging on doors threatening to re-arrange people's faces, or at least their furniture....

I've had times where my direct deposit went in (I get paid bi-weekly), and by the 2nd thursday have about $10 left in my account. The next day my Deposit is supposed to go through at 12:00 am. So I order take-out which costs about $12. But since i only have $10 in my account, the bank charges me $39 cause I'm short $2 - for roughly 4 hours! That's about a 200% usuary rate. I hate banks, and always will.

They charge between 5% and 23% interest, but only give 1%-3% for savings.....got no use for banks.


nowadays credit cards are a necessity and not a luxury. if you manage it wisely, it will give you a good credit report that is useful when you buy a car or a house someday


I guess we'll agree to disagree....If I don't have the money for it, I don't buy it. Credit companies are second only to Insurance companies as far as the scum of the earth. If credit is a necessity, we are in more trouble than we are letting on.
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Postby scarygirl » Sat Sep 27, 2008 10:42 am

RedWingFan wrote:
Fact Finder wrote:Can't wait for tonights debate.

I'm stuck at work. A rundown of whatever goes down would be greatly appreciated. :D


A rundown? More like a moe down. Good thing this isn't real life or we'd all be road kill omlette. :lol:
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Postby csiako » Sat Sep 27, 2008 10:42 am

StocktontoMalone wrote:
csiako wrote:
StocktontoMalone wrote:
Fact Finder wrote:Banks are collapsing because the Government TOLD them to lend money to people who could not pay it back.

Banks should only lend money to whom they damn well please...everyone is not entilted to money. Earn it.



I am totally AGAINST credit.....I do not own a credit card. What these credit companies charge IS usuary, plain and simple.

Legal loansharking, anybody? I'm surprised that two guys named Vinnie and Tony aren't banging on doors threatening to re-arrange people's faces, or at least their furniture....

I've had times where my direct deposit went in (I get paid bi-weekly), and by the 2nd thursday have about $10 left in my account. The next day my Deposit is supposed to go through at 12:00 am. So I order take-out which costs about $12. But since i only have $10 in my account, the bank charges me $39 cause I'm short $2 - for roughly 4 hours! That's about a 200% usuary rate. I hate banks, and always will.

They charge between 5% and 23% interest, but only give 1%-3% for savings.....got no use for banks.


nowadays credit cards are a necessity and not a luxury. if you manage it wisely, it will give you a good credit report that is useful when you buy a car or a house someday


I guess we'll agree to disagree....If I don't have the money for it, I don't buy it. Credit companies are second only to Insurance companies as far as the scum of the earth. If credit is a necessity, we are in more trouble than we are letting on.


how do you rent a car? how do you purchase a plane ticket? some things in order to buy you have to have a credit card to buy.. not that you dont have the money for it
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Postby RedWingFan » Sat Sep 27, 2008 10:43 am

StocktontoMalone wrote:
Fact Finder wrote:Banks are collapsing because the Government TOLD them to lend money to people who could not pay it back.

Banks should only lend money to whom they damn well please...everyone is not entilted to money. Earn it.



I am totally AGAINST credit.....I do not own a credit card. What these credit companies charge IS usuary, plain and simple.


My wife and I only use our Chase Perfect card. We save 3% of all gas purchases and 1% off of everything else. We save quite a bit of money every year, because we NEVER carry a balance on it. THEY PAY US for being responsible. :D :wink:
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Postby S2M » Sat Sep 27, 2008 10:43 am

csiako wrote:
StocktontoMalone wrote:
csiako wrote:
StocktontoMalone wrote:
Fact Finder wrote:Banks are collapsing because the Government TOLD them to lend money to people who could not pay it back.

Banks should only lend money to whom they damn well please...everyone is not entilted to money. Earn it.



I am totally AGAINST credit.....I do not own a credit card. What these credit companies charge IS usuary, plain and simple.

Legal loansharking, anybody? I'm surprised that two guys named Vinnie and Tony aren't banging on doors threatening to re-arrange people's faces, or at least their furniture....

I've had times where my direct deposit went in (I get paid bi-weekly), and by the 2nd thursday have about $10 left in my account. The next day my Deposit is supposed to go through at 12:00 am. So I order take-out which costs about $12. But since i only have $10 in my account, the bank charges me $39 cause I'm short $2 - for roughly 4 hours! That's about a 200% usuary rate. I hate banks, and always will.

They charge between 5% and 23% interest, but only give 1%-3% for savings.....got no use for banks.


nowadays credit cards are a necessity and not a luxury. if you manage it wisely, it will give you a good credit report that is useful when you buy a car or a house someday


I guess we'll agree to disagree....If I don't have the money for it, I don't buy it. Credit companies are second only to Insurance companies as far as the scum of the earth. If credit is a necessity, we are in more trouble than we are letting on.


how do you rent a car? how do you purchase a plane ticket? some things in order to buy you have to have a credit card to buy.. not that you dont have the money for it


I pay cash for everything.....You don't NEED a credit card.
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Postby The_Noble_Cause » Sat Sep 27, 2008 11:00 am

RedWingFan wrote:.... and a radical leftist/socialist who doesn't want to be called names. :D


Whose policies are the near spitting image of Hillary Clinton, the party's reigning Reagan-admiring, corporate-beholden heiress.
You guys don't even know what far left is.
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Postby classicstyxfan » Sat Sep 27, 2008 11:03 am

The really sad thing about this whole mess is the lack of personal and corporate responsibility and/or accountability that drove things to the way they are today.....

People who obvoiusly cared more about what their house said about them than whether they would be able to actually make the required payments.........Banks and Wall Street companies that made poor business decisions to insure their bottom line looked better on the short term irregardless of the possibly catastrophic longer term prognosis, and CEO's whose reckless policies were of little concern personally, because they had pre-negotiated their own golden parachutes to be awarded regardless of how their comapnies actually performed.

These peoples parents and or Grandparents must be wondering where they went wrong with this generation....their attempts to teach/instill their values ultimately failed.

In regards to credit, it can be a great tool to receive better terms and an enhanced lifestyle when used correctly......or a curse to those who dont excercise personal responsibility by living beyond their means and not making the payments to preserve their financial reputation. Credit itself is NOT evil....those who issue it are entitled to make a profit, as they are taking a risk. Remove irresponsibility from the equation on all sides and everybody benefits.

I do know that in some cases, unforseen circumstances make such problems unavoidable, but I think in most cases GREED caused problems.....amazing the extent of the damage can now be measured in TRILLIONS of dollars, and sad that those of us who have lived responsibly will shoulder much of the burden needed to make things right. ( stepping off my soapbox now )
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Postby Enigma869 » Sat Sep 27, 2008 11:10 am

StocktontoMalone wrote:You don't NEED a credit card.


You do if you plan on renting a car!


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Postby Lula » Sat Sep 27, 2008 11:15 am

have we discussed this one? the republicans are eating their own :lol: ;)

Palin Problem
She’s out of her league.

By Kathleen Parker

If at one time women were considered heretical for swimming upstream against feminist orthodoxy, they now face condemnation for swimming downstream — away from Sarah Palin.

To express reservations about her qualifications to be vice president — and possibly president — is to risk being labeled anti-woman.

Or, as I am guilty of charging her early critics, supporting only a certain kind of woman.

Some of the passionately feminist critics of Palin who attacked her personally deserved some of the backlash they received. But circumstances have changed since Palin was introduced as just a hockey mom with lipstick — what a difference a financial crisis makes — and a more complicated picture has emerged.

As we’ve seen and heard more from John McCain’s running mate, it is increasingly clear that Palin is a problem. Quick study or not, she doesn’t know enough about economics and foreign policy to make Americans comfortable with a President Palin should conditions warrant her promotion.

Yes, she recently met and turned several heads of state as the United Nations General Assembly convened in New York. She was gracious, charming and disarming. Men swooned. Pakistan’s president wanted to hug her. (Perhaps Osama bin Laden is dying to meet her?)

And, yes, she has common sense, something we value. And she’s had executive experience as a mayor and a governor, though of relatively small constituencies (about 6,000 and 680,000, respectively).

Finally, Palin’s narrative is fun, inspiring and all-American in that frontier way we seem to admire. When Palin first emerged as John McCain’s running mate, I confess I was delighted. She was the antithesis and nemesis of the hirsute, Birkenstock-wearing sisterhood — a refreshing feminist of a different order who personified the modern successful working mother.

Palin didn’t make a mess cracking the glass ceiling. She simply glided through it.

It was fun while it lasted.

Palin’s recent interviews with Charles Gibson, Sean Hannity, and now Katie Couric have all revealed an attractive, earnest, confident candidate. Who Is Clearly Out Of Her League.

No one hates saying that more than I do. Like so many women, I’ve been pulling for Palin, wishing her the best, hoping she will perform brilliantly. I’ve also noticed that I watch her interviews with the held breath of an anxious parent, my finger poised over the mute button in case it gets too painful. Unfortunately, it often does. My cringe reflex is exhausted.

Palin filibusters. She repeats words, filling space with deadwood. Cut the verbiage and there’s not much content there. Here’s but one example of many from her interview with Hannity: “Well, there is a danger in allowing some obsessive partisanship to get into the issue that we’re talking about today. And that’s something that John McCain, too, his track record, proving that he can work both sides of the aisle, he can surpass the partisanship that must be surpassed to deal with an issue like this.”

When Couric pointed to polls showing that the financial crisis had boosted Obama’s numbers, Palin blustered wordily: “I’m not looking at poll numbers. What I think Americans at the end of the day are going to be able to go back and look at track records and see who’s more apt to be talking about solutions and wishing for and hoping for solutions for some opportunity to change, and who’s actually done it?”

If BS were currency, Palin could bail out Wall Street herself.


If Palin were a man, we’d all be guffawing, just as we do every time Joe Biden tickles the back of his throat with his toes. But because she’s a woman — and the first ever on a Republican presidential ticket — we are reluctant to say what is painfully true.

What to do?

McCain can’t repudiate his choice for running mate. He not only risks the wrath of the GOP’s unforgiving base, but he invites others to second-guess his executive decision-making ability. Barack Obama faces the same problem with Biden.

Only Palin can save McCain, her party, and the country she loves. She can bow out for personal reasons, perhaps because she wants to spend more time with her newborn. No one would criticize a mother who puts her family first.

Do it for your country.

— Kathleen Parker is a nationally syndicated columnist.
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Postby classicstyxfan » Sat Sep 27, 2008 11:18 am

responsible use of a credit card is one great way to demonstrate creditworthiness that is evaluated when you want to buy a car or get a mortgage....Lack of credit history makes getting credit for these purposed either much more expensive, or downright impossible !

How many of us would even have a house without having credit extened to us ? ( I sure wouldnt ! )
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Postby csiako » Sat Sep 27, 2008 11:19 am

im watching the debates right now, i thought they are gonna discuss foreign policy, but they are discussing the economy
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Postby 7 Wishes » Sat Sep 27, 2008 11:22 am

McCain, even though it's been proven Obama's plan will save almost every American MORE money on their taxes, continues to rattle off the standard bullshit Republican "the Democrats want to raise taxes" line. Asshole.
But around town, it was well known...when they got home at night
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Postby RossValoryRocks » Sat Sep 27, 2008 11:29 am

7 Wishes wrote:McCain, even though it's been proven Obama's plan will save almost every American MORE money on their taxes, continues to rattle off the standard bullshit Republican "the Democrats want to raise taxes" line. Asshole.


Obama does want to raise taxes on the people who give most of us jobs. Which means they won't expand (creating more jobs) and may lay off workers ( costing people jobs). You have to have income to be taxed.

And most small businesses are S corp and make over $250,000 but they are NOT rich...and their taxes would go up and they will either A) Close up shop or B) lay people off.

7, You don't understand economics and tax policy. If you did you would understand this...you CANNOT tax yourself to prosperity.

It doesn't matter though...Obama will be the next President...and God help us!
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Postby SteveForever » Sat Sep 27, 2008 11:32 am

7 Wishes wrote:McCain, even though it's been proven Obama's plan will save almost every American MORE money on their taxes, continues to rattle off the standard bullshit Republican "the Democrats want to raise taxes" line. Asshole.



The Democrats want to give a paultry crumb of a tax credit or break, but what do the people that own Corporate America or own small business do?
They are gonna turn around and charge us. They aren't people that don't work.....its dang expensive to run a company~ the Democrats
often make it sound like they are the fat cats just sitting around collecting.
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Postby 7 Wishes » Sat Sep 27, 2008 11:33 am

Incidentally, I do have an M.B.A. So thank you, sir, I do have a strong comprehension of economics.

It has been proven beyond a shadow of a doubt that trickle-down Reaganomics DOES NOT WORK.

End of story.
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Postby SteveForever » Sat Sep 27, 2008 11:35 am

7 Wishes wrote:Incidentally, I do have an M.B.A. So thank you, sir, I do have a strong comprehension of economics.

It has been proven beyond a shadow of a doubt that trickle-down Reaganomics DOES NOT WORK.

End of story.


The BOOM years we enjoyed with Bill Clinton were because of trickle down Reaganomics....
I don't have an MBA though... :D
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Postby RossValoryRocks » Sat Sep 27, 2008 11:35 am

7 Wishes wrote:Incidentally, I do have an M.B.A. So thank you, sir, I do have a strong comprehension of economics.

It has been proven beyond a shadow of a doubt that trickle-down Reaganomics DOES NOT WORK.

End of story.


So do I...you point is???

It has been proven and proven and proven over again that when you lower taxes across the board that the economy takes off...how that proves that Reaganomics as you call it doesn't work then I don't know what does.

We are going to have Jimmy Carter Mach II. And it is going to thrash our economy far worse than it is now.
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Postby Melissa » Sat Sep 27, 2008 11:39 am

Have to agree about the credit card thing, if you use them properly, they do help give you a great credit score. Stopped carrying the checkbook around a while ago when debit cards came out, and then stopped using our debit cards unless they never leave our sight after some friends of ours had their checking account practically drained when someone used one of their debit card #'s. We use credit cards for pretty much everything while we're out, and then pay the entire bill every month. Didn't realize that would help so much in making our credit scores so high, we recently had to replace one of our cars and when we went to buy the newer one, we were told our individual credit scores were each over 800.
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Postby Gin and Tonic Sky » Sat Sep 27, 2008 11:45 am

barrys blowing it tonight with his facial expressions.

God he looks ugly and nasty with that disgusted angry leer on his face when he get s attacked.
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Postby classicstyxfan » Sat Sep 27, 2008 11:48 am

Good for you Melissa, and congratulations ! ( my wife and I are mad because we dipped into the 790's ! )

One of the ways we have been successful has been by not buying more Car than we need...no one envy's our cars, but they get us where we need to be dependably.....could we buy expensive new cars by overextending ? absolutely !
when I had the bad luck of losing my job a few years back, that money I saved sure came in handy, and we were able to continue making payments we were obligated to make.

Life is a series of choices, and we all bear responsibility created by the decisions we make.
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Postby The_Noble_Cause » Sat Sep 27, 2008 11:55 am

Gin and Tonic Sky wrote:barrys blowing it tonight with his facial expressions.

God he looks ugly and nasty with that disgusted angry leer on his face when he get s attacked.


Haven't seen any of that, but McCain sure cracks himself up alot.
He did the same thing throoughout the GOP debates.
Continually flashing that jagged candy corn smile and purple salamander tongue.
I think its a reflex to keep his temper in check.
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Postby 7 Wishes » Sat Sep 27, 2008 11:59 am

SteveForever wrote:The BOOM years we enjoyed with Bill Clinton were because of trickle down Reaganomics....
I don't have an MBA though... :D


This is the most ignorant and false statement I have come across in a long, long time.

Stu, you have insulted me again and again on this thread. You've called me stupid, unknowing, and just flat-out wrong (even though I proved I wasn't). i haven't used that kind of neo-con Rovian bullshit at which your party excels.
But around town, it was well known...when they got home at night
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Postby classicstyxfan » Sat Sep 27, 2008 11:59 am

I wish Obama would quit referring to Sen McCain as "John"


I may not agree with him much, but not referring to him as Sen McCain comes off as disrespecful, and I think that is a mistake.
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Postby Barb » Sat Sep 27, 2008 12:01 pm

Obama speaks to these issues from talking points and cue cards. McCain speaks from experience and expertise. Obama looks clueless and pissed off.
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Postby Melissa » Sat Sep 27, 2008 12:03 pm

classicstyxfan wrote:Good for you Melissa, and congratulations ! ( my wife and I are mad because we dipped into the 790's ! )

One of the ways we have been successful has been by not buying more Car than we need...no one envy's our cars, but they get us where we need to be dependably.....could we buy expensive new cars by overextending ? absolutely !
when I had the bad luck of losing my job a few years back, that money I saved sure came in handy, and we were able to continue making payments we were obligated to make.

Life is a series of choices, and we all bear responsibility created by the decisions we make.


Thanks & congrats to you too, lol :)

Oh our cars are nothing special either, just a couple of boring Toyotas, lol, but who cares, they get us to work and fit our 2 kids, and that's all we need, lol. We've stuck to putting money away every month too since we were married almost 12 years ago, which wasn't easy in the beginning, he's a cop and I'm a nurse and our jobs don't make sh*t for money when you're starting out, lol, but we knew we had to. And we bought a house we knew we could actually afford, instead of one that these banks say people like us are "approved" for :wink: lol. I totally agree with you.
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Postby SteveForever » Sat Sep 27, 2008 12:04 pm

7 Wishes wrote:
SteveForever wrote:The BOOM years we enjoyed with Bill Clinton were because of trickle down Reaganomics....
I don't have an MBA though... :D


This is the most ignorant and false statement I have come across in a long, long time.

Stu, you have insulted me again and again on this thread. You've called me stupid, unknowing, and just flat-out wrong (even though I proved I wasn't). i haven't used that kind of neo-con Rovian bullshit at which your party excels.


Maybe you don't understand it? :D
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Postby SteveForever » Sat Sep 27, 2008 12:05 pm

classicstyxfan wrote:I wish Obama would quit referring to Sen McCain as "John"


I may not agree with him much, but not referring to him as Sen McCain comes off as disrespecful, and I think that is a mistake.


Yes, absolutely!
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