Causes of Crime

[ZeroJunk]

Originally Posted by merrylander

Really, so are you suggesting that we have full employment? Hardly likely to happen when it is the Fed's job to keep unemployment at around 5%.

Pull your head out once in a while and take a look around.

So, you are thinking that a 70 % drop out rate in some areas has no effect on employment.

Do you think that somebody who does not have enough gumption to finish high school is going to find somebody eager to hire him.

Do you think that people having a good education does not beget jobs.

[ZeroJunk]

Originally Posted by merrylander

There is your blind spot Zero, the function of our schools should be to teach young people how to think for themselves. It is not their function to produce mindless robots for Corporate America. Especially as so many corporations get sweetheart deals that excuse them from paying school taxes like the rest of us must..

So, how is that working out for them.

[ZeroJunk]

Originally Posted by Tom Joad

On top of that rich people commit way more crime than poor people.

The difference is poor people go to the slammer, rich people get bailed out.

Take that $700 Billion dollar bailout the Wall Street Banksters got in 2009.

In 2009 the average convenience store hold up netted $761.

http://en.wikipedia.org/wiki/Convenience_store_crime

So that bailout was the equivalent of 919,000,000 convenience store stick ups. 919 MILLION. That's 3 convenience store stick ups for every man woman and child in the US. Hows that for an entitlement?

Do you think the people who defaulted on their loans and walked away owing billions of dollars have no responsibility? It was just the evil people who loaned them the money, right ?

Sort of like the moron who attacked a cop and got himself killed has no responsibility ?

[merrylander]

Originally Posted by ZeroJunk

So, you are thinking that a 70 % drop out rate in some areas has no effect on employment.

Do you think that somebody who does not have enough gumption to finish high school is going to find somebody eager to hire him.

Do you think that people having a good education does not beget jobs.

Do you ever stay on subject sonny?

You claimed that all that was needed was a good work ethic. Tell us oh wise one WTF good is a good work ethic when there are no jobs to be had?

I was in the work force from 17 until 73 how's that for a work ethic? I was also in the top tax bracket when I retired.

[merrylander]

Originally Posted by ZeroJunk

So, how is that working out for them.

Not very well but they have no one to blame but themselves..

If you have a workforce capable of thinking they can usually keep the company profitable in spite of management.

[Tom Joad]

Originally Posted by ZeroJunk

Do you think the people who defaulted on their loans and walked away owing billions of dollars have no responsibility?

They got booted out of their houses.

Originally Posted by ZeroJunk

It was just the evil people who loaned them the money, right ?

They made billions by selling mortgage backed securities that they knew were worthless. and they walked away.

Originally Posted by ZeroJunk

Do you think?

Yeah, I think you're a dick.

[Rajoo]

Originally Posted by ZeroJunk

Do you think the people who defaulted on their loans and walked away owing billions of dollars have no responsibility? It was just the evil people who loaned them the money, right ?

Sort of like the moron who attacked a cop and got himself killed has no responsibility ?

The very same people that defaulted on their loans, can they qualify today. No. Then why? If you will answer that without any deflection, we can have a rational discussion on the mortgage bubble, who caused it and what it led to.

[ZeroJunk]

Originally Posted by BeamOn

The very same people that defaulted on their loans, can they qualify today. No. Then why? If you will answer that without any deflection, we can have a rational discussion on the mortgage bubble, who caused it and what it led to.

For years people complained because they could not get a loan. And, then they complained because they could.

Anyway, there was a government push over decades including the Bush administration for everybody to be able to own their own home.

Mortgage backed securities, Freddie & Fannie , collateralized debt obligations, credit default swaps etc. were created to finance all of this because traditional methods simply would not work on this scale.

And, yes a bubble was crated.

Plenty of blame to go around, but Joad complaining about bankers because people of his type defaulted on loans they had committed to pay for is some more of that mindless BS he usually comes up with.

Like, I'm not going to make payments on this house anymore but I am going to just keep it anyway.

[merrylander]

Originally Posted by BeamOn

The very same people that defaulted on their loans, can they qualify today. No. Then why? If you will answer that without any deflection, we can have a rational discussion on the mortgage bubble, who caused it and what it led to.

Dreamer.

[merrylander]

Originally Posted by ZeroJunk

For years people complained because they could not get a loan. And, then they complained because they could.

Anyway, there was a government push over decades including the Bush administration for everybody to be able to own their own home.

Mortgage backed securities, Freddie & Fannie , collateralized debt obligations, credit default swaps etc. were created to finance all of this because traditional methods simply would not work on this scale.

And, yes a bubble was crated.

Plenty of blame to go around, but Joad complaining about bankers because people of his type defaulted on loans they had committed to pay for is some more of that mindless BS he usually comes up with.

Like, I'm not going to make payments on this house anymore but I am going to just keep it anyway.

Well y'all created this half assed mortgage system. The laughable part of it all is that (on a per capita basis) home ownership is marginally higher in Canada then it is here.

They don't have mortgage brokers

They don't have Title companies.

Mortgages are 25/5 or less.

Fortunately the also do not have Wells Fargo and Bank America either (In case you were looking for the real culprits).

Because our credit scores were above 800 our mortgage (when we still had one) got bundled so many times just to make the securities look sweet we ended up with a new 'bank' every year.

If I was trying to design a system wide open to fraud it would be the system we have here.