Quote:
Originally Posted by saden1
You know what really bothers me? The fact that you work for a bank and you don't appreciate the scope of the problem. You cite working at a bank as a virtue but in the context of your views it really isn't.
- Quantitative easing is a well know monetary tool. In your world it's always bad, in my world it can be good or bad depending on situation and how it is used.
- You fail to appreciate the catch-22 situation we're in. All of this is not being done in jest, it's so we don't lose more jobs and business. In my world no easy means inability to lend money, inability to lend money results in more business tightening thier belts, more belt tightening means more layoffs, higher unemployment means higher default.
- Can your bank handle 20% of its customers losing their jobs? For how long? Tell you what, we can even do the math but if I had to guess it wouldn't without a bailout. In my world I realize that it's not just about giving good loans, it's how employed we are.
- The only reason why your bank is in business is because it's backed by the Full Faith and Credit of the United States Government. Period. In my world I am cognizant that your bank didn't pay any FDIC insurance premium between 1996-2006 and was therefore sucking on taxpayer tit.
- My world doesn't consist of living in a cave pretending government inaction will yield positive results. I will defer to economists who don't think statistics are useless.
- Finally, my world is not based on superficial knowledge of what America is and has always been, and how and why it got to where it is today.
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The reason my bank is in business is because they did not go out and loan money to everyone who asked for a loan. Thats called ggod business and if the goverment stayed out of the loan process from the get go we not be in this mess like we are now. Its a fact that some people should just rent because they either do not pay their bills or they cannot afford the cost of a home. In just the past two weeks I called my bank and got two loans because I have good credit and pay my bills.