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Originally Posted by vdbucks
Yes, let's blame the people for all the corporate/government greed, corruption, etc....
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corporate greed is NOT the problem. the problem is the government interfering with our economic system.
If the government wasn't backing mortgages or student loans, how different do you think things would look?
Yes, people should be more responsible for themselves and with their money...
But consider this...
Quote:
Originally Posted by vdbucks
EVERYONE wants a part of the dream. You, me, everyone in the world. Everyon wants a little more. And what do you think happens when banks come along and essentially make people believe they can afford something they actually can't... people jump on it without reading the fine print.. and eventually cause themselves to get screwed in the end. Allthewhile the govermnent allows these practices to continue because the politicians are getting their cut somewhere along the line.
And then shit hits the fan...
People lose jobs.. they lose their houses, they lose everything.
And instead of holding the banks responsible like they should be, we dumpb billions of backless money into them. And where does that money go? Does it go to helping the economy? No, it gets used as bonus money for CEO's and share holders.
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see, this is the myth that a lot of people have fallen for.
It wasn't the banks tricking people into believing they could afford something they couldn't. It was the PEOPLE and their mortgage broker LYING to the banks about their incomes. The banks aren't at fault (except in very rare occasions). The government allowed for very loose proof of income and the PEOPLE took advantage of it. The banks went along with the GOVERNMENT guidelines.
Now of course there is more to this economy than just mortgages but again, what is the goal of the protests?
what EXACTLY do they want and what EXACTLY will it accomplish?
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Originally Posted by vdbucks
And the above is just one small slice of the whole problem... And to be completely honest, all I've seen so far is governments doing nothing but putting bandais on a severed artery; while making sure the top 1% keep making more money while the rest of the population suffers big time.
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no, this is simply a lie. The 1% are better at protecting themselves. Please name one thing the government has done to help just the 1%