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Admin
Admin
It's not even as complicated and conspiracy-related as that. It was caused by the greed of a bunch of people who saw an opportunity to make a quick buck as the system they were part of allowed such a practice. By the time it all fell to pieces, they'd made their pile and were onto the next scheme to enrich themselves at the expense of others.
The fact that they got away with it was at least partly due to the social / moral / political environment which encouraged the philosophy "greed is good". Now, those people who espouse that philosophy are the ones that really need to be exterminated like vermin.
Admin
perhaps:
http://en.wikipedia.org/wiki/Sayre%27s_law
this should help
Admin
Healthcare can be the same way the doctors are right even when they are stupid. Eg. had one, a good doctor I'm sure but lacking in sense, that had a workstation by his feet at his desk.
He kept getting his feet tangled in the monitor cable and the screen would go green as the cable got lose (didn't help to tighten it, it eventually loosened over time).
Move the computer? No.
Realize this is the same thing that happened the last 3 times and just push the cable back in? No.
Page IT and complain that the computer is broken again. That is your answer :) He also had a nurse that was responsible for putting his network cable into his laptop whenever he moved it (before wireless was popular/fast enough) because the "internet wasn't working again".
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Even the organizations came out ahead though! They made terrible bets, lost everything, then got it all repaid by the US taxpayer! Meanwhile, they then go and repossess the houses from the very same taxpayers! So if someone can't pay their loan, the bank gets the loan paid off by us, AND they get what the loan was spent on back from us too!
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You, sire, are my hero for the day
Admin
Democratic does not require that the threshold for accepting a measure is 50%+1. It could be 100%. Then it's consent-based and democratic.
But really, you don't need that. We have PLENTY of smaller organizations that already meet these criteria. People propose ideas, they discuss those ideas, then they vote on those ideas. And when people have extreme disagreements with those ideas, they aren't required to participate -- but in general most people will willingly support an idea that they may not consider perfect not because they are being threatened with violent force, but simply because they realize this must be done by the group as a whole and they are better off supporting the compromise. That is, for example, how ALL true grass-roots activism works. No reason society couldn't work the same way.
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Also, they're now considering suing the US government, so they can have THREE rounds off profit off of the US citizens. Seems like they came out ahead to me!
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-Harrow.
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of course they are fallible, and what happens in a free marked is, that those orgs pay the price for their mistakes and be replaced by better ones, no problem there.
In the corporatist/socialist/fascist/callitwhatyouwant world we live in, we just bail them out. As these banks can't fail, those loans were actually profitable (because any loss gets paid by a third party: you & me), so they actually did act in their own interest.
And just to make things clear, free market proponents like me do not think, that market participants are infallible - quite to the contrary, this is just a lame straw man. but who do you think makes regulations if not groups of fallible human beings? what do you think constist governements of? This is exactly the reason we why should be extremely reluctant to them coercive power over us and our fellow human beings.
Admin
Well, in case you didn't notice: Lehman Brothers was not bailed-out and the rest of the world had to learn a lesson: What happens when banks grow so large that "too big too fail" becomes reality.
"Lehman Brothers" was not even the biggest of them and free markets always result in big companies becoming bigger companies.
So much for unregulated markets!
Admin
Even had one senior researcher telli=ng me while I was designiong and supporting video equipment for PCs that all camera have ONE pixel.
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It's logical to conclude that anything going wrong was somebody else's mistake. The person only knows a very narrow subject, and nothing else. So, he can't know why things are wrong.
Admin
True, but I bet you still recognize the sounds and what they mean once it gets going. beep bop squeal ahh..there's the handshake
Admin
Serious question here and not trying to troll ( though definitely off article topic ) : When I bought my house in 2006, I had a stated income loan. Why ? Because I had been working abroad fro years and all my paystubs were in Dutch. I offered them to the bank to translate and to even have them translated myself, but they said no need. Even to me , this felt wrong. They also approved us for $150,000. When we informed them we found a house for $120,000, they offered to add more to help us "remodel". We said "no thanks". Even so, we had to get PMI. It was mandatory because of the ratio of down payment to loan.
Joe get's a loan, pays for 3 years. Most of it goes to interest and not principle ( bank gets fee upfront ). So PMI is in still in place. Joe defaults. Bank takes house.
So here is the question: for all those people who "got loans with almost no money down and defaulted", weren't the banks covered by PMI ? Even if they cannot sell the house for what the loan was ( prices droppped ), they are covered from loss by the insurance.
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Admin
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It's peasants who can't get hoes for free who can't afford to buy hoes. Poor, poor peasants.
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What the hell? Another comment section destroyed by free-market circle jerking? Just shut it all down already.
Admin
Actually the problem wasn't either the mortgage lenders or the loan takers. It was the sub prime lenders who KNEW they were taking bad or risky mortgages in bulk, sprinkling them with a few good investments and selling them as if they were great (lying) and then betting against the investments they just sold.
So neither of you are correct.
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As in The Doctor? Oh dear, better get to work on that right away. :P
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Yeah, that's a Unix computer. Sure.
Admin
My guess: meta-troll. The OP was one of the more insightful posts in this thread.
Admin
I've had supporting modem pool for some time. And the No.1 source of "unable to connect" is "the user is using the phone line to talk to you/other people".
He should probably ask if she is using the same line to dial modem to phone him first...
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Admin
Thank you. Yeah, I don't know why he called me a troll. I'm a registered account with a verified posting history (feel free to check). And the story was absolutely true.
Back in those days my provider (Fido) was all about competitive and fair cell phone rates, so my long-distance fees even from the States to Canada were along the lines of 20 cents per minute. That means that a dialup connection long enough to download a pile of POP3 email -- say 5-10 minutes -- only cost a buck or two.
Compare this with today's 3G international roaming rates. It's ridiculous. And Fido was bought up by its major competitor, Rogers, and slowly started raising all its rates until they are now just as non-competitive as everyone else.
Two steps forward, one step back.