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| The economy, is it good or bad. (Page 68/181) |
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Red88FF
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OCT 10, 08:23 PM
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| quote | Originally posted by 84fiero123:
But you find it funny that others who are less fortunate than many of us here are in the crapper.
And insist that all their problems are their fault, no one else’s. in some cases that is true, but in many, many others it is not.
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I don't remember ANYBODY here laughing at the losers, if you can point it out to us I would like to see it! I mean really just where did ANYBODY write, say, or laugh at anyone and their misfortune. Just cause one has no sympathy does not mean they are laughing at them. I fell truly sorry for those idiots.
I think I quite clearly addressed the fault issue in a previous post. get a grip.[This message has been edited by Red88FF (edited 10-10-2007).]
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84fiero123
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OCT 10, 08:24 PM
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| quote | Originally posted by aceman:
This has what to do with our economy, Steve?
How far can you puff that chest out? |
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You keep saying it is all the peoples fault who over extended themselves that they lost there homes. I stated a fact of something that happened to me, granted I was in better shape than most before my stroke but even so I almost became one of those people who lost there homes.
That has bearing on the economic situation, some of those people didn’t have big credit card bills just rent or mortgages yet they are still on the streets.
Most people are not able to do what I did and that has to do with the economy.
Again, could you?------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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84fiero123
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OCT 10, 08:26 PM
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| quote | Originally posted by Red88FF:
QUOTE]Originally posted by 84fiero123:
But you find it funny that others who are less fortunate than many of us here are in the crapper.
And insist that all their problems are their fault, no one else’s. in some cases that is true, but in many, many others it is not.
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I don't remember ANYBODY here laughing at the losers, if you can point it out to us I would like to see it! I mean really just where did ANYBODY write, say, or laugh at anyone and their misfortune. Just cause one has no sympathy does not mean they are laughing at them. I fell truly sorry for those idiots.
I think I quite clearly addressed the fault issue in a previous post. get a grip.
[/QUOTE]
funny was a bad choice for the post, but to call them idiots is not any better.------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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84Bill
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OCT 10, 08:27 PM
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Merrill Lynch to Post 3Q Loss
Investment bank Merrill Lynch & Co. said Friday credit and mortgage woes will lead it to post a third-quarter loss, as it takes almost $5 billion ...
UBS to Post $690M 3Q Loss
UBS, Europe's biggest bank, on Monday became the first of the world's largest lenders to post a loss in the third quarter after writing off $3.42 billion for the value of securities backed by mortgages..
Sovereign Bancorp Sees 3rd Quarter Loan-Loss Provision $155M-$165M
Washington Mutual 3Q Earnings to Tumble
Washington Mutual said its loan loss provision for the quarter will total $975 million
Citigroup warns its 3rd-quarter earnings will fall
J.P. Morgan Chase and Bank of America are expected to reveal losses
of about $3 billion on holdings of mortgage securities and leveraged loans when they report third-quarter results this month. This would take to more than $20 billion the total write-downs announced by the world's leading banks as a result of the credit market turmoil over the summer
Yes yes... Fine fine fine... 
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aceman
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OCT 10, 08:31 PM
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| quote | Originally posted by 84fiero123:
You keep saying it is all the peoples fault who over extended themselves that they lost there homes. I stated a fact of something that happened to me, granted I was in better shape than most before my stroke but even so I almost became one of those people who lost there homes.
That has bearing on the economic situation, some of those people didn’t have big credit card bills just rent or mortgages yet they are still on the streets.
Most people are not able to do what I did and that has to do with the economy.
Again, could you?
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This has what to do with our economy?
Again, Steve, you can't grasp a concept.
Your stroke is not a key factor in our (The U.S.) economy.
Somebody overextending themselves is not a key factor in our economy.
The lending institution allowing idiots to overextend themselves is a key factor. But them in themselves overextending IS NOT a key factor in the U.S.'s economy.
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aceman
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OCT 10, 08:33 PM
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id·i·ot /ˈɪdiət/ Pronunciation Key - Show Spelled Pronunciation[id-ee-uht] Pronunciation Key - Show IPA Pronunciation
–noun
1. an utterly foolish or senseless person.
Overextend yourself................IDIOT
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84Bill
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OCT 10, 08:50 PM
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| quote | Originally posted by aceman:
The lending institution allowing idiots to overextend themselves is a key factor. But them in themselves overextending IS NOT a key factor in the U.S.'s economy. |
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No.... LOL What a fool..
The FED relased something like 50 BILLION BECAUSE the banks needed the cash infusion... THEN the fed lowered the interest rate BECAUSE the banks were STILL failing.. you got your upsurge :golf clap: BUT where the hell did the money come from?????
The dollar is so damn weak it might as well be renamed the penny... YAY!!! A paper penny!!!!!
The banks are posting MAJOR losses. The market it just humming along at 150 MPH as if everything is FINE fine fine....
YEEEEHAAAAAAAAA!!!!!!!
Now you may be wondering if ole Bo and Luke Duke are out of touch with reality because it's not the speed that will hurt...[This message has been edited by 84Bill (edited 10-10-2007).]
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aceman
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OCT 10, 08:56 PM
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Thank you Bill for deleting some of my words in my original post when you quoted it.
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84Bill
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OCT 10, 09:01 PM
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| quote | Originally posted by aceman:
Thank you Bill for deleting some of my words in my original post when you quoted it. |
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Sure.. just making some corrections...
THE BANKS LENT the money
The banks gave the loans.
The people applied.
The people qualified.
If the people who took the loans were such high risk then maybe the banks shouldn't have loaned the money.
I dont feel for banks at all.... But they do fuel the a LARGE portion of the economy.
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aceman
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OCT 10, 09:05 PM
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| quote | Originally posted by 84Bill:
Sure.. just making some corrections...
THE BANKS LENT the money
The banks gave the loans.
The people applied.
The people qualified.
If the people who took the loans were such high risk then maybe the banks shouldn't have loaned the money.
I dont feel for banks at all.... But they do fuel the a LARGE portion of the economy. |
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I think you just reworded what I just said, Bill!
The banks loaning the money DOES impact the economy.
The individual idiot getting the house in foreclosure barely makes any impact on the economy.
And for the record, in those statements, I'm not stating who, if anyone was more wrong or more right.
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