Dawkinsrocks
Well-Known Member
The sub prime loans were made by crooks for profit
There was no government ruling demanding it
Your bankers are thieves
There was no government ruling demanding it
Your bankers are thieves
The sub prime loans were made by crooks for profit
There was no government ruling demanding it
Your bankers are thieves
Ohh does it really have to be this hard?
Look the loans were incredibly irresponsible which I admit it is not a crime
Realising all of the profit on these grim 25 year loans allowing for no default even though that was inevitable is fraud.
When the banks bought and traded these fraudulent companies and realised what a pile of crap they had picked up they packaged them up into complex portfolios called CDOs and pressured the rating agencies into giving them triple A ratings so they could sell them on for huge sums
That is fraud by the banks and fraud by Standard and Poor and by Moody.
Now, is that clear to you?
I know you are desperate to blame the government for the suffering of these poor bankers but that is because your judgement is clouded by your extreme right wing views.
You are being manipulated and the puppet master is taking advantage of your ignorance and gullibility.
The same strident, overheated rhetoric.Exactly, and the loans were to people on tiny incomes for huge sums of money made viable by the fact that tehre was no repayment required.
''It's clear you don't understand this at all''
WOW what a refutation. I hadn't considered the 'you don't understand it' argument
You know what
You are absolutely...wrong
With regard to examples, I don't live in the US and have never taken a mortgage out there nor do I have anything to do with US citizens
If you are not aware of the state of the loans made under the banner of sub prime then you should read more and write less.
And if the loans I am talking about were not made...how did the mortages go so specactulalrly bad in your view and how did the banks lose a trillion dollars. requiring the poor to pay off their debts?
I am really looking forward to hearing this
Oh, maybe not, I forget, you just cut and paste huge boring articles from idioticargumentsfornazis.com
That still isn't a refutation
Rather it is an effort to appear superior as a cover for being bereft of argument.
You live there and you have no idea what is happening in your own backyard
Fox news is not a reliable source you know
Au contraire
Oh dear
The sub prime mortgage fiasco and the fraudulent packaging and selling of these toxic debts took a trillion dollars out if the west's economies
This fraud was committed by bankers under the bush administration
And the poor have to pay
Because the banks run the US with support from the media