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Banks, Credit Unions, and Fees: Oh my!

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  • #91
    Re: Banks, Credit Unions, and Fees: Oh my!

    Originally posted by Priceless View Post
    I guess it's just luck that the people ripping the band-aid off are "job creators" and those suffering the pain are...um...not.
    Not really.

    Job Creators have an easier job creating as their taxes go to zero. We're just not doing a good enough job for them.
    **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

    Originally Posted by dropthatpuck-Scooby's a lost cause.
    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

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    • #92
      Re: Banks, Credit Unions, and Fees: Oh my!

      Subscribed because if I don't, my bank is going to charge me a $5 fee.
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      • #93
        Re: Banks, Credit Unions, and Fees: Oh my!

        Originally posted by Priceless View Post
        I guess it's just luck that the people ripping the band-aid off are "job creators" and those suffering the pain are...um...not.
        Yeah, I mean, why should we allow luck to have any hand in things when we could just have a powerful nanny state step in and enforce equality of outcome for all?

        The homeowners signed contracts, and those still mean something. If there are instances of fraud, false advertising, or negligence on the part of the lenders, by all means bring those specific cases to light and prosecute to the full extent of the law. But if the government gets into the habit of broad-brush meddling in legal contracts, the markets will tank in a way that would make the ride so far seem like a kiddie coaster. Investors hate uncertainty - that's why contracts exist in the first place. If they have to start doubting the certainty of contracts in the US, they will turn to other markets so fast it will make your head spin. Maybe (just maybe) then people would start to realize how many American jobs actually *do* depend on having a strong Wall Street underwriting Main Street.
        If you don't change the world today, how can it be any better tomorrow?

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        • #94
          Re: Banks, Credit Unions, and Fees: Oh my!

          I have a Modest Proposal: If the government wanted to actually fix the problem they should just borrow the tillions that it would take to pay off everyones existing first mortgage. Banks win, homeowners win, politicians get reelected, and the housing market and broader economy get saved. Sounds like a win-win to me. The resulting economic boom will allow us to pay off the debt in no time flat.

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          • #95
            Re: Banks, Credit Unions, and Fees: Oh my!

            Originally posted by Almington View Post
            I have a Modest Proposal: If the government wanted to actually fix the problem they should just borrow the tillions that it would take to pay off everyones existing first mortgage. Banks win, homeowners win, politicians get reelected, and the housing market and broader economy get saved. Sounds like a win-win to me. The resulting economic boom will allow us to pay off the debt in no time flat.
            So this is similar in tone and intent to the original "A Modest Proposal" in response to "the Irish Problem" eh?

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            • #96
              Re: Banks, Credit Unions, and Fees: Oh my!



              The Marines use...um..."colorful" language so this clip may be NSFW. (I know..a Marine cursing? What the?)

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              • #97
                Re: Banks, Credit Unions, and Fees: Oh my!

                How dare they besmirch a real American hero like Sean Hannity. I weep for this nation.
                **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

                Originally Posted by dropthatpuck-Scooby's a lost cause.
                Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

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                • #98
                  Re: Banks, Credit Unions, and Fees: Oh my!

                  Originally posted by Almington View Post
                  I have a Modest Proposal: If the government wanted to actually fix the problem they should just borrow the tillions that it would take to pay off everyones existing first mortgage. Banks win, homeowners win, politicians get reelected, and the housing market and broader economy get saved. Sounds like a win-win to me. The resulting economic boom will allow us to pay off the debt in no time flat.
                  Wow...it's been almost two hours and no one has screamed "Socialism!" yet...such restraint from this crowd

                  Needless to say, this idea has my backing, for what little its worth.

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                  • #99
                    Re: Banks, Credit Unions, and Fees: Oh my!

                    What ever happened to people being able to think for themselves, making intelligent decisions to better their lives, and being accountable for bad decisions?

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                    • Re: Banks, Credit Unions, and Fees: Oh my!

                      Originally posted by FlagDUDE08 View Post
                      What ever happened to people being able to think for themselves, making intelligent decisions to better their lives, and being accountable for bad decisions?
                      Let me explain to you how this works: you see, the corporations sit there in their... in their corporation buildings, and... and, and see, they're all corporation-y... and they make money.
                      If you don't change the world today, how can it be any better tomorrow?

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                      • Re: Banks, Credit Unions, and Fees: Oh my!

                        Originally posted by LynahFan View Post
                        Let me explain to you how this works: you see, the corporations sit there in their... in their corporation buildings, and... and, and see, they're all corporation-y... and they make money.
                        You are darn lucky I'm at work, or I would SO recite the speech about d**ks, p***ies and a****les.

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                        • Re: Banks, Credit Unions, and Fees: Oh my!

                          Originally posted by FlagDUDE08 View Post
                          What ever happened to people being able to think for themselves, making intelligent decisions to better their lives, and being accountable for bad decisions?
                          You're describing most of the middle class. The middle class that's left anyway. They did all that and they're still not getting anywhere. Read The Two Income Trap, it's all in there.
                          **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

                          Originally Posted by dropthatpuck-Scooby's a lost cause.
                          Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

                          Comment


                          • Re: Banks, Credit Unions, and Fees: Oh my!

                            Originally posted by Almington View Post
                            I have a Modest Proposal: If the government wanted to actually fix the problem they should just borrow the tillions that it would take to pay off everyones existing first mortgage. Banks win, homeowners win, politicians get reelected, and the housing market and broader economy get saved. Sounds like a win-win to me. The resulting economic boom will allow us to pay off the debt in no time flat.
                            You're not truly reducing anyone's burden by doing this, it's just a transfer from personal debt to public debt. In fact, it would add so much money to the public debt that the government couldn't even pretend to handle the interest rate payments without cutting either the budgets to or cancelling a whole slew of other programs.

                            ETA: And the creation of so much debt would create so much newly created money in the economy that the dollar would tank even more so than it already has. The subsequent inflation - should the economy ever become healthy again - would be very severe. The inflation would act as a destabilizing force and put us right back to where we started. In fact, a number of economists are worried about this already, after the Fed's Quantitative Easing 2 actions, and that the only reason we're not seeing high inflation at the moment is because both the United States and the European Union are both suffering tough economies at the moment.
                            Last edited by St. Clown; 10-11-2011, 11:42 AM.
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                            • Re: Banks, Credit Unions, and Fees: Oh my!

                              Originally posted by St. Clown View Post
                              You're not truly reducing anyone's burden by doing this, it's just a transfer from personal debt to public debt. In fact, it would add so much money to the public debt that the government couldn't even pretend to handle the interest rate payments without cutting either the budgets to or cancelling a whole slew of other programs.
                              And they can handle it with the public debt as it is now?

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                              • Re: Banks, Credit Unions, and Fees: Oh my!

                                Originally posted by FlagDUDE08 View Post
                                What ever happened to people being able to think for themselves, making intelligent decisions to better their lives, and being accountable for bad decisions?
                                It died a long time ago. Plus the people cant be trusted to make decisions anymore because the people are uneducated buffoons. These are the people who had minimum wage jobs and got $100k houses and wonder why they cant make their payments.

                                But lets not pretend this is just on the people...the banks made a ton of idiotic decisions and they were bailed out as were many other businesses. Since supposedly the banks and corporations are people too, shouldnt everyone have the right to be bailed out just like them? (my guess is this question will **** of Lynah)

                                The government should have bailed out the people not the banks. People are dumb they would have spent the money right away which would have at least caused a blip in the economy. The banks are just sitting on the money happy to never lend out a dollar.

                                (and no I dont believe in the OWS protest so please dont lump me in with them)

                                edit to add: I am in a really bad mood my post is darker than intended but my point stands.
                                Last edited by Handyman; 10-11-2011, 11:49 AM.
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