Skip to Content. Skip to Navigation.
Welcome Guest Search | Active Topics | Members | Log In | Register

Financial Crisis...who is to blame.... Options
Fire Emblem
Posted: Sunday, September 28, 2008 10:33:54 PM
Rank: Sports Guru
Groups: Member

Joined: 12/31/2007
Posts: 263
Location: The Universe
Was a Warrior wrote:



Oh...I see. Its because the left are so intolerant of people who oppose their collective ideas that they have to run smear campaigns against them because when they actually get into a debate with anyone on the right, they just wilt and are made to look like fools who believe in a failed and un-workable ideology.

But yeah, thanks for showing it once again.


First - you are a *****king nutcase
second - I really dont give a ***** about some old ***** who will only be president for a little while longer, i just like that picture
third - WTF are you smoking mate, and what the hell does this have to do with anything, go to a politics forum (Do they exist)
finally - who really gives a ***** about the U.S presidential election
vieires
Posted: Monday, September 29, 2008 7:59:27 AM
Rank: Sports Guru
Groups: Member

Joined: 10/17/2004
Posts: 1,441
Location: sydney, Australia
Lord Kvlt wrote:
Now, I won't disagree with that. The facts have been laid out on the table, it isn't too hard to see who/what caused the financial meltdown. So it's funny to see it palmed off as simply an "anti-Left agenda" as opposed to a legitimate appraisal of the current state of affairs.


Lol!

We're talking about a debate with Sector here, and not just this one, but any debate with Sector over the last few years.

He delivers lines that would not be out of place in a politcal satire, and he does most definitely have an anti-left agenda, even if its primary purpose is to stir the pot.
vieires
Posted: Monday, September 29, 2008 8:14:15 AM
Rank: Sports Guru
Groups: Member

Joined: 10/17/2004
Posts: 1,441
Location: sydney, Australia
Lord Kvlt wrote:
Now, I won't disagree with that. The facts have been laid out on the table, it isn't too hard to see who/what caused the financial meltdown. So it's funny to see it palmed off as simply an "anti-Left agenda" as opposed to a legitimate appraisal of the current state of affairs.


Yeah thats what i was saying.....you're a proud socialist....

Anyone who calls themselves central is a lefty. And the fact that you dont like the anti-left "agenda" confirms it

Can’t you read you pathetic commie sap??

To blame it on Bush is just more leftist/ socialist/ progressive cowardly propaganda. Step up to the plate commies. Accept responsibility for once in your lives. This is your *****k up

Leftists, turning to the deceit they are infamous for, and with the usual help of their suckholing media plants, are trying to pin this on to the right

leftist/ socialist/ progressive piggies

Read it and weep Socialists






Just a few of Sector's quotes from this page alone.

Certainly no agenda there, just a legitimate appraisal of the current state of affiars...
Lord Kvlt
Posted: Monday, September 29, 2008 2:35:09 PM
Rank: Sports Guru
Groups: Member

Joined: 6/11/2007
Posts: 2,241
Location: Melbourne
Leftist deceit is well-documented, as is their muck-raking campaign against conservatives (and moderates) when they're unable to answer negative points raised against them. All you've highlighted is a bunch of examples of a user goading a reaction out of people - invariably it seems to serve the purpose. If you aren't a socialist/Commie/pinko dog, why insist on biting back when such assertions are made?

Aren't you going to acknowledge the meat & potatoes of his posts ITT, or are you just going to focus on the baiting because it's more convenient?
John Wesley Hardin
Posted: Monday, September 29, 2008 3:36:35 PM
Rank: Sports Guru
Groups: Member

Joined: 8/22/2008
Posts: 251
Location: Toorak
Bush
Capitalism

Oh and Bush
Lord Kvlt
Posted: Monday, September 29, 2008 3:52:45 PM
Rank: Sports Guru
Groups: Member

Joined: 6/11/2007
Posts: 2,241
Location: Melbourne
John Wesley Hardin wrote:
</failed attempt at a witty, insightful riposte>
vieires
Posted: Monday, September 29, 2008 4:29:21 PM
Rank: Sports Guru
Groups: Member

Joined: 10/17/2004
Posts: 1,441
Location: sydney, Australia
Lord Kvlt wrote:


Aren't you going to acknowledge the meat & potatoes of his posts ITT, or are you just going to focus on the baiting because it's more convenient?


It is this baiting that shows his anti-left agenda though, and thats what you attacked me over.

The 'meat and potatoes' of his posts will get no criticism from me, they are meaningful and insightful political observations. I certainly dont agree with a lot of what he says, but when he argues in a rational manner than I wont be complaining.

As I have previously stated, I dont know enough about the situation to start pointing fingers, and no-one has convinced me one way or the other.

These laws that he has quoted prove that the government encouraged lending to lower income families, but thats not to say that they forced banks to lend to people who couldnt afford the repayments, nor is it to say that the government forced investments banks such as Lehman Brothers or Goldman Sachs to invest heavily in Securities backed by dud mortgages.

As you yourself have said, "If you speculate and fail, it's your own damn fault."

aj_mate
Posted: Monday, September 29, 2008 8:32:56 PM
Rank: Sports Guru
Groups: Member

Joined: 6/16/2007
Posts: 784
Location: Brisbane
Ah my good man Sector... Given the recent lack of republican, pro-right threads of a political nature, I was beginning to wonder if you'd started running out email accounts Laughing

But now to the point of your post alleging that the 'lefties' are to blame for the current financial crisis, possibly based in part upon Ron Paul's recent commentary on the situation, which is in fact referenced in the link you provided: Congressman and 2008 Republican presidential candidate Ron Paul has partially attributed the ongoing subprime mortgage crisis to legislation such as the Community Reinvestment Act- note that not even Ron Paul has completely shifted the blame on the CRA.
Why then is it not acknowledged as the supreme overiding reason even by the right?

Firstly one need only realise that the current financial situation is due to a number of other factors other than the approval of subprime homeloans destined to default (however it must be one of the most siginificant), most notably the level of domestic and foreign debt that individuals and businesses in the United States are currently under. In fact in the video Kvlt posted the other day, Paul emphasised that the real problem and solution lies within the spending and saving habits of common US citizens.

Another important fact you conveniently ignored is that although the act was passed by the democrats in 1977, there were two successive Republican governments in power in the following terms. If such legislation was so blatantly flawed and bound to open up the gates to the current state, why then was it not ammended or removed by Reagan and Bush Sr? Given the eight years they had to do so, one can only infer that the right saw no issue with the legislation with which they had the ability to 'correct' to before Clinton could later make his controversial ammendments.

Which brings me to my next point. The said act that states that banks should offer credit throughout the entire market does not apply to independent mortgage companies, those of which are the greatest at fault for approving most of the loans which shouldn't have been and therefore are undoubtedly the greater source of the problem. Thus the application of that act has had a significantly smaller effect on the current situation than you're making it out to be. This is said on the very same page you've referenced and on that very article it provides research to suggest that CRA banks have been less likely to make high cost loans and more likely to retain their original loans: http://www.traigerlaw.com/publications/traiger_hinckley_llp_cra_foreclosure_study_1-7-08.pdf

So given that the page you've referenced pretty much contains all the reasons why the CRA is only a small factor to blame for the current financial situation and not entirely these 'piggy socialist', one must question what your real agenda is on this forum?
I agree with those who have said that given your high output of political threads propagating pro-right Republican ideals (never minding the fact that you're campaigning in the wrong country buddy lol), that maybe you should look into joining a politics forum rather than deceptively looking to coerce people into the same school of political thought as you by purposely leaving gaps out of the whole story.
John Wesley Hardin
Posted: Tuesday, September 30, 2008 12:30:42 PM
Rank: Sports Guru
Groups: Member

Joined: 8/22/2008
Posts: 251
Location: Toorak
Capitalism has as one of its main tenants, allowing businesses to fail, so they or their business can be swallowed up by the strong.
So let them fail or give up believing in Capitalism.

But don't be so hypocritical as to use Socialist methods to bail them out.


Lord Kvlt
Posted: Tuesday, September 30, 2008 8:39:14 PM
Rank: Sports Guru
Groups: Member

Joined: 6/11/2007
Posts: 2,241
Location: Melbourne
So happy that the US Congress shafted that bailout deal. A major win for economic responsibility.
vieires
Posted: Tuesday, September 30, 2008 8:48:02 PM
Rank: Sports Guru
Groups: Member

Joined: 10/17/2004
Posts: 1,441
Location: sydney, Australia
Lord Kvlt wrote:
So happy that the US Congress shafted that bailout deal. A major win for economic responsibility.


Wonder how the market would have performed had the bill been passed?
jameshunter1
Posted: Wednesday, October 01, 2008 3:49:10 AM
Rank: Sports Guru
Groups: Member

Joined: 8/7/2008
Posts: 1,007
Lord Kvlt wrote:
</failed attempt at a witty, insightful riposte>
Users browsing this topic
Guest


Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Main Forum RSS : RSS


Copyright © 2008 Sportal Australia. All rights reserved.

20 queries (0.152 seconds, 30.16%).

yaf_pageload: 0.004
yaf_topic_info: 0.000
yaf_forum_list: 0.000
yaf_category_simplelist: 0.000
yaf_forum_listpath: 0.000
yaf_forum_listpath: 0.000
yaf_post_list: 0.116
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.002
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.001
yaf_usergroup_list: 0.009
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.000
yaf_usergroup_list: 0.010
yaf_active_listtopic: 0.010