[PiP.Squeak]

Originally Posted by joshdance »

Can we please close this thread and file it away under "propaganda"? I'm disappointed that the moderators of this thread would headline the newsletter with this crap.

I COULDN'T AGREE MORE!

Notice the web address, No bias there!
"http://english/.aljazeera.net"

4 guys? Really? What about the hundred of thousands of people who lied when they took out those mortgages and said "yea I can afford that" and "absolutely yes I promise to pay you back"? What about the thousands of lenders, developers, real estate agents, brokers and sales people that said "don't worry I'll show you how you can buy it with NO money down" and "don't worry the price of houses always goes up, if you can't afford it you can roll it over in a year or so to one you can afford"

Liars lying to people who put profits before ethics and common sense.

Or how about Freddy and Fannie's role in guaranteeing those mortgages so that the bankers could bundle them and sell them as "A" rated loans, and then not being able to cover them?

I wish it was only FOUR guys that did something unethical. We would just punish them and be done with it.

But it's not. Its the millions of people from main street to wall street trying to find a short cut to wealth.

This is pure politically biased junk that has NOTHING to do with trading. How about we leave the political BS to a political site!!!!! I want to come here to learn and share about investing and trading not politics. We don't need that bias, America bashing crap here. If I want to read that I'll go to "http://english/.aljazeera.net"

[MightyMouse]

Originally Posted by PiP.Squeak »

I COULDN'T AGREE MORE!

Notice the web address, No bias there!
"http://english/.aljazeera.net"

4 guys? Really? What about the hundred of thousands of people who lied when they took out those mortgages and said "yea I can afford that" and "absolutely yes I promise to pay you back"? What about the thousands of lenders, developers, real estate agents, brokers and sales people that said "don't worry I'll show you how you can buy it with NO money down" and "don't worry the price of houses always goes up, if you can't afford it you can roll it over in a year or so to one you can afford"

Liars lying to people who put profits before ethics and common sense.

Or how about Freddy and Fannie's role in guaranteeing those mortgages so that the bankers could bundle them and sell them as "A" rated loans, and then not being able to cover them?

I wish it was only FOUR guys that did something unethical. We would just punish them and be done with it.

But it's not. Its the millions of people from main street to wall street trying to find a short cut to wealth.

This is pure politically biased junk that has NOTHING to do with trading. How about we leave the political BS to a political site!!!!! I want to come here to learn and share about investing and trading not politics. We don't need that bias, America bashing crap here. If I want to read that I'll go to "http://english/.aljazeera.net"

Do you really think that hundreds of thousands of people walked into mortgage brokerage offices and lied or could it be that mortgage brokers advertized $750,000 loans at $1200 a month in poor neighborhoods? Could it be that when a borrower wondered if he would qualify for the loan, the broker said, don't worry about it, you don't need to show income or assets to get the loan. A lot of these borrowers were people who never owned a home before. Its called predatory lending.

Lenders hired unskilled and unqualified brokers to sell mortgages that were unstable to people who could not understand them.

By chance during the same time period, a few investment banks were speculating in CDS without understanding them and we, the people of the USA, immediately helped them out. So that they wouldn't lose their banks, jobs, or houses.

[Avarice]

Originally Posted by PiP.Squeak »

I want to come here to learn and share about investing and trading not politics.

I haven't watched the video so I'm not endorsing anything.

But discussing investment strategies in the current environment without at least a certain degree of consciousness of events that brought us here seems an exercise in futility to me. Maybe you'd be better off trying another venture, riches galore await the bold.

[Tradewinds]

Originally Posted by PiP.Squeak »

What about the hundred of thousands of people who lied when they took out those mortgages and said "yea I can afford that"

A lot of people loosing their homes, lost their jobs. They were paying their mortgage when they had a job. There are people who took out mortgages years before all these recent loans got pushed through who are loosing their homes.

[Tams]

the financial system needs a re-work.

too many unscrupulous people doing the legal robbery. This has to stop.

I hope the wall street protest will bring about some changes.

[zdo]

Don’t you just love it when a poster says you can’t blame 4 men and recent history, then comes along a little bit later and turns right around and blames even more recent history and just one 'useful idiot' for bringing us down
11 Reasons Why Occupy Wall Street Protesters Are Hypocrites If They Do Not Call For Barack Obama To Resign

[zdo]

Originally Posted by Tams »

I hope the wall street protest will bring about some changes.

Biiwii: Zombie Go Home

[Tams]

Originally Posted by zdo »

Biiwii: Zombie Go Home

good article.

he's right... they are 10 years late,

but in my opinion, better late than never.