So ACORN is Occupy? Not surprised.

[Cracker]

Nearly all of the FTSE 100 companies evade or avoid paying taxes. It costs the UK economy more than welfare and immigration combined.

Only the super rich have the ability to take advantage of tax loopholes and evade/avoid paying taxes.

But retards would still rather blame the weakest in society for all of societies ills because thats the easiest thing to do, its just plain deluded and lazy.

Productivity -V- dependency

Do you know what an earned income tax credit is? of course you do, It's a tax loophole.

One that allows people who paid zero tax to claim a certian amount of income that allows them to recieve a tax refund from the government.

Slaves always whine about what the master has. This has been true for centuries.

What tards don't understand is that businesses pay taxes on PROFITS in the US. If they didn't make a profit, they don't owe taxes. Many companies are broken up into different divisions, some divisions do well but other divisions may have huge losses. Plus, many companies do business overseas because the poor people here think they deserve a share of the profits from all businesses. Fuck you people, start your own business.

If you don't work, it is none of your fucking business what a company makes. It is none of your fucking business what I make. It IS your fucking business what YOU make. If you make NOTHING, STFU.

We wouldn't have crazy tax laws and loopholes if everybody took care of themselves. They could charge a flat rate for defense and SS and you could keep the rest (besides state taxes). You people CAUSE the tax code, so again, STFU.

[Cynical Ninja]

Tax avoidance and evasion costs the taxpayer more than welfare and immigration combined.

Anyone who refuses to see this fact is living in fucking cloud cuckoo land, other wise known as the USA.

[username]

Everyone should pay their fair share.

I don't mind helping people that are truly in need (although I'd rather teach them to fish vs. just throwing fish at them) but there are many, many people that are just milking the system. We need to fix all of it. It won't happen but a girl can dream.

[Midwest Spy]

The problems with our economy are based on the rest of us having to pay for other people.

I agree with this. It's the truth.

How many people can our economy support? Every Tom, Dick and Harry from around the world here living on handouts. All the freeloading lazy fuckers living on handouts. Supporting illegals when they or their kids end up in our hospitals, schools, etc.

It's not looking pretty for our once great nation.

[rothschild]

I don't turn a blind eye, I just don't borrow money if I can help it. I have a mortgage and that's about it. I do have credit cards for emergencies, but I don't use them to buy crap I don't need. I am not the bank's bitch.

You whine like a punk and blame the government instead of blaming the people who bought houses they KNEW they couldn't afford. If nobody borrowed money, banks wouldn't have control over their lives.

The bailouts are LOANS that have to paid back. You think Shanequa is going to pay back the medicaid and welfare? You don't understand the difference between borrowing money and living off taxpayer charity.

Dumbass.

A lot of the money has already been REPAID and the US made a profit. Are you going to repay the benefits Jose and his seven kids used? If not, STFU.

Who received the most money in all the bailout programs? Fannie Mae and Freddie Mac. What are those? Government Sponsored Enterprises. Yeah, government. Fannie Mae was formed during the Great Depression and created, CREATED, the second-mortgage industry. They were formed so POOR PEOPLE could buy homes and they are one of the main reasons the mortgage industry tanked. Why? Because of poor people not paying for their shit.

So, rothschild, you are bitching about poor people when you bitch about the bailouts. You have no fucking idea what you are talking about. I do blame banks for handing out money to people who couldn't afford to borrow it, but the GOVERNMENT told them to and backed it up. Now we all have to pay for that shit because some people in our society can't fucking take care of themselves.

You think all the money we pay is going to rich people? That is a fucking laugh. Rich people try not to put in too much because they know where it is going, but they pay a shitload more than poor people (ZERO). I wish I didn't have to pay for all the fucking losers, too.

The problems with our economy are based on the rest of us having to pay for other people. The government thinks it can solve this problem by taking our money without our permission and giving it to those people. We give them the chance to buy homes and cars and go to college. Then we are stuck with their debt AND their recurring monthly benefit payments. We have now reached critical mass. There is no way we can pay for all the fucking poor people (there are generations of them who we have allowed to reproduce, like rats) with the money from the middle class. So now we are turning the middle class into poor people because we take too fucking much from them. Why should half of my paycheck be FUCKING GONE before I get it? When did that become OK? WTF people? Why do we allow the losers to do this to us? Why do we let our government MAKE US pay for people who won't work and won't keep their legs closed?

Jesus it makes me mad as hell.

It's true that much of the money that was loaned to insolvent US banks has been repaid, but that's the tip of the iceberg. The FED has purchased trillions of dollars worth of toxic assets, many at face value, and many of the MBS's are fraudulent because mortgage transfers were not done in accordance with the law, which means they have no value. Then you have trillions of dollars that were loaned to overseas financial institutions at 0% interest, which is free liquidity. On top of this, you have MERS (electronic mortgage registration service), which was designed to expedite mortgage transfers, but as noted before, in a manner that is illegal, resulting in the loss of a great many titles, which are necessary for proving ownership. So in many cases, homeowners had no idea who held their mortgage, and mortgage servicers used this to their advantage in expediting foreclosures.

I've got some good sources on my other puter that explain this in depth. I'll post them in a day or so.

[Duchess]

Why would the US loan money at 0% interest? Who the hell is in charge? Is there anyone who is looking out for our interests?

It's really not that difficult to manage money in the proper fashion yet these highly educated people seem to not have one single clue. From what I've seen/read, I could do a better job than all of them.

[rothschild]

Why would the US loan money at 0% interest? Who the hell is in charge? Is there anyone who is looking out for our interests?

It's really not that difficult to manage money in the proper fashion yet these highly educated people seem to not have one single clue. From what I've seen/read, I could do a better job than all of them.

Bernanke is far from stupid. He and his bankster brethren are internationalists, operating what is for all intents and purposes a Ponzi scheme, called fractional reserve banking. The overseas loans were made to keep the system afloat, but it is this same wretched system that has turned us into a debtor nation, and most of the EU as well. For America to recover economically this system must be replaced with one that serves the American people, and this is the primary reason I'll be voting for Dr. Paul.

[IMaDick]

All currencies compete with one another on the world market.

zero interest loans will not have the inflationary impact in the countries that the funds were loaned to, but they will have an inflationary impact on the lending country when the fed starts to pull the worthless paper out of circulation.

which they will, it's not a question of will they? it is a question of when will they start to pull the trillions in unbacked funds from circulation.

jimmy carter X2 when they do.

[Cracker]

Go ahead and keep blaming Wall Street, but it's the fucking poor people who did this. It shouldn't be considered banking debt, it is welfare:

WASHINGTON (AP) — Mortgage giant Fannie Mae is asking the federal government for $7.8 billion in aid to cover its losses in the July-September quarter.

The government-controlled company said Tuesday that it lost $7.6 billion in the third quarter. Low mortgage rates reduced profits and declining home prices caused more defaults on loans it had guaranteed.

The government rescued Fannie Mae and sibling company Freddie Mac in September 2008 to cover their losses on soured mortgage loans. Since then, a federal regulator has controlled their financial decisions.

Taxpayers have spent about $169 billion to rescue Fannie and Freddie, the most expensive bailout of the 2008 financial crisis. The government estimates that figure could reach up $220 billion to support the companies through 2014 after subtracting dividend payments.

Fannie has received $112.6 billion so far from the Treasury Department, the most expensive bailout of a single company.

Michael Williams, Fannie's president and CEO, said Fannie's losses are increasing for two reasons: Some homeowners are paying less interest after refinancing at historically low mortgage rates; others are defaulting on their mortgages.

[IMaDick]

I have lost an estimate 60,000 dollars as a direct result of the finacial crisis, the devaluation of the dollar and taxes collected in an effort to bail out the banks,automakers and others , please make my bailout check payable to cash and get it in the mail as soon as possible.

Thanks.

[Cynical Ninja]

I have lost an estimate 60,000 dollars as a direct result of the finacial crisis.

Monopoly money and jars of pennies doesn't count dick.

[IMaDick]

I have lost an estimate 60,000 dollars as a direct result of the finacial crisis.

Monopoly money and jars of pennies doesn't count dick.

why not? pennies are legal tender, and our currency is fiat money, it has zero value above that of the full faith and credit of the issuing country, it is by all standards monopoly money.

[rothschild]

Go ahead and keep blaming Wall Street, but it's the fucking poor people who did this. It shouldn't be considered banking debt, it is welfare:

You sure don't have a sense of proportionality. Or knowledge of this subject.

A lot of poor and lower middle class people in this nation are ignorant re interest, which makes them easy targets.

Asshat that you are, you probably think that loan officers explained how interest works to their respective clients, and that the rates had nowhere to go but up.

[Maggot]

He probably did but they sat there with a blank glazed stare in their eyes with slackjawed faces daydreaming of Popeyes chicken at the time.

[username]

A lot of poor and lower middle class people in this nation are ignorant re interest, which makes them easy targets.

Asshat that you are, you probably think that loan officers explained how interest works to their respective clients, and that the rates had nowhere to go but up.

That makes them stupid! C'mon, where is it written that sellers have to fucking baby sit buyers? What ever happened to caveat emptor?

You can't expect every seller to screen their buyers for common sense. It's not just housing, should auto sellers be regulated with regards to screening the stupid? How about Walmart? Should every purchase/lease/mortgage transaction be subject to the stupid police?


Ridiculous.

[rothschild]

A lot of poor and lower middle class people in this nation are ignorant re interest, which makes them easy targets.

Asshat that you are, you probably think that loan officers explained how interest works to their respective clients, and that the rates had nowhere to go but up.

That makes them stupid! C'mon, where is it written that sellers have to fucking baby sit buyers? What ever happened to caveat emptor?

You can't expect every seller to screen their buyers for common sense. It's not just housing, should auto sellers be regulated with regards to screening the stupid? How about Walmart? Should every purchase/lease/mortgage transaction be subject to the stupid police?

Ridiculous.

The lenders had the prospective borrowers' financial history, Sherlock. They knew whether or not a borrower was a good risk or a bad risk. So the real question is, why did lenders make such a multitude of bad loans?

[IMaDick]

A lot of poor and lower middle class people in this nation are ignorant re interest, which makes them easy targets.

Asshat that you are, you probably think that loan officers explained how interest works to their respective clients, and that the rates had nowhere to go but up.

That makes them stupid! C'mon, where is it written that sellers have to fucking baby sit buyers? What ever happened to caveat emptor?

You can't expect every seller to screen their buyers for common sense. It's not just housing, should auto sellers be regulated with regards to screening the stupid? How about Walmart? Should every purchase/lease/mortgage transaction be subject to the stupid police?

Ridiculous.

The lenders had the prospective borrowers' financial history, Sherlock. They knew whether or not a borrower was a good risk or a bad risk. So the real question is, why did lenders make such a multitude of bad loans?

The real question is why did they make bad loans and then whine like bitches when they lost their asses?

If the buyer can fail, then the lender should also be able to fail.

But in this case they had agreements that they would be protected, that the government guaranteeded it's own loans with tax payer money.

The whole thing was one big fraud that was pulled off on the American people.

[Duchess]

The real question is why did they make bad loans and then whine like bitches when they lost their asses?

I'd like to know the answer to that too.

Why did I build & protect my FICO my entire adult life when just anyone can get a loan?

I shouldn't be reading this crap if I want to hang on to my pleasant frame of mind.

[IMaDick]

The real question is why did they make bad loans and then whine like bitches when they lost their asses?

I'd like to know the answer to that too.

Why did I build & protect my FICO my entire adult life when just anyone can get a loan?

I shouldn't be reading this crap if I want to hang on to my pleasant frame of mind.

If for one minute I thought you could grasp the reasoning, I would explain it to you.

So simply stated it has to do with creating wealth from nothing.

hold interest rates to next to nothing, pump in a bunch of worthless paper, exaggerate the value of a different commodity and capitalize on a false profit in under valued currency around the world and then engineer a reversal and increase the value of the deflated currencies and take the profit from the expansion.

and at the same time create a large dependant class so that the cycle will continue for a decade or more into the future by forcing the sale of that selected commodity to increase the holdings of the engineers of the deflation.

All done without investing a single dollar of your money.

poof,profit from nothing.

[rothschild]

The lenders had the prospective borrowers' financial history, Sherlock. They knew whether or not a borrower was a good risk or a bad risk. So the real question is, why did lenders make such a multitude of bad loans?

The real question is why did they make bad loans and then whine like bitches when they lost their asses?

If the buyer can fail, then the lender should also be able to fail.

But in this case they had agreements that they would be protected, that the government guaranteeded it's own loans with tax payer money.

The whole thing was one big fraud that was pulled off on the American people.

Have you heard that Bank of America Corp. is shifting $75 trillion worth of derivatives out of Merrill Lynch and into it's FDIC insured retail subsidiary, BoA? And the Federal Reserve is signing off on it.

The game's winding down, wouldn't you say?

http://mobile.bloomberg.com/news/2011-10...tegory=%2F

http://dailybail.com/home/holy-bailout-f...on-of.html

http://dailybail.com/home/william-black-...ricas.html

http://www.youtube.com/watch?v=GYNVNhB-m...re=related

http://www.youtube.com/watch?v=mkUc0k2eP...re=related