[QUOTE="MoonMarvel"][QUOTE="jking197"][QUOTE="MoonMarvel"][QUOTE="Aft3rsh0ck89"] Stupid greedy banks, they lend out way more than they should and in a lot of cases to those who can't repay the loans in the first place. Its the banks own stupid fault yet tax payers have to pay for the banks mistakes. If everyone was to withdraw their money at once the banks system would be screwed in an instance, the money you think you have is only figures on a piece of paper.
jking197
Banks? It was the government who encouraged them to do it. It's also either this or we all lose everything, easy choice. Just move on, it's better than the alternative.
What i don't get is why they don't give the money back to the people. They have massive mortgages and debts due to the banks greediness. And you can't say the government told them to be greedy, it is the banks and rich that have brought this on everyone.
That doesn't take all the bad paper off the hands of the banks, and don't even try to blame this all on the rich. Will Smith is rich, is this his fault? And yes the government did tell them to do this, people were crying banks weren't loaning money to poor people so the government put pressure on the banks to loan money to the poor. So in a way the government just listened to the people, thats why the people shouldn't get the money.
Why are you on the government/bank's side on this? We're paying for their f*ck ups. I'm obviously generialising, you're taking minor points like me saying "The Rich" and mentioning one rich person (Will Smith). That is not a good way or arguing at all. You obviously read too far into things and come out with points that mean screw all. So show me a single piece of evidence that shows the government telling the banks to loan more money! I have never heard of that, it's just plain stupid to suggest, the banks did this for profit, they make money out of people being in debt, it's how they thrive, they give people much more credit than they can afford and offer them upgrades on that credit all the time.
I antipate your response...
Because it's the IDIOTS that take on more credit than they can. The government offers a crappy tax break to be in debt, so these low grade financial advisors tell people that their house is an asset, and to buy bigger houses to get a bigger mortgage to get a bigger tax break. IT's not the government, it's the lack of financial intelligence that the general public has today. Most people just don't know how money works or how to control their spending habits. The government is trying to put a bandaid over the mass of morons out there who have taken on much more than they can handle. Not to say the banks aren't responsible for this as well for making horrible lending decisions, however more of the responsibility falls on the people.
People don't have big mortgages because the BANKS are greedy, they have big mortgages because THEY are greedy. The bank doesn't get to live in that flashy new house, the idiots who took out a loan they can't afford live in it...until the bank takes it back because they can't swing the payments. People think they can be rich by taking on more debt and buying more things. When things don't go the way they plan, they would rather blame banks than increase their own financial intelligence because it's the easy thing to do.
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