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Wisconsin vs Total Recall

Re: Wisconsin vs Total Recall

St. Clown said:
And what have YOU done to account for that? My investments have recovered since the market correction. In fact, I'm up since then. Stop blaming everyone else for your situation in life and do something about it. Everything you post around here is that everyone around you is corrupt and causing you harm. Guess what - life is dangerous. Be a man. Save yourself.
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I can control what I can control and that's it. I do the best I can with what I control. I refuse to try to control what I can't control.

My investment recovered as well. It's up, although ever so slightly. But it's an abysmal failure overall, and that's my overall point. Ultimately I don't have the time nor the resources to fully recover from what was wrought in 2008. I'll do the best I can though, just for you.
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
I can control what I can control and that's it. I do the best I can with what I control. I refuse to try to control what I can't control.

My investment recovered as well. It's up, although ever so slightly. But it's an abysmal failure overall, and that's my overall point. Ultimately I don't have the time nor the resources to fully recover from what was wrought in 2008. I'll do the best I can though, just for you.
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Would you like some cheese?
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
LOL

I invested properly and according to all the rules and advice that everyone had. It didn't matter. It's a scam, just like everything else is. They lied to us then, and they're lying to us now.
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Did you miss the part about risk? I think it was always pretty up front that there was always a chance the values could go down. Take the rest of your money now and stash it in your mattress. It's the only safe place where those big bad bankers can't get it from you.
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
I can control what I can control and that's it. I do the best I can with what I control. I refuse to try to control what I can't control.

My investment recovered as well. It's up, although ever so slightly. But it's an abysmal failure overall, and that's my overall point. Ultimately I don't have the time nor the resources to fully recover from what was wrought in 2008. I'll do the best I can though, just for you.
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You are starting to sound like a Baby Boomer...
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
Banks (private enterprise) did more to destroy my retirement savings then government ever did. And the banks that did it I don't even use. But, you get down with your bad self on your no-brainers. I along with millions of middle class folks did everything right and still got screwed.
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I don't understand. Private enterprise is a bad thing because you made a bad investment? If you want to call bad investments proof that corporations are somehow eeeeeeevil, you might want to look at the average returns made in the stock market over the last century (and indeed, the last 4 years). I guarantee you will be surprised.
And again, you're disproving your own earlier point about which is more accountable to the people (corporations vs. government) when you admit that you can choose which companies to invest in. FAIL.

For example, did anyone threaten you with wage garnishments or jail time if you refused to invest in a financial corporation at a time when every thinking person in the world knew that financial corporations were floating on a huge and incredibly risky bubble? There's your answer.
 
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Re: Wisconsin vs Total Recall

Tiggsy said:
Did you miss the part about risk? I think it was always pretty up front that there was always a chance the values could go down. Take the rest of your money now and stash it in your mattress. It's the only safe place where those big bad bankers can't get it from you.
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He's like many Americans. He expects all the upside, but also expects to be protected against any downside.
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
So, the banks didn't do anything wrong. It was just capitalism. Got it.
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The worst outcome of the financial crash is that the banks who failed were rewarded for it by the federal government bailout. So again, government stepped in to prevent capitalism from happening at all. If there were actual working capitalism, a lot of crooks would be out of business and in the poorhouse right now.
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
So, the banks didn't do anything wrong. It was just capitalism. Got it.
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So do you throw blame around if you buy a lottery ticket and don't win? Not exactly the same but there are a lot of similarities. The worst that can happen is you lose whatever you gave to them. Come to think of it, the lottery is often a state run program. You could invest in that to support the government.
 
Re: Wisconsin vs Total Recall

Bob Gray said:
So you admit you only expect the upside. Gotcha.
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No. I expect a fair playing field when it comes to criminal activity. We supposedly live in a place that is governed by laws. I guess everyone else fails to see that. It has nothing to do with upside. If what occurred in 2008 was legal and I lost all my money I'd have nothing to ***** about. What happened was illegal, and no one got punished for it.
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
No. I expect a fair playing field when it comes to criminal activity. We supposedly live in a place that is governed by laws. I guess everyone else fails to see that. It has nothing to do with upside. If what occurred in 2008 was legal and I lost all my money I'd have nothing to ***** about. What happened was illegal, and no one got punished for it.
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You took the upside of a bubble market happily, as noted by your claims you should get back to your 2008 peak, but when the bubble bursts and things tumble, you don't take the downside. Really though, the entire stock market trajectory has been juiced for a good while now by deficit spending and all. Investing in the stock market has a lot of similarities to gambling.
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
No. I expect a fair playing field when it comes to criminal activity. We supposedly live in a place that is governed by laws. I guess everyone else fails to see that. It has nothing to do with upside. If what occurred in 2008 was legal and I lost all my money I'd have nothing to ***** about. What happened was illegal, and no one got punished for it.
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How is investing in mortgage backed securities illegal? Did the banks see the collapse of the housing market as an imminent event? No. How's writing a mortgage loan illegal? Products were available to help those with less income afford a home. What would have happened if the mortgage companies refused to lend to people like that - especially when times were overall good?
 
Re: Wisconsin vs Total Recall

St. Clown said:
How is investing in mortgage backed securities illegal? Did the banks see the collapse of the housing market as an imminent event? No. How's writing a mortgage loan illegal? Products were available to help those with less income afford a home. What would have happened if the mortgage companies refused to lend to people like that - especially when times were overall good?
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Exactly. No one did anything wrong. It's my fault. Thanks for clearing that up. I'm done with this subject now.
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
No. I expect a fair playing field when it comes to criminal activity. We supposedly live in a place that is governed by laws. I guess everyone else fails to see that. It has nothing to do with upside. If what occurred in 2008 was legal and I lost all my money I'd have nothing to ***** about. What happened was illegal, and no one got punished for it.
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ScoobyDoo said:
Exactly. No one did anything wrong. It's my fault. Thanks for clearing that up. I'm done with this subject now.
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Do you even know what T F your point is? I sure as hell don't, except that you are pizzed that you lost money in the market crash and seem to hang all responsibility on "banks."
 
Re: Wisconsin vs Total Recall

ScoobyDoo said:
Exactly. No one did anything wrong. It's my fault. Thanks for clearing that up. I'm done with this subject now.
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If you had an investment advisor, you could share some of the blame with them. Other than that, it's all pretty much on you. No one forced you to hand over any money and we all know the risks involved. I guess you were sick that day it was all explained. What did you expect? Was it all illegal? Nope. Was it a good idea? Obviously not but you can't get thrown in jail for that when 99% of the people you are dealing with understand there is risk involved.
 
Re: Wisconsin vs Total Recall

If you want a "fair" mortgage market, look to Canada's system. When a person walks away from a mortgage in the USA, that person walks away free and clear. The banks take a loss on that mortgage, the difference between the outstanding value of that mortgage and whatever it can get by reselling the foreclosed property. In Canada, they weren't hit with a giant housing bubble and crash the way we were here. Up there the person purchasing the home will have to repay the bank for the complete mortgage even after foreclosure. Such a policy creates a more responsible home buyer, one who won't over extend his/her ability to repay the mortgage, and therefore won't take great risks that lead to foreclosure. Thus we would have no artificial bubble and subsequently no bust of said bubble.
 
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