D1B wrote:You can thank AZgrizfan and Tman. Nice work fellas!
Go f(ck yourself, you clueless moron. I posted detailed predictions and causes last February, long, long, before Congress or the media realized the sh!t was about to hit the fan, and, as I recall, you, your brother and Cleets mocked my thread and posts.
Then April came, and the press smelled the blood in the water...and I again warned everyone...then May and the mortgage collapse went national, and I pointed out repeatedly that Pelosi and Reid, the two charged with initiating legislation which could have prevented the financial industry collapse...sat silent, and you moronicly defended them. And by July, when I began pointing out that my predictions had come to fruition, again, and continuously, you and every other dumby donk at AGS defended Pelosi, Reid, and blamed the collapse on the banks...until...Fannie Mae and Freddie Mac collapsed, then suddenly...silence.
Rubin warned, Greenspan warned, Bernanke warned...
...the mortgage banks can't carry liabilities that exceed our country's ability to pay them off...
This was never about "poor people" who qualified under a liberalization of credit, or banks who wrote risky paper...it's always been about GDP. Our GDP has collapsed under the weight of govt. bureaucracy, labor demands, a litigous citizenry, capital gains incentives that encouraged capital accumulation rather than investment in manufacturing end use instruments, and most essential, the recording setting increase of long-term entitlement programs which permanently retire workers from the workplace or provide subsidies to uncompetitive enterprises allowing them to temporarily balance the books by draining assets and productivity from the rest of industry (i.e., WBE/MBE/DBE set asides, SSI Permanent Disability, unlimited affirmative action based education and work grants, aid to single parents, and on and on...).
But, please, don't believe me. Again, accuse me of knowing nothing about the economy...and I'll be back again in a year to tell you, once again, I was right.
BTW, in case you forgot, I again reiterate...CA is always on the face of the wave of trends...and it ain't gettin' any better out here...
...think your job is safe?
...better learn how to pray.
When the fantasy of a "utopian" society meets the reality of paying the bills...
Go East, young man? Californians look for the exit
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