Social justice idiocy aside, the plan also calls for incentivizing home ownership for people who really shouldn't be putting that kind of money on the line. The exact same set of incentives are what led to the subprime mortgage crisis because the Clinton administration couldn't get it out of their heads that not everyone needs to take out a $250,000 mortgage. They learn absolutely nothing from history.
Its intentional, they are going to use this to make a new set of indefinite loans to wall street. The banks are already operating under algorithms that plan on bailouts so this will be the 'excuse' for the 'too big to fail'.
Me and my dad agree on most things, politically. But he still holds to Hanlon, while I've reached the point I no longer care if it's malice or stupidity, it needs to be punished as if it were malice. After all these "Oops, it was a mistake in our favor, lol" incidents, it's clear stupidity is the perfect disguise for malice.
What's the point of their intention if the result is the same? If you are so stupid you can accidentally convince people you are malicious, you deserve to be treated as if you are.
Hanlon's is a coward's excuse to never have to hold anyone accountable.
Its as the others in this thread have said: They learned from history alright. They learned they can fleece the most productive people in the country in perpetuity with no consequence. Why wouldn't they do it again and again?
Already moved more money offshore to a nice tropical island that we can afford to buy citizenship and enough to live comfortably there. I can ship the Mrs. and Daughter off if needed so I can do what will need to be done...
Social justice idiocy aside, the plan also calls for incentivizing home ownership for people who really shouldn't be putting that kind of money on the line. The exact same set of incentives are what led to the subprime mortgage crisis because the Clinton administration couldn't get it out of their heads that not everyone needs to take out a $250,000 mortgage. They learn absolutely nothing from history.
Its intentional, they are going to use this to make a new set of indefinite loans to wall street. The banks are already operating under algorithms that plan on bailouts so this will be the 'excuse' for the 'too big to fail'.
I'd say "malice" instead of greed, but sure. I no longer buy into Hanlon's Razor as a useful measuring stick.
Me and my dad agree on most things, politically. But he still holds to Hanlon, while I've reached the point I no longer care if it's malice or stupidity, it needs to be punished as if it were malice. After all these "Oops, it was a mistake in our favor, lol" incidents, it's clear stupidity is the perfect disguise for malice.
What's the point of their intention if the result is the same? If you are so stupid you can accidentally convince people you are malicious, you deserve to be treated as if you are.
Hanlon's is a coward's excuse to never have to hold anyone accountable.
I just say that Hanlon's Razor cuts both ways. I guess it's a double sided razor?
Its as the others in this thread have said: They learned from history alright. They learned they can fleece the most productive people in the country in perpetuity with no consequence. Why wouldn't they do it again and again?
Good point. Consequences for thee but not for me.
The new rat race: can you make enough money to keep you and your family one step ahead of the parasite classes?
Man, when you start thinking about our impending socialist America in terms of strategic opposition, it's hard not to despair.
Already moved more money offshore to a nice tropical island that we can afford to buy citizenship and enough to live comfortably there. I can ship the Mrs. and Daughter off if needed so I can do what will need to be done...