[romanP]

Pseudonym Pseudonym:

romanP romanP:

How does getting rid of laws make anyone more accountable? Deregulation is what got us to this point. The rules for who could receive loan money were wiped out, so any schmuck that wanted a mansion could take out a mortgage, even if they could never hope to pay it back.

Regulation was created which erased the standard commonsense capitalist rules for loans. Removing said regulation would have prevented such a situation. Removing regulation = deregulation

Yes, I know what deregulation means, dummy. It appears that you don't, unfortunately, since you contradicted yourself in your first sentence. Regulation was created that got rid of regulation? Try again.

[BartSimpson]

romanP romanP:

BartSimpson BartSimpson:

romanP romanP:

So, you're going to ape Hitler?

Yes, I'm going to put all the Jews into death camps.

It's no secret that you've spoken at length about your desire for killing all Muslims. So, yeah. About that...

Hitler was an ally of the Muslims so you're accusing me of allying with the Muslims despite my past hostility to them?

Again, let me say

[Pseudonym]

romanP romanP:

Pseudonym Pseudonym:

romanP romanP:

How does getting rid of laws make anyone more accountable? Deregulation is what got us to this point. The rules for who could receive loan money were wiped out, so any schmuck that wanted a mansion could take out a mortgage, even if they could never hope to pay it back.

Regulation was created which erased the standard commonsense capitalist rules for loans. Removing said regulation would have prevented such a situation. Removing regulation = deregulation

Yes, I know what deregulation means, dummy. It appears that you don't, unfortunately, since you contradicted yourself in your first sentence. Regulation was created that got rid of regulation? Try again.

Common sense = Don't loan to people with bad credit.
Regulation = You must loan to people with bad credit.
Do I need to be any clearer?

[romanP]

Pseudonym Pseudonym:

romanP romanP:

Pseudonym Pseudonym:

You questioned the humanity (i.e. dehumanized) the individual who wrote the page that I posted for our collective amusement. It's a fairly clear connection.

How would that make me willfully ignorant and a bigot?

1.From your signature:

$1:

belittle and dehumanise that which you do not understand

What is ignorant and bigotted about that?

$1:

1.From your statement, page 5:

$1:

I would be ashamed to call myself a human being if I wrote any of that.

Well, yes. I would be ashamed to call myself a human being if I wrote something so completely ignorant of history, devoid of facts, and belittling and dehumanising people I disagreed with because I had no intention of understanding their point of view. Those people were claiming that the King James bible was the first and only bible, and that liberals are stupid for being liberals.

$1:

1.From another statement, page 5:

$1:

I didn't write that because I advocate doing it. I wrote that as a matter of pointing out the intellectual inadequacies of the willfully ignorant. Attempt to talk to any bigot about any subject in a rational manner, and that is the response you can expect: belittling and dehumanisation of that which it does not understand.

Again, what is ignorant and bigotted about this? Do you even have any idea? It seems that every time I ask this, you dig yourself a deeper hole where I bury you alive with the fact that you have no idea what you're talking about.

$1:

Conclusion: ?

I don't know, you're the one making the accusation, so you tell me. So far, you're batting zero for zero, and I'm hitting you over the head with sledgehammer. Put a little more thought into it, that might help. See, I thought about what my signature line means before I wrote it, and I can clearly define it. You, on the other hand, have to keep asking me what it means even after I've already told you.

[BartSimpson]

Pseudonym Pseudonym:

Common sense = Don't loan to people with bad credit.
Regulation = You must loan to people with bad credit.
Do I need to be any clearer?

He still won't get it. Just watch.

[romanP]

BartSimpson BartSimpson:

romanP romanP:

BartSimpson BartSimpson:

Yes, I'm going to put all the Jews into death camps.

It's no secret that you've spoken at length about your desire for killing all Muslims. So, yeah. About that...

Hitler was an ally of the Muslims so you're accusing me of allying with the Muslims despite my past hostility to them?

Don't play stupid, Bart. If you had the power to do so, it's no secret that you would round up Muslims and have them all killed, just as Hitler rounded up and killed and many Jews as he could.

[romanP]

Pseudonym Pseudonym:

Common sense = Don't loan to people with bad credit.
Regulation = You must loan to people with bad credit.
Do I need to be any clearer?

No, it's loud and clear. You have no idea what deregulation means.

[Pseudonym]

BartSimpson BartSimpson:

Pseudonym Pseudonym:

Common sense = Don't loan to people with bad credit.
Regulation = You must loan to people with bad credit.
Do I need to be any clearer?

He still won't get it. Just watch.

High-fives!
Or is that fifths? That might be a bit much.

[Scape]

BartSimpson BartSimpson:

Scape Scape:

BartSimpson BartSimpson:

Actually, what we've seen is the fallout of well-meaning regulations that were turned on their head by greedy, self-serving pricks from Wall Street.

De-regulation, oddly, would've restored the accountability the banks used to have for their lending practices.

The men who got millions while the banks lost Billions

When capitalism becomes cannibalism then it is not regulation but lack of regulation that is the culprit. Capitalism gone wild will eat itself. Where are the Bankers bonuses coming from? The wake of their own gargantuan losses! In Canada we are sitting pretty with the best banking system in the world. We may quibble about them making obscene profit but we know the banks will weather this storm. They get to be profitable with regulations. What deregulation has made the US system stable?

The Community Reinvestment Act (CRA) is a regulation that needs to be repealed in order to restore the banks to their previous levels of fiduciary accountability.

This bit of 'de-regulation' would result in a net re-regulation of the banks which is why I support repealing the CRA.

It was the bad loans that were held by the banks even before this that cause the system to unravel. When loans were sold on blind trust then the whole market went to shit as no one had any idea what anyone had and everyone assumed it was worthless. That's why AIG is being bailed out twice. The CRA wasn't put into effect twice. Your logic is convoluted and feeble.

The reason no one knew what the loans were was a direct result of deregulation.

[hurley_108]

Pseudonym Pseudonym:

Common sense = Don't loan to people with bad credit.
Regulation = You must loan to people with bad credit.
Do I need to be any clearer?

Uh, no. Companies lend to people with bad credit all the time. Payday lenders. Used car sellers. Credit card companies. They just charge people with bad credit higher and higher fees and interest.

There are some loan products out there that are just inherantly bad. 50 year mortgages. Reverse amortization mortgages. They tried some such things here for a couple years until a few months ago the government said no more.

Companies will sell whatever products they are allowed to whether or not its a good idea.

[Scape]

Unless there is a run on the banks or they go Zombie

[Pseudonym]

hurley_108 hurley_108:

Uh, no. Companies lend to people with bad credit all the time. Payday lenders. Used car sellers. Credit card companies. They just charge people with bad credit higher and higher fees and interest.

There are some loan products out there that are just inherantly bad. 50 year mortgages. Reverse amortization mortgages. They tried some such things here for a couple years until a few months ago the government said no more.

Companies will sell whatever products they are allowed to whether or not its a good idea.

Major banks do not lend out trillions of dollars at high risk unless another power intervenes. Capitalism is self-regulating. Government is not.

[Scape]

Explain how a pyramid scheme self regulates then.

[Pseudonym]

The recent pyramid scheme that collapsed, which was started by the government sponsored enterprises, or another theoretical one with which I have no experience?

[BartSimpson]

romanP romanP:

Don't play stupid, Bart. If you had the power to do so, it's no secret that you would round up Muslims and have them all killed, just as Hitler rounded up and killed and many Jews as he could.

Not all of them. Just the ones who won't swear off world conquest and Sharia Law.

If they say they want to live in peace and then actually do so I have no quarrel with them.

But the ones who want to kill Jews and Americans, yeah, those f**kers are in my crosshairs.