Signe Wilkinson by Signe Wilkinson

Signe Wilkinson

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  1. braindead08

    braindead08 GoComics PRO Member said, 5 months ago

    Well, but, you know, corporations are people only when it’s convenient for the corporations.
    -
    And “conservatives” still believe that the patriotic multinational corporations have their best interests at heart.

  2. Nos Nevets

    Nos Nevets said, 5 months ago

    The feds made it hard for them to NOT to bet on bad mortgages.
    Barney Frank was chomping on them & assured us everything was copacetic.
    Free market might have been a better idea.
    Note also that home owndership is not capital investmnent.
    Homes are not leveraged to produce more goods & services (unlike, say farmland or factories.)
    Adam Smitth made that observation.

    Say, I got an idea: let’s try free markets !
    No? Free-er markets?

  3. Nos Nevets

    Nos Nevets said, 5 months ago

    @braindead08

    Adam Smith also hated capitalists. He did NOT believe they have anyone’s interest at heart other than self-interest.
    But I live in a socialist countries. Guess whose interest the decision-makers have at heart?
    That’s whey Adam Smith advocated a system where decision-makers were limited to controlling their own assets, not the masses’s asse[t]s.
    And without government protection, those nasty capitalists have to please their fellow man or starve. An application of the Golden Rule built into the system.
    There’s no such built-in natural control where I live.

  4. Nos Nevets

    Nos Nevets said, 5 months ago

    @Nos Nevets

    country singular.

  5. AshburnStadium

    AshburnStadium said, 5 months ago

    @braindead08

    An “old” joke is that corporations should be recognized as people when Texas executes one.

  6. ARodney

    ARodney said, 5 months ago

    @Nos Nevets

    You’ve got your history backwards. The banks pushed bad loans on people because they were highly profitable, and people with lots of money were demanding high returns, regardless of the risk.

  7. wbr

    wbr said, 5 months ago

    no arodney nos nevets has it correct // the community reinvestment act was the government prod

  8. Michael wme

    Michael wme said, 5 months ago

    The banks did exactly what they were supposed to do. They made loans to people who promised to repay. The fact that the borrowers’ income was far less than the monthly payments (after the teaser period) was something the bankers could not possibly have foreseen. And the banks generously sold these loans that had a great nominal return, and it was NOT their fault that the actual return was not 100% ON capital but 1% OF capital. So they deserved to be lauded and honoured.


    The same is true for our great leaders who righteously avenged 9/11 by punishing the Iraqis who were responsible, as well as the heroes who managed to get irrefutable proof of Iraqi guilt by using ‘enhanced interrogation’ until they confessed. We know that a confession under ‘enhanced interrogation’ is always the truth, the whole truth, and nothing but the truth: who would know their own guilt better than the person being ‘interrogated with extreme enhancement’?


    I think it’s great that America has honoured all these heroes. It’s not like any of them did anything wrong.

  9. braindead08

    braindead08 GoComics PRO Member said, 5 months ago

    @Nos Nevets

    “Say, I got an idea: let’s try free markets !”
    -
    Free markets are a great idea. Let’s find a patriotic multinational corporation who will lobby the government for free markets.

  10. Government Is Not The Enemy

    Government Is Not The Enemy said, 5 months ago

    It’s not that the banks just bet on bad mortgages, it’s that they sold them as good mortgages to their customers and bet against them at the same time. They knew they were selling junk.

  11. Government Is Not The Enemy

    Government Is Not The Enemy said, 5 months ago

    @Michael wme

    Hah! You had me there for almost one whole sentence!

  12. Government Is Not The Enemy

    Government Is Not The Enemy said, 5 months ago

    @ARodney

    Not only pushed the loans, but then turned them into CDOs that were so popular that when it was revealed that the loans were bad, the underpinnings of entire banks folded. Not only is it the job of banks to determine if the borrowers are solvent, it’s also their job not to misrepresent the value of the loans if they choose to sell them. But when Wall St. is all about appearance of wealth and has nothing to do with actual value, what do we expect? Wall St. isn’t even a casino, it’s a confidence scheme.

  13. echoraven

    echoraven said, 5 months ago

    @braindead08

    “And “conservatives” still believe that the patriotic multinational corporations have their best interests at heart.”
    .
    …or perhaps they don’t believe that a large government can be the source of all benevolence.

  14. louieglutz

    louieglutz said, 5 months ago

    if our fearless AG had gone after the perps instead of the corps run by the perps, you would see far less of this in the future.

  15. opednance

    opednance said, 5 months ago

    @wbr

    No wbr, the problem was that the banks wanted greater profits so they sold mortgages that they knew would not be paid back, then chopped them up and sold them to investors falsely rated as AAA. Then they bought insurance betting AGAINST those loans.
    -
    Then the banks tried to foreclose even though they didn’t have the paperwork since they sold the loans. And judges were accepting their BS.

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