When Can We Start Breaking Things?

[a completely inoffensive name]

Economy just isn't doing very fine right now, but I don't mind it that some people are filhy rich, they are not the cause of he problem. People find it unfair that they get tax-cuts but Inthink it's unfair there isn't a cap on the amount of money that can be taxed

Except they did cause the problem. Rich people looking to sell their bundled up whatevers get other rich people to commit fraud by labeling them as AAA++++ would buy again. Housing meltdown triggering a cascade of other meltdowns as the bubble bursts. Meanwhile the average citizen who never majored in finance doesn't know how to play the stock market and doesn't realize why his bank would give him a loan if he wasn't good for it. All because it's better for the bottom line to have long term debt slavery then for responsible people to get their money, pay it off and be on their way.

[Fragony]

Except they did cause the problem. Rich people looking to sell their bundled up whatevers get other rich people to commit fraud by labeling them as AAA++++ would buy again. Housing meltdown triggering a cascade of other meltdowns as the bubble bursts. Meanwhile the average citizen who never majored in finance doesn't know how to play the stock market and doesn't realize why his bank would give him a loan if he wasn't good for it. All because it's better for the bottom line to have long term debt slavery then for responsible people to get their money, pay it off and be on their way.

Your government is kinds guilty of that, they enforced programs in risky area's, read up on the 'community reinforcement act'. It looked good untill the housing market suddenly collapsed and the banks were stuck with loans they would otherwise never have given. We have a similar bubble here, people live in houses that rised in value fast, and they used that fictional money. When prices will drop they are in trouble because they spend the additional value that was given. Glad I never fell for that I have just payed my debt.

[a completely inoffensive name]

Your government is kinds guilty of that, they enforced programs in risky area's, read up on the 'community reinforcement act'. It looked good untill the housing market suddenly collapsed and the banks were stuck with loans they would otherwise never have given. We have a similar bubble here, people live in houses that rised in value fast, and they used that fictional money. When prices will drop they are in trouble because they spend the additional value that was given. Glad I never fell for that I have just payed my debt.

Yeah our government, which is filled with.....rich people. Guess what percentage of the US Senate is made of millionaires.