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i finally am right-side up on my mortgage right now well, for now
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May 31, 2017 21:58
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Typo posted:after trump loses in 2020, LMAO
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May 31, 2017 21:59
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mister magpie posted:hey guys there is a housing bubble rn in us again because rofl we don't actually learn any lessons and/or don't care about poor people getting hosed when our greed tanks the economy 2008 taught us that destroying the world economy is EXTREMELY profitable
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May 31, 2017 23:28
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Hodgepodge posted:honestly if c-spam really is just liberal shitposting, it's kind of sad because that means in reality we're the neoliberal memes we pretend to mock nah were shitposting about neolibs being dum
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Jun 1, 2017 01:18
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Typo posted:just in time for the 2018 midterms (maybe) you are gettin' the hang o' this!
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Jun 1, 2017 02:47
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Best Giraffe posted:2008 taught us that destroying the world economy is EXTREMELY profitable turns out if you socialize all the losses the richest suffer, they can turn around and immediately invest all that money in the things middle class people have to sell to eat.
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Jun 1, 2017 02:48
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mister magpie posted:hey guys there is a housing bubble rn in us again because rofl we don't actually learn any lessons and/or don't care about poor people getting hosed when our greed tanks the economy it's more that the actual, real, productive economy has been gradually seeing a decrease in the rate of profit since the 1960s and the only profitable investments people can find these days to keep their businesses afloat are insane gambling ventures like subprime mortgages
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Jun 1, 2017 03:31
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Vermain posted:it's more that the actual, real, productive economy has been gradually seeing a decrease in the rate of profit since the 1960s and the only profitable investments people can find these days to keep their businesses afloat are insane gambling ventures like subprime mortgages i like to think of them as beautiful mortgage submarines
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Jun 1, 2017 03:33
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there is no bubble in the US, it's hidden in London
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Jun 1, 2017 05:31
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Commerz posted:there is no bubble in the US, it's hidden in London 
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Jun 1, 2017 07:20
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cORByn will save us all
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Jun 1, 2017 07:29
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Commerz posted:there is no bubble in the US, it's hidden in London https://www.youtube.com/watch?v=I6Ffr1U7KMY
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Jun 1, 2017 19:55
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mister magpie posted:hey guys there is a housing bubble rn in us again because rofl we don't actually learn any lessons and/or don't care about poor people getting hosed when our greed tanks the economy if there isn't a full on bubble with the housing market yet, there will be soon-ish. tromp / his administration decided not to renew the federal HAMP program that gave assorted protections to low-income homeowners and first-time home buyers, and they're working their asses off to repeal Dodd-Frank too. if fewer people are able to participate in home buying again, it'll either crash things when: a. there's too much back-stock on existing homes and prices drop accordingly when it becomes a buyer's market, thereby catastrophically lowering the value of the average home well below the outstanding mortgage balance b. or it'll crash when the banks realize a. is looming on the horizon, so they start offering mortgages to anyone that can fog a mirror, and the market gets flooded with bullshit loans that inflate the prices of the existing homes, and we'll literally get to watch 2007-08 happen again in real-time
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Jun 2, 2017 19:31
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Freaking Crumbum posted:if there isn't a full on bubble with the housing market yet, there will be soon-ish. tromp / his administration decided not to renew the federal HAMP program that gave assorted protections to low-income homeowners and first-time home buyers, and they're working their asses off to repeal Dodd-Frank too. if fewer people are able to participate in home buying again, it'll either crash things when: i'm gonna go with b for 500, because lol if we think the business class has to learn from or pay for it's mistakes, just lol
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Jun 2, 2017 20:43
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Lindsey O. Graham posted:i'm gonna go with b for 500, because lol if we think the business class has to learn from or pay for it's mistakes, just lol and I just saw that the House (led by the illustrious Paul Ryan) is set to vote to repeal Dodd-Frank next Friday. just watch the dominoes fall
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Jun 2, 2017 20:54
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Will TARP 2.0 be twice as big, or even bigger?
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Jun 2, 2017 21:58
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Freaking Crumbum posted:and I just saw that the House (led by the illustrious Paul Ryan) is set to vote to repeal Dodd-Frank next Friday. just watch the dominoes fall Dodd-Frank did little to nothing to curb the culture of rampant stupid risk taking, it just made it harder to leverage everything and lose it all at once. So yeah its going to terrifyingly hilarious when that very basic stricture is removed
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Jun 2, 2017 22:37
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Freaking Crumbum posted:and I just saw that the House (led by the illustrious Paul Ryan) is set to vote to repeal Dodd-Frank next Friday. just watch the dominoes fall yep so true
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Jun 3, 2017 00:15
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Not a Step posted:Dodd-Frank did little to nothing to curb the culture of rampant stupid risk taking, it just made it harder to leverage everything and lose it all at once. So yeah its going to terrifyingly hilarious when that very basic stricture is removed but that one mid-level manager from AIG or HSBC or where ever went to jail as the patsy for the entire industry. our problems are solved and the system is redeemed!
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Jun 3, 2017 06:35
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Its going to be fun if it takes down the SV startup sector with it. Or lenders try to call their markers on student debt.
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Jun 3, 2017 14:46
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If San Francisco burns in a fire or its own making the next bubble might actually be worth it.
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Jun 4, 2017 03:21
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Not a Step posted:If San Francisco burns in a fire or its own making the next bubble might actually be worth it. but i live in San Francisco 
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Jun 4, 2017 03:58
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Top City Homo posted:but i live in San Francisco My deepest apologies. When the bubble bursts please do the honorable thing and set the fires yourself
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Jun 4, 2017 04:20
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Vermain posted:it's more that the actual, real, productive economy has been gradually seeing a decrease in the rate of profit since the 1960s and the only profitable investments people can find these days to keep their businesses afloat are insane gambling ventures like subprime mortgages Yep. You pretty much have to do insane leveraging to see the rates of return they want and luckily neoliberals are all too happy to allow that.
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Jun 4, 2017 07:01
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Not a Step posted:My deepest apologies. When the bubble bursts please do the honorable thing and set the fires yourself im collecting passports so i don't end up like a drat fugee i suggest you do the same
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Jun 4, 2017 07:16
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Top City Homo posted:im collecting passports so i don't end up like a drat fugee If the EU offer the EU passport option to all current UK/EU citizens I will then have 4 passports. Kinda cool
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Jun 4, 2017 07:24
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Commerz posted:I don't know if the individual guys were good but dumb threads where communist anime gimmicks argue about abstract political topics is funnier to me than 1000 page threads of serious people earnestly posting their outrage at twitter liberals communist anime gimmicks ftw
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Jun 4, 2017 22:08
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