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Survey Results

Are you worried about losing your job?   [Edit]

Survey period: 20 Oct 2008 to 27 Oct 2008

The World economy is currently having some performance and optimisation issues that, no matter how much we try, we can't blame on the hardware. Does this make you worry?

OptionVotes% 
I"ve already lost my job705.01
I"m very worried I may lose my job856.08
I"m slightly nervous about my job29220.90
I"m not too worried about my job37827.06
I"m not worried at all about my job34724.84
I"m untouchable. I laugh in the face of a recession.22516.11



 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
W Balboos, GHB20-Oct-08 10:12
mveW Balboos, GHB20-Oct-08 10:12 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Jim (SS)20-Oct-08 10:46
MemberJim (SS)20-Oct-08 10:46 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
W Balboos, GHB20-Oct-08 11:01
mveW Balboos, GHB20-Oct-08 11:01 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Jim (SS)20-Oct-08 11:35
MemberJim (SS)20-Oct-08 11:35 
GeneralVideo for Republicans only -- Thanks Obama and Democrats. Pin
Calvin Fabre20-Oct-08 11:05
MemberCalvin Fabre20-Oct-08 11:05 
GeneralRe: Video for Republicans only -- Thanks Obama and Democrats. Pin
W Balboos, GHB21-Oct-08 4:54
mveW Balboos, GHB21-Oct-08 4:54 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Ed K20-Oct-08 11:18
MemberEd K20-Oct-08 11:18 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
W Balboos, GHB21-Oct-08 3:09
mveW Balboos, GHB21-Oct-08 3:09 
Not fixing the problem is a problem that crosses party lines - just like the porous Mexican border. Both have adjendas that were and are well served.

But here's a point of interest that no one has noted:
1 - Fannie Mae / Freddie Mac only account for about 20% of the loans in the country. That's huge. But it's not everything.
2 - Giving loans to those that are relatively poor is the problem per se. If one gets in touch with reality, one sees that people of all financial levels were encouraged to take loans far beyond their means and and bit of common sense. As soon as interest rates increased AND energy cost took away any cushin they may have had left, they defaulted.\


It's more GOP Smoke and Mirror to blame the Fannie & Freddy - they contributed but a fraction to this. As did the law. The the root cause is far from this.

The root: an mortgage industry making (read that encouraging) loans that they knew were bad business sense, but did give them easy profits. The mortgage writers sold them to banks and other investors (after some creative book-keeping of sorts) - all of whom were cashing in big-time on this. Profits were huge. Bigger loans = bigger commissions.

The law may have said to give loans to poor people - and we can debate about how far that should go. And the comment that not everyone can have everything? I fully agree. That's how life works. BUT, the fact is that deregulation and calling off the actual auditor oversite are primarily to blame. These auditors, etc., are Federal employees under the Executive Branch. That means the watchers were under the control of those who didn't want business interfered with: and guess who was (and is) in charge of the Executive Branch (Hint: His father also enjoyed massive real-estate based banking failures due to deregulation).

The loans that were made were rediculous. A real true fact: The police detective family that moved in across from my home only a few months ago has that For-Sale sign up - because they were convinced to buy a house that took every spare cent they had. They were the poor that are used in GOP-based excuses. They were part the Majority of those losing there homes. Given loans they couldn't afford by mortgage brokers who didn't care about what happens next, and encouraged (by the repurchase of the loans) by banks.

NO ONE MADE THEM DO THIS - BUT MORE IMPORTANTLY - NO ONE STOPPED THEM!

The borrowers signed the dotted line - but it's already been shown they were encouraged to over-borrow. They may not be innoncent, but it's the mortgage industry that's supposed to evaluate the max loan size for a given income.

The Federal government was supposed to be guaranteeing sensible loans. The Money to guarantee the loans was, indeed, to help the lower income. Common sense was still supposed to take party. The loans to be given weren't proscribe in the law as ' must be impossibly large'. The law doesn't make the impossible-sized loans. A greed real estate market did. The Building boom and help to the economy were exactly what the administration would want. Everyone was happy.

Centering the argument on Fannie Mae and Freddie Mac? It's liking making sure you flush the toilet on the Titanic before heading for the life boats.







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"The difference between genius and stupidity is that genius has its limits." - Albert Einstein

"How do you find out if you're unwanted if everyone you try to ask tells you to stop bothering them and just go away?" - Balboos HaGadol


"It's a sad state of affairs, indeed, when you start reading my tag lines for some sort of enlightenment?" - Balboos HaGadol



GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Ed K21-Oct-08 4:56
MemberEd K21-Oct-08 4:56 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
W Balboos, GHB21-Oct-08 5:12
mveW Balboos, GHB21-Oct-08 5:12 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Ed K21-Oct-08 12:27
MemberEd K21-Oct-08 12:27 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
W Balboos, GHB22-Oct-08 2:11
mveW Balboos, GHB22-Oct-08 2:11 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Ed K22-Oct-08 3:43
MemberEd K22-Oct-08 3:43 
GeneralRead It And Weep Pin
W Balboos, GHB22-Oct-08 3:48
mveW Balboos, GHB22-Oct-08 3:48 
GeneralListen and learn [modified] Pin
Ed K22-Oct-08 16:01
MemberEd K22-Oct-08 16:01 
GeneralRe: Listen and learn Pin
W Balboos, GHB23-Oct-08 2:53
mveW Balboos, GHB23-Oct-08 2:53 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Calvin Fabre20-Oct-08 9:42
MemberCalvin Fabre20-Oct-08 9:42 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Member 9620-Oct-08 9:59
MemberMember 9620-Oct-08 9:59 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
John M. Drescher20-Oct-08 10:16
MemberJohn M. Drescher20-Oct-08 10:16 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Jeremy Falcon20-Oct-08 10:19
professionalJeremy Falcon20-Oct-08 10:19 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
Jeremy Falcon20-Oct-08 10:16
professionalJeremy Falcon20-Oct-08 10:16 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
John M. Drescher20-Oct-08 10:35
MemberJohn M. Drescher20-Oct-08 10:35 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
W Balboos, GHB20-Oct-08 10:26
mveW Balboos, GHB20-Oct-08 10:26 
GeneralRe: Reminder: Socialists vote on Wednesday, November 5th Pin
chaiguy133720-Oct-08 8:16
Memberchaiguy133720-Oct-08 8:16 
GeneralFYI, Soapbox is still there. Pin
Nemanja Trifunovic20-Oct-08 11:00
MemberNemanja Trifunovic20-Oct-08 11:00 

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