And the questions come pouring in.
JP Morgan twitter account is a joy to read. That is just the beginning. It goes on and on and on. The "back to the drawing board" announcement expands so much it takes screen after screen, I dare not attempt copying it. The calumny on JP Morgan's Twitter begins with "Pussies."
13 comments:
If you were in JP Morgan's place would you refuse Bernanke's free money drops? Let he who is without sin...
Do most people think you shouldn't have to pay back money you borrow, and then you also get to keep all the stuff you bought with the money, and they think the lender is the unethical one in that relationship?
The entitlement culture hits the wall.
Of course, you guys are all in favor of the bankers getting bailed out to the tune of trillions of dollars - that's not freeloading at all. But by God, someone complain about loosing their home, and you're all over the lousy bastards and defending the bankers no matter what.
Icepick, you really should stop accusing people of holding positions they never express. I never heard anyone in here express love for bailing out banks. I do see people who want to shirk their responsibilities trying to make that somehow OK by badmouthing the guy who they owe. The reason that bailouts are even on the table is that people aren't honoring their promises to the banks, and bailouts are keeping people in their homes. A simple thank you would be fine.
People promised to pay or lose the property. Now they want to do neither. Nobody forced them to make that promise.
I'm in hock up to my eyeball and with a MONTHLY payment in six figures, and if I don't make it someday, which is quite possible, I expect to lose everything, and it won't be anybody's fault but mine. I'll live on the street again if needed, but I won't blame the people who I asked for a loan and promised to repay. They held up their end.
I just don't get the hatred of banks. If bank managers broke laws, they should face the consequences.
When Congressmen create laws that force banks to do foolish things, they are never held accountable.
Like Bags, I borrowed money (when I owned businesses) understanding that it had to be paid back, no matter what. And if it wasn't paid back, bye bye assets.
These anarchist idiots believe that they are not at all responsible for anything other than claiming a share of other peoples' money.
That guy in the other topic who takes over other peoples' is the same thing - taking what isn't his. It seems more and more like people aren't raised with a clear understand of right and wrong.
This hate for the financial services industry is scapegoating at its worst, redirecting peoples misery or unhappiness at convenient enemies.
But many of those tweets were hysterical. Of course I'm drinking while watching football, so maybe they'll be less funny tomorrow.
If the government stayed out of it and they operated normally, then virtually every time a bank forecloses, it would lose, as they do without bailouts. Then they would be careful who they loaned to and also foreclose more carefully. This means a lot of people would not be getting loans who do now. That again would make banks evil. They can't help being evil. Why can't they just be good and go broke like we would if we had all that money?
Icepick said...
Of course, you guys are all in favor of the bankers getting bailed out to the tune of trillions of dollars
Actually we guys - libertarians and the tea partiers you hate - were the only group in either party against the bailout.
What's the intersect between the Tea Party set and the libertarian set. I suspect it's pretty large, but both would probably try to downplay that. I count myself proudl among both. I kinda see the libertarians as a fundamentalist wing of the Tea Party.
Bravo Bagoh.
Just because I'm annoyed with people who somehow think they should be allowed to live in a house they aren't paying for does not mean I thought the bank bailouts were wonderful.
The first tweet was hilarious; the others after, not so much.
Our nation fails because a majority do not understand how the world works and do not understand basic economics. yes- Bravo Bagoh - right on. (and Haz and Chip -for the post)
So many believe what the pols on the political left feed them, it's not hard to understand why the US is spiraling down.
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