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nekoneko · 03-09-2009, 06:28 AM

well, I guess I'll add my economic thought at this random hour where I should be sleeping.
To start off, the sub prime market was hit with predatory lenders who targeted people who could borrow loans with balloon payments or unfixed rates. Those people who lead their greed got the better of many banks who took that money and then sold it to business, corporations and countries. Those banks who packaged those mortgages knowingly added them to larger deals so they could get it off their hands and make the money they wanted.
This then turned to the buyers who thought they had secure money, but led to the people who defaulted and led to the housing crisis we are in now. From there this hits many countries who relied on the U.S. for their currency to stay strong, but too invested in the housing market and went bankrupt like Iceland. This comes full circle to where the government decides in order to help the banks who decided to sell those deals with the bailout. However, with the increase of printing of money, leading to inflation and even hyper inflation if the country decides to print way to much money. This money that is suppose to trickle back into society, is being held by businesses that helped to influence this current depression. There leads to the car dealers who are trying to obtain bailout money, which had they actually invested their time and money in the long run instead of the short run, would have actually worked on securing a better tomorrow decided to keep the short run game thanks to wall street bugging the hell out them to make the margins they needed to look good. These jobs which support the current economy would devastate many people who, if they were to lose their jobs would be out on the streets. Which comes back to the government to think where or not it should let the free market take over, or let socialism step into play and have government owned car companies, which in the end is worse off because they aren't run very efficiently. The government also has major stock share in the banks but have left the people who started the crisis in power.
Where do we get justice in order to remove the people who started this. How do we get rid of them? These people lacked the morals, ethics and basic common sense that lead us to this current affair and pitted it against their greed, lust and desire to make money.

03-09-2009, 06:28 AM	#3
nekoneko Mara Pirate Sailor Mahjongg Champion! In-Game Name: Koyagichan/Kawaiinekochan/Slice_Dice/Koyagikun Current Level: 87.28/60/60/60 Server: Apoline Posts: 149	well, I guess I'll add my economic thought at this random hour where I should be sleeping. To start off, the sub prime market was hit with predatory lenders who targeted people who could borrow loans with balloon payments or unfixed rates. Those people who lead their greed got the better of many banks who took that money and then sold it to business, corporations and countries. Those banks who packaged those mortgages knowingly added them to larger deals so they could get it off their hands and make the money they wanted. This then turned to the buyers who thought they had secure money, but led to the people who defaulted and led to the housing crisis we are in now. From there this hits many countries who relied on the U.S. for their currency to stay strong, but too invested in the housing market and went bankrupt like Iceland. This comes full circle to where the government decides in order to help the banks who decided to sell those deals with the bailout. However, with the increase of printing of money, leading to inflation and even hyper inflation if the country decides to print way to much money. This money that is suppose to trickle back into society, is being held by businesses that helped to influence this current depression. There leads to the car dealers who are trying to obtain bailout money, which had they actually invested their time and money in the long run instead of the short run, would have actually worked on securing a better tomorrow decided to keep the short run game thanks to wall street bugging the hell out them to make the margins they needed to look good. These jobs which support the current economy would devastate many people who, if they were to lose their jobs would be out on the streets. Which comes back to the government to think where or not it should let the free market take over, or let socialism step into play and have government owned car companies, which in the end is worse off because they aren't run very efficiently. The government also has major stock share in the banks but have left the people who started the crisis in power. Where do we get justice in order to remove the people who started this. How do we get rid of them? These people lacked the morals, ethics and basic common sense that lead us to this current affair and pitted it against their greed, lust and desire to make money.