Saturday, February 18, 2012
Since McCain and Obama can't work it out the financial crisis, are they any good as President?
They seem worthless.
Lets see if Bob Barr can help us out.|||there is no one on the planet who can work out the financial crisis it and anyone who says they can is a liar, don't you realise the extent to which your country is down the tube? financially speaking of course.
The most anyone can do is start to take measues to ensure that it never happens again and it will take years and years and years no quick fixes for you lot, sorry.
Anybody have filling global financial crisis?
I'm living in Russia. No job, no money.
There are many people around me in the same thing.
Crisis!
And how about you and your countries?|||same the world over.try and get on with your life as best you can.|||everywhere u go same situation people can barely make it don't worry u not aloneflyff permit practice test
There are many people around me in the same thing.
Crisis!
And how about you and your countries?|||same the world over.try and get on with your life as best you can.|||everywhere u go same situation people can barely make it don't worry u not alone
What is the effect of the financial crisis on the USA economy?
Presently, unemployment is not bottoming out. Financial institutions still are not loaning money so businesses are still having difficulty buying inventories and keeping people employed. We still have bank failures, mergers and consolidations so unemployment in those sectors is not expected to stabilize during the first 3 quarters of 09. Housing prices are stabilizing in some markets, but those like mine in CA have not yet hit bottom largely because we had higher heights from which to fall. Local and state governments are really suffering major budget shortfalls as income, sales and property tax revenues are still declining.|||It slows down and results in more unemployment. Banks have difficulty returning loans to savers and both loose when the money runs out. With smaller earnings the government is expected to help more and to do this it borrows and prints more money, so there is inflation and prices tend to rise before this become endemic.
Eventually some part of the economy fails with either revolution or failure of the speculators and monopolists to keep land and natural resources unused. So when these vital resources are more easily available, people start to grow their own food again and can manage to survive before they become sufficiently wealthy that another round of land-grab starts.|||The US economy becomes topsy-turvy. The rich and the greedy aided by the government become richer and more powerful. The economy is more capitalistic and the poor becomes poorer. The financial crisis becomes worst and in a state of collapse.|||Haven't you been watching television or reading newspapers? Unemployment is at 8.9%, highest since 1982. About 500,000 people have lost their jobs every month for the last eight months. The national debt is at an all time high. The banks have had to be bailed out by the federal government along with General Motors, Chrysler, and a host of other financial institutions. The effect is catastrophic and nearly as dangerous as the great depression of 1929 through 1940. Let us hope we can solve this crisis within at least one year.|||About the same effect as the IRS confiscating your bank account and garnishing all your wages.
You are broke.
Right now, we are badly bent.
Eventually some part of the economy fails with either revolution or failure of the speculators and monopolists to keep land and natural resources unused. So when these vital resources are more easily available, people start to grow their own food again and can manage to survive before they become sufficiently wealthy that another round of land-grab starts.|||The US economy becomes topsy-turvy. The rich and the greedy aided by the government become richer and more powerful. The economy is more capitalistic and the poor becomes poorer. The financial crisis becomes worst and in a state of collapse.|||Haven't you been watching television or reading newspapers? Unemployment is at 8.9%, highest since 1982. About 500,000 people have lost their jobs every month for the last eight months. The national debt is at an all time high. The banks have had to be bailed out by the federal government along with General Motors, Chrysler, and a host of other financial institutions. The effect is catastrophic and nearly as dangerous as the great depression of 1929 through 1940. Let us hope we can solve this crisis within at least one year.|||About the same effect as the IRS confiscating your bank account and garnishing all your wages.
You are broke.
Right now, we are badly bent.
In the current financial crisis is it safe to invest in uae ?
I read just yesterday that Dubai is having a real tough time at the moment because the fall in oil prices have but all the investment there. Plus the other in the UAE are experiencing much lower revenue than they planned and now are needing to cut back as well.
These countries are as dependant on the global economy as the rest of the world. Because of the importance of oil maybe more so.
But you asked if it was "safe" and not if it was a good idea. Dubai wants to be a world financial center so it is likely rather safe. But most countries in the world don't have the same level of information, regulation, controls, and more corruption than in the United States.
For myself, for that reason, I would never try to invest directly in other countries rather depend on funds or managers that will have some expertise with the particular countries or companies. |||Nowadays there is volatility in the indian financial market,we have to wait for a little time period to observe the market situation. However we can also make an investment,but that should be a long term investment. Because the market will rise again and that will take a little time period. |||UAE:
"The UAE, rich in oil and natural gas, has become highly prosperous after gaining foreign direct investment funding in the 1970s"
there are some ideas out there in high finance land that the UAE are not truthful about what they are sitting on as far as the supposed reserves in oil and gas. Take it for what its worth, but this is like China when it comes to real transparency.
USA:
we are going into a shorts (selling on the highs) market for the next week and then depending on the news its down down down. a slow build until 2010. it is all about earnings and -good news- i.e. housing, building etc..
We are in a place that is seldom visited and few brokers are willing to speculate on the markets future. how can i, the laymen, even attempt. Take no advice. Wait. See the rebound take effect. then make our move. Some are trying to catch the market before the rebound and they are getting burnt. It is not worth the smidgen of a 5% to 10% gain if your luck pans out.
These countries are as dependant on the global economy as the rest of the world. Because of the importance of oil maybe more so.
But you asked if it was "safe" and not if it was a good idea. Dubai wants to be a world financial center so it is likely rather safe. But most countries in the world don't have the same level of information, regulation, controls, and more corruption than in the United States.
For myself, for that reason, I would never try to invest directly in other countries rather depend on funds or managers that will have some expertise with the particular countries or companies. |||Nowadays there is volatility in the indian financial market,we have to wait for a little time period to observe the market situation. However we can also make an investment,but that should be a long term investment. Because the market will rise again and that will take a little time period. |||UAE:
"The UAE, rich in oil and natural gas, has become highly prosperous after gaining foreign direct investment funding in the 1970s"
there are some ideas out there in high finance land that the UAE are not truthful about what they are sitting on as far as the supposed reserves in oil and gas. Take it for what its worth, but this is like China when it comes to real transparency.
USA:
we are going into a shorts (selling on the highs) market for the next week and then depending on the news its down down down. a slow build until 2010. it is all about earnings and -good news- i.e. housing, building etc..
We are in a place that is seldom visited and few brokers are willing to speculate on the markets future. how can i, the laymen, even attempt. Take no advice. Wait. See the rebound take effect. then make our move. Some are trying to catch the market before the rebound and they are getting burnt. It is not worth the smidgen of a 5% to 10% gain if your luck pans out.
Does anyone else hope that this financial crisis escalates to another Great Depression?
where people will have to go hungry because the realities of the instability of capitalism become more and more clear? i mean they try to give us the illusion that we have freedom, but when we've lost everything, we'll know of the failure of what this global system is
i hope it happens soon|||There you go...see capitalism isn't the problem...it was the government interference that made the Fanny Mae problem get worse...
In actually it wasn't capitalism that caused our huge depression, it was government over-stepping it's reaches to get more control of our financial situation and economy...
Capitalism is about freedom of choice...
Socialism is about everyone get's paid the same, work quality goes down, freedom's go down, healthcare goes down...
Look at the history in other nations....Money is a solid motivator for great inventions, good working habits...
No system is perfect...but Capitalism is the best way towards freedom...where someone can migrate from another nation, work hard, and create a better world for their children...
That ladies and gentlemen is the American Dream...
Not about being filthy rich or being corrupt, but about having a good home for your family, to be able to work hard, and get paid more than those who barely work...
Socialism lead's to everyone caring to work less, because no matter how good a worker you are, you get paid same as some who does half-assed job...
Look at the comparrison of quality of senior health care in America, vs socialized nations...We provide faster and better health care than any other social nation...Because how they cut costs?
They strictly limit paying money to healthcare for seniors..
And in canada if you got money and need some big procedure, it's against the law to be able to pay for some private care...
Do we really want to have horrible health care at that priice?|||Yeah, Rush Windbag and ALL the republicans!|||No, not all of us hate America. There are plenty of socialist countries you can go to, I don't see you leaving though.|||Yeah, it's my dream to see millions of people suffer because of the government bleeding us dry. NOT.|||Be careful what you wish for...
And if you weren't alive during the last one, you can't possibly know if you'd like one or not...
Eating is a good thing!!!|||I hope that does happen, as long as a democratic government pulls us out.
~Evie|||we americans never learn the lessons of history so I want to see socialistic liberal douche bags starving to death on the side of the roads waiting the great american government to come take care of them.|||obama, bush, whatever. it doesn't make any difference. they all work for the same people. the banks are making us slaves. they steal our money and then charge us to borrow it back. and they say madoff is a crook. the ones that need to be in jail is our politicians, the head of the fed, and most of wall street. maybe a huge crash would wake people up but i think they will show us just a glimmer of hope to keep the masses in line.|||you are very shallow in your thinking ... why?|||to hope that my fellow Americans go hungry and live on the street shows how shallow are you.
I would never want people to suffer just to prove myself right. NEVER!
i hope it happens soon|||There you go...see capitalism isn't the problem...it was the government interference that made the Fanny Mae problem get worse...
In actually it wasn't capitalism that caused our huge depression, it was government over-stepping it's reaches to get more control of our financial situation and economy...
Capitalism is about freedom of choice...
Socialism is about everyone get's paid the same, work quality goes down, freedom's go down, healthcare goes down...
Look at the history in other nations....Money is a solid motivator for great inventions, good working habits...
No system is perfect...but Capitalism is the best way towards freedom...where someone can migrate from another nation, work hard, and create a better world for their children...
That ladies and gentlemen is the American Dream...
Not about being filthy rich or being corrupt, but about having a good home for your family, to be able to work hard, and get paid more than those who barely work...
Socialism lead's to everyone caring to work less, because no matter how good a worker you are, you get paid same as some who does half-assed job...
Look at the comparrison of quality of senior health care in America, vs socialized nations...We provide faster and better health care than any other social nation...Because how they cut costs?
They strictly limit paying money to healthcare for seniors..
And in canada if you got money and need some big procedure, it's against the law to be able to pay for some private care...
Do we really want to have horrible health care at that priice?|||Yeah, Rush Windbag and ALL the republicans!|||No, not all of us hate America. There are plenty of socialist countries you can go to, I don't see you leaving though.|||Yeah, it's my dream to see millions of people suffer because of the government bleeding us dry. NOT.|||Be careful what you wish for...
And if you weren't alive during the last one, you can't possibly know if you'd like one or not...
Eating is a good thing!!!|||I hope that does happen, as long as a democratic government pulls us out.
~Evie|||we americans never learn the lessons of history so I want to see socialistic liberal douche bags starving to death on the side of the roads waiting the great american government to come take care of them.|||obama, bush, whatever. it doesn't make any difference. they all work for the same people. the banks are making us slaves. they steal our money and then charge us to borrow it back. and they say madoff is a crook. the ones that need to be in jail is our politicians, the head of the fed, and most of wall street. maybe a huge crash would wake people up but i think they will show us just a glimmer of hope to keep the masses in line.|||you are very shallow in your thinking ... why?|||to hope that my fellow Americans go hungry and live on the street shows how shallow are you.
I would never want people to suffer just to prove myself right. NEVER!
Is there unbalanced supply and demand in the Global Financial Crisis?
The root cause of the whole crisis is our unbalance with nature, and the unbalance within humanity.
We live in a global, closed integral system now, which means we are all interconnected, and we all depend on each other even for our basic necessities.
So we can only get out of the crisis, or successfully face any future problems if we learn the laws governing our global system, and adjust, change our lives accordingly.
Below you will find some of the laws we need to consider, and a music video "Let's Change!" describing the steps we have to make.|||Yes, supply has out run demand and in particular for homes, construction industry and the auto industry. There currently exists an inventory (surplus) of unsold homes, construction equipment, and autos. All these industries have a terrific domino effect through the economy. No one needs steel, lumber, auto parts etc. This is what causes all the unemployment.|||Yes, due to deleveraging, credit bubble will shrink and it will reduce demand for goods, services, stocks, oil, gold, and everything. It will increase demand for US dollar since most of the debt that needs to be paid back is denominated in US dollars.|||yes
We live in a global, closed integral system now, which means we are all interconnected, and we all depend on each other even for our basic necessities.
So we can only get out of the crisis, or successfully face any future problems if we learn the laws governing our global system, and adjust, change our lives accordingly.
Below you will find some of the laws we need to consider, and a music video "Let's Change!" describing the steps we have to make.|||Yes, supply has out run demand and in particular for homes, construction industry and the auto industry. There currently exists an inventory (surplus) of unsold homes, construction equipment, and autos. All these industries have a terrific domino effect through the economy. No one needs steel, lumber, auto parts etc. This is what causes all the unemployment.|||Yes, due to deleveraging, credit bubble will shrink and it will reduce demand for goods, services, stocks, oil, gold, and everything. It will increase demand for US dollar since most of the debt that needs to be paid back is denominated in US dollars.|||yes
In the 1998 George Soros make the world on financial crisis, 2008 Lemman "Destroyer" Brother, why America?
I lose USD 23 million on the farm and estate, now my money only USD 12 in Standard Chartered Bank. Do you Believe that. Stuppid.|||No I don't believe it because you can't even write proper english.national tire and battery sailboats for sale
Why do you think God is allowing America to be in such financial crisis?
God can not be mocked, you reap what you sow.|||I really don't think that God is that concerned with America's finances. I think that he expects his children to take life's hard lessons and learn to survive vs. having everything handed to them on a silver platter.
The path of least resistance, after all, doesn't always yield the greatest reward.|||(2 Timothy 3:1-5) 3 But know this, that in the last days critical times hard to deal with will be here. 2 For men will be lovers of themselves, lovers of money, self-assuming, haughty, blasphemers, disobedient to parents, unthankful, disloyal, 3 having no natural affection, not open to any agreement, slanderers, without self-control, fierce, without love of goodness, 4 betrayers, headstrong, puffed up [with pride], lovers of pleasures rather than lovers of God, 5 having a form of godly devotion but proving false to its power; and from these turn away.
|||When God saw how everyone was worshiping paper money and stock markets over him he decided to take that away from people.
Now, if you noticed that copper is worth more today than a few months ago, its another sign from God as well.
He would rather that we take up melting the precious metals and go back to worshiping metallic idols before him again, it has a prettier reflective surface and paper money does not. |||I don't think that God is allowing America to be in such a financial crisis.
I think that America is in such a financial crisis because America is fighting an unjust war and our President has decided that it is better to fight war, give those who profit from war huge tax breaks and let the rest of the world go to hell.
God has nothing to do with this.
America has been in crisis for the past eight years because so many stupid people with family values bought George Bush's lies.
The first time he won was decided by the Supreme Court. From a state where his brother was governor. If something like that had happened in a third world country Jimmy Carter would have been right over there to oversee the mess and make sure that somebody knew that they were being - well.
And then, because Mr. Bush managed to make people afraid, he was elected. For the first time.
And the disaster has just gone on and on.
This has nothing to do with God.
This has everything to do with the stupidity and arrogance of Mr. George W. Bush and his legions. And the sorry understanding of what so many Americans believed to be family values.
|||Because every time the government does the wrong thing with our hard earned tax money, it has a way of bringing a curse on this country. The Senate and congress have been out of the will of God many times---can't say whether it's half or two-thirds of the time, but they don't want to agree to pray and do God's will about many things. The details could take pages and pages to explain so this is just it in a nutshell.|||The bible says If my people would humble themselves and turn from their wicked ways, then he will hear from heaven and heal our land.
That's not an exact quote, sorry, but it's really close. I can't find it in my bible right now, but I think that answers your question. I only use King James by the way. Anything else isn't a version, it's a perversion of God's word.
Anyways,
America is nowhere near confessing their wickedness, or humbling themselves. They don't believe they need God to heal our land.
There will come a day when they will realize, but until then, Christians everywhere should be praying for our country.
Also, it's easy to get caught up in material things and easy to "need" more money. I believe we've put ourselves in a financial crisis, and we could all learn to be content with what we have. God will provide.
All things work out for good to those who love God.
God bless America|||If 0bama wins, the media will be telling us the economy is turning around. We would have to have 2 consecutive quarters of negative grown in order to be in a recession. It has not happen, but the press has been claiming that we are almost in a depression. But if 0bama is elected, his tax increases on everyone (it will not be $250,000 and above) will put us into a recession. But the media will blame it on Bush.
God has his reasons for letting things happen, good or bad.|||Don't blame God for that!!!
I am a committed (or is that uncommitted?) agnostic...but I do not believe that you can escape personal responsibility for everything.God did not engineer an economic downturn...and it is NOT just America going through it. We dragged down half the world down with us.
GOD (if she exists) is NOT in the banking business!!!
|||It is NOT Only The Americans, but it is all the nation on the face of the earth, Sad to say, the world looks at the United States, to predict their own financial situation, Because they know if America falls, so will their financial situation in their Country.|||Perhaps all problems arise because looking outwardly and peripherally at ANThropology. Instead of understanding the Ant psychology, when one starts eating the Ants.. there perhaps begins the needs for crossing the Phlegethon of crisises .. Inward looking into the depths within and Vegetarianism outwardly could be a good solution to reduce the worries perhaps ..
Bhagavan Sri Sathyasai Baba says,
"When an individual seeks fulfillment outside himself, he fails; if he seeks it within himself, he is successful in obtaining it. The divine principle within us is always accessible and always responsive. Pain is felt only as long as attachment or aversion to outer forms remains. Ultimate relief from pain can come only by the effacement of the ego, by the elimination of that which reacts to one thing as pain and to another as pleasure, and whose memory and conditioning sustains the recognition of the dualities of joy and grief."
- BABA
http://www.radiosai.org/pages/thought.as…
SAI RAM|||WAKE UP!!! It is not 'God' doing all this... Why do you not blame humans? Do you not think humans have some control over the financial position??? Have humans no power or something??? Do you see us all as puppets being controlled by a 'god'??? I am very confused by your question.
Answer: (I feel like I'm telling a bedtime tale to a child) Just to make you happy, I'm going to say that 'god' is going to make everything better, and all the poor people in Africa are going to get food, and everyone in USA is going to be wealthy, and there will be lots of sunshine and flowers and happiness. There. Happy?
(I am sorry if I somehow offended anyone, please do not take it personally, this is just my honest opinion.) Thanks.|||Psalms:9:17: The wicked shall be turned into hell, and all the nations that forget God.
Psalms:50:22: Now consider this, ye that forget God, lest I tear you in pieces, and there be none to deliver.
Ho:5:15: I will go and return to my place, till they acknowledge their offence, and seek my face: in their affliction they will seek me early.
2 Chronicles 30:9 (New King James Version)
9 For if you return to the LORD, your brethren and your children will be treated with compassion by those who lead them captive, so that they may come back to this land; for the LORD your God is gracious and merciful, and will not turn His face from you if you return to Him.”
http://www.near-death.com/storm.html|||It is god vegnece for an unjusified war
In the 1940s the west decides to build a jewish homeland from an area that still is majority muslim because the ruled it 3000 years ago, 1000 years ago muslims ruled half of the know world and inluding half of europe do we say we want it back, the FBI do not want osama for 9/11, why afghanistan, even if osama was guilty why would you attack a country beacuse they did not hand over someone with out evidence, what happened to the faires that stole the Weapons of masdestuction in iraq
http://www.fbi.gov/wanted/terrorists/ter…
this will give more info (newsarticle)
On June 5, 2006, reporter Ed Hass contacted the FBI Headquarters to learn why Bin Laden’s Most Wanted poster did not indicate that Usama was also wanted in connection with 9/11. He spoke with Rex Tomb, Chief of Investigative Publicity for the FBI. When asked why there is no mention of 9/11 on Bin Ladens Most Wanted web page, Tomb said, “The reason why 9/11 is not mentioned on Usama Bin Ladens Most Wanted page is because the FBI has no hard evidence connecting Bin Laden to 9/11.” (Source: Teamliberty.net) Click image for large format
these people rackon the only way they can fight is throught terrorism which is wrong and how do we know they are muslim.
http://au.youtube.com/watch?v=x7xyd_IRgG… look at bush liying
the other probs are contridictions and miss qouting
iff if told you to your clothes are smelly take them off and then come back with clean ones and some one quotes me as saying take your clothes off then come back off course there will be trouble ( this is what happens with the kill all unbeleivers) . honestly how much did people know islam before 9/11 and you learnt it all from the media or by jut looking at parts
This is the Islamic rule for war and all military action in the sunnah ( the book in which all Islamic rules are written and has been written for almost 2000 years)
During his life, Muhammad (PBUH) gave various injunctions to his forces and adopted practices toward the conduct of war. The most important of these were summarized by Muhammad's (Peace be upon him) companion, Abu Bakr, in the form of ten rules for the Muslim army
“ Stop, O people, that I may give you ten rules for your guidance in the battlefield. Do not commit treachery or deviate from the right path. You must not mutilate dead bodies. Neither kill a child, nor a woman, nor an aged man. Bring no harm to the trees, nor burn them with fire, especially those which are fruitful. Slay not any of the enemy's flock, save for your food. You are likely to pass by people who have devoted their lives to monastic services; leave them alone.
Rights of non-Muslims
The non-Muslims included in the ummah had the following rights:[17]
1. The security (dhimma) of God is equal for all groups,[18]
2. Non-Muslim members have equal political and cultural rights as Muslims. They will have autonomy and freedom of religion.[19]
3. Non-Muslims will take up arms against the enemy of the Ummah and share the cost of war. There is to be no treachery between the two.[20]
4. Non-Muslims will not be obliged to take part in religious wars of the Muslims.[21]
all these reasons are why, have you realised that the arab states are largely uneffacted as are most muslim counties it is only Pakistan who bombed it's own people ( i am pakistani, mussaraf sent my uncle who is the general in the paki army to unoffical excel to embassies and peace keeping missions around the world for 6 years)|||baptist is blah.
That's what I was raised as and it's such a restricting religion. Don't do this or you'll go to hell. Don't do that. If you don't give like 50% of your pay to the church, you'll go to hell.
Ugh.|||Gods judgment. its commin! its probably even here. America has turned her back on the Lord. America has kicked God outta everything. And the Bible Says that judgment shall come! And it will.|||friend,
it is the result of over estimating the results always positively , and thinking that US is INVINCIBLE and everything in the world depends upon it.
One reaps what he sows.
I think that is the reason.|||Simply because money and earthly things should never matter more then God to anyone, and should not be of any importance to anyone. God should be enough.
(now im not going to try and say I totally live by that....because I dont...but thats why)|||America turned their back on God, not the other way around. God is always there for America if they want to turn back to Him, but, America thinks that they are doing just fine without Him...which is a lie.
God bless.|||QURAN 2:276. God deprives usurious gains of all blessing, whereas He blesses charitable deeds with manifold increase. And God does not love anyone who is stubbornly ingrate and persists in sinful ways. |||That they may learn to not make themselves chargeable to others; that they abuse not their liberty, with the spoiling of themselves in the consumption of their selfish desires.|||Because he's not letting it, it's free will, the human race caused it and they can turn it around, divine intervention isn't going to happen with things like this.|||Not that anyone will read this since its on page 2 but
Recession happend every 5 to 8 years so wewere due anyway
And beside this finaincal crisis will pass eventually|||yes, basically what the 1st person said
God gives people the will do do right or wrong %26amp; when they do
wrong they suffer the consequences for doing so . That's the
freedom he gives us . |||God knows nothing about finances.
Did he attend Harward´s Faculty of economics?
The problem is in high credit/low spending, not in allowance of God|||Tribulations will come. So will tests.
So will divine judgment. |||I'll pick the second option - there is no deity controlling everything that happens on earth.|||God is bored.
It has been thousands of years since he has massacred whole cities.
A global financial meltdown will do for the time being|||The answer is very simple:
Because America, these days, doesn't want to serve the Living God. It believes it's too smart to.
And the fool said in his heart...|||To corner the market on silver, God loves silver.|||Greed is always a good barometer of peoples well being and faith.
A lot of people failed this test.
The path of least resistance, after all, doesn't always yield the greatest reward.|||(2 Timothy 3:1-5) 3 But know this, that in the last days critical times hard to deal with will be here. 2 For men will be lovers of themselves, lovers of money, self-assuming, haughty, blasphemers, disobedient to parents, unthankful, disloyal, 3 having no natural affection, not open to any agreement, slanderers, without self-control, fierce, without love of goodness, 4 betrayers, headstrong, puffed up [with pride], lovers of pleasures rather than lovers of God, 5 having a form of godly devotion but proving false to its power; and from these turn away.
|||When God saw how everyone was worshiping paper money and stock markets over him he decided to take that away from people.
Now, if you noticed that copper is worth more today than a few months ago, its another sign from God as well.
He would rather that we take up melting the precious metals and go back to worshiping metallic idols before him again, it has a prettier reflective surface and paper money does not. |||I don't think that God is allowing America to be in such a financial crisis.
I think that America is in such a financial crisis because America is fighting an unjust war and our President has decided that it is better to fight war, give those who profit from war huge tax breaks and let the rest of the world go to hell.
God has nothing to do with this.
America has been in crisis for the past eight years because so many stupid people with family values bought George Bush's lies.
The first time he won was decided by the Supreme Court. From a state where his brother was governor. If something like that had happened in a third world country Jimmy Carter would have been right over there to oversee the mess and make sure that somebody knew that they were being - well.
And then, because Mr. Bush managed to make people afraid, he was elected. For the first time.
And the disaster has just gone on and on.
This has nothing to do with God.
This has everything to do with the stupidity and arrogance of Mr. George W. Bush and his legions. And the sorry understanding of what so many Americans believed to be family values.
|||Because every time the government does the wrong thing with our hard earned tax money, it has a way of bringing a curse on this country. The Senate and congress have been out of the will of God many times---can't say whether it's half or two-thirds of the time, but they don't want to agree to pray and do God's will about many things. The details could take pages and pages to explain so this is just it in a nutshell.|||The bible says If my people would humble themselves and turn from their wicked ways, then he will hear from heaven and heal our land.
That's not an exact quote, sorry, but it's really close. I can't find it in my bible right now, but I think that answers your question. I only use King James by the way. Anything else isn't a version, it's a perversion of God's word.
Anyways,
America is nowhere near confessing their wickedness, or humbling themselves. They don't believe they need God to heal our land.
There will come a day when they will realize, but until then, Christians everywhere should be praying for our country.
Also, it's easy to get caught up in material things and easy to "need" more money. I believe we've put ourselves in a financial crisis, and we could all learn to be content with what we have. God will provide.
All things work out for good to those who love God.
God bless America|||If 0bama wins, the media will be telling us the economy is turning around. We would have to have 2 consecutive quarters of negative grown in order to be in a recession. It has not happen, but the press has been claiming that we are almost in a depression. But if 0bama is elected, his tax increases on everyone (it will not be $250,000 and above) will put us into a recession. But the media will blame it on Bush.
God has his reasons for letting things happen, good or bad.|||Don't blame God for that!!!
I am a committed (or is that uncommitted?) agnostic...but I do not believe that you can escape personal responsibility for everything.God did not engineer an economic downturn...and it is NOT just America going through it. We dragged down half the world down with us.
GOD (if she exists) is NOT in the banking business!!!
|||It is NOT Only The Americans, but it is all the nation on the face of the earth, Sad to say, the world looks at the United States, to predict their own financial situation, Because they know if America falls, so will their financial situation in their Country.|||Perhaps all problems arise because looking outwardly and peripherally at ANThropology. Instead of understanding the Ant psychology, when one starts eating the Ants.. there perhaps begins the needs for crossing the Phlegethon of crisises .. Inward looking into the depths within and Vegetarianism outwardly could be a good solution to reduce the worries perhaps ..
Bhagavan Sri Sathyasai Baba says,
"When an individual seeks fulfillment outside himself, he fails; if he seeks it within himself, he is successful in obtaining it. The divine principle within us is always accessible and always responsive. Pain is felt only as long as attachment or aversion to outer forms remains. Ultimate relief from pain can come only by the effacement of the ego, by the elimination of that which reacts to one thing as pain and to another as pleasure, and whose memory and conditioning sustains the recognition of the dualities of joy and grief."
- BABA
http://www.radiosai.org/pages/thought.as…
SAI RAM|||WAKE UP!!! It is not 'God' doing all this... Why do you not blame humans? Do you not think humans have some control over the financial position??? Have humans no power or something??? Do you see us all as puppets being controlled by a 'god'??? I am very confused by your question.
Answer: (I feel like I'm telling a bedtime tale to a child) Just to make you happy, I'm going to say that 'god' is going to make everything better, and all the poor people in Africa are going to get food, and everyone in USA is going to be wealthy, and there will be lots of sunshine and flowers and happiness. There. Happy?
(I am sorry if I somehow offended anyone, please do not take it personally, this is just my honest opinion.) Thanks.|||Psalms:9:17: The wicked shall be turned into hell, and all the nations that forget God.
Psalms:50:22: Now consider this, ye that forget God, lest I tear you in pieces, and there be none to deliver.
Ho:5:15: I will go and return to my place, till they acknowledge their offence, and seek my face: in their affliction they will seek me early.
2 Chronicles 30:9 (New King James Version)
9 For if you return to the LORD, your brethren and your children will be treated with compassion by those who lead them captive, so that they may come back to this land; for the LORD your God is gracious and merciful, and will not turn His face from you if you return to Him.”
http://www.near-death.com/storm.html|||It is god vegnece for an unjusified war
In the 1940s the west decides to build a jewish homeland from an area that still is majority muslim because the ruled it 3000 years ago, 1000 years ago muslims ruled half of the know world and inluding half of europe do we say we want it back, the FBI do not want osama for 9/11, why afghanistan, even if osama was guilty why would you attack a country beacuse they did not hand over someone with out evidence, what happened to the faires that stole the Weapons of masdestuction in iraq
http://www.fbi.gov/wanted/terrorists/ter…
this will give more info (newsarticle)
On June 5, 2006, reporter Ed Hass contacted the FBI Headquarters to learn why Bin Laden’s Most Wanted poster did not indicate that Usama was also wanted in connection with 9/11. He spoke with Rex Tomb, Chief of Investigative Publicity for the FBI. When asked why there is no mention of 9/11 on Bin Ladens Most Wanted web page, Tomb said, “The reason why 9/11 is not mentioned on Usama Bin Ladens Most Wanted page is because the FBI has no hard evidence connecting Bin Laden to 9/11.” (Source: Teamliberty.net) Click image for large format
these people rackon the only way they can fight is throught terrorism which is wrong and how do we know they are muslim.
http://au.youtube.com/watch?v=x7xyd_IRgG… look at bush liying
the other probs are contridictions and miss qouting
iff if told you to your clothes are smelly take them off and then come back with clean ones and some one quotes me as saying take your clothes off then come back off course there will be trouble ( this is what happens with the kill all unbeleivers) . honestly how much did people know islam before 9/11 and you learnt it all from the media or by jut looking at parts
This is the Islamic rule for war and all military action in the sunnah ( the book in which all Islamic rules are written and has been written for almost 2000 years)
During his life, Muhammad (PBUH) gave various injunctions to his forces and adopted practices toward the conduct of war. The most important of these were summarized by Muhammad's (Peace be upon him) companion, Abu Bakr, in the form of ten rules for the Muslim army
“ Stop, O people, that I may give you ten rules for your guidance in the battlefield. Do not commit treachery or deviate from the right path. You must not mutilate dead bodies. Neither kill a child, nor a woman, nor an aged man. Bring no harm to the trees, nor burn them with fire, especially those which are fruitful. Slay not any of the enemy's flock, save for your food. You are likely to pass by people who have devoted their lives to monastic services; leave them alone.
Rights of non-Muslims
The non-Muslims included in the ummah had the following rights:[17]
1. The security (dhimma) of God is equal for all groups,[18]
2. Non-Muslim members have equal political and cultural rights as Muslims. They will have autonomy and freedom of religion.[19]
3. Non-Muslims will take up arms against the enemy of the Ummah and share the cost of war. There is to be no treachery between the two.[20]
4. Non-Muslims will not be obliged to take part in religious wars of the Muslims.[21]
all these reasons are why, have you realised that the arab states are largely uneffacted as are most muslim counties it is only Pakistan who bombed it's own people ( i am pakistani, mussaraf sent my uncle who is the general in the paki army to unoffical excel to embassies and peace keeping missions around the world for 6 years)|||baptist is blah.
That's what I was raised as and it's such a restricting religion. Don't do this or you'll go to hell. Don't do that. If you don't give like 50% of your pay to the church, you'll go to hell.
Ugh.|||Gods judgment. its commin! its probably even here. America has turned her back on the Lord. America has kicked God outta everything. And the Bible Says that judgment shall come! And it will.|||friend,
it is the result of over estimating the results always positively , and thinking that US is INVINCIBLE and everything in the world depends upon it.
One reaps what he sows.
I think that is the reason.|||Simply because money and earthly things should never matter more then God to anyone, and should not be of any importance to anyone. God should be enough.
(now im not going to try and say I totally live by that....because I dont...but thats why)|||America turned their back on God, not the other way around. God is always there for America if they want to turn back to Him, but, America thinks that they are doing just fine without Him...which is a lie.
God bless.|||QURAN 2:276. God deprives usurious gains of all blessing, whereas He blesses charitable deeds with manifold increase. And God does not love anyone who is stubbornly ingrate and persists in sinful ways. |||That they may learn to not make themselves chargeable to others; that they abuse not their liberty, with the spoiling of themselves in the consumption of their selfish desires.|||Because he's not letting it, it's free will, the human race caused it and they can turn it around, divine intervention isn't going to happen with things like this.|||Not that anyone will read this since its on page 2 but
Recession happend every 5 to 8 years so wewere due anyway
And beside this finaincal crisis will pass eventually|||yes, basically what the 1st person said
God gives people the will do do right or wrong %26amp; when they do
wrong they suffer the consequences for doing so . That's the
freedom he gives us . |||God knows nothing about finances.
Did he attend Harward´s Faculty of economics?
The problem is in high credit/low spending, not in allowance of God|||Tribulations will come. So will tests.
So will divine judgment. |||I'll pick the second option - there is no deity controlling everything that happens on earth.|||God is bored.
It has been thousands of years since he has massacred whole cities.
A global financial meltdown will do for the time being|||The answer is very simple:
Because America, these days, doesn't want to serve the Living God. It believes it's too smart to.
And the fool said in his heart...|||To corner the market on silver, God loves silver.|||Greed is always a good barometer of peoples well being and faith.
A lot of people failed this test.
What macro policies have the U.S and EU adopted during the financial crisis of 2007-2009?
They have slightly slowed up the printing of money and tried to send some of it to places where it will stop the big banks and industrial concerns from becoming bankrupt.
As far as I can see these measures are ineffective.
As far as I can see these measures are ineffective.
Why was the EU set up in such a way that a small country like Greece can cause a financial crisis?
There problems started when the abolished the Drachma and replaced it with the Euro|||First, all European countries are "small" in global terms. And most are similar in size to Greece (by population, geographically, economically, or whatever). The EU was founded on the principle of equality, not domination of smaller countries by bigger ones.
Secondly, the problem here is with the euro, not the EU. The euro:
(1) allowed Greece to borrow at lower costs than it otherwise could, so there was no pressure to keep spending in check
(2) increased the cost of living in Greece
(3) decreased the Greek government's ability to adjust its economic policies, since the countries have to act in tandem.
What people have now realized is that for the eurozone to survive, it will must have common economic regulation.|||It is not the EU as such, but the Euro.
Greece needs to dump the Euro and return to a floating Drachma, this way it could just trade its way out of the problems.
The trouble is would a Socialist Governement take a Capitalist move like that.
After all it would be putting its Family (Capitalism) above the State (Socialism)|||The Euro was a disaster from the beginning,valuation of the Euro varied from country to country and the central fund did not perceive the potential danger of these confounding variables,in other words,the Euro had no fixed standard so if one country fails it creates a domino effect so the E.U is panicking as there are more than one domino,so an unbalanced currency bloc is not as safe as the pound of the dollar and they are having problems.
Another thing,the E.U wasting money on a bureaucrats fools paradise,it is too big to be administered properly,far too many unqualified people are in positions of power and their input is damaging legal systems,immigrant system et al,this gravy train will have to pull into the station,down size,give power back to member countries,simplify complex rulings and start cutting salaries to a realistic level.
The concept of the E.U,came from the mind of Arthur C Clarke who created the United States of Europe as a concept for a sci fi novel and of course some idiot thought this a good idea,wrong.|||The problem's not with the EU, but with the Euro. The idea of a common currency is that everyone sticks to the rules. Instead, Greece, Ireland and Portugal decided to run up huge budget deficits (that means they spent a lot more than they raised in tax and borrowed the rest from central funds). There's a chance that Ireland and Portugal could dig their way out by taxing their richer citizens and curbing spending. Greece ain't going to get there unless it starts taxing its shipping tycoons in a big way.
If they can't pay their debts, lets send the bailiff's in. Italy can repossess Corfu and Britain can have the Acropolis (it will give us somewhere to keep our marbles). I'm sure the Germans could run the Dodecanese at a profit.|||Greece is not small. The problem is big about the size of Argentina plus Russia.And Greece was not the country in the Lome convention. It was a member through enlargement. It passed the test. And Greece was not the source of the problem.The US was.|||I'm too far removed from the situation to contribute much to the question...other than to comment...if Greece, Spain, Portugal etc are chin deep in the s##t.....how are other member states like Bulgaria, Cyprus, Malta, Romania, etc getting on?|||Greece should never have qualified as a member. If you invite a drunk to live you with, you shouldn't be surprised when he trashes the house.|||twa
Secondly, the problem here is with the euro, not the EU. The euro:
(1) allowed Greece to borrow at lower costs than it otherwise could, so there was no pressure to keep spending in check
(2) increased the cost of living in Greece
(3) decreased the Greek government's ability to adjust its economic policies, since the countries have to act in tandem.
What people have now realized is that for the eurozone to survive, it will must have common economic regulation.|||It is not the EU as such, but the Euro.
Greece needs to dump the Euro and return to a floating Drachma, this way it could just trade its way out of the problems.
The trouble is would a Socialist Governement take a Capitalist move like that.
After all it would be putting its Family (Capitalism) above the State (Socialism)|||The Euro was a disaster from the beginning,valuation of the Euro varied from country to country and the central fund did not perceive the potential danger of these confounding variables,in other words,the Euro had no fixed standard so if one country fails it creates a domino effect so the E.U is panicking as there are more than one domino,so an unbalanced currency bloc is not as safe as the pound of the dollar and they are having problems.
Another thing,the E.U wasting money on a bureaucrats fools paradise,it is too big to be administered properly,far too many unqualified people are in positions of power and their input is damaging legal systems,immigrant system et al,this gravy train will have to pull into the station,down size,give power back to member countries,simplify complex rulings and start cutting salaries to a realistic level.
The concept of the E.U,came from the mind of Arthur C Clarke who created the United States of Europe as a concept for a sci fi novel and of course some idiot thought this a good idea,wrong.|||The problem's not with the EU, but with the Euro. The idea of a common currency is that everyone sticks to the rules. Instead, Greece, Ireland and Portugal decided to run up huge budget deficits (that means they spent a lot more than they raised in tax and borrowed the rest from central funds). There's a chance that Ireland and Portugal could dig their way out by taxing their richer citizens and curbing spending. Greece ain't going to get there unless it starts taxing its shipping tycoons in a big way.
If they can't pay their debts, lets send the bailiff's in. Italy can repossess Corfu and Britain can have the Acropolis (it will give us somewhere to keep our marbles). I'm sure the Germans could run the Dodecanese at a profit.|||Greece is not small. The problem is big about the size of Argentina plus Russia.And Greece was not the country in the Lome convention. It was a member through enlargement. It passed the test. And Greece was not the source of the problem.The US was.|||I'm too far removed from the situation to contribute much to the question...other than to comment...if Greece, Spain, Portugal etc are chin deep in the s##t.....how are other member states like Bulgaria, Cyprus, Malta, Romania, etc getting on?|||Greece should never have qualified as a member. If you invite a drunk to live you with, you shouldn't be surprised when he trashes the house.|||twa
Is the financial crisis a global conspiracy?
one tidbit is England selling half of its country's gold when it was at a 20 year low.|||The fact that you're asking this question proves that something is going on that isn't widely known or talked about.|||Nope.
Just a lot of people thinking along similar lines. My friends and I don't have to call and email each other to figure out how to react to a news story. Do you do that? Still, those of your friends of the same political stripe as yourself probably have about the same opinions on current events.
This is probably true for most people but for some reason, any time a bunch of liberals (or especially a bunch of conservatives) come up with the same ideas, the other side assumes it's a conspiracy. Well, it's usually just consensus.|||Depending on who you ask. The people who know how to invest are making a killing. The average person who has no financial education is losing their shirts and houses because they bought into the claim that all credit is good and don't know the real risks to a lot of financial things.
What I am seeing is that the average consumer in most parts of the industrialized world is too far in debt and can not continue to spend.|||the us financial crisis is what bin laden wanted all along...he's winning.
Other countries are going through it as well because America lead the world in financial security...it's the domino effect. We have investments all over the world, so it's to be expected for everyone to be effected.|||Definitely. Look at the history.
9/11: It has never been solved what happened and how. There are many websites out there showing pictures, details and evidence that it has been orchestrated.
War in Iraq. Conspiracy of the army companies like Halliburton, Blackwater and others. First, the government talked about WMD, nobody ever found anything in Iraq. Who makes money there, these companies.
Oil bubble. The oil bubble bursted in the summer. In the summer, oil was $140 / barrel. Now it is $50. Why? Because a few rich guys play the game at the top. They make money regardless of whether the price goes up or down, it just has to move in shocks which they know to anticipate.
Real-estate bubble. Who holds the key to all this? FED, those guys that run Freddie Mac, those guys that run the big investment banks. They are so BIG, so POWERFULL that they get they money regardless of whether they loose in the stock market. If they loose in the stock market, they get it from the TAXPAYER = YOU. They know how to talk to politicians.
Every game has a winner, every game has a looser, every game has the guy that hands out the cards.
http://www.maxi-pedia.com/forum/index.ph鈥?/a>
(Whom to blame for the financial mess - bank management or stock holders?)
|||Yes, the money people are swindling the people while gaining more power. Very soon they will be in every nook and cranny of our lives and there isn't going to be a damn thing we can do about it.
Here is some information of how that is all coming about:
Look at the back of a dollar bill
It says Federal Reserve System
How many of you know that system is privately owned?
How many of you know that the Federal Reserve System is controlled by a few banks and a handful of very rich people?
How many of you know that the chairman of the Federal Reserve System is probably the most powerful man on the planet?
The Federal Reserve System controls our money supply
Prints our money
Interest rates
encourages you to be in debt
lends money to our government while you the tax payer are paying interest on that debt.
That our money is not backed by anything tangible, such as gold or silver, but only backed with a promise.
In short, they control just about every aspect of your life, your money, your credit cards, your mortgage, your car loan, student loans, your retirment, etc.
Including having their hands in getting us involved in money making wars.
The smartest thing I ever did was chose to live debt free about 20 years ago. It is amazing how much of our money is eaten up by the Federal Reserve System, and how much more disposable income I had because I made the right choice.
And more information about the federal reserve system:
http://www.apfn.org/apfn/reserve.htm
And this audio from Senator Ron Paul
http://www.apfn.net/pogo/M001I0604251938鈥?/a>
And video
http://www.youtube.com/watch?v=ji_G0MqAq鈥?/a>
Other prespectives
http://www.tysknews.com/Depts/Taxes/fed_鈥?/a>
http://www.truthusa.org/articles/fed/fed鈥?/a>
For more information about this and other important issues, download this:
TVU Player
http://pages.tvunetworks.com/downloads/p鈥?/a>
Then I would tune into:
Channel 68078
Exposing 9/11, police state and tyranny
Documentaries about 911 and other social issues over and over again.
|||Yes it is. They are pushing for a new world order. A world economic and currency system. To lay the foundations for a global government.|||NWO.|||i see what your getting at, it could be true|||My, my. England's version of the Plunge Protection Team. I should have known our government wasn't in that alone.
Just a lot of people thinking along similar lines. My friends and I don't have to call and email each other to figure out how to react to a news story. Do you do that? Still, those of your friends of the same political stripe as yourself probably have about the same opinions on current events.
This is probably true for most people but for some reason, any time a bunch of liberals (or especially a bunch of conservatives) come up with the same ideas, the other side assumes it's a conspiracy. Well, it's usually just consensus.|||Depending on who you ask. The people who know how to invest are making a killing. The average person who has no financial education is losing their shirts and houses because they bought into the claim that all credit is good and don't know the real risks to a lot of financial things.
What I am seeing is that the average consumer in most parts of the industrialized world is too far in debt and can not continue to spend.|||the us financial crisis is what bin laden wanted all along...he's winning.
Other countries are going through it as well because America lead the world in financial security...it's the domino effect. We have investments all over the world, so it's to be expected for everyone to be effected.|||Definitely. Look at the history.
9/11: It has never been solved what happened and how. There are many websites out there showing pictures, details and evidence that it has been orchestrated.
War in Iraq. Conspiracy of the army companies like Halliburton, Blackwater and others. First, the government talked about WMD, nobody ever found anything in Iraq. Who makes money there, these companies.
Oil bubble. The oil bubble bursted in the summer. In the summer, oil was $140 / barrel. Now it is $50. Why? Because a few rich guys play the game at the top. They make money regardless of whether the price goes up or down, it just has to move in shocks which they know to anticipate.
Real-estate bubble. Who holds the key to all this? FED, those guys that run Freddie Mac, those guys that run the big investment banks. They are so BIG, so POWERFULL that they get they money regardless of whether they loose in the stock market. If they loose in the stock market, they get it from the TAXPAYER = YOU. They know how to talk to politicians.
Every game has a winner, every game has a looser, every game has the guy that hands out the cards.
http://www.maxi-pedia.com/forum/index.ph鈥?/a>
(Whom to blame for the financial mess - bank management or stock holders?)
|||Yes, the money people are swindling the people while gaining more power. Very soon they will be in every nook and cranny of our lives and there isn't going to be a damn thing we can do about it.
Here is some information of how that is all coming about:
Look at the back of a dollar bill
It says Federal Reserve System
How many of you know that system is privately owned?
How many of you know that the Federal Reserve System is controlled by a few banks and a handful of very rich people?
How many of you know that the chairman of the Federal Reserve System is probably the most powerful man on the planet?
The Federal Reserve System controls our money supply
Prints our money
Interest rates
encourages you to be in debt
lends money to our government while you the tax payer are paying interest on that debt.
That our money is not backed by anything tangible, such as gold or silver, but only backed with a promise.
In short, they control just about every aspect of your life, your money, your credit cards, your mortgage, your car loan, student loans, your retirment, etc.
Including having their hands in getting us involved in money making wars.
The smartest thing I ever did was chose to live debt free about 20 years ago. It is amazing how much of our money is eaten up by the Federal Reserve System, and how much more disposable income I had because I made the right choice.
And more information about the federal reserve system:
http://www.apfn.org/apfn/reserve.htm
And this audio from Senator Ron Paul
http://www.apfn.net/pogo/M001I0604251938鈥?/a>
And video
http://www.youtube.com/watch?v=ji_G0MqAq鈥?/a>
Other prespectives
http://www.tysknews.com/Depts/Taxes/fed_鈥?/a>
http://www.truthusa.org/articles/fed/fed鈥?/a>
For more information about this and other important issues, download this:
TVU Player
http://pages.tvunetworks.com/downloads/p鈥?/a>
Then I would tune into:
Channel 68078
Exposing 9/11, police state and tyranny
Documentaries about 911 and other social issues over and over again.
|||Yes it is. They are pushing for a new world order. A world economic and currency system. To lay the foundations for a global government.|||NWO.|||i see what your getting at, it could be true|||My, my. England's version of the Plunge Protection Team. I should have known our government wasn't in that alone.
What were some of the reasons for Thailand financial crisis?
Globalization and IMF.....
IMF affected almost all developing and 3rd-world countries, including African countries and Asian countries.
Go watching "Life%26amp;Debt" documentary and you'll understand better how IMF and globalization affects people in those countries.|||The IMF.... among other things.. but also over-lending. Maybe a bit like what we have now.
(But if you are after some dodgy conspiracy theory reasons... apparently George Soros was the reason...)
http://en.wikipedia.org/wiki/Asian_finan鈥?/a>new cd releases florida drivers license
IMF affected almost all developing and 3rd-world countries, including African countries and Asian countries.
Go watching "Life%26amp;Debt" documentary and you'll understand better how IMF and globalization affects people in those countries.|||The IMF.... among other things.. but also over-lending. Maybe a bit like what we have now.
(But if you are after some dodgy conspiracy theory reasons... apparently George Soros was the reason...)
http://en.wikipedia.org/wiki/Asian_finan鈥?/a>
Can you remember a time when the UK has NOT been in the middle of a political or usually financial crisis?
I know I'm showing my age but I do remember such a time.
Back in the 50s we had a strong, socialist Labour government which had just set up the NHS (no more crippling doctor's bills) and wartime food rationing had finally come to an end. The Utilities, such as water, gas, electricity and rail transport were all owned by the nation which, without greedy shareholders to pay, made them really affordable. There were more jobs than people, so you could choose what you did and education was free all the way from Infant's School to University!
However, there was one drawback, in the form of National Service. When any boy reached the age of 17 he was conscripted into one of the armed services, usually the Army, for 18 months.|||It would be easier to ask if we could remember a time when we were. We are not in a polital or financial crises and have not been for a long long time. What we have today is petty bickering and bad accounting. Greece had a finacial crisis and remember the wheelbarrows full of banknotes is south america just to buy a loaf of bread? thats a crisis and also zimbabwe recently. As for a ploitical crises then we do not have that at all. When there are tanks on the street like in the middle east or when one party start bombing the HQ of another like in Moscow then its a crisis.|||Yes. That would be yesterday; or two hours ago; or right now. I can remember those good days.|||When we were occupied by the Roman Empire.|||Wasn't there a quick gap between Kosovo and the War on Terror when the economy was booming?|||Not in my life time :L but I'm still only young, but its long enough to know that were constantly stuck in one haha
Back in the 50s we had a strong, socialist Labour government which had just set up the NHS (no more crippling doctor's bills) and wartime food rationing had finally come to an end. The Utilities, such as water, gas, electricity and rail transport were all owned by the nation which, without greedy shareholders to pay, made them really affordable. There were more jobs than people, so you could choose what you did and education was free all the way from Infant's School to University!
However, there was one drawback, in the form of National Service. When any boy reached the age of 17 he was conscripted into one of the armed services, usually the Army, for 18 months.|||It would be easier to ask if we could remember a time when we were. We are not in a polital or financial crises and have not been for a long long time. What we have today is petty bickering and bad accounting. Greece had a finacial crisis and remember the wheelbarrows full of banknotes is south america just to buy a loaf of bread? thats a crisis and also zimbabwe recently. As for a ploitical crises then we do not have that at all. When there are tanks on the street like in the middle east or when one party start bombing the HQ of another like in Moscow then its a crisis.|||Yes. That would be yesterday; or two hours ago; or right now. I can remember those good days.|||When we were occupied by the Roman Empire.|||Wasn't there a quick gap between Kosovo and the War on Terror when the economy was booming?|||Not in my life time :L but I'm still only young, but its long enough to know that were constantly stuck in one haha
Which countries are least affected by the current financial crisis?
North Korea. Zimbabwe.
Both of their economies are so screwed up they couldn't be affected by anything.|||Im from australia and we keep being told the we are weathering the storm really well compared to other countries.|||Third world countries They had no money to begin with.
Both of their economies are so screwed up they couldn't be affected by anything.|||Im from australia and we keep being told the we are weathering the storm really well compared to other countries.|||Third world countries They had no money to begin with.
When is Gordon Brown going to blame foreign influences for the financial crisis of UK?
Huh? He's done nothing but blame foreign influences. If he and his government hadn't been such fans of light-touch regulation and hadn't let the greedy City gamble so recklessly with everyone else's money the UK financial crisis wouldn't be as bad|||Is America considered a "foreign influence"?
If so, then it is certainly a baleful one and I wish the British would not gorge themselves silly with all that the US excretes.
I would suggest that irresponsible lending and borrowing AKA usury, reckless stupidity, stubborn ignorance and sweeping unpalatable truths under the carpet, is responsible for this state of affairs.|||yeah i agree gordon brown couldn't do a thing the global economy was sinking ship after the usa screwed up he jut happened to be on ship. nothing he could do about it. britans are way to harsh on him.
and people allways blame immigrants in any financial crisis..|||Wall Street, Investments, Banks. Look no further.
If you want to blame Brown, it was only his lack of insight toward our financial institutions. His belief they could regulate themselves. His trust in the system.|||Take a look out the window, buddy
ALL countries are in trouble. If you want to moan and blame the immigrants for everything (including the weather), then go ahead.|||He already has by saying it's a world crisis, forgetting that he contributed to ours with his recklessness. The man will never admit he could be wrong, and if he does it's 99% someone else's fault.|||hes always blamed america for it. while conveniently forgetting he created most of the mess himself with his disastous policies. his free for all banking and his boom and bust ideas.|||it's not foreign countires fault %26amp; the BNP are disgusting horrible people who are just as bad as the Nazi's
we did this to ourselves|||When people start believing the BNP will do good for this country..and stop sending money in foreign aid when it's needed here.
If so, then it is certainly a baleful one and I wish the British would not gorge themselves silly with all that the US excretes.
I would suggest that irresponsible lending and borrowing AKA usury, reckless stupidity, stubborn ignorance and sweeping unpalatable truths under the carpet, is responsible for this state of affairs.|||yeah i agree gordon brown couldn't do a thing the global economy was sinking ship after the usa screwed up he jut happened to be on ship. nothing he could do about it. britans are way to harsh on him.
and people allways blame immigrants in any financial crisis..|||Wall Street, Investments, Banks. Look no further.
If you want to blame Brown, it was only his lack of insight toward our financial institutions. His belief they could regulate themselves. His trust in the system.|||Take a look out the window, buddy
ALL countries are in trouble. If you want to moan and blame the immigrants for everything (including the weather), then go ahead.|||He already has by saying it's a world crisis, forgetting that he contributed to ours with his recklessness. The man will never admit he could be wrong, and if he does it's 99% someone else's fault.|||hes always blamed america for it. while conveniently forgetting he created most of the mess himself with his disastous policies. his free for all banking and his boom and bust ideas.|||it's not foreign countires fault %26amp; the BNP are disgusting horrible people who are just as bad as the Nazi's
we did this to ourselves|||When people start believing the BNP will do good for this country..and stop sending money in foreign aid when it's needed here.
Definition of financial crisis?
I found that a financial crisis refers to situations in which some financial institutions or assets suddenly lose a large part of their value.
Can anyone enlighten me on whether it is correct or not?|||Tough question.
Separate the recession from the financial crisis and you will be on the right track. The existence of both will exasperate the other ,however a recession need not cause a financial crisis nor does a financial crisis necessarily cause a recession. My answer to your first question is that we have had instances of financial crisis in America where asets lose value and cause banks to backfill (securities related to oil caused many a bank failure in the early 1980's and the insolvency of money center banks at that time). I heard a good explanation the other day, The tech bubble was a bubble but the current financial crisis is a sinkhole caused by asset values decreasing. In that vein you need to think of assets including mortgages that became illiquid (not because the real estate went down in value) and lost value. The mortage holder may still be paying but fear in the market caused the mortage securities to become illiquid and if you cannot sell something in the financial markets in a few moments it is illiquid.
My answer to your second question slow growth and unemployment is part of the recession and the recession is being exasperated by the financial crisis and at the same time the financial crisis is exasperated by the existence of a recession. As the financial crisis abates we will still be left with the recession (slow growth and higher unemployment), but the remedy of the recession will be less hindered by the existence of the financial crisis.
I tried to be simplistic because you can write a book about this subject and this is my opinion and there may be many that diverge from my opinion (they would be wrong however).
Can anyone enlighten me on whether it is correct or not?|||Tough question.
Separate the recession from the financial crisis and you will be on the right track. The existence of both will exasperate the other ,however a recession need not cause a financial crisis nor does a financial crisis necessarily cause a recession. My answer to your first question is that we have had instances of financial crisis in America where asets lose value and cause banks to backfill (securities related to oil caused many a bank failure in the early 1980's and the insolvency of money center banks at that time). I heard a good explanation the other day, The tech bubble was a bubble but the current financial crisis is a sinkhole caused by asset values decreasing. In that vein you need to think of assets including mortgages that became illiquid (not because the real estate went down in value) and lost value. The mortage holder may still be paying but fear in the market caused the mortage securities to become illiquid and if you cannot sell something in the financial markets in a few moments it is illiquid.
My answer to your second question slow growth and unemployment is part of the recession and the recession is being exasperated by the financial crisis and at the same time the financial crisis is exasperated by the existence of a recession. As the financial crisis abates we will still be left with the recession (slow growth and higher unemployment), but the remedy of the recession will be less hindered by the existence of the financial crisis.
I tried to be simplistic because you can write a book about this subject and this is my opinion and there may be many that diverge from my opinion (they would be wrong however).
Why doesn't the countries in financial crisis just print more of their own currency?
to stabilize the crumbling economy, infrastructure, deal with in house disasters, routine maintenance of essential needs.
Is there some international law prohibiting that?|||It's not the way that the FED prints the new money and hands it out for free. A bail-out money is a loan that needs to pay back. The bail-out company will get the money based on the capacity to pay back. That's why the bail-out money comes with a rehab scheme. The increase in money supply in this case will preserve the fiscal financial discipline. In God we trust will be there. The bail-out has to stop as soon as the economy picks up. It's because when consumers spend their money, the FED has to take its money back from the market. And to do all of these jobs, the President has to take it into laws.|||No there are economic laws. t would not work. Printing more money simply devalues the curreny and creates inflation so things just cost more and more all the time. The Bank of England has already printed and issued more currency but it cannot keep doing it.|||No but just commonsense. If a currency has no value which nobody wants, it becomes useless money. It just as simple as that.|||Because then money has no value.|||because then their would be inflation|||the money is worth less if you print more of it.|||Ask Obama that question.....he seems to think that works....DUH!!!magellan roadmate north carolina dmv
Is there some international law prohibiting that?|||It's not the way that the FED prints the new money and hands it out for free. A bail-out money is a loan that needs to pay back. The bail-out company will get the money based on the capacity to pay back. That's why the bail-out money comes with a rehab scheme. The increase in money supply in this case will preserve the fiscal financial discipline. In God we trust will be there. The bail-out has to stop as soon as the economy picks up. It's because when consumers spend their money, the FED has to take its money back from the market. And to do all of these jobs, the President has to take it into laws.|||No there are economic laws. t would not work. Printing more money simply devalues the curreny and creates inflation so things just cost more and more all the time. The Bank of England has already printed and issued more currency but it cannot keep doing it.|||No but just commonsense. If a currency has no value which nobody wants, it becomes useless money. It just as simple as that.|||Because then money has no value.|||because then their would be inflation|||the money is worth less if you print more of it.|||Ask Obama that question.....he seems to think that works....DUH!!!
What are the causes of the current financial crisis?
Housing prices have fallen, as much as 30% in some places. so the marker value of many homes is less than the mortgages that banks hold on them. That means that when people want to sell their homes they must have the money to pay the difference so the new owner can have a clear title. Since most sellers do not have the money, they just let the mortgage holder foreclose, so the banks lose the difference.
The underlying problem is that the bubble in the housing market pushed prices too high to be sustained which is why the prices are falling.
|||" believe that profits will rise and the loans will eventually be repaid without much trouble............"
Hyman Minsky has proposed a simplified explanation that is most applicable to a closed economy. He theorized that financial fragility is a typical feature of any capitalist economy. High fragility leads to a higher risk of a financial crisis. To facilitate his analysis, Minsky defines three types of financing firms choose according to their tolerance of risk. They are hedge finance, speculative finance, and Ponzi finance. Ponzi finance leads to the most fragility.
Financial fragility levels move together with the business cycle. After a recession, firms have lost much financing and choose only hedge, the safest. As the economy grows and expected profits rise, firms tend to believe that they can allow themselves to take on speculative financing. In this case, they know that profits will not cover all the interest all the time. Firms, however, believe that profits will rise and the loans will eventually be repaid without much trouble. More loans lead to more investment, and the economy grows further. Then lenders also start believing that they will get back all the money they lend. Therefore, they are ready to lend to firms without full guarantees of success. Lenders know that such firms will have problems repaying. Still, they believe these firms will refinance from elsewhere as their expected profits rise. This is Ponzi financing. In this way, the economy has taken on much risky credit. Now it is only a question of time before some big firm actually defaults. Lenders understand the actual risks in the economy and stop giving credit so easily. Refinancing becomes impossible for many, and more firms default. If no new money comes into the economy to allow the refinancing process, a real economic crisis begins. During the recession, firms start to hedge again, and the cycle is closed.
|||In a nutshell bad debt is the problem.
LOTS of money was loaned to people with modest incomes and poor financial skills so they could buy houses at inflated prices. Many of them haven't been able to make the repayments and the house prices have fallen back to more realistic levels. So the bank that loaned the money,
1. Doesn't get the repayments from the mortgagee.
2. Doesn't get the full loan back from the subsequent property sale (foreclosure).
The bank borrowed the money to loan the money and can't pay back the original (massive) loan they took out.
|||Deregulation by the Republicans.
When the market was deregulated in the 1920's it crashed and caused the Great Depression. Then the Democrats got in and put regulations on it so it stayed stable for over 70 years. Then the Republicans convinced everybody that it would be good to deregulate it again, so they did, and wow what a surprise, it tanked again. I wonder how bad this one will get. It might not lead to another Depression, lets hope not. But things are already headed in that direction. Thats what happens when people forget the lessons of history and vote Republican. Facts do not lie, it is crystal clear.|||Deregulation and the complete lack of oversight.|||Divorce
The Economy|||The Government|||Its an election year|||borrowing money from other countries to fund this war|||Bad loans.
The underlying problem is that the bubble in the housing market pushed prices too high to be sustained which is why the prices are falling.
|||" believe that profits will rise and the loans will eventually be repaid without much trouble............"
Hyman Minsky has proposed a simplified explanation that is most applicable to a closed economy. He theorized that financial fragility is a typical feature of any capitalist economy. High fragility leads to a higher risk of a financial crisis. To facilitate his analysis, Minsky defines three types of financing firms choose according to their tolerance of risk. They are hedge finance, speculative finance, and Ponzi finance. Ponzi finance leads to the most fragility.
Financial fragility levels move together with the business cycle. After a recession, firms have lost much financing and choose only hedge, the safest. As the economy grows and expected profits rise, firms tend to believe that they can allow themselves to take on speculative financing. In this case, they know that profits will not cover all the interest all the time. Firms, however, believe that profits will rise and the loans will eventually be repaid without much trouble. More loans lead to more investment, and the economy grows further. Then lenders also start believing that they will get back all the money they lend. Therefore, they are ready to lend to firms without full guarantees of success. Lenders know that such firms will have problems repaying. Still, they believe these firms will refinance from elsewhere as their expected profits rise. This is Ponzi financing. In this way, the economy has taken on much risky credit. Now it is only a question of time before some big firm actually defaults. Lenders understand the actual risks in the economy and stop giving credit so easily. Refinancing becomes impossible for many, and more firms default. If no new money comes into the economy to allow the refinancing process, a real economic crisis begins. During the recession, firms start to hedge again, and the cycle is closed.
|||In a nutshell bad debt is the problem.
LOTS of money was loaned to people with modest incomes and poor financial skills so they could buy houses at inflated prices. Many of them haven't been able to make the repayments and the house prices have fallen back to more realistic levels. So the bank that loaned the money,
1. Doesn't get the repayments from the mortgagee.
2. Doesn't get the full loan back from the subsequent property sale (foreclosure).
The bank borrowed the money to loan the money and can't pay back the original (massive) loan they took out.
|||Deregulation by the Republicans.
When the market was deregulated in the 1920's it crashed and caused the Great Depression. Then the Democrats got in and put regulations on it so it stayed stable for over 70 years. Then the Republicans convinced everybody that it would be good to deregulate it again, so they did, and wow what a surprise, it tanked again. I wonder how bad this one will get. It might not lead to another Depression, lets hope not. But things are already headed in that direction. Thats what happens when people forget the lessons of history and vote Republican. Facts do not lie, it is crystal clear.|||Deregulation and the complete lack of oversight.|||Divorce
The Economy|||The Government|||Its an election year|||borrowing money from other countries to fund this war|||Bad loans.
Why doesn't the countries in financial crisis just print more of their own currency?
to stabilize the crumbling economy, infrastructure, deal with in house disasters, routine maintenance of essential needs.
Is there some international law prohibiting that?|||Because it de-values the money...|||It's called inflation and affects international trade. If all countries did it to the same degree, it would have no long term effect other than to devalue all currencies and cause a lot of hassle in adjusting pay and prices. Indeed it does happen gradually, there are many more dollars in circulation in the USA today than just a few years ago.|||A paper currency would need backing of assets in physical form. Otherwise it would result in inflation and cost of good would increase. So unless your economy improves in true sense - meaning you produce more assets , printing more currency notes does not carry any meaning.|||It has to have something to back it up..like gold, jewels... Value.
paper is of little value.
the dollar would lose value and it would SURELY collapse then. We need things to back it up. Why do you think people are fighting over oil so much now?|||They do it all the time. That is why there is inflation. The more money you print, the less each unit (dollar) is worth. It's just so well know, nobody really talks much about it.|||Financial crisis is never due to shortage of 'currency notes', especially in today's virtual world!!|||Inflation would devalue the currency.|||because if a money is not backed by a valuable substance such as gold it would only depreciate the value of the existing money and bring the market down even further.|||Germany tried that before. It didn't work.
Is there some international law prohibiting that?|||Because it de-values the money...|||It's called inflation and affects international trade. If all countries did it to the same degree, it would have no long term effect other than to devalue all currencies and cause a lot of hassle in adjusting pay and prices. Indeed it does happen gradually, there are many more dollars in circulation in the USA today than just a few years ago.|||A paper currency would need backing of assets in physical form. Otherwise it would result in inflation and cost of good would increase. So unless your economy improves in true sense - meaning you produce more assets , printing more currency notes does not carry any meaning.|||It has to have something to back it up..like gold, jewels... Value.
paper is of little value.
the dollar would lose value and it would SURELY collapse then. We need things to back it up. Why do you think people are fighting over oil so much now?|||They do it all the time. That is why there is inflation. The more money you print, the less each unit (dollar) is worth. It's just so well know, nobody really talks much about it.|||Financial crisis is never due to shortage of 'currency notes', especially in today's virtual world!!|||Inflation would devalue the currency.|||because if a money is not backed by a valuable substance such as gold it would only depreciate the value of the existing money and bring the market down even further.|||Germany tried that before. It didn't work.
What are the similarities of all the financial crisis?
People who were corrupt caused it and no one was smart enough to set up a get out plan. In addition, all of the countries, minus a few, acted like a teenage girl with a credit card, out with her friends, trying to show off, and then the bill came to the house and reality set in for them. In addition, countries lacked regulation and common sense(5% returns for 25 years straight seems a bit fishy).|||That by the end of the month your still broke
Global financial crisis is painfully slep by people today how can you help cope with this situation?
I help out my family and friends!
Babysit my niece!
Enjoy more nights in!
Babysit my niece!
Enjoy more nights in!
What's your opinion on Prime Minister Erdogan's thoughts about the global financial crisis?
Erdogan was asked what he thought about the global financial crisis.
He anwered: "HAMDOLSUN ANLATILDI?I G?B? B?R?EY S?Z KONUSU DE??L!" (Thank God, there is noc such thing as told)
http://www.radikal.com.tr/Default.aspx?a…
|||"hey!! global financial crisis, take your mom and get the hell outta here!! :))
i think he is just "ignorant" about the global economy.. he can not see the future, and i guess he never listens his advisers..|||Would you call that an opinion? I would call it clueless.
They sat on the financial rescue plan of Kemal Dervi?. And then they sacked all bureaucrats that made the rescue possible. Nobody is left to tell them what to say. What kind of clever answer would you expect in these circumstances?|||Hi Bix,
Well, in my opinion do not take Serious ...
All Government Minister and Public Know, How is Serious ...
I think just only saying 'Do not Panic' ..|||I agree with Tanju.
This is a very sensitive issue.
A panicky atmosphere would only do more harm.
He is only trying to calm down people and the market.|||rofl , he is a real aggressor and "unfortunately" ignorant about global economy.
|||toplumlar hakettikleri gibi y?netilirler.|||What if you were a PM ! What would u say? Would u make people panic? of course He,s going to say that.. I met his advisors personally and he has great educated advisors (to someone on answerer)used car values sonic electronix
He anwered: "HAMDOLSUN ANLATILDI?I G?B? B?R?EY S?Z KONUSU DE??L!" (Thank God, there is noc such thing as told)
http://www.radikal.com.tr/Default.aspx?a…
|||"hey!! global financial crisis, take your mom and get the hell outta here!! :))
i think he is just "ignorant" about the global economy.. he can not see the future, and i guess he never listens his advisers..|||Would you call that an opinion? I would call it clueless.
They sat on the financial rescue plan of Kemal Dervi?. And then they sacked all bureaucrats that made the rescue possible. Nobody is left to tell them what to say. What kind of clever answer would you expect in these circumstances?|||Hi Bix,
Well, in my opinion do not take Serious ...
All Government Minister and Public Know, How is Serious ...
I think just only saying 'Do not Panic' ..|||I agree with Tanju.
This is a very sensitive issue.
A panicky atmosphere would only do more harm.
He is only trying to calm down people and the market.|||rofl , he is a real aggressor and "unfortunately" ignorant about global economy.
|||toplumlar hakettikleri gibi y?netilirler.|||What if you were a PM ! What would u say? Would u make people panic? of course He,s going to say that.. I met his advisors personally and he has great educated advisors (to someone on answerer)
What actions were taken to fix the financial crisis?
I'm sorry, but where have you been for the last 3 years? This is the wrong forum - go to the library.
Anybody think we've reached the "bottom" of this financial crisis?
I read a lot about how the last 8 years have resulted in the current mess and that "how much worse could it possibly get"
A Nine Inch Nails lyric comes to mind:
"He thought he lost everything, then he lost a whole lot more."
Isn't it too early to assume the worst of the financial crisis is over?----all numbers seem to say Yes, much too early.|||It's not over. Nor is it the fault of Republican or Democrats alone. It is JUST as much the fault of the American people who took out loans they could not pay back.
Just because you CAN do something does not mean that you should.|||Not at all.
We had some hope of recovery with McCain and his promise to cut taxes for businesses.
Democrats in charge will almost definitely raise taxes because that's the only way they know how to get a balanced budget. Cutting spending isn't in their vocabulary.
Raising taxes will give Obama the gift of recession, and he can't hang it on Bush if it lasts throughout his first 4 years.|||We still have 1-2 years for more adjustable rate mortgages to explode. Beyond that we have the baby boomers hunger for social security money that they didn't earn, which means taking more money from the working young! Now the Congress is controlled by unions. This country has squandered any advantage or wealth that it once had. Get ready to live in a third world country.|||i don't think that the worst of the financial crisis is here
i think it can get a lot worst, personally
and i live in the US, u might not
but here our new president elect (obama)
is gonna tax us 8% more on just about everyone
and i know for a fact most cannot afford this
and my family is gonna go more into the hole
but perhaps after this, something better might happen|||Do any of you remember the Great Depression?
Read a history book.|||this started well before 8 years ago.fess up to the truth.this was by no means bush's baby.but everyone voted obama in to fix it,so let him!|||Government (not one 'bad' party vs one 'good' party) is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.
And if we ask government whether we've hit bottom, they'd be at a loss to find their own bottoms. If we ask if things could go any further down or are they on the way up, they'd be confused by words like, "up".
Anyone who believes that either Clinton or Bush was an angel or a devil can thank the media. Not reality.
|||Yes. I think so.
Of course, I thought that yesterday. And the day before that. and the day before that. and ...|||i dont think there is a bottom =[|||yeah we are so not even close yet!! sorry but ture|||unfortunately i have been told that it has not seen the worse yet, that there is still a few more years for it to crash and in 4 odd years we will start to see the market return to its best.
its its a scarey thought but really just gotta take each day as it comes and not get too involved!!! my advice - dont invest. for everyones losses - things will gradually increase to norm, no need for heart failure.
all that has affected me is lower petrol prices and interest rates (since i dont invest) come on it cant be THAT bad :P
Tip: Be positive.|||Yes, we are at the beginning not the end of this, you can count on another two years of decline and then a period of steadiness before a mild climb.
How deep its going to be is the question, I'm looking for the market to bottom at five thousand, and not go up for quite a while.
This isn't just the US, its the world.|||Yes. I think so, but it is a long way from being over.|||I think we are heading in the right direction with the dropping fuel prices, if they will stay down.|||Frankly, no.
I think we'll see a few waves of unemployment pass through the economic system, through layoffs and closures. Then, slowly, we'll start to see a turnaround -- first in the stock market, and then through the rest of the economy.|||no.....no matter what it could be much MUCH worse|||Downward Spiral is exactly what we are headed into.|||only 8 years huh? If you really want to get to the answers youd have to go back 16 years, Bill Clinton era.
Clinton enacted NAFTA...one of the single largest reasons alone this countries infrastructure when to shiit. Not an opinion, its a fact, read some more.
Bush actually wasnt a "bad" pres. History will show this.
Obama thinks he can simply go over to Iran and smile and everything will be fine...same with Iraq.....Hes an idiot, and hes going to get alot more Americans killed than Bush ever did.
Oh, one more little fact...Bill Clinton killed more of our american troops than Bush did. that also is a fact. Not opinion. read more.... dispute it all you want....a facts a fact.
as well as the history of Democrates in office...through out americas history is ALWAYS been the dems that got us into wars and ruined our economy. another nice fact.....
I reckon you Dems have your heads soo far up your arses you wont bother to take the time to educate yourselves before defending something you know little about.|||They (experts) expect this to continue through 2009 until 2010...
Its going to be a tough road and they've been saying this since very early October...but watch, this will turn into a partisan mess again.
None of this was unforeseen or unexpected.|||no....please watch a documentary.. :America, freedom to fascism. if you go to alluc, and then search documentary's and then search through the genres to find politics, you will find it. |||No...It is going to worse before it gets better.|||I think it's going way more down :)|||
Its going to boom like it has never boomed before but this time it will be for all of us not just groups . But Bush has to go first .
A Nine Inch Nails lyric comes to mind:
"He thought he lost everything, then he lost a whole lot more."
Isn't it too early to assume the worst of the financial crisis is over?----all numbers seem to say Yes, much too early.|||It's not over. Nor is it the fault of Republican or Democrats alone. It is JUST as much the fault of the American people who took out loans they could not pay back.
Just because you CAN do something does not mean that you should.|||Not at all.
We had some hope of recovery with McCain and his promise to cut taxes for businesses.
Democrats in charge will almost definitely raise taxes because that's the only way they know how to get a balanced budget. Cutting spending isn't in their vocabulary.
Raising taxes will give Obama the gift of recession, and he can't hang it on Bush if it lasts throughout his first 4 years.|||We still have 1-2 years for more adjustable rate mortgages to explode. Beyond that we have the baby boomers hunger for social security money that they didn't earn, which means taking more money from the working young! Now the Congress is controlled by unions. This country has squandered any advantage or wealth that it once had. Get ready to live in a third world country.|||i don't think that the worst of the financial crisis is here
i think it can get a lot worst, personally
and i live in the US, u might not
but here our new president elect (obama)
is gonna tax us 8% more on just about everyone
and i know for a fact most cannot afford this
and my family is gonna go more into the hole
but perhaps after this, something better might happen|||Do any of you remember the Great Depression?
Read a history book.|||this started well before 8 years ago.fess up to the truth.this was by no means bush's baby.but everyone voted obama in to fix it,so let him!|||Government (not one 'bad' party vs one 'good' party) is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.
And if we ask government whether we've hit bottom, they'd be at a loss to find their own bottoms. If we ask if things could go any further down or are they on the way up, they'd be confused by words like, "up".
Anyone who believes that either Clinton or Bush was an angel or a devil can thank the media. Not reality.
|||Yes. I think so.
Of course, I thought that yesterday. And the day before that. and the day before that. and ...|||i dont think there is a bottom =[|||yeah we are so not even close yet!! sorry but ture|||unfortunately i have been told that it has not seen the worse yet, that there is still a few more years for it to crash and in 4 odd years we will start to see the market return to its best.
its its a scarey thought but really just gotta take each day as it comes and not get too involved!!! my advice - dont invest. for everyones losses - things will gradually increase to norm, no need for heart failure.
all that has affected me is lower petrol prices and interest rates (since i dont invest) come on it cant be THAT bad :P
Tip: Be positive.|||Yes, we are at the beginning not the end of this, you can count on another two years of decline and then a period of steadiness before a mild climb.
How deep its going to be is the question, I'm looking for the market to bottom at five thousand, and not go up for quite a while.
This isn't just the US, its the world.|||Yes. I think so, but it is a long way from being over.|||I think we are heading in the right direction with the dropping fuel prices, if they will stay down.|||Frankly, no.
I think we'll see a few waves of unemployment pass through the economic system, through layoffs and closures. Then, slowly, we'll start to see a turnaround -- first in the stock market, and then through the rest of the economy.|||no.....no matter what it could be much MUCH worse|||Downward Spiral is exactly what we are headed into.|||only 8 years huh? If you really want to get to the answers youd have to go back 16 years, Bill Clinton era.
Clinton enacted NAFTA...one of the single largest reasons alone this countries infrastructure when to shiit. Not an opinion, its a fact, read some more.
Bush actually wasnt a "bad" pres. History will show this.
Obama thinks he can simply go over to Iran and smile and everything will be fine...same with Iraq.....Hes an idiot, and hes going to get alot more Americans killed than Bush ever did.
Oh, one more little fact...Bill Clinton killed more of our american troops than Bush did. that also is a fact. Not opinion. read more.... dispute it all you want....a facts a fact.
as well as the history of Democrates in office...through out americas history is ALWAYS been the dems that got us into wars and ruined our economy. another nice fact.....
I reckon you Dems have your heads soo far up your arses you wont bother to take the time to educate yourselves before defending something you know little about.|||They (experts) expect this to continue through 2009 until 2010...
Its going to be a tough road and they've been saying this since very early October...but watch, this will turn into a partisan mess again.
None of this was unforeseen or unexpected.|||no....please watch a documentary.. :America, freedom to fascism. if you go to alluc, and then search documentary's and then search through the genres to find politics, you will find it. |||No...It is going to worse before it gets better.|||I think it's going way more down :)|||
Its going to boom like it has never boomed before but this time it will be for all of us not just groups . But Bush has to go first .
Is Malaysia experiencing the financial Crisis?
Hi. I'm just wondering if the financial crisis have had an effect on the Real Estate market of KL?
Have the prices come down in the past year? Or are they holding still without much going on in the market?
Or is it a case of business as usual for malaysia?
hanks for the answersIs Malaysia experiencing the financial Crisis?i think the real estate market is not affected much, it still holds strong and going higher everytime. places like KL is growing rapidly. so to summarise, yes..business is like usual in Malaysia.Is Malaysia experiencing the financial Crisis?The financial crises is affecting mainly the industrialized countries [manufacturing]....3rd world [technically] Malaysia is not yet in that league....so not much affected.
Have the prices come down in the past year? Or are they holding still without much going on in the market?
Or is it a case of business as usual for malaysia?
hanks for the answersIs Malaysia experiencing the financial Crisis?i think the real estate market is not affected much, it still holds strong and going higher everytime. places like KL is growing rapidly. so to summarise, yes..business is like usual in Malaysia.Is Malaysia experiencing the financial Crisis?The financial crises is affecting mainly the industrialized countries [manufacturing]....3rd world [technically] Malaysia is not yet in that league....so not much affected.
Is the financial crisis the legacy of the Clinton Presidency?
you betcha
it was the democrats who thought it would be a good idea for all Americans to own their own homes
whether they could afford them or not
this is affirmative action with the Clinton spin on it
Bubba really believed in this nonsenseIs the financial crisis the legacy of the Clinton Presidency?No Reagan's Presidency!Is the financial crisis the legacy of the Clinton Presidency?
Bush had 6 years of a rubber stamp republican congress that gave him EVERYTHING he asked for and 2 years of a do nothing democrat controlled congress with no veto override power so you do the mathIs the financial crisis the legacy of the Clinton Presidency?Nice try, but it won't work. The bad loans that are coming due were made from 2002 through 2006. Clinton was long gone.
No. When Clinton left office, there was like, NO national debt.Is the financial crisis the legacy of the Clinton Presidency?Uh, no. He hasn't been the president for over 7 years almost 8 years.Is the financial crisis the legacy of the Clinton Presidency?
He did sign that Gramm bill that laregly led to the deregulation.
But I think a larger portion of the blame falls on the republicans that wrote the bill.
Yes. Clinton thought everyone deserved a house and eased the loan restrictions on mortgages. Everyone wants to blame Reagan, but that was part of Billy Boy's legacy.
EDIT:
Here is a little proof from the LA Times in 1999.
Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply.
http://articles.latimes.com/1999/may/31/鈥?/a>Is the financial crisis the legacy of the Clinton Presidency?
That is what I was told. Clinton was behind the deregulation of the banking industry and also was pushing to get low income people into their first homes. That was behind the housing bubble, the sub prime loans Clinton pushed on the banking industry is what burst the bubble. That having been said, a person making $40K a year buying a $400K house shares the blame because there is no way they could afford to do that, they knew that, and they share an equal amount of the blame if you ask me.
It appears to be more Democrats doing, and no one undoing,
This is a typical Republican thinking; deny responsibility and deflect blame.
Perhaps you forget who controlled Congress during the Clinton Presidency...here's a hint, it wasn't the Democrats.
Well the Carter and Clinton legacy.
The financial crisis, is a great example of socialism run rampant.
It is like in india,
The government there, ordered the main oil companies in India, to sell gasoline, for less than it cost to produce it.
Then they acted surprised when those Oil companies went bankrupt.
When all of the facts come out in a few months, and they will, this is going to be the largest albatross around the democrat's necks ever and they will carry that albatross for years to come. And as usual, the democrats will try to blame the republicans but it won't work because I believe several prominent democrats will end their careers in prison. The democrats want this bailout done in a hurry to avoid the public finding out about how deep their hands are in the cookie jar.
Partly Clinton's by pushing GLBA and CRA.
Mostly the fault of the BungleBush by sabotaging OCC and everything else. This is one of the few times where he had an goal - in this case destroy somebody standing in his way - and actually accomplished the goal. His ultimate goal is to hasten the end of the world and achieve maranatha for his ilk ASAP. He's doing great.so far.
http://en.wikipedia.org/wiki/Community_R鈥?/a>
http://en.wikipedia.org/wiki/Gramm-Leach鈥?/a>
http://www.washingtonpost.com/wp-dyn/con鈥?/a>
In other words, if Spitzer didn't go whoring around, we wouldn't be in this mess today.
Actually the Community Reinvestment Act goes back to Carter. Clinton merely started enforcing it.
it was the democrats who thought it would be a good idea for all Americans to own their own homes
whether they could afford them or not
this is affirmative action with the Clinton spin on it
Bubba really believed in this nonsenseIs the financial crisis the legacy of the Clinton Presidency?No Reagan's Presidency!Is the financial crisis the legacy of the Clinton Presidency?
Bush had 6 years of a rubber stamp republican congress that gave him EVERYTHING he asked for and 2 years of a do nothing democrat controlled congress with no veto override power so you do the mathIs the financial crisis the legacy of the Clinton Presidency?Nice try, but it won't work. The bad loans that are coming due were made from 2002 through 2006. Clinton was long gone.
No. When Clinton left office, there was like, NO national debt.Is the financial crisis the legacy of the Clinton Presidency?Uh, no. He hasn't been the president for over 7 years almost 8 years.Is the financial crisis the legacy of the Clinton Presidency?
He did sign that Gramm bill that laregly led to the deregulation.
But I think a larger portion of the blame falls on the republicans that wrote the bill.
Yes. Clinton thought everyone deserved a house and eased the loan restrictions on mortgages. Everyone wants to blame Reagan, but that was part of Billy Boy's legacy.
EDIT:
Here is a little proof from the LA Times in 1999.
Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply.
http://articles.latimes.com/1999/may/31/鈥?/a>Is the financial crisis the legacy of the Clinton Presidency?
That is what I was told. Clinton was behind the deregulation of the banking industry and also was pushing to get low income people into their first homes. That was behind the housing bubble, the sub prime loans Clinton pushed on the banking industry is what burst the bubble. That having been said, a person making $40K a year buying a $400K house shares the blame because there is no way they could afford to do that, they knew that, and they share an equal amount of the blame if you ask me.
It appears to be more Democrats doing, and no one undoing,
This is a typical Republican thinking; deny responsibility and deflect blame.
Perhaps you forget who controlled Congress during the Clinton Presidency...here's a hint, it wasn't the Democrats.
Well the Carter and Clinton legacy.
The financial crisis, is a great example of socialism run rampant.
It is like in india,
The government there, ordered the main oil companies in India, to sell gasoline, for less than it cost to produce it.
Then they acted surprised when those Oil companies went bankrupt.
When all of the facts come out in a few months, and they will, this is going to be the largest albatross around the democrat's necks ever and they will carry that albatross for years to come. And as usual, the democrats will try to blame the republicans but it won't work because I believe several prominent democrats will end their careers in prison. The democrats want this bailout done in a hurry to avoid the public finding out about how deep their hands are in the cookie jar.
Partly Clinton's by pushing GLBA and CRA.
Mostly the fault of the BungleBush by sabotaging OCC and everything else. This is one of the few times where he had an goal - in this case destroy somebody standing in his way - and actually accomplished the goal. His ultimate goal is to hasten the end of the world and achieve maranatha for his ilk ASAP. He's doing great.so far.
http://en.wikipedia.org/wiki/Community_R鈥?/a>
http://en.wikipedia.org/wiki/Gramm-Leach鈥?/a>
http://www.washingtonpost.com/wp-dyn/con鈥?/a>
In other words, if Spitzer didn't go whoring around, we wouldn't be in this mess today.
Actually the Community Reinvestment Act goes back to Carter. Clinton merely started enforcing it.
Will the people who caused the GFC (global financial crisis) ever be brought to justice?
Many many people have been devastated by the decisions made by;
A) The American government who changed the financial lending rules to allow bank loans to be made to people who couldn't repay them %26amp;
B) The bank managers who then encouraged and actually made these loans.
Will these people ever be brought to a court of law to be sued/punished for the devastation they have caused or will they be allowed to enjoy their multi-million dollar pay outs at the expense of half the world's population (including me)?Will the people who caused the GFC (global financial crisis) ever be brought to justice?Short answer - No.
Who caused it exactly?
Was it the people who bought a $600,000 home when all they could really afford was a $100,000 home? Yes.
Was it the mortgage companies fault for offering them a $600,000 loan? Yes.
Was it the Bond rating companies that rated huge blocks of worthless loans AAA? Yes.
I could keep going but the answer is human nature or greed was to blame, so all of us were guilty.
If we all went to trial who would be left to serve in the jury ;)Will the people who caused the GFC (global financial crisis) ever be brought to justice?Since most of them are still sitting members of the House and Senate, and they have a majority, my guess would be no.Will the people who caused the GFC (global financial crisis) ever be brought to justice?No. Justice is only possible when causation can be established.
In this case there are too many causes. Often to determine causation a 'but for..' test is used. But for the actions of the politicians who changed the financial lending rules would the GFC have happened? But for the bank managers... etc.
But here it is too complicated, lest we forget it is people who enter into a contract without the capacity to pay back the money that have truly caused the crisis (that's my personal harsh view). If you can't pay money back don't borrow it. The problem is that those people who enter into these contracts are sometimes the most vulnerable people in society who need protection which is where your point comes in.new album releases map of united states with cities
A) The American government who changed the financial lending rules to allow bank loans to be made to people who couldn't repay them %26amp;
B) The bank managers who then encouraged and actually made these loans.
Will these people ever be brought to a court of law to be sued/punished for the devastation they have caused or will they be allowed to enjoy their multi-million dollar pay outs at the expense of half the world's population (including me)?Will the people who caused the GFC (global financial crisis) ever be brought to justice?Short answer - No.
Who caused it exactly?
Was it the people who bought a $600,000 home when all they could really afford was a $100,000 home? Yes.
Was it the mortgage companies fault for offering them a $600,000 loan? Yes.
Was it the Bond rating companies that rated huge blocks of worthless loans AAA? Yes.
I could keep going but the answer is human nature or greed was to blame, so all of us were guilty.
If we all went to trial who would be left to serve in the jury ;)Will the people who caused the GFC (global financial crisis) ever be brought to justice?Since most of them are still sitting members of the House and Senate, and they have a majority, my guess would be no.Will the people who caused the GFC (global financial crisis) ever be brought to justice?No. Justice is only possible when causation can be established.
In this case there are too many causes. Often to determine causation a 'but for..' test is used. But for the actions of the politicians who changed the financial lending rules would the GFC have happened? But for the bank managers... etc.
But here it is too complicated, lest we forget it is people who enter into a contract without the capacity to pay back the money that have truly caused the crisis (that's my personal harsh view). If you can't pay money back don't borrow it. The problem is that those people who enter into these contracts are sometimes the most vulnerable people in society who need protection which is where your point comes in.
How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
Are you kidding us with this question? Do you realize, because there is no secure banking in Iraq, that wooden pallets piled 4 feet high with bundles of $100 bills were routinely shipped to Iraq? Pallet upon pallet, guarded and delivered by contractors. If all that money was distributed to the financially-challenged citizens of amurica most would now have a home and could have bought a new car and started college funds for their kids. Okay, a slight exaggeration (maybe) but food would be on every table..........cheersHow much money have we spent in Iraq, and would that money have helped us in our current financial crisis?We have spent Billions in Iraq. And yes it would have helped us in our economy.
The downside to this is that a dictator (Hussein) would still be in control of Iraq wiping his feet on the American flag and clapping when terrorist flew suicide planes into buildings taking American lives. The Terrorist organizations would still be as strong as ever and would be growing. Not hiding in holes like they are now.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
What we spent in Iraq for money is immaterial because it was all borrowed cash. Bush didn't run it out of the military budget, he went to Congress twice a year for 'emergency' funds to keep the war going. so no, it couldn't have helped except that not spending it would have meant a lower deficit.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?Probably around $635 Billion total, so far..... [compare that to the the "Stimulus Package".. a product of the same people who brought us AFFORDABLE HOUSING!*]
http://zfacts.com/p/447.html
And much of that money DID help the economy.
Military pay and benefits; purchases of supplies; weapons manufacture; contractor services ... etc.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
better to use it fighting terrorists who wish us harm, rater than yet another failed government program, that wast,s more than it accomplishes.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?BULLSHIT
The downside to this is that a dictator (Hussein) would still be in control of Iraq wiping his feet on the American flag and clapping when terrorist flew suicide planes into buildings taking American lives. The Terrorist organizations would still be as strong as ever and would be growing. Not hiding in holes like they are now.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
What we spent in Iraq for money is immaterial because it was all borrowed cash. Bush didn't run it out of the military budget, he went to Congress twice a year for 'emergency' funds to keep the war going. so no, it couldn't have helped except that not spending it would have meant a lower deficit.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?Probably around $635 Billion total, so far..... [compare that to the the "Stimulus Package".. a product of the same people who brought us AFFORDABLE HOUSING!*]
http://zfacts.com/p/447.html
And much of that money DID help the economy.
Military pay and benefits; purchases of supplies; weapons manufacture; contractor services ... etc.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
better to use it fighting terrorists who wish us harm, rater than yet another failed government program, that wast,s more than it accomplishes.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?BULLSHIT
How is the current financial crisis linked to Reagan?
Reagan came up with "trickle down economics". Let the rich suck up all the country's wealth, and then they will create jobs for the people. But what happened was they just sucked up the wealth but didn't give Americans jobs. Instead they hired cheap labor overseas, where they don't have to worry about human rights or health care expenses. Clinton tried to bring things back to a balance between rich and poor, but then Bush Jr brought in major tax cuts for the rich. This sent us over the top, and we collapsed.How is the current financial crisis linked to Reagan?By beginning the breakdown of barriers between Banks, S%26amp;L, Insurance Co., Investment Banks. All in the name of "being competitive." Fee income became king, and the larger the risk, the larger the fee. A high risk investment does not become less risky if it is split between banks, it just affects more banks. Allowing mergers for economies of scale actually made the system and individual companies less stable, not more stable.
Would you like to put your life savings into a mortgage backed security with thousands of underlying , high yield mortgages because of higher risk, in order to yield a higher rate of return? You can also take your savings and invest in the same security stripped of the interest rate, discounted until maturity for even a larger return? All of this, of course, is done without your approval, and the trading bank generates a fee for making a market in these. Your input into this transaction is your withdrawal of $20 from the ATM. Your deposit does not earn any interest of consequence.
Did the "Super Bank" theory work out for us?How is the current financial crisis linked to Reagan?
It isint.
Clinton had the largest deregulation of the banking systems, but noone seems to acknowledge that. See Glass-Stegal
As well, they simplay parrot "reagan, Deregulation" witout being able to site any specific examples of WHAT deregulation it was that did this.How is the current financial crisis linked to Reagan?Reagan created the current Republican party but had a brain. Without someone with a brain leading it, you have tax cuts all the time and deregulation all the time, without knowing that sometimes you need to increase taxes and increase regulation.How is the current financial crisis linked to Reagan?
the crisis is bad and reagan was a republican so they must be associated. i think that is the lefts reasoning.
in reality reaganomics pulled us out of the carter recession and gave us our longest period of peacetime growth in our history.How is the current financial crisis linked to Reagan?The financial crisis is in part caused by our abandonment of Reagan's conservative economic policies. The length of the crisis will be extended due to the fact that we continue to ignore Reagan's economic principles.How is the current financial crisis linked to Reagan?
Does the word deregulation ring a bell?
Would you like to put your life savings into a mortgage backed security with thousands of underlying , high yield mortgages because of higher risk, in order to yield a higher rate of return? You can also take your savings and invest in the same security stripped of the interest rate, discounted until maturity for even a larger return? All of this, of course, is done without your approval, and the trading bank generates a fee for making a market in these. Your input into this transaction is your withdrawal of $20 from the ATM. Your deposit does not earn any interest of consequence.
Did the "Super Bank" theory work out for us?How is the current financial crisis linked to Reagan?
It isint.
Clinton had the largest deregulation of the banking systems, but noone seems to acknowledge that. See Glass-Stegal
As well, they simplay parrot "reagan, Deregulation" witout being able to site any specific examples of WHAT deregulation it was that did this.How is the current financial crisis linked to Reagan?Reagan created the current Republican party but had a brain. Without someone with a brain leading it, you have tax cuts all the time and deregulation all the time, without knowing that sometimes you need to increase taxes and increase regulation.How is the current financial crisis linked to Reagan?
the crisis is bad and reagan was a republican so they must be associated. i think that is the lefts reasoning.
in reality reaganomics pulled us out of the carter recession and gave us our longest period of peacetime growth in our history.How is the current financial crisis linked to Reagan?The financial crisis is in part caused by our abandonment of Reagan's conservative economic policies. The length of the crisis will be extended due to the fact that we continue to ignore Reagan's economic principles.How is the current financial crisis linked to Reagan?
Does the word deregulation ring a bell?
Why is the main stream media not covering the Democrat party part in this financial crisis?
They are trying to help him (Nobama) to win the election.. that is what they intend to do.Why is the main stream media not covering the Democrat party part in this financial crisis?It's been well established that the media is in the itsy bitsy pocket of Obama, and will go out of their way to make sure he gets elected.Why is the main stream media not covering the Democrat party part in this financial crisis?
To my Knowledge, they have adequately covered the entirely inappropriate and partisan speech given yesterday by Nancy Pelosi, who "chose politics over statesmanship". Barney Frank added his gay perspective, also. Pure crud!!!Why is the main stream media not covering the Democrat party part in this financial crisis?They don't wish to air their dirty laundry.
Because it was republican party mistake why should they cover the democratic party, don't try to blame someone else for your parties mistakes.Why is the main stream media not covering the Democrat party part in this financial crisis?They want Obama elected. It is that simple.Why is the main stream media not covering the Democrat party part in this financial crisis?
because they are in bed with the democrats. the media is liberal
It's an obvious partisan strategy to put the blame on the republicans and off the Democrats this whole election is media based and very biased. They will take credit if the bailout is good and blame the republicans if It sucks. Obama refuses to have any input to the bailout this keeps him clear of any downfall and I bet you he takes full credit for doing nothing typical Obama.Why is the main stream media not covering the Democrat party part in this financial crisis?
Its so complicated and deeply entrenched with those people who finance both parties. They buy our Congressmen/women.
That would be fair and balanced reporting, and that is DEFINITELY not what CNN, MSNBC and NBC are about.
They want their candidate elected at all costs, which evidently includes their reputation.
CNN had many year ago established themselves as a reliable source of news, but this current election campaign has proven them as nothing more than a democrat propaganda tool. They will suffer for this, as people around the world now see that their bias puts all of their news in a questionable light.
The big media winners from this campaign are FOX News, and for the most balanced reporting in the world, the BBC.
Just watch Fox News. They will tell you what you want to hear.
Just watch Fox News. They will tell you what you want to hear.
To my Knowledge, they have adequately covered the entirely inappropriate and partisan speech given yesterday by Nancy Pelosi, who "chose politics over statesmanship". Barney Frank added his gay perspective, also. Pure crud!!!Why is the main stream media not covering the Democrat party part in this financial crisis?They don't wish to air their dirty laundry.
Because it was republican party mistake why should they cover the democratic party, don't try to blame someone else for your parties mistakes.Why is the main stream media not covering the Democrat party part in this financial crisis?They want Obama elected. It is that simple.Why is the main stream media not covering the Democrat party part in this financial crisis?
because they are in bed with the democrats. the media is liberal
It's an obvious partisan strategy to put the blame on the republicans and off the Democrats this whole election is media based and very biased. They will take credit if the bailout is good and blame the republicans if It sucks. Obama refuses to have any input to the bailout this keeps him clear of any downfall and I bet you he takes full credit for doing nothing typical Obama.Why is the main stream media not covering the Democrat party part in this financial crisis?
Its so complicated and deeply entrenched with those people who finance both parties. They buy our Congressmen/women.
That would be fair and balanced reporting, and that is DEFINITELY not what CNN, MSNBC and NBC are about.
They want their candidate elected at all costs, which evidently includes their reputation.
CNN had many year ago established themselves as a reliable source of news, but this current election campaign has proven them as nothing more than a democrat propaganda tool. They will suffer for this, as people around the world now see that their bias puts all of their news in a questionable light.
The big media winners from this campaign are FOX News, and for the most balanced reporting in the world, the BBC.
Just watch Fox News. They will tell you what you want to hear.
Just watch Fox News. They will tell you what you want to hear.
Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?
I mean.. How does that work??
Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?This is what happens when only 50% of the country votes and less than 10% of those voters are actually well-informed and paying attention.Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?Because the people put them in there in 2006.
Heres a little idea i have.
See what you think.
http://answers.yahoo.com/question/index?鈥?/a>Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?it wasnt the government that caused the crisis or nto all there fault,
it started out b/c of all the greedy Americans who believe b/c they live in america they should have a big home so they went out and asked for a loan and since bill Clinton pretty much dumped all the restrictions on loans when he was president the bank loan them some money and made it sound fancy it has adjustable rates but people are really dumb and there like wow only 2% well we can afford that, now heres where the greedy banks come in them knowing that these people have no idea what there doing and are in way over there head give them these huge loans so they can by these big houses, knowing they will not be able to pay for them when the rates go up, so all the houses that could not be afford are foreclosed which means wow the homes are the banks now, and since usually housing are going up they would be able to sell them and make a pretty sick profit but since this was happening all over the country millions and millions of times, the supply became more than the demand sooo as ever one knows prices will fall, so wait now the banks have all these homes and no one to buy them so they sell them for less now losing money on them, now heres where AIG comes in the banks look to them and say we are losing money we will sell you all these loans so they do AIG and others buy and buy all of them up and realize wait no one is paying these we have no more money we are screwed,
welcome to today, almost in another great depression
the government is trying to save us by giving 700 billion dollars to places like AIG which is smart and it will save us from entering another depression
but i hate that they will own all of those huge businesses thats y im not always for it but i dont see any other way
Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?
You are not the only one. Keep making noise about it though. It is the only way to make people continue to think about it. They are going to try to vote tomorrow and Bush is making a speech a 7:30 am. There was once a time when we had this great thing called capitalism and companies would rise and fall of their own merit. I urge you all to take a few minutes and think that this bail out is the equivalent to 2000 dollars for every man woman and child in the us. Voice your opinion and remind the elected officials who they work for. Contact the places below and change our history!
Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?This is what happens when only 50% of the country votes and less than 10% of those voters are actually well-informed and paying attention.Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?Because the people put them in there in 2006.
Heres a little idea i have.
See what you think.
http://answers.yahoo.com/question/index?鈥?/a>Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?it wasnt the government that caused the crisis or nto all there fault,
it started out b/c of all the greedy Americans who believe b/c they live in america they should have a big home so they went out and asked for a loan and since bill Clinton pretty much dumped all the restrictions on loans when he was president the bank loan them some money and made it sound fancy it has adjustable rates but people are really dumb and there like wow only 2% well we can afford that, now heres where the greedy banks come in them knowing that these people have no idea what there doing and are in way over there head give them these huge loans so they can by these big houses, knowing they will not be able to pay for them when the rates go up, so all the houses that could not be afford are foreclosed which means wow the homes are the banks now, and since usually housing are going up they would be able to sell them and make a pretty sick profit but since this was happening all over the country millions and millions of times, the supply became more than the demand sooo as ever one knows prices will fall, so wait now the banks have all these homes and no one to buy them so they sell them for less now losing money on them, now heres where AIG comes in the banks look to them and say we are losing money we will sell you all these loans so they do AIG and others buy and buy all of them up and realize wait no one is paying these we have no more money we are screwed,
welcome to today, almost in another great depression
the government is trying to save us by giving 700 billion dollars to places like AIG which is smart and it will save us from entering another depression
but i hate that they will own all of those huge businesses thats y im not always for it but i dont see any other way
Am I the only one that has a problem with those that caused this financial crisis writing the bill to fix it?
You are not the only one. Keep making noise about it though. It is the only way to make people continue to think about it. They are going to try to vote tomorrow and Bush is making a speech a 7:30 am. There was once a time when we had this great thing called capitalism and companies would rise and fall of their own merit. I urge you all to take a few minutes and think that this bail out is the equivalent to 2000 dollars for every man woman and child in the us. Voice your opinion and remind the elected officials who they work for. Contact the places below and change our history!
I need help understanding the financial crisis we are in?
i heard the the whole crisis we are in started because of people not being able to pay their loans, and if this is true, how did it cause this big crisis?I need help understanding the financial crisis we are in?There are many many factor to the crisis we are having right now, but use this example to think of others in the future.
You want a car.
You have bad credit.
You go to the bank and because the girl liked you/you are family/they felt sorry for you/they wanted your business/or for whatever reason, they gave you the loan.
In a few months time, you get behind on your loan payments thus, the bank is not getting paid.
Everyone lost. You lost your car, the bank lost your business and whoever the bank gets their money from (themselves) they lost the money.
Over time and over so many losses, these mortage companies/banks have lost their money.
It also does not help that we have many huge corporations that have CEO, CFO and other executives that were paid millions while the underdogs/workers weren't paid well and ended up losing their jobs. They paid the big bucks to people who were crooks and who lost the company when they shouldv'e paid the big bucks to the workers, who made the company.
Hope this helps a little.I need help understanding the financial crisis we are in?the econemy is goin doun, goin doun, goin doun. the econemy is goin doun, poor old nave
like my song????I need help understanding the financial crisis we are in?Read "Crash Proof by: Peter Schiff. (2007)
Everything in this book is happening! It also explains how we got into this mess
Peter Schiff has been warning everyone of a crisis since 2006 or earlier.mercedes benz usa car battery
You want a car.
You have bad credit.
You go to the bank and because the girl liked you/you are family/they felt sorry for you/they wanted your business/or for whatever reason, they gave you the loan.
In a few months time, you get behind on your loan payments thus, the bank is not getting paid.
Everyone lost. You lost your car, the bank lost your business and whoever the bank gets their money from (themselves) they lost the money.
Over time and over so many losses, these mortage companies/banks have lost their money.
It also does not help that we have many huge corporations that have CEO, CFO and other executives that were paid millions while the underdogs/workers weren't paid well and ended up losing their jobs. They paid the big bucks to people who were crooks and who lost the company when they shouldv'e paid the big bucks to the workers, who made the company.
Hope this helps a little.I need help understanding the financial crisis we are in?the econemy is goin doun, goin doun, goin doun. the econemy is goin doun, poor old nave
like my song????I need help understanding the financial crisis we are in?Read "Crash Proof by: Peter Schiff. (2007)
Everything in this book is happening! It also explains how we got into this mess
Peter Schiff has been warning everyone of a crisis since 2006 or earlier.
What are the similarities of all the financial crisis?
People who were corrupt caused it and no one was smart enough to set up a get out plan. In addition, all of the countries, minus a few, acted like a teenage girl with a credit card, out with her friends, trying to show off, and then the bill came to the house and reality set in for them. In addition, countries lacked regulation and common sense(5% returns for 25 years straight seems a bit fishy).What are the similarities of all the financial crisis?That by the end of the month your still broke
What actions were taken to fix the financial crisis?
I'm sorry, but where have you been for the last 3 years? This is the wrong forum - go to the library.
Anybody think we've reached the "bottom" of this financial crisis?
I read a lot about how the last 8 years have resulted in the current mess and that "how much worse could it possibly get"
A Nine Inch Nails lyric comes to mind:
"He thought he lost everything, then he lost a whole lot more."
Isn't it too early to assume the worst of the financial crisis is over?----all numbers seem to say Yes, much too early.Anybody think we've reached the "bottom" of this financial crisis?Downward Spiral is exactly what we are headed into.Anybody think we've reached the "bottom" of this financial crisis?
It's not over. Nor is it the fault of Republican or Democrats alone. It is JUST as much the fault of the American people who took out loans they could not pay back.
Just because you CAN do something does not mean that you should.Anybody think we've reached the "bottom" of this financial crisis?I think it's going way more down :)
Its going to boom like it has never boomed before but this time it will be for all of us not just groups . But Bush has to go first .Anybody think we've reached the "bottom" of this financial crisis?i dont think there is a bottom =[Anybody think we've reached the "bottom" of this financial crisis?
yeah we are so not even close yet!! sorry but ture
Not at all.
We had some hope of recovery with McCain and his promise to cut taxes for businesses.
Democrats in charge will almost definitely raise taxes because that's the only way they know how to get a balanced budget. Cutting spending isn't in their vocabulary.
Raising taxes will give Obama the gift of recession, and he can't hang it on Bush if it lasts throughout his first 4 years.Anybody think we've reached the "bottom" of this financial crisis?
i don't think that the worst of the financial crisis is here
i think it can get a lot worst, personally
and i live in the US, u might not
but here our new president elect (obama)
is gonna tax us 8% more on just about everyone
and i know for a fact most cannot afford this
and my family is gonna go more into the hole
but perhaps after this, something better might happen
I think we are heading in the right direction with the dropping fuel prices, if they will stay down.
We still have 1-2 years for more adjustable rate mortgages to explode. Beyond that we have the baby boomers hunger for social security money that they didn't earn, which means taking more money from the working young! Now the Congress is controlled by unions. This country has squandered any advantage or wealth that it once had. Get ready to live in a third world country.
Government (not one 'bad' party vs one 'good' party) is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.
And if we ask government whether we've hit bottom, they'd be at a loss to find their own bottoms. If we ask if things could go any further down or are they on the way up, they'd be confused by words like, "up".
Anyone who believes that either Clinton or Bush was an angel or a devil can thank the media. Not reality.
no....please watch a documentary.. :America, freedom to fascism. if you go to alluc, and then search documentary's and then search through the genres to find politics, you will find it.
Do any of you remember the Great Depression?
Read a history book.
only 8 years huh? If you really want to get to the answers youd have to go back 16 years, Bill Clinton era.
Clinton enacted NAFTA...one of the single largest reasons alone this countries infrastructure when to shiit. Not an opinion, its a fact, read some more.
Bush actually wasnt a "bad" pres. History will show this.
Obama thinks he can simply go over to Iran and smile and everything will be fine...same with Iraq.....Hes an idiot, and hes going to get alot more Americans killed than Bush ever did.
Oh, one more little fact...Bill Clinton killed more of our american troops than Bush did. that also is a fact. Not opinion. read more.... dispute it all you want....a facts a fact.
as well as the history of Democrates in office...through out americas history is ALWAYS been the dems that got us into wars and ruined our economy. another nice fact.....
I reckon you Dems have your heads soo far up your arses you wont bother to take the time to educate yourselves before defending something you know little about.
no.....no matter what it could be much MUCH worse
Yes, we are at the beginning not the end of this, you can count on another two years of decline and then a period of steadiness before a mild climb.
How deep its going to be is the question, I'm looking for the market to bottom at five thousand, and not go up for quite a while.
This isn't just the US, its the world.
No...It is going to worse before it gets better.
Frankly, no.
I think we'll see a few waves of unemployment pass through the economic system, through layoffs and closures. Then, slowly, we'll start to see a turnaround -- first in the stock market, and then through the rest of the economy.
Yes. I think so.
Of course, I thought that yesterday. And the day before that. and the day before that. and ...
unfortunately i have been told that it has not seen the worse yet, that there is still a few more years for it to crash and in 4 odd years we will start to see the market return to its best.
its its a scarey thought but really just gotta take each day as it comes and not get too involved!!! my advice - dont invest. for everyones losses - things will gradually increase to norm, no need for heart failure.
all that has affected me is lower petrol prices and interest rates (since i dont invest) come on it cant be THAT bad :P
Tip: Be positive.
They (experts) expect this to continue through 2009 until 2010...
Its going to be a tough road and they've been saying this since very early October...but watch, this will turn into a partisan mess again.
None of this was unforeseen or unexpected.
Yes. I think so, but it is a long way from being over.
this started well before 8 years ago.fess up to the truth.this was by no means bush's baby.but everyone voted obama in to fix it,so let him!
A Nine Inch Nails lyric comes to mind:
"He thought he lost everything, then he lost a whole lot more."
Isn't it too early to assume the worst of the financial crisis is over?----all numbers seem to say Yes, much too early.Anybody think we've reached the "bottom" of this financial crisis?Downward Spiral is exactly what we are headed into.Anybody think we've reached the "bottom" of this financial crisis?
It's not over. Nor is it the fault of Republican or Democrats alone. It is JUST as much the fault of the American people who took out loans they could not pay back.
Just because you CAN do something does not mean that you should.Anybody think we've reached the "bottom" of this financial crisis?I think it's going way more down :)
Its going to boom like it has never boomed before but this time it will be for all of us not just groups . But Bush has to go first .Anybody think we've reached the "bottom" of this financial crisis?i dont think there is a bottom =[Anybody think we've reached the "bottom" of this financial crisis?
yeah we are so not even close yet!! sorry but ture
Not at all.
We had some hope of recovery with McCain and his promise to cut taxes for businesses.
Democrats in charge will almost definitely raise taxes because that's the only way they know how to get a balanced budget. Cutting spending isn't in their vocabulary.
Raising taxes will give Obama the gift of recession, and he can't hang it on Bush if it lasts throughout his first 4 years.Anybody think we've reached the "bottom" of this financial crisis?
i don't think that the worst of the financial crisis is here
i think it can get a lot worst, personally
and i live in the US, u might not
but here our new president elect (obama)
is gonna tax us 8% more on just about everyone
and i know for a fact most cannot afford this
and my family is gonna go more into the hole
but perhaps after this, something better might happen
I think we are heading in the right direction with the dropping fuel prices, if they will stay down.
We still have 1-2 years for more adjustable rate mortgages to explode. Beyond that we have the baby boomers hunger for social security money that they didn't earn, which means taking more money from the working young! Now the Congress is controlled by unions. This country has squandered any advantage or wealth that it once had. Get ready to live in a third world country.
Government (not one 'bad' party vs one 'good' party) is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.
And if we ask government whether we've hit bottom, they'd be at a loss to find their own bottoms. If we ask if things could go any further down or are they on the way up, they'd be confused by words like, "up".
Anyone who believes that either Clinton or Bush was an angel or a devil can thank the media. Not reality.
no....please watch a documentary.. :America, freedom to fascism. if you go to alluc, and then search documentary's and then search through the genres to find politics, you will find it.
Do any of you remember the Great Depression?
Read a history book.
only 8 years huh? If you really want to get to the answers youd have to go back 16 years, Bill Clinton era.
Clinton enacted NAFTA...one of the single largest reasons alone this countries infrastructure when to shiit. Not an opinion, its a fact, read some more.
Bush actually wasnt a "bad" pres. History will show this.
Obama thinks he can simply go over to Iran and smile and everything will be fine...same with Iraq.....Hes an idiot, and hes going to get alot more Americans killed than Bush ever did.
Oh, one more little fact...Bill Clinton killed more of our american troops than Bush did. that also is a fact. Not opinion. read more.... dispute it all you want....a facts a fact.
as well as the history of Democrates in office...through out americas history is ALWAYS been the dems that got us into wars and ruined our economy. another nice fact.....
I reckon you Dems have your heads soo far up your arses you wont bother to take the time to educate yourselves before defending something you know little about.
no.....no matter what it could be much MUCH worse
Yes, we are at the beginning not the end of this, you can count on another two years of decline and then a period of steadiness before a mild climb.
How deep its going to be is the question, I'm looking for the market to bottom at five thousand, and not go up for quite a while.
This isn't just the US, its the world.
No...It is going to worse before it gets better.
Frankly, no.
I think we'll see a few waves of unemployment pass through the economic system, through layoffs and closures. Then, slowly, we'll start to see a turnaround -- first in the stock market, and then through the rest of the economy.
Yes. I think so.
Of course, I thought that yesterday. And the day before that. and the day before that. and ...
unfortunately i have been told that it has not seen the worse yet, that there is still a few more years for it to crash and in 4 odd years we will start to see the market return to its best.
its its a scarey thought but really just gotta take each day as it comes and not get too involved!!! my advice - dont invest. for everyones losses - things will gradually increase to norm, no need for heart failure.
all that has affected me is lower petrol prices and interest rates (since i dont invest) come on it cant be THAT bad :P
Tip: Be positive.
They (experts) expect this to continue through 2009 until 2010...
Its going to be a tough road and they've been saying this since very early October...but watch, this will turn into a partisan mess again.
None of this was unforeseen or unexpected.
Yes. I think so, but it is a long way from being over.
this started well before 8 years ago.fess up to the truth.this was by no means bush's baby.but everyone voted obama in to fix it,so let him!
Is Malaysia experiencing the financial Crisis?
Hi. I'm just wondering if the financial crisis have had an effect on the Real Estate market of KL?
Have the prices come down in the past year? Or are they holding still without much going on in the market?
Or is it a case of business as usual for malaysia?
hanks for the answersIs Malaysia experiencing the financial Crisis?i think the real estate market is not affected much, it still holds strong and going higher everytime. places like KL is growing rapidly. so to summarise, yes..business is like usual in Malaysia.Is Malaysia experiencing the financial Crisis?The financial crises is affecting mainly the industrialized countries [manufacturing]....3rd world [technically] Malaysia is not yet in that league....so not much affected.
Have the prices come down in the past year? Or are they holding still without much going on in the market?
Or is it a case of business as usual for malaysia?
hanks for the answersIs Malaysia experiencing the financial Crisis?i think the real estate market is not affected much, it still holds strong and going higher everytime. places like KL is growing rapidly. so to summarise, yes..business is like usual in Malaysia.Is Malaysia experiencing the financial Crisis?The financial crises is affecting mainly the industrialized countries [manufacturing]....3rd world [technically] Malaysia is not yet in that league....so not much affected.
Is the financial crisis the legacy of the Clinton Presidency?
you betcha
it was the democrats who thought it would be a good idea for all Americans to own their own homes
whether they could afford them or not
this is affirmative action with the Clinton spin on it
Bubba really believed in this nonsenseIs the financial crisis the legacy of the Clinton Presidency?No Reagan's Presidency!Is the financial crisis the legacy of the Clinton Presidency?
Bush had 6 years of a rubber stamp republican congress that gave him EVERYTHING he asked for and 2 years of a do nothing democrat controlled congress with no veto override power so you do the mathIs the financial crisis the legacy of the Clinton Presidency?Nice try, but it won't work. The bad loans that are coming due were made from 2002 through 2006. Clinton was long gone.
No. When Clinton left office, there was like, NO national debt.Is the financial crisis the legacy of the Clinton Presidency?Uh, no. He hasn't been the president for over 7 years almost 8 years.Is the financial crisis the legacy of the Clinton Presidency?
He did sign that Gramm bill that laregly led to the deregulation.
But I think a larger portion of the blame falls on the republicans that wrote the bill.
Yes. Clinton thought everyone deserved a house and eased the loan restrictions on mortgages. Everyone wants to blame Reagan, but that was part of Billy Boy's legacy.
EDIT:
Here is a little proof from the LA Times in 1999.
Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply.
http://articles.latimes.com/1999/may/31/鈥?/a>Is the financial crisis the legacy of the Clinton Presidency?
That is what I was told. Clinton was behind the deregulation of the banking industry and also was pushing to get low income people into their first homes. That was behind the housing bubble, the sub prime loans Clinton pushed on the banking industry is what burst the bubble. That having been said, a person making $40K a year buying a $400K house shares the blame because there is no way they could afford to do that, they knew that, and they share an equal amount of the blame if you ask me.
It appears to be more Democrats doing, and no one undoing,
This is a typical Republican thinking; deny responsibility and deflect blame.
Perhaps you forget who controlled Congress during the Clinton Presidency...here's a hint, it wasn't the Democrats.
Well the Carter and Clinton legacy.
The financial crisis, is a great example of socialism run rampant.
It is like in india,
The government there, ordered the main oil companies in India, to sell gasoline, for less than it cost to produce it.
Then they acted surprised when those Oil companies went bankrupt.
When all of the facts come out in a few months, and they will, this is going to be the largest albatross around the democrat's necks ever and they will carry that albatross for years to come. And as usual, the democrats will try to blame the republicans but it won't work because I believe several prominent democrats will end their careers in prison. The democrats want this bailout done in a hurry to avoid the public finding out about how deep their hands are in the cookie jar.
Partly Clinton's by pushing GLBA and CRA.
Mostly the fault of the BungleBush by sabotaging OCC and everything else. This is one of the few times where he had an goal - in this case destroy somebody standing in his way - and actually accomplished the goal. His ultimate goal is to hasten the end of the world and achieve maranatha for his ilk ASAP. He's doing great.so far.
http://en.wikipedia.org/wiki/Community_R鈥?/a>
http://en.wikipedia.org/wiki/Gramm-Leach鈥?/a>
http://www.washingtonpost.com/wp-dyn/con鈥?/a>
In other words, if Spitzer didn't go whoring around, we wouldn't be in this mess today.
Actually the Community Reinvestment Act goes back to Carter. Clinton merely started enforcing it.valvoline instant oil change traffic school
it was the democrats who thought it would be a good idea for all Americans to own their own homes
whether they could afford them or not
this is affirmative action with the Clinton spin on it
Bubba really believed in this nonsenseIs the financial crisis the legacy of the Clinton Presidency?No Reagan's Presidency!Is the financial crisis the legacy of the Clinton Presidency?
Bush had 6 years of a rubber stamp republican congress that gave him EVERYTHING he asked for and 2 years of a do nothing democrat controlled congress with no veto override power so you do the mathIs the financial crisis the legacy of the Clinton Presidency?Nice try, but it won't work. The bad loans that are coming due were made from 2002 through 2006. Clinton was long gone.
No. When Clinton left office, there was like, NO national debt.Is the financial crisis the legacy of the Clinton Presidency?Uh, no. He hasn't been the president for over 7 years almost 8 years.Is the financial crisis the legacy of the Clinton Presidency?
He did sign that Gramm bill that laregly led to the deregulation.
But I think a larger portion of the blame falls on the republicans that wrote the bill.
Yes. Clinton thought everyone deserved a house and eased the loan restrictions on mortgages. Everyone wants to blame Reagan, but that was part of Billy Boy's legacy.
EDIT:
Here is a little proof from the LA Times in 1999.
Fannie Mae had been under increasing pressure from the Clinton administration to expand mortgage loans among low- and moderate-income people and that the corporation loosened its lending requirements to comply.
http://articles.latimes.com/1999/may/31/鈥?/a>Is the financial crisis the legacy of the Clinton Presidency?
That is what I was told. Clinton was behind the deregulation of the banking industry and also was pushing to get low income people into their first homes. That was behind the housing bubble, the sub prime loans Clinton pushed on the banking industry is what burst the bubble. That having been said, a person making $40K a year buying a $400K house shares the blame because there is no way they could afford to do that, they knew that, and they share an equal amount of the blame if you ask me.
It appears to be more Democrats doing, and no one undoing,
This is a typical Republican thinking; deny responsibility and deflect blame.
Perhaps you forget who controlled Congress during the Clinton Presidency...here's a hint, it wasn't the Democrats.
Well the Carter and Clinton legacy.
The financial crisis, is a great example of socialism run rampant.
It is like in india,
The government there, ordered the main oil companies in India, to sell gasoline, for less than it cost to produce it.
Then they acted surprised when those Oil companies went bankrupt.
When all of the facts come out in a few months, and they will, this is going to be the largest albatross around the democrat's necks ever and they will carry that albatross for years to come. And as usual, the democrats will try to blame the republicans but it won't work because I believe several prominent democrats will end their careers in prison. The democrats want this bailout done in a hurry to avoid the public finding out about how deep their hands are in the cookie jar.
Partly Clinton's by pushing GLBA and CRA.
Mostly the fault of the BungleBush by sabotaging OCC and everything else. This is one of the few times where he had an goal - in this case destroy somebody standing in his way - and actually accomplished the goal. His ultimate goal is to hasten the end of the world and achieve maranatha for his ilk ASAP. He's doing great.so far.
http://en.wikipedia.org/wiki/Community_R鈥?/a>
http://en.wikipedia.org/wiki/Gramm-Leach鈥?/a>
http://www.washingtonpost.com/wp-dyn/con鈥?/a>
In other words, if Spitzer didn't go whoring around, we wouldn't be in this mess today.
Actually the Community Reinvestment Act goes back to Carter. Clinton merely started enforcing it.
Will the people who caused the GFC (global financial crisis) ever be brought to justice?
Many many people have been devastated by the decisions made by;
A) The American government who changed the financial lending rules to allow bank loans to be made to people who couldn't repay them %26amp;
B) The bank managers who then encouraged and actually made these loans.
Will these people ever be brought to a court of law to be sued/punished for the devastation they have caused or will they be allowed to enjoy their multi-million dollar pay outs at the expense of half the world's population (including me)?Will the people who caused the GFC (global financial crisis) ever be brought to justice?Short answer - No.
Who caused it exactly?
Was it the people who bought a $600,000 home when all they could really afford was a $100,000 home? Yes.
Was it the mortgage companies fault for offering them a $600,000 loan? Yes.
Was it the Bond rating companies that rated huge blocks of worthless loans AAA? Yes.
I could keep going but the answer is human nature or greed was to blame, so all of us were guilty.
If we all went to trial who would be left to serve in the jury ;)Will the people who caused the GFC (global financial crisis) ever be brought to justice?Since most of them are still sitting members of the House and Senate, and they have a majority, my guess would be no.Will the people who caused the GFC (global financial crisis) ever be brought to justice?No. Justice is only possible when causation can be established.
In this case there are too many causes. Often to determine causation a 'but for..' test is used. But for the actions of the politicians who changed the financial lending rules would the GFC have happened? But for the bank managers... etc.
But here it is too complicated, lest we forget it is people who enter into a contract without the capacity to pay back the money that have truly caused the crisis (that's my personal harsh view). If you can't pay money back don't borrow it. The problem is that those people who enter into these contracts are sometimes the most vulnerable people in society who need protection which is where your point comes in.
A) The American government who changed the financial lending rules to allow bank loans to be made to people who couldn't repay them %26amp;
B) The bank managers who then encouraged and actually made these loans.
Will these people ever be brought to a court of law to be sued/punished for the devastation they have caused or will they be allowed to enjoy their multi-million dollar pay outs at the expense of half the world's population (including me)?Will the people who caused the GFC (global financial crisis) ever be brought to justice?Short answer - No.
Who caused it exactly?
Was it the people who bought a $600,000 home when all they could really afford was a $100,000 home? Yes.
Was it the mortgage companies fault for offering them a $600,000 loan? Yes.
Was it the Bond rating companies that rated huge blocks of worthless loans AAA? Yes.
I could keep going but the answer is human nature or greed was to blame, so all of us were guilty.
If we all went to trial who would be left to serve in the jury ;)Will the people who caused the GFC (global financial crisis) ever be brought to justice?Since most of them are still sitting members of the House and Senate, and they have a majority, my guess would be no.Will the people who caused the GFC (global financial crisis) ever be brought to justice?No. Justice is only possible when causation can be established.
In this case there are too many causes. Often to determine causation a 'but for..' test is used. But for the actions of the politicians who changed the financial lending rules would the GFC have happened? But for the bank managers... etc.
But here it is too complicated, lest we forget it is people who enter into a contract without the capacity to pay back the money that have truly caused the crisis (that's my personal harsh view). If you can't pay money back don't borrow it. The problem is that those people who enter into these contracts are sometimes the most vulnerable people in society who need protection which is where your point comes in.
How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
Are you kidding us with this question? Do you realize, because there is no secure banking in Iraq, that wooden pallets piled 4 feet high with bundles of $100 bills were routinely shipped to Iraq? Pallet upon pallet, guarded and delivered by contractors. If all that money was distributed to the financially-challenged citizens of amurica most would now have a home and could have bought a new car and started college funds for their kids. Okay, a slight exaggeration (maybe) but food would be on every table..........cheersHow much money have we spent in Iraq, and would that money have helped us in our current financial crisis?We have spent Billions in Iraq. And yes it would have helped us in our economy.
The downside to this is that a dictator (Hussein) would still be in control of Iraq wiping his feet on the American flag and clapping when terrorist flew suicide planes into buildings taking American lives. The Terrorist organizations would still be as strong as ever and would be growing. Not hiding in holes like they are now.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
What we spent in Iraq for money is immaterial because it was all borrowed cash. Bush didn't run it out of the military budget, he went to Congress twice a year for 'emergency' funds to keep the war going. so no, it couldn't have helped except that not spending it would have meant a lower deficit.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?Probably around $635 Billion total, so far..... [compare that to the the "Stimulus Package".. a product of the same people who brought us AFFORDABLE HOUSING!*]
http://zfacts.com/p/447.html
And much of that money DID help the economy.
Military pay and benefits; purchases of supplies; weapons manufacture; contractor services ... etc.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
better to use it fighting terrorists who wish us harm, rater than yet another failed government program, that wast,s more than it accomplishes.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?BULLSHIT
The downside to this is that a dictator (Hussein) would still be in control of Iraq wiping his feet on the American flag and clapping when terrorist flew suicide planes into buildings taking American lives. The Terrorist organizations would still be as strong as ever and would be growing. Not hiding in holes like they are now.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
What we spent in Iraq for money is immaterial because it was all borrowed cash. Bush didn't run it out of the military budget, he went to Congress twice a year for 'emergency' funds to keep the war going. so no, it couldn't have helped except that not spending it would have meant a lower deficit.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?Probably around $635 Billion total, so far..... [compare that to the the "Stimulus Package".. a product of the same people who brought us AFFORDABLE HOUSING!*]
http://zfacts.com/p/447.html
And much of that money DID help the economy.
Military pay and benefits; purchases of supplies; weapons manufacture; contractor services ... etc.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?
better to use it fighting terrorists who wish us harm, rater than yet another failed government program, that wast,s more than it accomplishes.How much money have we spent in Iraq, and would that money have helped us in our current financial crisis?BULLSHIT
How is the current financial crisis linked to Reagan?
Reagan came up with "trickle down economics". Let the rich suck up all the country's wealth, and then they will create jobs for the people. But what happened was they just sucked up the wealth but didn't give Americans jobs. Instead they hired cheap labor overseas, where they don't have to worry about human rights or health care expenses. Clinton tried to bring things back to a balance between rich and poor, but then Bush Jr brought in major tax cuts for the rich. This sent us over the top, and we collapsed.How is the current financial crisis linked to Reagan?By beginning the breakdown of barriers between Banks, S%26amp;L, Insurance Co., Investment Banks. All in the name of "being competitive." Fee income became king, and the larger the risk, the larger the fee. A high risk investment does not become less risky if it is split between banks, it just affects more banks. Allowing mergers for economies of scale actually made the system and individual companies less stable, not more stable.
Would you like to put your life savings into a mortgage backed security with thousands of underlying , high yield mortgages because of higher risk, in order to yield a higher rate of return? You can also take your savings and invest in the same security stripped of the interest rate, discounted until maturity for even a larger return? All of this, of course, is done without your approval, and the trading bank generates a fee for making a market in these. Your input into this transaction is your withdrawal of $20 from the ATM. Your deposit does not earn any interest of consequence.
Did the "Super Bank" theory work out for us?How is the current financial crisis linked to Reagan?
It isint.
Clinton had the largest deregulation of the banking systems, but noone seems to acknowledge that. See Glass-Stegal
As well, they simplay parrot "reagan, Deregulation" witout being able to site any specific examples of WHAT deregulation it was that did this.How is the current financial crisis linked to Reagan?Reagan created the current Republican party but had a brain. Without someone with a brain leading it, you have tax cuts all the time and deregulation all the time, without knowing that sometimes you need to increase taxes and increase regulation.How is the current financial crisis linked to Reagan?
the crisis is bad and reagan was a republican so they must be associated. i think that is the lefts reasoning.
in reality reaganomics pulled us out of the carter recession and gave us our longest period of peacetime growth in our history.How is the current financial crisis linked to Reagan?The financial crisis is in part caused by our abandonment of Reagan's conservative economic policies. The length of the crisis will be extended due to the fact that we continue to ignore Reagan's economic principles.How is the current financial crisis linked to Reagan?
Does the word deregulation ring a bell?
Would you like to put your life savings into a mortgage backed security with thousands of underlying , high yield mortgages because of higher risk, in order to yield a higher rate of return? You can also take your savings and invest in the same security stripped of the interest rate, discounted until maturity for even a larger return? All of this, of course, is done without your approval, and the trading bank generates a fee for making a market in these. Your input into this transaction is your withdrawal of $20 from the ATM. Your deposit does not earn any interest of consequence.
Did the "Super Bank" theory work out for us?How is the current financial crisis linked to Reagan?
It isint.
Clinton had the largest deregulation of the banking systems, but noone seems to acknowledge that. See Glass-Stegal
As well, they simplay parrot "reagan, Deregulation" witout being able to site any specific examples of WHAT deregulation it was that did this.How is the current financial crisis linked to Reagan?Reagan created the current Republican party but had a brain. Without someone with a brain leading it, you have tax cuts all the time and deregulation all the time, without knowing that sometimes you need to increase taxes and increase regulation.How is the current financial crisis linked to Reagan?
the crisis is bad and reagan was a republican so they must be associated. i think that is the lefts reasoning.
in reality reaganomics pulled us out of the carter recession and gave us our longest period of peacetime growth in our history.How is the current financial crisis linked to Reagan?The financial crisis is in part caused by our abandonment of Reagan's conservative economic policies. The length of the crisis will be extended due to the fact that we continue to ignore Reagan's economic principles.How is the current financial crisis linked to Reagan?
Does the word deregulation ring a bell?
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