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...
Correct, and the fucking morons in government who think house prices rising faster than inflation is a way to build wealth forever, and not a wealth transfer from younger people to older (and more interest to banks with low rates, double bonus) people.
They want everyone, especially the poor, to be slaves to their house payments.
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...
I'm white and poor does this mean I'm going to become even poorer
Yes.
Surely you've got some drops you can claim somewhere. Americans are muttly, and this is a system that encourages muttliness.
Wow, you mean electing a woman and her senile marionette results in sexism against men?
Next you'll tell me Hitler hated Jews!
holy shit.... I thought he was talking about Juice
Kind of a crying shame that this joke works not at all in German.
Any and all of you who voted not Trump for any reason are fucking morons.
but muh 1%!!!1!1!1
Nope nope nope nope nope.
Fuck right off you geriatric pedophile.
of course he is... hes backed by china after all
This is just intersectionalism with data collection. The problem is the former, not the latter.
So we doing the same shit that cause the last housing crash.
Correct, and the fucking morons in government who think house prices rising faster than inflation is a way to build wealth forever, and not a wealth transfer from younger people to older (and more interest to banks with low rates, double bonus) people.
They want everyone, especially the poor, to be slaves to their house payments.
YouTube link: https://www.youtube.com/watch?v=cadNySpwyCI
What are the odds the election meddling was china,
but that is being kept quiet, because it would trigger ww3?
Doesn't matter.
I don't need a credit score to perpetuate inequity.
All I need is a zip code.
Good idea!