Quote:
Originally Posted by jOHN rODRIGUEZ
But wait minute, it's the supposed intellectual, high-society people with alot of money that have been making decisions during the past decade that have fucked the country all the way close to hell. No?
I guess they just don't LOOK like garbage, huh?*
*Please refer to my song of the day.
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I don't think that too much that has happened on Capital Hill, or in Visa's HQ, or the mortgage industry has swung too fiercely on how John Q. Public would benefit. Financially speaking the focus has been more on interest and opening new accounts, though it didn't seem to strike the mortgage sector that if they gave loans to people buying max house on min income that they would default entirely. Major credit cards also made the same mistake of giving people credit when they absolutely didn't deserve it, and gave them astronomical interest rates on top of it. But all they saw was what would happen when everyone paid on their interest, they didn't see people going belly-up.
These were bad decisions, based on an irresponsible level of greed and profiteering. I wouldn't equate bad decisions to low intelligence though. Not to mention, it doesn't really bother me much that banks were willing to go bonanza on subprime lending, what bothers me is that there were many uninformed consumers out there that thought that they were actually a good idea.
Industries that deal with credit being one example of the general fuckery of the state of the union in the past 10 years.
EDIT: I'm not following why this thread is about being pro-life and pro gay rights, aside from political affiliation in the more extreme cases. It would seem that these are 2 stances that are generally made independent of each other.