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Economics Discuss Few foreclosure, no bank failures: Canada offers lessons at the Political Forums; Originally Posted by faithful_servant d-man, you're starting to talk like a Republican. Now if we can just get you to ...

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Old 01-18-2011, 02:26 PM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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Originally Posted by faithful_servant View Post
d-man, you're starting to talk like a Republican. Now if we can just get you to start thinking like a conservative.....
I'd need a lobotomy to think like a conservative...

I speak to fiscal responsibility, proper use of government, and personal freedom. Things that USED to matter until the Republicans were co-opted by the religious right and big business and the Democrats were crippled by supporting unions do or die and forgot about personal responsibility.

When I say I'm a liberal, I mean it. I didn't change the meaning of the word, it's these progressives posing as liberals that have made it a dirty word.
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Old 01-19-2011, 08:09 PM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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When I say I'm a liberal, I mean it. I didn't change the meaning of the word, it's these progressives posing as liberals that have made it a dirty word.
Could you say that really really loud, so lots of people can hear it? It's a concept that has become foreign in this country.
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Old 01-19-2011, 08:36 PM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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"This sounds very simple, but one of our CEOs has said we are in the business of making loans to people who will pay them back," said Terry Campbell, vice president of policy for the Canadian Bankers Association in Ottawa.
Yep, pretty simple.
Too bad the US government thought banks should loan money to those that weren't able to pay it back.
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Old 01-29-2011, 07:58 PM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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Originally Posted by GottaGo View Post
I may not always agree with what you say, but I certainly find clarity in how you say it.


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Once the idea was out there that home ownership was a right, and not a privilege earned from the sweat of your brow, the meltdown had already begun.

Government involvement increased the speed of the looming financial disaster.

Perhaps now, reality will previal.
Don't tell me you missed Obama's State of the Union address?
Cause reality didn't prevail.


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I'd need a lobotomy to think like a conservative...

I speak to fiscal responsibility, proper use of government, and personal freedom. Things that USED to matter until the Republicans were co-opted by the religious right and big business and the Democrats were crippled by supporting unions do or die and forgot about personal responsibility.

When I say I'm a liberal, I mean it. I didn't change the meaning of the word, it's these progressives posing as liberals that have made it a dirty word.
And what have I been saying for so long.... You hit the nail right on..

And don't think the dear leader isn't one.. Heck now he is with the elite progressives, and thats miles from what you believe in and still further for regular Democrats...

Just to clear the air... Thanks for making my point official now.
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Old 01-29-2011, 08:14 PM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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know when government should be involved and when it shouldn't.
This.

It doesn't have to be all or nothing, something I've been trying to say in other threads.
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Old 01-30-2011, 11:40 AM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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Originally Posted by Kizzume View Post
This.

It doesn't have to be all or nothing, something I've been trying to say in other threads.
Agreed, but the point of this thread is the significant contribution government meddling made to the mortage meltdown. For example, if Fannie had refused to buy mortgage paper they in the words of chairman Mudd "didn't understand" meaning they didn't have a risk assessment model, the mortgage meltdown would have been far less severe if it had occured at all. Instead, they waded right in to "remain relevant" as Chairman Mudd rationalized. Who needs sound underwriting when you have the US Treasury to plunder?

Keep in mind Fannie's risky investment decision was on the heels of the massive accounting fraud from which Dimocrat party loyalists profited mightly and escaped serious inquiry little on prosecution. Indeed Jamie Gorelick was "punished" with an appointment to the 9/11 commission.

Per usual the Dimocrat solution to a crisis caused by government meddling in the free market is a package of "reforms" rewarding the Federal government with more regulatory power.
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Old 01-31-2011, 01:04 AM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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Originally Posted by Kizzume View Post
This.

It doesn't have to be all or nothing, something I've been trying to say in other threads.
K, show us where anyone on this board has ever suggested that the gov't get completely out of everything. All I've ever read was that the gov't needs to be less involved and where it does need to be involved, it needs to be doing it better.
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Old 02-03-2011, 07:47 PM
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Default Re: Few foreclosure, no bank failures: Canada offers lessons

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K, show us where anyone on this board has ever suggested that the gov't get completely out of everything. All I've ever read was that the gov't needs to be less involved and where it does need to be involved, it needs to be doing it better.
With less employees, and as we get out from under this very high unemployment, I would think that would be the time to start with a lot of govt., waste in people power...
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