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Bloody hilarious – I hereby nominate grb1063 as WeLoveCostaRica.com’s Discussion Thread Comedian of the month….
George Carlin would have been very proud of you
Scott Oliver
If it were acceptable sprite there would be no change to an individual’s credit profile after foreclosure, default, etc…whereas if you short a stock your profile does in fact remain unchanged. Similarly if a company performs poorly their rating reflects it, they pay greater bond spreads, etc.
Keep telling yourself that it is acceptable…possibly one day you can join the highbrow scociety you speak of…thanks but no thanks.
After your question of “Whom has he harmed?” I now understand what type of person sits at the other end of the screen and thus I no longer wish to debate this topic with you. Clearly you find no problem in breaking a contract. I truly hope you don’t practice business in Costa Rica or anywhere else for that matter……..
Imxploring, I agree 100%, the lenders created their own problems by lending money to unqualified borrowers…
I’m fully versed in contractual debt, unfortunately I am also fully versed in integrity, dignity, pride and common sense…qualities that sadly seem to be absent among many Americans.
grifz77…I’d say that there’s enough guilt to go around… but the ones that were making the big money… and SELLING their services were the banks… they were also the ones that were SUPPOSE to know what they were doing! Capitalism at it’s best… bordering on criminal intent…. I take that back… it was CRIMINAL!!! LOL
As far as walking off… as I said… not my act… but for folks that are so far underwater on their mortgages… with no real hope of staying current until the “recovery” (NOT)…. I can see why they would bolt!
Must have been a bit of work for you mounting that high horse. I am sure a lot of americans would love to be able to afford your hubris and high morality, but the system has robbed them blind.
I apply my style of morality to economics when I say capitalism is evil. I am attacking a system. What I do NOT do, as grifz does, is apply a superfluous morality to victims of that system or to those that have “worked” the system to their benefit.
I am always suspicious of finger pointing at individuals from a supposed higher moral position. It’s too easy for a well fed man to condemn a starving man for taking a piece of bread without paying for it.
I frankly don’t see where the argument is to support “Capitalism is evil” in all of this. Capitalism and free markets is what has fueled growth, development, new inventions, etc. over the last century. The abuse of the system at almost every level is what has caused this problem. As far as the housing crisis, blame can’t be put solely on the lenders who made loans to unqualified people. When groups like Acorn were lobbying, protesting, and threatening lenders to make risky loans. They were basically blackmailed by groups like this and pressured by the likes of Barny Frank and Christopher Dodd to make these risky loans. Talk about the fox guarding the hen house. There’s plenty of blame to go around on both sides of the isle in our government, so I’m not arguing Dem versus Rep. here. The majority on both sides have sold us down the river. The problem is their all sitting in the shoreline hotels and casinos watching us all float by.
I’m no financial expert by any means, and never claim to be, so I’m speaking in very general terms. If you are suggesting that Socialism is the answer over a Capitalistic system, that’s barely even arguable. Socialism, has never and will never create wealth or increase revenue. Socialism is what Obama and the House majority leaders are leading the US into and it will fail miserably just as it has everywhere else it has been tried or currently exist. It’s nothing more than high ideals. People who argue agains’t Capitalism creating an ever widening gap between the haves and have nots forget to mention that at least with a freemarket system the “have nots” at least have a hope of being creative and working hard to become a “have”. Socialism in it’s tried and true form creates what you have in most undeveloped contries, no middle class, and a society where 5% to 10% of the population are very wealthy, and the other 90% to 95% are poor.
If all you are looking for is production of great wealth, that is easy to do when you are unconcerned with the welfare of the people you propose to govern. That is exactly what capitalism does. It produces great wealth…for a few. The trick is to fool the workers into believing they also can have great wealth…the American Dream. Of course, the American Dream is a lie, a tool to keep people in line. The REAL function of government is the welfare of the citizenry. Markets and economies should serve the people, not vice versa as is in th US.
The rumour right now is that the US government may decide to take over the banks this week end. Wall Street is shrieking and the markets have plunged below their November lows. If this happens, and who knows, it would be the 2nd shoe dropping. We are seeing the merciful end of free market capitalism at last.
Edited on Feb 20, 2009 09:38
Is it possible to only have a ‘socialist’ or ‘capitalist’ society at opposite ends of the spectrum? Is Obama going to convert the US into a socialist society or is he going to employ limited socialist ideals where they will improve the situation for the average person. You can’t dismiss socialism as something that does not work anywhere – that is just simply not true. It seems to me extremes of anything never work well for long.
Really folks… governments and their ilk are nothing more than the highest form of organized crime. Stop relying on someone else to save you and rely on God and your own God given instincts and abilities to provide for you and yours. We have been brainwashed in to thinking that “they” are here to help us… wake up and smell the roses. “It was all a frame” (Johnny Rotten) circa 1977. Beautifully put grb1063!!
Governments may be another form of organized crime, but god is just another form of Santa Klaus for adults. Of the two, governments have a better chance of coming through with the goods.
I must reply on some of the rubbish i here spewing out of sprites mouth. First my friend, there is an American dream. I am proof of that. I got it by working harder than the man next to me. All of the time. I dropped out of HS at 16 to get into the masonry field. Got through Mario Cuomo’s nightmare of an office in the 80’s. Took a chance and moved to Colorado (with nothing but a couple bucks that my mom gave me). Still working harder than any man next to me, I got noticed. I started to be a Foreman. Shortly after that i started my own company (with only my bucket of tools and my truck). I made my first million by the time i was 40. Bought my slice in Cost Rica. Sold my business and I’m sitting on properties in three countries. All from a drop out.
And oh yeah, I cant forget to mention my faith. Which guided me every step of the way. Santa Claus ? I oughta. Maybe if people out there had a little more God in their life there would be less people getting ripped off of their money.
JIm KKimball… I’d have to agree with you, like yourself, I’ve been around a while (I’m not old… I’m “seasoned”)LOL….the “new” reality in this world… and the mentality of our leaders (LOL) and society overall is quite a mess and VERY disturbing. Terms like personal responsibility and ethics have somehow been removed from the vocabularies of our citizens…. replaced with an attitude of entitlement and blame that people now use to explain their bad conduct and choices in life. Capitalism is not synonymous with making money (at any cost). Something we’re now seeing on a daily basis as one bank after another comes apart… and financial “masters” are exposed as nothing more than thieves in $2000 suits!
These stimulus plans (and mortgage assistance programs) that are nothing more than reward programs for folks that KNOWINGLY made bad choices because they wanted their piece of the pie. As well as banks that saw a cash cow to be milked until the she went dry! Welfare programs that are taking our tax dollars and rewarding those companies and people that made a number of really bad choices. And when that bill comes due… God help us all! And I will STRONGLY agree with you that the lack of faith and a belief in God has only accelerated the demise of our society.
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